Universal life

For the religious organisation founded in 1959 by Reverend Kirby J. Hensley, see Universal Life Church. Universal Life (German: Universelles Leben) is the name of a controversial new religious movement, which is described by members as a part of the new revelation movement. The group originally called itself Heimholungswerk Jesu Christi, and is known since 1984 as Universal Life. It is often abbreviated UL, but the group does not use this abbreviation itself.
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A whole life insurance product whose investment component pays a competitive interest rate rather than the below-market crediting rate.