Why Get Universal Life Insurance? 
The reason many people get Universal Life insurance is because of its flexibility . It is a permanent product that can be adjusted to last a lifetime or just a set number of years , although the minimum guaranteed period is usually at least 10 years . If you decide years into the policy that you want to increase the duration , you can increase the premium , or decrease the face amount and keep paying the same premium . In essence , one Universal Life policy can take you through the stages of life in one policy . 