What are the advantages & disadvantages of universal life?

Question

What are the advantages & disadvantages of universal life?

Answer 1

+: Fixed interest rate, accumulates cash value, flexible premium, and most companies have a death benefit guarantee at least for a minimum number of years. It's also permanent

-: Interest rate may be low; could experience more cash accumulation with a variable universal life policy, policy fees may be more expensive than whole life, more expensive than term, there are usually surrender charge schedules attached, meaning you can't just cancel your policy without being charged a fee for a certain number of years.

Answer 2

advantage lovely people

disadvantage mean people