Universal life


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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.
References in classic literature ?
When he came first hither, he said, he used to tear the hair from his head, and the clothes from his back, as others had done before him; but a little time and consideration had made him look into himself, as well as round him to things without; that he found the mind of man, if it was but once brought to reflect upon the state of universal life, and how little this world was concerned in its true felicity, was perfectly capable of making a felicity for itself, fully satisfying to itself, and suitable to its own best ends and desires, with but very little assistance from the world.
Suddenly the bird darted out of the tree and away, and instantly he thought of the "fly buzzing about in the sun's rays" that Hippolyte had talked of; how that it knew its place and was a participator in the universal life, while he alone was an "outcast." This picture had impressed him at the time, and he meditated upon it now.
In the US, it is known as variable life or variable universal life. In the UK, it is known as unit-linked, owing to its roots in unit trusts.
Its segments are ordinary life, universal life, and accident and health.
Global Banking News-August 22, 2019--Allianz Life launches Allianz Life Pro+ Advantage Fixed Index Universal Life (FIUL) Insurance Policy
M2 EQUITYBITES-August 22, 2019--Allianz Life launches Allianz Life Pro+ Advantage Fixed Index Universal Life (FIUL) Insurance Policy
BANKING AND CREDIT NEWS-August 22, 2019--Allianz Life launches Allianz Life Pro+ Advantage Fixed Index Universal Life (FIUL) Insurance Policy
Aegon's subsidiary Transamerica announces an agreement that would resolve litigation challenging certain monthly deduction rate adjustments on universal life insurance policies in the United States.
Sales of universal life policies without guarantees rose to $43 million, from $31 million.
The $50 billion wedding industry is embracing a new trend courtesy of Universal Life Church (ULC), which has allowed individuals across the United States to become ordained ministers in a matter of minutes through its website. 

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