Universal life insurance - A combination of term life insurance and a savings element which is invested to provide a cash value build up. The policy is flexible in that the death benefit, savings element and premiums can be reviewed and altered from time to time as a policyholder"s circumstances change.
Universal life insurance : a combination of term life insurance and a savings element which is invested to provide a cash value build up. the policy is flexible in that the death benefit, savings element and premiums can be reviewed and altered from time to time as a policyholder"s circumstances change.