MLchartDataset catalogue

Universal life insurance

Term · Insurance and risk management · MLC-T-INS-003436

A type of flexible permanent life insurance that combines a death benefit with a savings component, allowing policyholders to adjust premium payments and death benefits. The cash value grows on a tax-deferred basis, earning interest at a variable rate. Policyholders can often access the cash value through loans or withdrawals.

Table 1. Record
IdentifierMLC-T-INS-003436
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003436",
  "term": "Universal life insurance",
  "field": "Insurance and risk management",
  "definition": "A type of flexible permanent life insurance that combines a death benefit with a savings component, allowing policyholders to adjust premium payments and death benefits. The cash value grows on a tax-deferred basis, earning interest at a variable rate. Policyholders can often access the cash value through loans or withdrawals.",
  "url": "https://mlchart.com/terminology/insurance/universal-life-insurance/"
}

Record 3,576 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.