Is Universal Life Insurance Bad? 
Universal life insurance is n't ` bad ' but it is sometimes not used properly . Unlike traditional whole life and simple term policies which have a set payment and benefit amount , universal life offers much more flexibility . With this flexibility comes responsibility . Certain policies and premiums are only guaranteed to a certain age and sometimes people will not make the full payments . This can lead to shortages and problems down the road . This is one of the many reasons you should be 100 % upfront with your agent about what your goals are . There are several situations where a universal policy is the BEST choice for a particular client , but there are many when it is not . `` My friend/coworker/brother just got a universal life policy and I want one , too '' . No . Let 's not start building the roof and add the walls later ... Let 's start from the beginning and figure out what you 're REALLY looking for this policy to do . After that , we can go from there . 