Universal life insurance policies provide the flexibility to build your policy's cash value or focus more on guaranteed protection.
Lets you choose, within limits, the length of the protection guarantee and the premium payment schedule up front, both are then guaranteed not to change so long as the premiums are paid as planned.
Cash Value Accumulation
Grows through crediting interest rates. Cash value will grow tax-deferred and can be withdrawn or borrowed from the policy. It also allows you to change, within limits, your premium payments and death benefit.