Is Universal Life Insurance Ever A Good Idea? 
I think that Universal Life Insurance is a good idea for those who want permanent coverage , but do n't care whether or not their policy has much cash value . You can buy guaranteed no lapse UL policies at very competitive prices that are like that . Indexed Universal Life can be a good choice for younger , healthy persons wanting to use their life insurance policy as a type of investment . IUL uses the stock market to generate what could be higher than normal cash value . But it can not go below zero gains , so if safer than playing the market . Finally , getting Universal Life at an older age , when the premiums are comparative to Term , is a good idea . UL gives you more flexibility so that you can decrease the face amount , increase or decrease the premium , and increase or decrease the duration of the policy very easily . 