Universal Life Insurance (UL) is a non-qualified permanent life insurance policy that offers death benefit protection. LLike other forms of permanent life insurance, your premium payments may earn interest and grow the cash value of your policy. This policy maintains a secure interest rate without the the possibility of having a below 0% credit interest. A UL policy allows the insured to create Cash Value (CV) in the policy. Most UL policy holders use the policy to create an increasing Death Benefit (DB), although any money withdrawn from the policy by the owner, is deemed as "Tax Free". The policy's main purpose is to create an increasing cash value and death benefit for the beneficiary to use after the insured's death. This product is NOT in the stock market nor does it use a stock market index to increase the interest crediting strategy like an Indexed Universal Life
Insurance plan would.