Why Buy Universal Life Insurance? 
Life insurance is a mortality product . It is used in three major planning modules : indemnification , income and inheritance . If you have ongoing permanent financial liabilities or inheritance issues guaranteed universal life insurance is the best alternative to pay for coverage . For tax advantaged income current assumption universal life has three crediting method options for long term savers and investors : interest rate , indices and separate sub accounts that use market equities and bonds . If the policy is designed with the lowest TAMRA compliant death benefit option , the potential for income is increased . 