What Is Term UL Life Insurance? 
Term UL is a hybrid of Term and Universal Life Insurance . Some liken it to UL with a secondary guarantee , while other contend that they are different in many ways . The main differences that consumers will notice is that Term UL is offered at older ages , and for longer `` terms '' than traditional Term Life Insurance . While shoppers might be able to find similar Universal Life policies with secondary guarantees , it is easier to compare Term UL with other Term products , and thus , they are popular among some age groups . Another difference is that Term UL usually automatically converts to regular UL at the end of the `` term '' . 