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.
Sales of indexed universal life insurance fell 5 percent in the third quarter of 2016 compared with the year-ago period.
Recent surveys show that sales of indexed universal life insurance products are trending right now, and while client interest in using indexed universal life as a retirement income source is stronger than ever, heightened regulatory scrutiny is similarly on the rise.
Suddenly, the individual universal life insurance product line again looks competitive.
In 2001 she bought a $750,000 variable universal life insurance policy, which doubles as an investment vehicle.
Garamendi has filed a lawsuit in a California state court seeking injunctive relief that accuses Universal Life Resources, San Diego, a broker, of participating in hidden compensation arrangements, such as hidden commission override agreements.
A subset of the whole-life market is universal life.
Chung and Skipper (1987) find a positive correlation between interest rates and projected universal life insurance surrender values for durations of ten years and longer (negative correlations for one year and five years).
And then there's universal life --Mark's choice--which borrows characteristics from both term and whole-life products.

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