follow Dictionary.com

Yours, Etc.: Origins and Uses of 8 Sign-Offs

universal life insurance

noun
1.
a type of insurance in which the payments of the insured are placed in an investment fund, earnings from which pay the premium on term life insurance while any remainder continues to increase the policy's value.
Also called universal-life insurance.
Related forms
universal-life, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source

Word of the Day

Word Value for universal

12
16
Scrabble Words With Friends