Universal Life Insurance
Universal life insurance is a type of life insurance that combines a death benefit with a savings component, allowing policyholders to build up a cash value that they can borrow against or withdraw. Universal life insurance policies may have flexible premiums and death benefits, and may offer policyholders the option to adjust their coverage over time. Continue Reading Below
Encyclopedia Articles
Discover the definition of financial terms related to universal life insurance.

IUL Life Insurance: How Indexed Universal Life Works, What It Costs, and Who It Fits
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Adjustable Life Insurance: Explained, Examples, and Strategies
SuperMoney Team

Permanent Life Insurance: What Is It and How Does It Work?
Emma Dillon

What Is Life Insurance? Types, Coverage, and How It Works
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Life Insurance: What Is The Needs Approach, Examples & Its Importance
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Add to Cash Value Option in Life Insurance: Definition, Benefits, and Real-life Examples
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Unbundled Life Insurance Policies: Flexibility, Benefits, and Examples
SuperMoney Team

Group Carve-Out Plans: Definition, Benefits, and Limitations
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Cash Value Life Insurance: What Is It & How Does It Work?
Emma Dillon
