Universal Life Insurance
Flexible permanent coverage at a lower cost than whole life.
Quick answer
Universal life (UL) insurance is permanent coverage with flexible premiums and an adjustable death benefit. Cash value earns interest at a rate set by the carrier. Guaranteed universal life (GUL) strips out most cash value to provide lifetime coverage at a price closer to term.
- Coverage length
- Lifetime or to a set age
- Premiums
- Flexible
- Cash value
- Interest-crediting
- Variant
- Guaranteed UL
Who is universal life insurance best for?
- Lifetime coverage at a lower cost than whole life
- Estate and legacy planning
- People who want premium flexibility
Pros and cons
Pros
- Lower premiums than whole life
- Flexible payments
- Guaranteed versions lock in lifetime coverage
Cons
- Interest rates can change
- Underfunding can cause lapse
- Less cash value than whole life
How much does universal life insurance cost?
Universal life typically falls between term and whole life in price. Guaranteed universal life is among the least expensive ways to secure lifetime coverage.
Why buy through Varis Life?
Varis Life is an independent agency with access to every major carrier and licensed agents in all 50 states. We compare universal life insurance options side by side so you get the best fit for your health, budget and goals.
Frequently asked questions
What is guaranteed universal life?
Guaranteed UL provides a guaranteed death benefit to a chosen age, such as 90, 100 or 121, with little cash value, making it affordable permanent coverage.
Is universal life better than whole life?
UL costs less and is more flexible; whole life offers stronger guarantees and cash value. The right choice depends on your goals.
Compare every carrier in one call
A licensed Varis Life agent will shop the market for you, in any of the 50 states, at no cost.
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