What Are The Benefits Of Universal Life Insurance? 
The main benefits I see in Universal Life insurance are : A . The ability to purchase guaranteed permanent coverage at the least possible premium in policies that are designed for that purpose -LRB- because of minimal to no cash value -RRB- , and B. Flexibility . You can increase the premium , dump in cash , or reduce the face amount to make this one Universal Life policy a vehicle that can meet the life insurance needs of a family for a lifetime . 