universal life

Definition of "universal life"
  1. A type of life insurance that offers flexibility in premiums and varying protection levels, and reveals costs and fees to the buyer
How to use "universal life" in a sentence
  1. He decided to opt for universal life insurance because of its flexible payment structure.
  2. Unlike other insurance policies, universal life discloses all costs and fees upfront.
  3. With changing financial circumstances, a universal life policy provided her the necessary adjustability.

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