universal life insurance

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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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Also called universal-life insurance.

OTHER WORDS FROM universal life insurance

u·ni·ver·sal-life, adjective

Words nearby universal life insurance

universality, universalizability, universalize, universal joint, universal language, universal life insurance, universally, universal military training, universal mill, universal motor, universal negative

How to use universal life insurance in a sentence

His life as a man is built around health insurance and tax services.
Houellebecq’s Incendiary Novel Imagines France With a Muslim President|Pierre Assouline|January 9, 2015|DAILY BEAST
It was also an attack on our freedom of expression and way of life.
Politicians Only Love Journalists When They're Dead|Luke O’Neil|January 8, 2015|DAILY BEAST
I always wanted my life to be that way, and it became that way.
Coffee Talk with Fred Armisen: On ‘Portlandia,’ Meeting Obama, and Taylor Swift’s Greatness|Marlow Stern|January 7, 2015|DAILY BEAST
I liked it because it was like my life coming back together.
Coffee Talk with Fred Armisen: On ‘Portlandia,’ Meeting Obama, and Taylor Swift’s Greatness|Marlow Stern|January 7, 2015|DAILY BEAST

When the father arrived at the hospital, he was told that Andrew Dossi was in surgery, but the wounds were not life-threatening.
Shot Down During the NYPD Slowdown|Michael Daly|January 7, 2015|DAILY BEAST
Now, it immediately occurred to Davy that he had never in his whole life had all the plums he wanted at any one time.
Davy and The Goblin|Charles E. Carryl
Dean Swift was indeed a misanthrope by theory, however he may have made exception to private life.
Gulliver's Travels|Jonathan Swift
We shall recover again some or all of the steadfastness and dignity of the old religious life.
The Salvaging Of Civilisation|H. G. (Herbert George) Wells
It is the dramatic impulse of childhood endeavouring to bring life into the dulness of the serious hours.
Children's Ways|James Sully
The Vine is a universal favorite, and rarely out of view; while it often seems to cover half the ground in sight.
Glances at Europe|Horace Greeley