Universal Life Insurance

UL is permanent usually with level premiums for the duration of the life of the insured. With level cost, UL premiums do not increase and the coverage does not expire. UL can also have an investment component to it that grows on a tax sheltered basis. Due to historically low interest rates we have seen UL premiums increase over the past few years. Therefore it is not as popular as it once was but may be a good fit for the right person.