Typically, whole life policies are fixed premium products. However, they can be set up for specific payment schedules so that you may pay premium for a certain amount of time and then cease premiums after the premium-paying period is over. For example, a "20-pay" would only require premiums for 20 years, then premiums would go to 0.
Some policies could allow you to add additional premiums from time to time, but that would not change your required fixed premiums for the base coverage. Hope that answers your question.
Joe Allaria, CFP®
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