People often ask us, “Is universal life insurance a good choice for me?” This is a good question. A universal life policy is a form of permanent life insurance. The appeal of universal life includes a variety of payment options, potential for cash value growth and the flexibility to change the death benefit in the future. At time of purchase, the insurance company establishes a recommended premium for you to pay based on mortality charges, policy expenses and interest rates. The company also sets a minimum interest crediting rate as outlined in the…