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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

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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 Thumbnail

IUL Life Insurance: How Indexed Universal Life Works, What It Costs, and Who It Fits

Andrew Latham

Adjustable Life Insurance: Explained, Examples, and Strategies Thumbnail

Adjustable Life Insurance: Explained, Examples, and Strategies

SuperMoney Team

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

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

Emma Dillon

What Is Life Insurance? Types, Coverage, and How It Works Thumbnail

What Is Life Insurance? Types, Coverage, and How It Works

Andrew Latham

Automatic Premium Loans (APL): How They Work and Real-Life Examples Thumbnail

Automatic Premium Loans (APL): How They Work and Real-Life Examples

SuperMoney Team

Life Insurance: What Is The Needs Approach, Examples & Its Importance Thumbnail

Life Insurance: What Is The Needs Approach, Examples & Its Importance

Silas Bamigbola

Add to Cash Value Option in Life Insurance: Definition, Benefits, and Real-life Examples Thumbnail

Add to Cash Value Option in Life Insurance: Definition, Benefits, and Real-life Examples

Alessandra Nicole

Unbundled Life Insurance Policies: Flexibility, Benefits, and Examples Thumbnail

Unbundled Life Insurance Policies: Flexibility, Benefits, and Examples

SuperMoney Team

Group Carve-Out Plans: Definition, Benefits, and Limitations Thumbnail

Group Carve-Out Plans: Definition, Benefits, and Limitations

Alessandra Nicole

Cash Value Life Insurance: What Is It & How Does It Work? Thumbnail

Cash Value Life Insurance: What Is It & How Does It Work?

Emma Dillon

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Learn About Universal Life Insurance

Thumbnail for Blog Article: Life Insurance for Seniors: 8 Reasons You Need It & How to Get the Right Policy

Life Insurance for Seniors: 8 Reasons You Need It & How to Get the Right Policy

Heather Skyler

About 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.