Is Universal Life Insurance Bad? 
There are many past universal life policy holders who consider it to be bad because they have been burned by universal life . Most often , this occurred because the projected interest rate for the policy was unrealistically high . This caused their policies to lapse much sooner than expected . Since then , some universal life policies now offer a guaranteed minimum interest rate and maximum COI -LRB- cost of insurance -RRB- . However long your policy is shown to last with those variables is how long your policy is guaranteed to not lapse . In my opinion , universal life insurance is not bad as long as consumers understand the guarantees , or lack thereof . 