How Much Is Universal Life Insurance? 
Universal Life Insurance with a no lapse guarantee has some of the lowest premiums in permanent coverage . That is partly because you can buy UL that has almost no cash value . Therefore , most of your premium is going to purchase death protection . On the other hand , Universal Life Insurance can be used to create a lot of cash value , so that it can be used for expenses or retirement income . This is especially true with Indexed Universal Life or Variable Universal Life . Obviously , this premium will be much higher . Your age , health , and policy features all also come into play in calculating the cost of Universal Life Insurance . This is definitely one of those products you do n't want to purchase without some professional guidance . It is impossible to even compare two UL policies unless you understand what you are comparing . 