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	Insurance--Life Insurance   Universal life insurance Annuities Auto Insurance Small business insurance Long term care insurance Health Insurance Home Insurance Life Insurance -Life Insurance FREE QUOTE -The process of buying life insurance -Cash value life insurance -How your blood pressure and cholesterol affect your life insurance costs -Assess your life insurance needs -Term Life Insurance -Universal life insurance -Variable life insurance -Whole life insurance Travel insurance Universal life insurance offers greater flexibility than whole or term life policies. But it is a highly complicated insurance product that takes some thought. With universal life insurance, you have the option of reducing or increasing the amount of your death benefit over time. If you choose to increase it, you will have to provide medical proof that your health has not deteriorated. After your first payment, you can pay premiums at any time and in any amount - just make sure you don't miss a minimum payment. Some policies may limit how much extra you can pay in advance. Universal life requires supervision, as you will need to maintain sufficient funding, especially when the insurance company increases charges.