What To Do With Universal Life Insurance? 
That is a great question ! And an interesting one . I guess the answer depends upon how long you 've had the policy , and how well you 've kept track of it ; or whether it is a good policy to get at all , if I 'm reading into your question rightly . Here 's what I advise people . A UL policy can be a good thing if you are somebody that keeps an eye on everything , and has extra money lying around . You also have to have a healthy risk tolerance . Agents will rightly tell you that this type of policy can bring great returns , but press them hard , and make them tell you exactly what stars and moons need to align for that to happen . What is the actual performance of the policy over time , not the best case scenario printed in the sales brochure ? How much over the minimum payment is required to achieve that performance ? That 's what you need to know if you are thinking of purchasing one . If you already have one , are you paying attention to how well it is still funded ? You could be in for a surprise if you have n't . Call your agent , and get an idea of how it 's doing for you , and how long you can expect it to be in force . Functionally , you can use the proceeds for everything that you would any other whole life insurance policy . I hope that helps , thanks for asking ! 