Disadvantages Of:
Term Life
Whole Life
Universal Life
Guaranteed Issue
Burial Insurance
Second To Die Life
Credit Life?
Children's Life
Accidental Death
Critical Illness

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"Attack life, it's going to kill you anyway."

~Steven Coallier

Disadvantages of Universal Life Insurance:

  • Your premiums may increase if the company’s expenses increase
  • Few live to 100, so the maturity age is impractical
  • Several times more expensive than term
  • Fees and charges are taken out of your cash value
  • Your cash value at retirement age may be less than your face value
  • Your mortality cost may increase each year
  • You may have to surrender your policy if you over withdraw
  • If you surrender your policy, there may be a taxable event
  • It can be expensive if you don’t keep the policy your entire life
  • Takes several weeks to access your cash value
  • Loans against the cash value will lower your death benefit


All rights reserved. Copyright © Craig Casey 2000.

"Pessimism is a name that men of weak nerves give to wisdom."

~Bernard De Voto

problems, drawbacks, tricks, fine print, Term insurance, termlife, term life, whole or term, whole life insurance


Craig Casey
Independent Insurance Agent
California License #0B81661
PO Box 444
Jacumba, California 91934
1-619-766-3213

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