I was thinking the other day that i had 2 life insurance. I went through my files and did find 2 life insurance. One is a select term 20 of 500,000 basic plan amount and the other is universal life option 1 with 100,000 basic plan amount. I was reading online that the select term won t last long since it s only for 20 years but the universal is permanent and more flexible but just expensive. My question is should i keep select term or universal? Im thinking of universal since it seems to be better than select term. What s your opinion?