Who Benefits From Universal Life Insurance? 
Universal Life Insurance comes in several different types , and who the policy benefits depends on what type of Universal Life policy you get . Guaranteed no lapse UL usually has the lowest premiums of any permanent policy . That type of Universal Life benefits those with low incomes who still want the protection of lifelong coverage . Indexed Universal Life and Variable UL can be designed to provide tax deferred retirement income , or to borrow from for other needs . Universal Life , in general , is very flexible , so is ideal for a family who wants to simply adjust one policy throughout the stages of their life , rather than buy a new term or whole life policy whenever the need arises . 