Maximize Retirement Security with Expert Universal Life Comparison

Cost Considerations

The cost of universal life insurance varies depending on factors such as age, health, and the chosen death benefit. While premiums can be higher than those of term life insurance, the added benefits of cash value growth and lifetime coverage often justify the expense. It's essential to work with a financial advisor or insurance agent to understand the potential costs and benefits, ensuring that the policy aligns with your long-term financial goals⁴.