Tag: MerriamWebster

Life Insurance | Definition of Life Insurance by Merriam-Webster

How It Works

Variable universal life insurance is a combination of variable life insurance and universal life insurance. Most notably, a variable universal life insurance policy allows you to change your premiums and death benefits (though this will change the coverage amount, of course). Buyers can also make one lump sum payment for their insurance.

A portion of the premium is invested in various instruments — bonds, mutual funds, etc. The value of those instruments changes daily (hence the name “variable universal life insurance policy”). If the value of these securities rises, insureds can sometimes apply those paper profits toward their premiums (which saves them money). Of course, if the investments don’t do well, the premium is still due. If there is enough cash value in the policy to cover the costs of the policy, the policy will stay in force (though some have a required premium for a set

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Definition of Personnel by Merriam-Webster

per·​son·​nel | ˌpər-sə-ˈnel How to pronounce personnel (audio)
1a : a body of persons usually employed (as in a factory or organization)

2 : a division of an organization concerned with personnel

Examples of personnel in a Sentence

Women are also underrepresented as police force members, composing less than 13 percent of sworn personnel, despite the proven benefits of having more women in blue, such as less use of excessive force and improved response to domestic violence. — Cortney Rock, Ms., Winter 2007 When the staff returned to the Oval Office, Bush’s mood was upbeat, according to a White House aide who was present (and who, like all White House personnel quoted in this story, follows a policy of not being quoted by name). — Richard Wolffe et al., Newsweek, 19 June 2006 The doorway that sheltered them from the

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