Index
Last
Change
NASDAQ6629.0532  chart
+23.9863
S&P 5002575.21  chart
+13.11
2017-10-20 05:15

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.