Is Universal Life Insurance A Good Investment? 
Video Transcript : Hello , everyone . I 'm Steve Savant , Syndicated Financial Columnist and host of the weekly online talk show , Steve Savant 's Money : The Name of the Game . I 'm answering questions from insurancelibrary.com , and today 's question is : is Universal Life a good investment ? Remember , pure Universal Life is really interest rates . And so , if interest rates and you 're a conservative person , that may be a play for you and you may want to look at that . Remember , it accumulates tax deferred . It can come out tax free if it 's a non-modified endowment contract and it 's kept in force for the life the policy insured . And remember , it 's really interesting . They have current company practice where they charge expenses for the policy and they have contractual guarantees . You 'll want to make sure that you look at both sets of rates before you make your final purchase . And remember , interest rates tied generally to Government Treasuries are probably what 's behind most of these contracts that you look at . They 're really great for indemnification . It can also be used for income , and it 's a great way to use it for supplemental retirement . Well , that 's our consumer question for today . If you have any questions just submit them to www.insurancelibrary.com . 