![Retirees Stung by ‘Universal Life’ Cost](https://uphelp.org/wp-content/uploads/2020/08/WallStreet.jpg)
![Retirees Stung by ‘Universal Life’ Cost](https://uphelp.org/wp-content/uploads/2020/08/WallStreet.jpg)
By LESLIE SCISM, The Wall Street Journal Updated Aug. 9, 2015 10:02 p.m.Retired high-school teacher Nicholas Vertullo long felt confident that his wife, Grace, wouldn’t have to pinch pennies after he died. Nearly three decades ago, he bought a $238,000 life-insurance policy, and later bought…