Who Is Universal Life Insurance Good For? 
Universal Life Insurance is good for persons who are looking for a low cost permanent policy that does not accumulate cash value . That is called guaranteed universal life . On the other hand , universal life can be good for people wanting to build up an accumulation of money to `` borrow from themselves '' on a tax favorable basis in retirement . That is called indexed universal life or variable universal life . Universal life is flexible , so is also good for people who want one policy to simply adjust during their lifetime . 