Glossary beginning with U
Insurance Glossary
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Click one of the letters above to be taken to a page of all terms beginning with that letter.
- Unit Trustsearch for term
- A financial product where money from investors is pooled together and invested collectively in investments such as shares and bonds.
- Universal Life Insurancesearch for term
- A form of 'interest sensitive' whole life insurance that offers within certain limits flexibility in the amount, method and timing of premium payments.
- Pays a death benefit.
- Builds up a cash value which can be borrowed from or withdrawn.
- Cash value earns interest at a rate that may change over time.
- Some plans guarantee a minimum interest crediting rate.
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