There has been an age old battle between the virtues of term life insurance verses whole life insurance. The proponents of term life insurance often lead with the argument that it would be better to buy term insurance and invest the difference. The whole life advocates attack the temporary nature of term insurance and are skeptical about people investing properly to achieve what the whole life product does on its own. The insurance industry has come up with several variations of life insurance to appease these two opposing schools of thought. The Universal life policy was created in the 1980