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Universal life insurance can help protect your family if should something happen to you, while allowing you to recoup part of your investment if you do not die.
If you do not die, you can collect the cash value of your universal life insurance policy once your need for life insurance has ended.
If you do die, your family can collect the death benefit from the universal life insurance policy.
The amount that you will be able to collect if you do not die will depend on how much of your premium payments were applied toward your cash value.