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universal life insurance

American  

noun

  1. 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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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Indexed universal life insurance is a type of permanent life insurance with returns linked to a stock-market index rather than a direct stock investment.

From MarketWatch • Apr. 1, 2026

Indexed universal life insurance is also being sold to a lot of young people who don’t have kids and who don’t need any type of permanent life insurance, Rice says.

From MarketWatch • Apr. 1, 2026

So they’ll sometimes recommend whole or universal life insurance policies, which allow for stock market investment on the side.

From Slate • Nov. 2, 2016

These financial woes, along with his purchase of the universal life insurance shortly before the fire, combined to form the alleged motive.

From Slate • Aug. 15, 2015

The government alleged that Digati bought variable universal life insurance from the insurer, which was not identified.

From Reuters • Mar. 8, 2010

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