What Is A Cash Accumulation Fund Life Insurance? 
When you purchase universal life insurance through a group policy , your employer may offer you a chance to put away extra cash in a cash value accumulation fund that is a part of your universal life policy . It affords you the opportunity to pay beyond your premium , to have the excess grow in a tax deferred account at a competitive interest rate . You would need to look at the illustration of projected cash accumulation , and compare it to other savings/investment plans to determine if it is a good option for you . 