Life Insurance Myth #4: The costs of insurance in a UL or IUL policy will grow too expensive.

Updated: Oct 15, 2020



This myth comes from those who believe that whole life insurance is the ONLY cash value life insurance policy one should own... because of the guarantees. And these advocates of "whole life only" use the past as an example of what can happen with Universal Life insurance.

As someone who pays attention to life insurance headlines over the years, it's not hard to find lawsuits about various "imploding" universal life insurance policies.