Smith, Mike, CPFHayhoe, Celia Ray2014-08-122014-08-122009-05-01http://hdl.handle.net/10919/49742Universal-life insurance was created to address many of the problems associated with whole-life insurance. One problem with whole-life insurance is its lack of flexibility. A second problem with whole life is that it is much like a black box. The owner cannot see exactly how it works. Universal life provides solutions to these problems.2 pagesapplication/pdfen-USVirginia Cooperative Extension materials are available for public use, re-print, or citation without further permission, provided the use includes credit to the author and to Virginia Cooperative Extension, Virginia Tech, and Virginia State University.Family Financial ManagementExtension publicationhttp://pubs.ext.vt.edu/354/354-146/354-146_pdf.pdfInsuranceLife insurancePolicy