Does Universal Life Insurance Have Cash Value? 
Because of the way Universal Life works the answer to that question is usually yes but not always . Unlike Whole Life which has a set premium and is thus able to offer guaranteed cash values , a Universal Life policy does not have a set premium , the premium is flexible . You can add more to the policy or pay less into the policy . As long as your premium pays the expense charges and cost of insurance each year you will maintain your insurance.The problem with this is that these charges go up each year and eventually , like term , become unaffordable . That is why you must always put more into the policy than just the basic costs . A Universal Life has a Target Premium , meaning that if you put that amount into the policy it should be in good shape and there will be cash value . The more you put in , the greater the cash value . 