Group universal life policy (GULP)

Group universal life policy (GULP),

Definition of Group universal life policy (GULP):

  1. A type of US life insurance policy that is offered to a specific group of people. It is offered to potential policy holders for a lower rate than what individuals may find if they seek universal life insurance on their own. These can be provided to all the employees of a business, for instance.

Meaning of Group universal life policy (GULP) & Group universal life policy (GULP) Definition

Group Universal Life Policy (GULP),

What is The Definition of Group Universal Life Policy (GULP)?

  • The term Universal Group Life Insurance refers to a form of universal life insurance that is offered to a group of people at a price generally lower than that offered to individuals. Universal Group Life Insurance is usually purchased by companies that want to offer life insurance to their employees. These policies provide permanent insurance coverage for all policyholders and increase their savings.

    • Universal group life insurance is universal life insurance that is offered to a group of people at a lower price than what is usually offered to individuals.
    • Employers can cover all insurance costs or share premiums with employees by deducting taxes before taxes.
    • The guide also has a savings component that allows you to deposit cash into a fixed rate guaranteed account.
    • Employees can withdraw money at any time without paying taxes or allow cash flow.

Literal Meanings of Group Universal Life Policy (GULP)

Group:

Meanings of Group:
  1. Multiple people or objects that are around or seen together or categorized.

  2. Collect or place in one or more groups.

Sentences of Group
  1. These bodies are divided into four different groups

  2. There were three wooden chairs around the dining table

Synonyms of Group

class, category, batch, grouping, bunch, variety, breed, type, mass, classification, set, family, bracket, style, species, kind, genus, sort, gather together, clump, assemble, cluster, lot, amass, collect

Universal:

Meanings of Universal:
  1. Through all the people or things in the world, affected or by them or in a particular group that applies to all matters.

  2. The person or thing that has a universal effect, currency or application.

  3. Film producer Carl Limel was formed in 1912 and was one of the first studios to move from New York to Los Angeles. The company merged with MCA (Music Corporation of America) in 1962. The company co-starred with Abbott and Costello in the Sherlock Holmes film series with Basel Rathbone and Nigel Bruce, and at the box office in films such as ET The Extraterrestrial (1982).

Sentences of Universal
  1. Universal benefits for adults

Synonyms of Universal

all-embracing, all-inclusive, general, comprehensive, common, omnipresent, ubiquitous, across the board, all-round

Life:

Meanings of Life:
  1. A condition that distinguishes animals and plants from non-essential substances, including pre-death growth, reproduction, function, and the ability to change permanently.

  2. Existence of the same human or animal.

  3. The time between the birth and death of living human beings, especially human beings.

  4. Significance, power or energy.

  5. (In art) Representation of an article from a real model rather than the artist's imagination.

Sentences of Life
  1. The essence of life

  2. A catastrophe that killed 266 Americans

  3. He spent his entire life in the countryside

  4. She is beautiful and full of life

  5. Your poses and clothes are taken from life

Synonyms of Life

duration of life, creature, individual, exuberance, bounce, elan, vivacity, activity, one's career, dash, liveliness, living, lifetime, vigour, this mortal coil, drive, animateness, energy, gusto, buoyancy, mortal, brio, high spirits, vitality, animation, fire, course of life

Policy:

Meanings of Policy:
  1. The practices or principles adopted or proposed by the government, party, company or individual.

Synonyms of Policy

stratagem, approach, blueprint, guidelines, theory, intentions, system, notions, plans, proposed action, line, attitude, stance, code, strategy, position, schedule, programme, scheme

GULP:

Meanings of GULP:
  1. It is common to swallow (drink or eat) quickly or in large bites.

  2. The act of swallowing food.

Sentences of GULP
  1. She smiled and swallowed the milk

  2. Drink the rest of the coffee in one gulp

Synonyms of GULP

swallow, down, swill down, quaff

Group Universal Life Policy (GULP),

Group Universal Life Policy (GULP) Meanings:

  1. The term universal group life insurance refers to a form of universal life insurance that is offered to a group of people at a lower cost than people. Group life insurance is often issued by companies that want to offer life insurance to their employees. This policy provides permanent insurance coverage to every policyholder with the possibility of increasing their savings.

    • Universal Group Life Insurance is a universal life insurance that is offered to a group of people at a low price that is normal for an individual.
    • Employers can share the full cost of insurance or premium with employees by deducting regular pre-tax wages.
    • The policy also complements a savings component that allows you to deposit money into a guaranteed account with a fixed interest rate.
    • Employees can withdraw or waive tax-free money at any time.

Literal Meanings of Group Universal Life Policy (GULP)

Group:

Meanings of Group:
  1. Multiple people or things that are located together, grouped together or categorized.

  2. A series of elements occupy a column in a periodic table and, due to their similar electronic structure, have mostly identical properties.

  3. A combination of elements with associative binary operations in which each element and the identifying element are inverted.

  4. (In systematic grammar) The structural level between sentences and words that corresponds mostly to other grammar sentences.

  5. Put in one or more groups.

Sentences of Group
  1. A group of boys is approaching.

  2. Three chairs were gathered around the table.

Synonyms of Group

grade, status, range, body, crowd, arrange, marshal, gang, organize, rank, troop, congregation, company, collection, party, gathering, assembly, flock, grading, line up, dispose

Universal:

Meanings of Universal:
  1. Applies in any case to all people or things in the world or to a particular group or created.

  2. Anything that has a universal effect, currency or application.

Sentences of Universal
  1. Universal adult suffrage

Synonyms of Universal

international, worldwide, rampant, catholic, pervading, sweeping, inescapable, global, blanket, permeating, pervasive, widespread

Life:

Meanings of Life:
  1. Conditions that distinguish animals and plants from inorganic matter, including growth, reproduction, active activity, and permanent changes before death.

  2. The period between the birth and death of living things, especially humans.

Sentences of Life
  1. The disaster killed 266 people.

Synonyms of Life

enthusiasm, time on earth, one's time, get-up-and-go, essence, push, substance, human being, survival, life span, verve, stir, person, movement, dynamism, élan vital, zing, quintessence, soul, panache, viability, lifeblood, sparkle, colour, creation, moving force, spiritedness, zest, bustle

Policy:

Meanings of Policy:
  1. An attitude or principle of action adopted or proposed by an organization or individual.

Sentences of Policy
  1. Controversial government policy

  2. I swear he has never been in politics in his life.

Synonyms of Policy

pattern, convention, practice, wont, custom, routine, procedure, way, matter of course, tack, mode, rule

GULP:

Meanings of GULP:
  1. Quickly or massively, often swallow audible bites.

  2. The process of swallowing food or drink.

Sentences of GULP
  1. He finished his last coffee.

  2. He finished his drink with a drink.

Synonyms of GULP

eat hungrily, toss off, swig, slug down, guzzle, pack away, demolish, stuff one's face with, knock back, bolt, gobble, chug, cram, neck, murder, shovel down, tuck into, gorb, devour, stuff, polish off, put away, wolf, drain one's glass, shift, gorge (oneself) on, eat greedily, pig oneself on

Group Universal Life Policy (GULP),

Group Universal Life Policy (GULP) means,

Meaning of Group Universal Life Policy (GULP): Margorita is a Certified Financial Planner (CFP®), Certified Retirement Planning Advisor (CRPC®), Certified Retirement Income Professional (RICP®) and Certified Socially Responsible Investment Advisor (CSRIC). He has worked in the financial planning industry for over 20 years and spends his days helping his clients with clarity, confidence and control over their financial lives.

  • Universal Group Life Insurance is universal life insurance that is offered to a group of people at a low price that is common to an individual.
  • Employers can cover the full cost of insurance or distribute premiums to employees through pre-tax wage deductions.
  • This policy is also covered by a savings component that allows you to deposit cash into a guaranteed account with a fixed interest rate.
  • Employees can withdraw tax-free cash at any time or leave cash.

Literal Meanings of Group Universal Life Policy (GULP)

Group:

Meanings of Group:
  1. Multiple people or things that are located, grouped, or classified together.

  2. A series of elements that occupy a column in a periodic table and, due to their identical electronic structure, have very similar characteristics.

  3. A set of elements with associative binary operations in which each element and identification element is reversed.

Sentences of Group
  1. There were three chairs around the table.

Synonyms of Group

band

Universal:

Meanings of Universal:
  1. Related to or made up of all people or things in the world or in a particular group, which applies to all matters.

Sentences of Universal
  1. Universal adult voting

Life:

Meanings of Life:
  1. Vitality, strength or energy.

  2. (In art) Representation of the subject according to a real model, not according to the imagination of an artist.

Sentences of Life
  1. Disaster in which 266 people were killed.

  2. Life-inspired poses and clothes

Synonyms of Life

effervescence, sentience, pep, allotted span, life force, core, days, business, entity, hustle and bustle, animating spirit, existence, threescore years and ten, moving spirit, oomph, aliveness, zip, strength, heart, vital spark, one's born days, vim, pizzazz, vital spirit

Policy:

Meanings of Policy:
  1. A practice or principle of action adopted or proposed by an organization or individual.

Sentences of Policy
  1. The government's controversial economic policy

GULP:

Meanings of GULP:
  1. Swallowing (eating and drinking) quick or large, often audible bites.

Sentences of GULP
  1. He drank the last coffee

  2. He finished his drink in one gulp.

Synonyms of GULP

scoff