How to Fund a Universal Life Insurance Policy

With traditional whole life insurance or permanent insurance, there are a lot of guarantees in there that are built into the contract. Universal light policies can do what's called a backwards look. And they could look, Hey, what have we done in the past? And we'll illustrate that going forward. But knowing that they can change those things at any time is a big reason why even if you buy these policies, every year as part of your review process, get the new updated illustration.