How Much Is Universal Life Insurance? 
The challenge with trying to answer this question is that the answer is almost `` as much as you want it to be '' . Explaining the design will help give you understanding what I mean . Universal life has three main components : mortality costs -LRB- cost of insurance -RRB- ; interest -LRB- can be positive or negative -RRB- ; and expenses . The mortality cost portion can be like a yearly renewable term rate or a level cost to 100 and there may be other choices such as a 15 pay . How much you pay depends on what option you have chosen . The amount of the investment portion you can choose , between a minimum and a maximum . Again you decide . The expense portion is usually fixed and is often guaranteed by the insurance company . The rate you will be charge for the insurance portion is like other insurance policies , based on your age , sex , smoking habits , health , etcetera . An independent life insurance broker , representing several companies , can help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . 