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Universal life

• A whole life insurance product whose investment component pays a competitive interest rate rather than the below-market crediting rate.

 
 Embedded terms in definition
 Crediting rate
Interest rate
Interest
Life insurance
Whole life insurance
 
 Related Terms
 Average life
Deferred nominal life annuity
Depreciable life
Life annuity
Life annuity with period certain
Life expectancy
Life income with refund annuity
Life insurance
Life insurance companies
Life of contract
Term life insurance
Variable life insurance policy
Weighted average life
Whole life insurance

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