Is Whole Life Insurance Better Than Universal Life Insurance? 
One product is not better than the other . The answer depends upon what your needs are , and your tolerance for risk . Whole life insurance is better for people who want surety . There is a guaranteed death benefit , guaranteed interest rate , and guaranteed level premiums for life . Universal life insurance is better for people who prefer flexibility . You can choose between different cash accumulation options -LRB- A or B -RRB- . You can choose to make extra premium payments to accelerate cash accumulation , and and riders for long term care . 