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 ?
Buy 6-Get 7th Free' Includes Coffee, Big Gulp, Slurpee, Chillers Drinks
He sits down, orders a beer, downs it in one gulp, walks over to the window, and jumps out Five minutes later, he walks into the bar again, orders another beer, downs it in a oner, walks over to the window, and jumps out again.
The little gulp constitutes the power stroke of the nanoengine, and on this scale it's a mighty one, notes Regan.
the average person gulps down 363 bottles of Coke a year, a number that hasn't grown much over the last 10 years.
It was between gulps of convulsive laughter that she informed us that the title of a work by Dennis O'Connor and Phillip Adams was not Mitsy and Beade in East Seattle but Mitsy and Beade Eat the Apple.
Each city's tickets are select offers designed to showcase that city's distinctive sites, whether visitors want to take their art, history, culture or cityscape in sips or gulps.
Mostly an exercise in enthusiastic wheel-spinning, the collection does provide some good laughs and sly interpersonal observations between tokes and gulps.
Profiles of individual fish species appear throughout the text and bring to light many varieties that possess unusual characteristics for adapting to their environment, for example, the spiny puffer fish gulps so much water that it becomes too big for its predators to eat.
And Reese (Justin Berfield) is appalled to discover where babies get their milk: ``My god,'' he gulps, ``women are the cows of people.
Triple-digit temperatures forecast for the San Fernando Valley have already sent residents scurrying for their Big Gulps, sun umbrellas and cool relief.
A research team at the University of Texas at Austin had searched for resonance by tucking frogs into bags of helium to see whether their calls turned squeaky, much as gulps of helium from a birthday balloon change the resonant properties of the human vocal tract to produce a Mickey Mouse voice.
Then, after coming up for a few gulps of air, they were buried at sea.