PERSONAL FINANCE GLOSSARY

U.S. Savings Bonds

U.S. Treasury Bill

U.S. Treasury Bond

U.S. Treasury Note

U.S. Treasury Securities

Underwriter

Uniform Simultaneous Death Act

Unilateral

Uninsurable Risk

Universal Life Insurance

Unlimited Marital Deduction

Unsecured Debt

A life insurance policy that combines term insurance with a side investment fund. While universal life offers flexibility regarding premium payments and the amount of coverage, it is also interest sensitive.