What Is Wrong With Universal Life Insurance? 
I have a universal life insurance policy . The idea is great . The problem is that with all the flexibility that is a part of the universal life policy , there is a temptation to get too flexible , skip payments , decrease payments etc. . I have seen universal life policies that self-destruct . There are some laws of economics that can not be violated without paying the price and paying too little , particularly in the early years , can leave the insured with a very expensive term policy that expires while they are still alive . 