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Glossary   >   U   >   "Universal life" Definition            Universal life A whole life insurance product whose investment component pays a competitive interest rate rather than the below-market crediting rate. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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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.