Choosing your premium

If you want a universal life policy and believe that you can afford the premium, you need to balance the following three considerations to determine your cash value:

• Determine how much you can afford from your monthly
• budget.
• Decide how much protection you want to purchase.
• Balance the amount of protection you want to purchase

with the amount of premium you can afford. You invest in a life insurance policy to be covered in case you die, not because life insurance is a good investment. You can generally make more money by putting your money into other investments.