Universal life insurance is a flexible permanent policy that offers lifetime coverage, an adjustable death benefit, and a cash value component. You can change your premium payments and coverage amount over time based on your needs. The cash value earns interest and can be used to pay premiums or accessed as needed. It's a great option for those who want insurance and long-term financial flexibility.

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Best For: High-income earners, financial planners, those who want control over their policy