Universal life insurance is a type of policy where a person is allowed to choose a premium and the benefit. It allows a person to opt for a long-term/permanent protection with a lower premium. More »

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Universal life insurance and whole life insurance are both forms of permanent life insurance, but there are several differences between the two types. Universal life insurance is more flexible, notes Investopedia. This m... More »

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Whole life insurance plans come with a guaranteed accumulation of cash value and unchanging premiums, whereas universal plans include customizable death benefits, savings and premiums. Whole life insurance offers protect... More »

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A term life insurance policy is a straight-forward product where a person pays monthly premiums in exchange for a guaranteed death benefit. It is called a "term" policy because it covers the insured person for a certain ... More »

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A life insurance beneficiary is a person or party named in a life insurance policy to get the death benefit, according to the Insurance Information Institute. Policyholders can designate one or more people as beneficiari... More »

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Indexed universal life insurance provides most of the features found in other universal life policies with the added option of investing a part of the policy equity in the performance of one of the major stock indexes. T... More »

www.reference.com Business & Finance Insurance

Universal life insurance and whole life insurance are both forms of permanent life insurance, but there are several differences between the two types. Universal life insurance is more flexible, notes Investopedia. This m... More »

www.reference.com Business & Finance Insurance