MLchartDataset catalogue

Universal life insurance

Term · Law · MLC-T-LAW-005096

A type of flexible permanent life insurance offering a death benefit and a cash value component. Policyholders can adjust premium payments and death benefits within certain limits. The cash value grows tax-deferred and can be accessed through withdrawals or loans, providing financial flexibility not found in term life policies.

Table 1. Record
IdentifierMLC-T-LAW-005096
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005096",
  "term": "Universal life insurance",
  "field": "Law",
  "definition": "A type of flexible permanent life insurance offering a death benefit and a cash value component. Policyholders can adjust premium payments and death benefits within certain limits. The cash value grows tax-deferred and can be accessed through withdrawals or loans, providing financial flexibility not found in term life policies.",
  "url": "https://mlchart.com/terminology/law/universal-life-insurance/"
}

Record 5,216 of 5,445 in Law terminology (MLC-0107). Request the full dataset.