Financial Glossary what is universal-life-insurance


Universal Life Insurance

Life insurance that is a combination of low-cost term life insurance and a savings element that is invested to provide a cash value build up. The policy is flexible in that the death benefit, savings element and premiums can be reviewed and altered from time to time as a policyholders circumstances change. Additionally, the inner workings of the investment process are openly displayed to the holder, in contrast to the case of whole life investments.
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