Market Hits 'Universal Life' Policies

Universal life insurance has grown in popularity thanks to its flexibility. But policyholders may not realize their coverage could be dwindling.

Universal life is considered permanent life insurance, yet it actually has an expiration date that's usually set past most life expectancies. But lower interest rates, a falling stock market -- or a combination of both -- may limit how long these policies remain in force...

WSJ: Market Hits 'Universal Life' Policies