What Is The Difference Between Universal And Term Life Insurance? 
The main difference between Term and Universal life insurance is that it is possible to continue a Universal policy all the way through a person 's life even if they live to 100 . I say possible because more often than not it does n't work out that way . But if one were to `` over fund '' the policy in the early years of the policy or continue to increase the premiums they pay as the cost of insurance goes up with their age they could keep the policy going . Where with a Term policy it will end and may not be renewed in most cases past age 80 . 