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Universal life insurance


Provides lifelong coverage with flexible premiums and an investment component. You can adjust your payments and how the cash value is invested.

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Related Terms

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Life insurance

A contract where you pay regular premiums to an insurer, and in return, they pay...

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Term life insurance

Life insurance that covers you for a set period, like 10, 20, or 30 years....

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Whole life insurance

Life insurance that provides lifelong coverage with fixed premiums. It also builds a cash value...

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