Universal life insurance can be a good option for individuals who are looking for both life insurance coverage and a savings component. It is suitable for people who want flexibility in premium payments and coverage amounts. Additionally, those who are interested in building cash value over time and potentially accessing it in the future may find universal life insurance beneficial. This type of insurance can also be attractive to individuals who have long-term financial planning goals and are seeking a policy that offers potential tax advantages. However, it's important to carefully consider the costs and benefits of universal life insurance and consult with a financial advisor to determine if it aligns with your specific financial needs and goals.