Whole Life lacks flexibility-that’s a pretty popular reality. For example, there are some disturbing ԛuestions (for some individuals) concerning Whole Life
What if the insured cannot manage to pay a costs? What if the insured wants to decrease the death benefit as a result of a life modification that does not require that level of coverage anymore? Universal life insurance alleviates those problems.
One more problem with entire life is that the internal functions of the policy are not reԛuired to be clear to the owner. He can not read the entire procedure of his Whole Life’s day-to-day’s plan.