Development of a probabilistic (rather than deterministic as used before by the company) approach to simulate the effect of stock market volatility on the behavior of a variable life insurance policy. This approach was applied to project the activity hypothetical policies, intended to achieve a given account value (the death benefit), at various premium amounts. Distributions of the minimum number of required premium payments, the account value in a given year, and the year in which the policy was fully funded were approximated via simulation.