Universal life

A whole life insurance product whose investment component pays a competitive interest rate rather than the below-market crediting rate. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • Universal Life — For the religious organisation founded in 1959 by Reverend Kirby J. Hensley, see Universal Life Church and for insurance company see Universal Life (Cyprus) Universal Life (German: Universelles Leben , unofficially abbreviated UL ) is the name of …   Wikipedia

  • universal life — A whole life insurance product whose investment component pays a competitive interest rate rather than the below market crediting rate. Bloomberg Financial Dictionary …   Financial and business terms

  • Universal Life Church — Leader Andre Hensley Geographical areas Worldwide Founder Kirby J. Hensley Origin May 2, 1962 Modesto, California Separation …   Wikipedia

  • Universal life insurance — Universal Life is a type of permanent life insurance based on a cash value. That is, the policy is established with the insurer where premium payments above the cost of insurance are credited to the cash value. The cash value is credited each… …   Wikipedia

  • universal life insurance — see life insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. universal life insurance …   Law dictionary

  • universal life insurance — universal life, adj. a type of insurance in which the payments of the insured are placed in an investment fund, earnings from which pay the premium on term life insurance while any remainder continues to increase the policy s value. Also called… …   Universalium

  • universal life insurance — universal life, adj. a type of insurance in which the payments of the insured are placed in an investment fund, earnings from which pay the premium on term life insurance while any remainder continues to increase the policy s value. Also called… …   Useful english dictionary

  • Universal Life Insurance — A type of flexible permanent life insurance offering the low cost protection of term life insurance as well as a savings element (like whole life insurance) which is invested to provide a cash value buildup. The death benefit, savings element and …   Investment dictionary

  • Universal Life Church — La Iglesia de la Vida Universal es una organización religiosa que ofrece a todas las personas la ordenación gratuita y libre como ministro de su religión sin requerirse proceso de ordenación como en otras religiones. La ordenación debe ser hecha… …   Wikipedia Español

  • Universal Life (Cyprus) — Infobox Company company name = Universal Life company vector company type = genre = foundation = 1970 founder = location city = Nicosia location country = Cyprus location = origins = key people = area served = Cyprus, Greece industry = Insurance… …   Wikipedia

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