This short video discusses Universal Life insurance policies, including Indexed ULs. You'll understand the basics on how they work, why they sometimes fail, and what to consider BEFORE buying a new one or CANCELLING an old policy. What is a Universal Life Policy? Why do Universal Life Policies Fail? How to learn more about an existing life insurance policy? How does cash value work in a universal life policy? What is my Universal Life policy lapsing? What is difference between Term, Whole Life, and Universal Life? Financial advice provided to people in the Tampa, Clearwater Florida area.