Yes, and that’s one of the best things about VUL insurance. You can access your policy’s cash value through withdrawals or loans while keeping your coverage active. Many Australians in Perth, Canberra, and Geelong are using VUL policies to finance real needs like kids’ uni tuition, house renovations, or even business startups. This makes variable life insurance much more than just a safety net-it becomes a flexible financial asset. You benefit while you’re alive, which is a major advantage over most life-only policies.