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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.

Guideline Premium and Corridor Test (GPT): Meaning, Implementation, and Importance Thumbnail

Guideline Premium and Corridor Test (GPT): Meaning, Implementation, and Importance

Dan Agbo

Universal Life Insurance: What It Is & How It Works Thumbnail

Universal Life Insurance: What It Is & How It Works

Lacey Stark

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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.