Unlike whole life insurance, universal life insurance allows the policyholder to use the interest from his accumulated savings to help pay premiums over time. (insuranceblogbychris.com)
That cash value can in theory help you pay the premium after say perhaps 10 or more years. (wholevstermlifeinsurance.com)
The cash is meant to help pay your premiums when you're older. (jrcinsurancegroup.com)