<prompt> Human: I recently found out that, when I was born, my grandpa opened a Universal Life Insurance policy for me.Im not entirely sure how it works, but it has about 8k in it making 6 interest, and it seems to be self sustaining. My first reaction is that this seems to good to be true, since all my searches have indicated that Universal Life is not a very good investment option. Guaranteed 6 interest seems pretty good to me though, and Im wondering if theres any way I could use this as a medium term savings account saving for a house in 5 years, for example? Are there restrictions on deposits and withdrawals on this type of account usually?  <response>: Double check your contract language to see if 6 is your guaranteed minimum interest rate. If it is, you might want to hold onto it because its impossible to find those kind of guaranteed returns in something as stable and risk free as that is. You could use it to somewhat safely park cash and pull it back out in the form of policy loans or partial surrenders. Be very careful thinking that it is self sustaining. UL products do not work like normal whole life products. The cost of insurance could rise and eventually eat away at all your cash value. Id suggest going and talking to rinsurance if you really want advice on working with a UL product. 