Which type of life insurance offers flexible premiums a flexible death benefit and the choice of how the cash value will be invested?

Which type of life insurance offers flexible premiums a flexible death benefit and the choice of how the cash value will be invested?

Universal life insurance policies offer flexible premiums that may allow you to adjust how much you’ll pay each year by accessing some of the policy’s cash value (though you will need to pay the minimum premium amount or the policy will lapse).