Universal and variable life insurance are two separate concepts. Variable refers to any plan that puts some or all of the premiums invested into stocks. Universal refers to the ability to adjust your premium and the death benefit of the plan depending on your financial situation.
A plan can be variable, universal, both or neither. Talk to your local broker to determine which situation is best for you.
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A plan can be variable, universal, both or neither. Talk to your local broker to determine which situation is best for you.