Universal Life is slightly more expensive than Term, but still a bargain. The policy has a cash accumulation which you can draw on without borrowing. You can also adjust both your premium and your face value. It does not expire, but you may have to increase your premium at some point.

There are two very essential factors that every consumer must consider when buying life insurance. Normally speaking, benefits and cost are two of the most important details of any life insurance policy. If you are not concerned with these two points, you are not going to get the best policy for your money.

Some Truth of Universal Insurance

• It is best buy for the age group of 20-70 looking for larger amount of coverage at a lower cost amount than whole life insurance
• Some policies are guaranteed to age 100
• It is a  blend between traditional whole life and term insurance
• Beneficiaries can use the death benefit for anything
• Policy will not be cancel because of insured’s age
• Plan is interest rate sensitive which means it can build greater cash value
• Flexible Protection: Flexibility to choose the amount of protection that suits you
• Flexible premium with this you can control the amount and frequency of payments
• Flexible Design can be modified with features that fit your lifestyle