yes, you can buy term life as the premium is cheaper.before you make any changes, please make sure1. your current health condition is acceptable by the insurer. You may need to undergo a health check before they accept your application. or loading may be imposed for any pre-existing condition. 2. Get you agent to run through some numbers with you. ie Your annual term life premium x 25 years. what is the total projected premium? 3. Universal life should have some cash value, maybe they can convert the cash value into some form of of paid up policy for the next 25 years or more.4. if you are able to save on the premium, PLEASE deposit it into your bank account and dun spend it. People buy term and invest the rest, at the end many buy term and spend the rest. You need money for your retirement too.** due to limited info given, kindly get your local agent to project 2 scenarios : 1) Continue Your exsting plan 2) Buy term and find out how much you can gain from both scenario.

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