Universal Life Insurance

Universal Life Insurance Feature: Cash Value Accumulation

In this series, we will walk you through many common features of a typical universal life insurance policy.

Cash Value Accumulation

Universal life policy has the potential to earn cash value, which can increase the death benefit your beneficiaries receive. Provided it's sufficient, your cash surrender value can be accessed through policy loans and partial surrenders to buy a home, fund a child's education or supplement retirement income. In addition, if cash value accumulation is a high priority for you, you can increase your regular premium payments or make additional unscheduled payments into your policy. Paying additional premiums provides you with the opportunity for greater cash value accumulation — which can then be used if needed in the future.