Type of whole life insurance with flexible premiums, adjustable protection, and company expenses disclosed in the policy to the purchaser. They are separated so that each can be analyzed for premium rates and cash value. Also called unbundled life insurance .
Insurance Encyclopedia
Universal mercantile system (Property Insurance)
A process largely being replaced by a newly developed system to rate property insurance risks.
Universal Postal Union
Organization which negotiates international mail charges.
Universal precautions
Protective safety measures used by medical personnel to avoid and minimize infection when exposed to bloodborne pathogens, infectious materials, and viruses.
universal resource locator (URL)
String of characters that identifies the location of a document on the Internet (World Wide Web).