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The funny thing about a universal life policy is that you can set your own premium. Most policies will give you guaranteed coverage period for a set premium. This secondary guarantee means that even if the policy runs out of cash it will be guaranteed for that long. It might also last longer if it gets better than projected performance. So once you go through underwriting, you need to choose two out of three: premium, face amount and/or length of coverage. Let me know if you have any questions.

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by CJBowker

5 months ago

Asker's Rating: 

It depends on your state, smoker/nonsmoker, if you're rated up because of health conditions or dangerous occupations/avocations etc. Get several quotes from multiple agents. Ask yourself, is universal life the best thing. At your age, the likelihood is that it isn't.

by rmg- 5 months ago