I have had a universal life insurance policy for the last 24 years, recently I was contacted by the insurance company and was told that the insurance was going to burn itself out. I have no idea what that means. But the agent that came to my house(from the same company) tried to tell me my policy was worthless and I should get a new one with premiums for at least 2 to 3 times as much per month. The original agent told me my policy would only need to be paid for 30 years and than it would be in full effect with no further payments needed for life. All of which appears to be a lie. Is there any real Good reason to have one of these policies?