Net Interest/Net Rate of Return

The net interest rate on a UL policy is the interest rate which the insurance company is paying on cash values. Keep in mind, an insurance company will typically make a 1.5% - 2% higher rate of return on their investments than they credit to your policy. On a variable universal life (VUL) contract, the net investment rate of return is the rate of return after subtracting the asset management fees. Be careful when comparing UL with VUL. UL is usually quoted with a net rate of return, while VUL is quoted with a gross rate of return. If a consumer fails to adjust for this, any comparison is meaningless.

Re-entry Premiums
Preferred Underwriting
Universal Life and Universal Variable Life (more detail)
Retaining Tax Benefits of Life Insurance
Graded Premium Whole Life
Problems with Underfunding a Universal Life Contract