How Much Does Universal Life Insurance Cost? 
How much coverage are you looking for ? There are many companies that offer universal life insurance , however , the products can vary substantially between carriers . The first thing you want to find out is which products are guaranteed universal life programs , meaning even if the cash value hit $ 0 , the policy will still pay a death benefit as long as you keep paying your premiums . Current assumption -LRB- non-guaranteed -RRB- universal life programs can seem great on paper and may offer a lower premium that Guaranteed Universal Life policies , but carry a lot of risk - if the cash value hits $ 0 under these programs , then the policy crashes and you 're left with no benefits . You would subsequently have to keep paying more and more into the policy at higher amounts to keep it going . There 's many factors that go into the premium calculations for life insurance to say what universal life insurance will cost - it will be different for every person due to a number of factors including their age , amount of coverage they want , how long they want the coverage for , their risk classification , and other factors . When comparing policies from each carrier , the first thing you need to understand and determine is the risk classification you qualify for because the risk class determines the premiums . Also , not every carrier is going to offer the same risk class for a given medical history - they each have different underwriting guidelines , meaning company A could offer standard to a given profile and another carrier may be able to offer preferred . You should always consult with an experienced life insurance broker BEFORE applying for ANY coverage . Brokers can shop the case for you among a number of insurance companies to see which one will work best for your program and help you structure a policy that will best serve your needs and your budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . 