What is universal variable insurance?
The Bankrate.com financial term of the day is: "universal variable insurance."
Universal variable insurance -- which also might be called variable universal insurance -- is a very flexible form of permanent life insurance intended to cover you for your entire life. You have options, including the stock market, for investing the cash reserve, or "cash value," portion of the policy. Compared to other life insurance, universal variable also gives you more control over the premiums you pay and the death benefit that will eventually be paid out.
Universal variable insurance is life insurance that gives you more power over your costs, investments and payout.
To get an insurance quote, visit the Insurance section at Bankrate.com.