What Are The Disadvantages Of Universal Life Insurance at Life

What Are The Disadvantages Of Universal Life Insurance. As with any other investment option, there are financial risks to buying a universal life insurance policy. One of the key benefits that is associated with an indexed universal life insurance policy is exposure to an equity index without the risk of loss.

Even though you don’t have to repay the loan, it’s not free money. Universal life insurance has a ton of advantages over term and whole life. Some of the downsides of owning one of these plans can include:

Variable Appreciable Life Insurance Policy Pocketsense

As with any other investment option, there are financial risks to buying a universal life insurance policy. You can only borrow up to the amount of cash value in the policy. Now that you’re quite versed with what universal life insurance is and the various types. Making the minimum payment will only cover the cost of the policy itself.