As a result, universal life insurance coverage premiums are generally lower during periods of high interest rates than entire life insurance premiums, typically for the exact same amount of coverage. Another essential difference would be how the interest is paid. While the interest paid on universal life insurance is frequently changed monthly, interest on an entire life insurance coverage policy is typically changed every year. This could imply that during periods of rising rate of interest, universal life insurance coverage policy holders may see their cash values increase at a rapid rate compared to those in entire life insurance coverage policies. Some people may choose the set survivor benefit, level premiums, and the potential for development of an entire life policy.Although entire and universal life policies have their own unique functions and advantages, they both concentrate on providing your liked ones with the cash they'll require when you pass away. By working with a certified life insurance coverage agent or company agent, you'll have the ability to select the policy that best satisfies your individual needs, budget, and monetary goals. You can also get atotally free online term life quote now. * Supplied required premium payments are prompt made. ** Boosts may undergo additional underwriting. WEB.1468 (What is life insurance). 05.15.