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Universal life insurance

Index Universal life insurance

Universal life insurance (often shortened to UL) is a type of cash value life insurance, sold primarily in the United States of America. [1]

24 relations: Bond (finance), Bond market index, Dow Jones Industrial Average, Equity-indexed annuity, Financial Industry Regulatory Authority, Golden handcuffs, Index (economics), Interest, Interest rate, Internal rate of return, Investment Advisers Act of 1940, Life annuity, Life insurance, Life insurance trust, Modified endowment contract, Mutual fund, Russell 2000 Index, S&P 500 Index, Separate account, Stock, Term life insurance, The Pirates of Manhattan, Variable universal life insurance, Whole life insurance.

Bond (finance)

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders.

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Bond market index

A bond index or bond market index is a method of measuring the value of a section of the bond market.

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Dow Jones Industrial Average

The Dow Jones Industrial Average (DJIA), or simply the Dow, is a stock market index that shows how 30 large, publicly owned companies based in the United States have traded during a standard trading session in the stock market.

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Equity-indexed annuity

An indexed annuity (the word equity previously tied to indexed annuities has been removed to help prevent the assumption of stock market investing being present in these products) in the United States is a type of tax-deferred annuity whose credited interest is linked to an equity index — typically the S&P 500 or international index.

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Financial Industry Regulatory Authority

In the United States, the Financial Industry Regulatory Authority, Inc. (FINRA) is a private corporation that acts as a self-regulatory organization (SRO).

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Golden handcuffs

Golden handcuffs, a phrase first recorded in 1976, refers to financial allurements and benefits that have the objective to encourage highly compensated employees to remain within a company or organization instead of moving from company to company (or organization to organization) (opposite of a golden parachute).

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Index (economics)

In economics and finance, an index is a statistical measure of changes in a representative group of individual data points.

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Interest

Interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (i.e., the amount borrowed), at a particular rate.

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Interest rate

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).

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Internal rate of return

The internal rate of return (IRR) is a method of calculating rate of return.

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Investment Advisers Act of 1940

The Investment Advisers Act of 1940, codified at through, is a United States federal law that was created to monitor and regulate the activities of investment advisers (also spelled "advisors") as defined by the law.

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Life annuity

A life annuity is an annuity, or series of payments at fixed intervals, paid while the purchaser (or annuitant) is alive.

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Life insurance

Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

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Life insurance trust

A life insurance trust is an irrevocable, non-amendable trust which is both the owner and beneficiary of one or more life insurance policies.

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Modified endowment contract

A modified endowment contract is a cash value life insurance contract in the United States where the premiums paid have exceeded the amount allowed to keep the full tax treatment of a cash value life insurance policy.

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Mutual fund

A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

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Russell 2000 Index

The Russell 2000 Index is a small-cap stock market index of the bottom 2,000 stocks in the Russell 3000 Index.

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S&P 500 Index

The Standard & Poor's 500, often abbreviated as the S&P 500, or just the S&P, is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.

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Separate account

A separate account is a segregated accounting and reporting account held by an insurance company not in, but rather "separate" from its general account.

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Stock

The stock (also capital stock) of a corporation is constituted of the equity stock of its owners.

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Term life insurance

Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term.

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The Pirates of Manhattan

The Pirates of Manhattan is a book on American finance written by author Barry Dyke.

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Variable universal life insurance

Variable universal life insurance (often shortened to VUL) is a type of life insurance that builds a cash value.

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Whole life insurance

Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called "straight life" or "ordinary life," is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date.

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Universal life policy.

References

[1] https://en.wikipedia.org/wiki/Universal_life_insurance

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