A universal life insurance policy generally does not provide for a tax-sheltered savings platform.

Name: A universal life insurance policy generally does not provide for a tax-sheltered savings platform.
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Quizplus · Accepted Answer

A universal life insurance policy typically does have a tax-sheltered savings component known as the cash value. Policyholders can invest funds in the cash value account, which grows tax-deferred until withdrawn.

A Universal Life Insurance Policy Generally Does Not Provide for a Tax-Sheltered