Why Should I Get Universal Life Insurance? 
A universal life policy gives you flexibility that isnt available in other permanent policies . You can alter the premium . This is because the universal life policy transfers the responsibility for providing sufficient reserves to keep the policy in force from the company to you . Many companies provide a separate fund for their universal life policies but it is your premium deposits that determine how long the coverage will last . If you dont deposit sufficient premium dollars in the plan it will terminate . 