Doing The Term/Perm Squirm Part 4: Universal Life Insurance

I describe permanent life insurance as a multi-function jackknife that combines many useful tools into a single sleek package. Universal Life (UL) policies are the ultra-deluxe army knife that includes enough attachments to do anything from performing minor surgery to opening wine bottles. On the other hand, unless you are supremely confident in your surgical skills or don’t mind a little cork in your chardonnay, perhaps this mythical pocketknife isn’t always the best tool for...