Life Insurance Direct What Are The Pros And Cons Of Term Insurance | Page 12

Why should someone get Universal Life insurance?
Among all the types of life insurance out there, everyone eventually has to
settle on one that they know they will be happy with for the next few years
or even the rest of their lives. So, the question for many becomes: is
universal life insurance the right choice for me? Here are some of the pros
and cons of universal life insurance:
First, remember that universal life insurance is a form of coverage that allows
a person to control how much of their money goes into benefits and how
much goes into a cash portion that acts as a kind of savings account that a
person can access at any time.