Why Should I Buy Universal Life Insurance? 
Every situation is different . Universal Life may or may not be the correct choice for you . The advantages of Universal Life is in its flexibility and greater potential for cash accumulation . Properly funded a Universal Life can be a great choice for the person who needs life insurance and like the idea of being able to have a competitive saving built in . The disadvantage comes when a person does not put enough into the policy . Unless there is enough in the cash portion of the policy to pay the cost of insurance , you can lose the savings portion and the insurance . Know what you are buying and do not buy solely on perceived cost . Ask fo a complete illustration before purchasing Universal Life and look at the guaranteed portion , not just the projected . 