Why Is Universal Life Insurance A Bad Idea? 
Universal Life Insurance is not a bad idea , unless it is not a suitable product for your need . Universal Life can be a good solution for those who want permanent coverage with low cash value and at the lowest possible price . Because it is flexible , Universal Life is also a good `` lifetime '' plan that can be adjusted to suit each stage of life . Universal Life policies of the past we sold with projections of unsustainable interest rates , and caused many people a lot of grief when they lapsed far before anticipated . So it is important to purchase UL with your eyes wide open , and having guarantees down in writing . 