universal life insurance

American

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.

Other Word Forms

universal-life

adjective

Example Sentences

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universal life insurance

Indexed universal life insurance policies have a very specific purpose that can help families, if used correctly.

From The Wall Street Journal ● Jun. 23, 2026

Dollar Signs: Instagram shows me at least 4 ads a day for indexed universal life insurance.

From MarketWatch ● Apr. 16, 2026

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

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

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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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023