Index
Last
Change
NASDAQ6026.97  chart
+43.15
S&P 5002388.99  chart
+14.84
2017-04-25 12:25

Financial Glossary

u

Universal life insurance

A type of life insurance policy that combines term life insurance and a savings component. The savings component is invested and can, in certain cases, be used for a loan. The terms of the policy can be reviewed and changed as the policyholder’s life circumstances change.