What Is The Difference Between Term Life And Universal Life Insurance? 
Term life will pay a death benefit to those that you love if you die within a specified period of time . A universal life policy is a permanent life insurance policy in that it can be used to provide coverage until the day of death whether that is soon or many years from now . The term policy is pure expense . The universal life policy , while more expensive now , can actually reduce the cost of protection over many years by accumulating cash values . Discuss this with your agent . 