universal life insurance

The product innovation shall focus upon R& D efforts of participant life insurance, variable life insurance and universal life insurance.

产品创新应将主要精力放在研究和开发分红保险、变额保险和万能保险上。

In order to highlight specifically the unique attributes of insurance, it is worth focusing on those services that are not provided by other financial services providers, excluding for instance the Contractual Savings features of whole or universal life products.

为了特别强调保险业的独特属性，本文着力探讨那些未由其他金融服务提供商提供的服务，但像终身或万能寿险产品的契约储蓄功能除外。

With the development of life-insurance, there are the innovation products of life-insurance in the insurance market, including Variable life insurance, Universal life, Variable universal life and Life Participating.

随着人寿保险市场发展，人寿保险产品也不断推陈出新，在传统保障性产品的基础上出现了变额寿险、万能寿险、变额万能寿险、分红险等新型寿险产品。

Firstly, this thesis indicates that two major Investment-oriented Insurances named Investment-linked Life Insurance and Universal Life Insurance exist in the current insurance market in China, with analyzing the reasons of appearance, definitions and characters of Investment-oriented Insurance.

本文先予分析投资型保险之产生缘由、定义和特征，指出我国目前保险市场存在的两种主要投资型保险品种：投资连结保险和万能保险。

Calculation of the internal rate of return of universal life insurance product and analysis on relevant factors

万能寿险内在收益率测算与影响因素分析