A type of life insurance policy that provides for premium flexibility, an adjustable face amount of death benefits, and current market interest rates on the savings element.

The key characteristic of universal life insurance is flexibility. Within limits, a policyholder can choose the amount of insurance and the premium they want to pay. The policy will stay in force as long as the policy value is sufficient to pay the costs and expenses of the policy. The policy value is "interest-sensitive," which means tha [..]

A combination flexible premium, adjustable life insurance policy.

A very flexible life insurance product that pays much higher interest than conventional whole life and allows the insured to adjust the premium and death benefits.

Universal life is a type of permanent life insurance. Universal life combines a savings component (called cash value) with a lifelong death benefit; as long as you pay the premium, coverage lasts as long as you live. Universal life typically offers flexible premium and death benefit options.

Universal life insurance is a type of permanent insurance that offers flexible premiums and a flexible death benefit. Your tax-deferred cash value account accumulates at least the guaranteed rate of interest, but may accumulate at a higher rate if market rates are higher than the guaranteed rate. You can use the money in your cash value account to [..]

A type of whole life insurance that offers some additional features and advantages. Like whole life insurance, universal life insurance accumulates cash value through investment of the premium payment [..]

Permanent life insurance that allows the policyholder to vary the amount and timing of premiums and, by extension, the death benefit. Universal life insurance policies accumulate cash value which grows tax deferred. Several factors will affect the cost and availability of life insurance, including age, health, and the type and amount of insurance p [..]

A whole life insurance product whose investment component pays a competitive interest rate rather than the below-market crediting rate.

see life insurance

adjustable life insurance under which premiums and coverage are adjustable, company expenses are not specifically disclosed to the insured but a financial report is provided to policyholder's ann [..]

A flexible-premium life insurance policy that allows the policyholder to change the death benefit and vary the amount or timing of premium payments.

Universal life insurance is an insurance contract that remains in force for the insured's lifetime, pays a benefit to designated beneficiaries upon the insured's death, and builds a cash val [..]

A type of life insurance that combines a death benefit with a savings element that accumulates tax deferred at current interest rates, subject to change, but with a guaranteed minimum. Under a univers [..]

A combination of term life insurance with a savings plan. This approach provides more flexibility as to the death benefit and insured contributions.

A type of life insurance policy that allows the holder to vary the amount and timing of premiums and change the death benefit based on the policyholder's changing needs and circumstances. It usua [..]

Permanent life insurance that allows the policyholder to vary the amount and timing of premiums and, by extension, the death benefit. Universal life insurance policies accumulate cash value which grow [..]

A life insurance policy that allows flexibility of premium payments which may affect the benefit to be paid and/or the length of time coverage is in force.

A flexible premium life insurance policy under which the policyholder may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or t [..]

A flexible premium policy that combines protection against premature death with a type of savings vehicle, known as a cash value account, that typically earns a money market rate of interest. Death be [..]

A type of life insurance characterized by flexible premiums, face amounts and death benefit amounts.

A flexible premium life insurance policy under which the policyholder may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or t [..]

A type of permanent life insurance that allows you, after your initial payment, to pay premiums at any time, in virtually any amount, subject to certain minimums and maximums. This policy also permits the insured to reduce or increase the death benefit more easily than under a traditional whole life policy. To increase a death benefit, the insuranc [..]

A form of 'interest sensitive' whole life insurance that offers within certain limits flexibility in the amount, method and timing of premium payments.

A type of permanent life insurance policy that offers the low-cost protection of term life insurance as well as a savings element, which is invested to allow for cash value to build up over time. The [..]

A flexible premium life insurance policy under which the policyowner may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or ti [..]

A type of permanent life insurance that combines term life insurance and an investment feature into one contract. Universal Life insurance policies generally offer flexible premium payments.

A permanent life insurance product that builds cash value at an interest-crediting rate declared by the company. Within certain limits, you can choose the premium you wish to pay, and this affects the policy's cash value. Each month, a monthly deduction to cover the cost of the insurance protection provided by the policy is deducted from the p [..]

A permanent life insurance policy where the policyholder controls the premium and death benefit amounts. The cash value earns interest, can be used to pay the policy premiums, but can lose value.

A flexible premium policy that combines protection against premature death with a type of savings vehicle, known as a cash value account, that typically earns a money market rate of interest. Death be [..]

Universal life insurance (like whole life insurance) provides coverage for your entire life and builds up savings over time. Unlike whole life, you can use the interest from your accumulated savings t [..]

A type of permanent life insurance that combines term life insurance and an investment feature into one contract. Universal Life insurance policies generally offer flexible premium payments.

An adjustable Life Insurance policy with a flexible premium that can be configured by the policyholder to become Permanent Life Insurance.

A permanent life insurance plan that provides life insurance and includes a cash value with a wide range of investment options for tax-sheltered growth of the cash value.

A flexible premium policy that combines protection against premature death with a type of savings vehicle, known as a cash value account, that typically earns a money market rate of interest. Death be [..]

A combination flexible premium, adjustable life insurance policy.

A flexible premium policy that combines protection against premature death with a type of savings vehicle, known as a cash value account, that typically earns a money market rate of interest. Death be [..]

A type of permanent life insurance that gives the policy owner flexibility with regard to the face amount and premium amounts, which can be modified to respond to changing needs and circumstances. Man [..]

A flexible premium Life Insurance Policy under which the policyholder may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or t [..]

Permanent life insurance that allows the policyholder to vary the amount and timing of premiums and, by extension, the death benefit. Universal life insurance policies accumulate cash value which grow [..]

Permanent life insurance that allows the policyholder to vary the amount and timing of premiums and, by extension, the death benefit. Universal life insurance policies accumulate cash value which grows tax deferred. Several factors will affect the cost and availability of life insurance, including age, health, and the type and amount of insurance p [..]

An adjustable Universal Life insurance policy provides both a death benefit and an investment component called a cash value. The cash value earns interest at rates dictated by the insurer. The policyholder may accumulate significant cash value over the years and, in some circumstances, "borrow" the appreciated funds without paying taxes o [..]

Universal life insurance (often shortened to UL) is a type of cash value life insurance, sold primarily in the United States. Under the terms of the policy, the excess of premium payments above the cu [..]