A pair of new, flexible-premium universal life insurance products may increase holders’ ability to accumulate cash value.

Protective Life Insurance Company and West Coast Life Insurance Company, units of Protective Life Corp., Birmingham, Ala., will be offering the new cash value accumulation feature with the Protective Centennial G II PLUS Universal Life policy and the West Coast LifeTime Platinum Plus UL policy, according to Protective Life.

Each policy offers the same lapse-protection guarantee offered by other policies in the Protective Centennial G II and West Coast LifeTime Platinum III product families.

Protective Life Insurance and West Coast LifeTime are responsible for backing the product guarantees.