A wellbore completion is configured for multiple forms of artificial lift. A downhole assembly on production tubing defines a production port communicating a throughbore with the wellbore annulus. A bypass, such as a snorkel or riser tube, on the assembly also communicates the throughbore between the packer and the production port with the annulus. A packer on the assembly seals in the annulus downhole of the production port and bypass. The assembly can then be configured for any selected artificial lift. To do this, at least one isolation (a sleeve insert, a sliding sleeve, a check valve, or a rupture disk) selectively prevents/allows communication via one or both of the production port and the bypass as needed. Additionally, removable lift equipment, including jet pump, gas lift valve, plunger assembly, rod pump, piston pump, or standing valve, is selectively inserted into the assembly's throughbore as needed.