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Group Universal Life Policy (GULP) |
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Group Universal Life Policy (GULP)Universal life insurance on a group basis. See: Group insurance.Group Universal Life Policy (GULP) Similar MatchesUniversal lifeUniversal lifeA whole life insurance product whose investment component pays a competitive interest rate rather than the below-market crediting rate. Universal stock futuresUniversal stock futuresA range of standardised futures contracts on the shares of individual companies.The futures contract is an agreement between buyer and seller to buy or sell a given quantity of shares at some time in the future at a pre-determined price. The contract is cash-settled, which means that the stock does not actually have to be delivered, but the parties reconcile accounts based on the difference between the share price at the time of settlement and the contract price.Other features:you can go long or shortthere is no stamp duty to payyou can trade on marginyou have access to a wide range of global equitiesIn January 2001 The London International Financial Futures and Options Exchange (LIFFE) launched universal stock futures on an international list of leading global companies from eight countries. Universal life insuranceUniversal life insuranceA combination of term life insurance and a savings element which is invested to provide a cash value build up. The policy is flexible in that the death benefit, savings element and premiums can be reviewed and altered from time to time as a policyholder's circumstances change. |
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