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universal-life

  • a word derived from universal life insurance.
    universal life insurance
    noun
    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.

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Assessing Where You Are It's easy to see why universal-life policyholders are frustrated.

From The Wall Street Journal ● Nov. 17, 2012

In contrast, many universal-life buyers pay flexible premiums and sometimes use returns on the cash-value account to pay for the policy's future costs.

From The Wall Street Journal ● Nov. 17, 2012

In 2008, about 40% of overall premiums came from universal-life coverage.

From The Wall Street Journal ● Nov. 17, 2012

For some savers, their existing universal-life insurance policies, which rise without incurring taxes, are working out just fine.

From The Wall Street Journal ● Nov. 17, 2012

For that reason, term-insurance premiums may be only 20% of what customers pay for the more common whole-life and universal-life policies, which still make up about 89% of the U.S. market.

From Time Magazine Archive

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