Why Choose Universal Life Insurance? 
A universal life policy divides the death benefit from the cash accumulation features of a whole life policy . It places some control in the hand of the policy owner to determine the amount of funding that the policy will receive . Universal life policies traditionally allow the owner to change the rate of deposits or even skip deposits for a time . This provides great flexibility . There isnt any guarantee , however , that the universal life policy will outperform a traditional whole life policy and may cost more in the long run . 