Which Is Better Term Or Universal Life Insurance? 
Which is better term or universal life ? For what need ? These types of insurance are extremely similar with each having an advantage over the other based on the time frame involved that we are insuring . Term hands down works best in short need situations like 10-20 years . Beyond that if you 're allowed to retain your term coverage , it becomes quite expensive . For 20 years plus , universal life is a better product , especially if you want your money back . 