Final answer:
The cash value of a universal life policy can perform based on the market.
Step-by-step explanation:
Yes, the cash value of a universal life policy can perform based on the market. Universal life insurance policies typically have an investment component where a portion of the premium is allocated to a cash value account.
This cash value can be invested in various financial instruments such as stocks, bonds, or mutual funds. The performance of these investments can impact the growth of the cash value.