Group Universal Life Policy

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Group Universal Life Policy (GULP)

Universal life insurance on a group basis. See: Group insurance.

Group Universal Life Policy

A universal life insurance policy that one purchases as a member of a collective group. A universal life insurance policy operates much like a whole life policy, with the main difference being that the interest earned on the savings portion of the policy can be used to pay premiums. If a large number of people pool their resources to buy a universal life policy that covers them individually, they are said to buy a group universal life policy.
References in periodicals archive ?
The video, by comedy trio Hot Gulp, has gone viral, being viewed more than 400,000 times on YouTube.
But the main problem with Gulp is that in contrast with death and its aftermath--or sex, unfortunately, for many--we are already very closely acquainted with our digestive systems.
That seventh free cup can be an extra-large coffee or the biggest of Big Gulps.
One Gulp, (right) ridden by Dominic Elsworth, wins at Kempton last month
The secret of Steve's TV appeal might be called, I suppose, the Gulp Factor.
Ron Gulp, vice president of public affairs, came to Sears in 1993.
Thus Republic's slogan: "Sip by sip, not gulp by gulp.
The Big Gulp guitar cup comes in both blue and red and has its own custom guitar strap and straw.
In the last week 160 anglers caught 345 trout, with Orange and Yellow Gulp Eggs, Chartreuse PowerBait Eggs, Magic Dust, and worm the best baits and Black and Peacock Spider, and Bibio the top patterns.
DOMINIC ELSWORTH enjoyed a red-letter day with a 385-1 treble topped by a Listed win on One Gulp.