Universal Life is a type of permanent life insurance based on a cash value. That is, the policy is established with the insurer where premium payments above the cost of insurance are credited to the cash value. The cash value is credited each month with interest, and the policy is debited each month by a cost of insurance charge, and any other policy charges and fees which are drawn from the cash value if no premium payment is made that month. The interest credited to the account is determined by the insurer; sometimes it is pegged to a financial index such as a bond or other interest rate index. The potential advantage of the universal life policy is in its flexibility and the potential for greater cash value growth if the interest rates offered outperform the insurer's general account (that whole life policy cash value growth is based on). Universal life is more flexible than whole life in two primary ways: the death benefit and usually the premium payment are flexible.

Luxury SUV

A luxury SUV is a North American term for sport utility vehicles which have features that resemble other luxury vehicles. They are relatively expensive and have a higher emphasis and premium on comfort, quality, style and engineering, than their mainstream counterparts. Even though luxury SUVs do not necessarily feature more comfort or a higher quality than sedans, they tend to be more expensive than luxury sedans. The top-of-the-line SUVs of American and Japanese luxury car makers out price their flagship sedans. The flagship SUV Cadillac Escalade is a luxury SUV. In European automakers, where the flagship sedans are still priced above the top-of-the-line SUV. Mid-level luxury SUVs feature base MSRP's ranging approximately between $40K to $80K. Vehicles in this category include: Audi Q7, Porsche Cayenne S, Acura MDX, Cadillac Escalade, Volkswagen Touareg, Mercedes-Benz M-Class, Mercedes-Benz GL-Class, Volvo XC90, Saab 9-7X, Lincoln Navigator, Land Rover LR3, Land Rover Range Rover Sport, Lexus GX, Lexus RX 400h, BMW X5, Infiniti QX56, Toyota Land Cruiser, Toyota Prado and Infiniti FX. High-end luxury SUVs. Vehicles in this category include: Mercedes-Benz G-Class, Lexus LX, Porsche Cayenne Turbo, and Land Rover Range Rover.