Life Insurance Terms
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UNIVERSAL LIFE INSURANCE

A flexible premium life insurance policy under which the policyowner may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or timing of premium payments. Premiums (less expense charges) are credited to a policy account from which mortality charges are deducted and to which interest is credited at rates which may change from time to time.

     
auto insurance
home insurance
life insurance
health insurance
long term care insurance
disability insurance
renters insurance
recreational insurance
commercial insurance
 

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