Universal life insurance might just be one of the most flexible and powerful financial tools out there, but let’s be honest – it’s not the simplest to understand. When I first looked into it, I felt confused by all the options, fees, and terms. In this post, you’ll learn: What universal life insurance is and how it works The pros, cons, and risks to watch out for Who it’s best suited for and why it’s popular in Singapore   If you’re curious about how it all comes together and whether it’s right for you, keep reading – you’re in the right place. What is a universal life insurance policy? A universal life insurance policy is a type of life insurance that combines lifelong protection with a savings or investment component. Unlike term life insurance, which only provides coverage for a set period, or whole life insurance, which...