Universal life insurance offers several benefits that make it an attractive option for many individuals. Flexibility is a key advantage of universal life insurance, as it allows policyholders to adjust their premium payments and death benefits over time to accommodate changing financial circumstances. Additionally, cash value accumulation is a significant feature of universal life insurance, providing a tax-advantaged savings component that can be accessed during the policyholder's lifetime. Another important benefit is permanent coverage, meaning that as long as premiums are paid, the policy remains in force for the insured's entire life. Furthermore, universal life insurance can serve as a financial planning tool, offering potential for wealth transfer and estate planning. It's important to carefully consider the terms and conditions of any insurance policy and consult with a financial advisor to determine if universal life insurance aligns with your financial goals and needs.