Universal Life Insurance Problems

Your premiums increase with companies expenses
You may incur surrender charges if you cancel your policy
Your cash value may incur upfront load charge
Your mortality cost may increase each year
If interest rates fall, you may have to pay higher premiums

Benefits of UL:

Your money accumulates in a cash value account tax deferred
You can borrow or withdraw from the policy
Interest is credited monthly
You may be able to vary the time of payment
You can tailor the death benefit to remain level, increase or decrease
Premiums are set by you, not the insurance company
Premiums are usually lower than whole life when interest rates are high

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