Which Is Better Whole Life Or Universal Life Insurance? 
They are different forms of permanent insurance . In order for a policy to be permanent , that is last the entire lifetime of the insured it must develop cash value . A whole life policy guarantees cash value in the policy . A universal life policy doesnt guarantee cash values . It is possible for a universal life policy to exhaust its cash values rendering the policy worthless . The universal life policy invests in a separate fund that is generally managed in a more aggressive manner than the guaranteed whole life cash value fund . 