Builds Cash Value

goldcoinOne of the key advantages of Universal Life Insurance Plan is that it builds cash value overtime. The owner has the ability to access his cash value almost anytime meaning, he has the flexibility to opt for either borrowing or withdrawing money from the cash reserve. Based on the company’s portfolio, the cash value is tax deferred and would continually grow at a variable rate. Furthermore, a minimum amount of growth is acquired regardless of how well the company’s investments do.