# Converting Universal life insurance into a better investment.

**URL:** <https://boards.straightdope.com/t/converting-universal-life-insurance-into-a-better-investment/444997>\
**Category:** Factual Questions\
**Created:** [April 12, 2008, 3:25am UTC](https://boards.straightdope.com/t/converting-universal-life-insurance-into-a-better-investment/444997 "2008-04-12T03:25:55Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![SSG\_Schwartz](https://avatars.discourse-cdn.com/v4/letter/s/e9a140/32.png) [@SSG\_Schwartz](https://boards.straightdope.com/u/SSG_Schwartz)\
**Post date:** [April 12, 2008, 3:25am UTC](https://boards.straightdope.com/t/converting-universal-life-insurance-into-a-better-investment/444997/1 "2008-04-12T03:25:55Z")

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I know that life insurance is not a good investment strategy, but a couple years ago I had no investments and began to think about my future (ok, I was getting deployed for the first time and had extra money and thought it would be a good idea.) Granted, I am getting higher interest payments than I was initially promised, I keep thinking that mutual funds or bonds would be a better investment than universal life.

Does anyone know how I would go about transferring the money I have in the UL account into a better investment? What am I looking at as far as a tax penalty? Or am I stuck with this and can only keep paying in?

Any suggestions would be appreciated.

SSG Schwartz