8e45597f_ossary___MicroInsurance_Centre__Term
[Definition] Unlike traditional cash-value policies (known as "whole life"), universal life policy returns were freed from long-term, fixed-rate contracts and replaced with policies whose returns were tied to short-term interest rates and periodically adjusted. In addition, the policyholder can change premiums and death benefits. [Term] 
Universal life insurance
Glossary - MicroInsurance Centre
Term