Universal Life Insurance: What's Guaranteed And What's Not

Guaranteed universal life insurance (GUL) is a type of permanent life insurance that offers lifelong coverage with fixed premiums and a guaranteed death benefit. GUL policies are designed to be affordable, with premiums that are often cheaper than other types of permanent life insurance. This is because GUL policies focus on providing a death benefit rather than growing cash value. GUL policies also offer flexibility, allowing you to choose the length of coverage, which can range from 20 years to the rest of your life.

Guaranteed universal life insurance is a low-cost permanent life insurance policy

Guaranteed universal life insurance (GUL) is a low-cost permanent life insurance policy that provides a guaranteed death benefit for your beneficiary. GUL policies are more affordable than other permanent life insurance options because they focus on the death benefit rather than growing cash value. This means that the cash value that accumulates is minimal, if any.

GUL policies are also characterised by level (fixed) premiums, which remain the same throughout the life of the policy. When you apply for a GUL policy, you can choose the policy maturity date, which is typically when your coverage ends. The maturity date is expressed in terms of your age and often ranges from 90 to 121. The longer the guarantee period, the more expensive the premiums will be.

GUL was created as a cost-effective way for people to get long-term protection they can count on. Depending on your needs, you can secure coverage that lasts anywhere from 20 years to the rest of your life. The death benefit and length of coverage you choose are 100% guaranteed, provided you make your scheduled payments in full.

It provides a guaranteed death benefit for your beneficiary

Guaranteed universal life insurance (GUL) is a low-cost permanent life insurance policy that provides a guaranteed death benefit for your beneficiary. This means that your beneficiary will receive a payout when you pass away, no matter when that is. GUL policies are an affordable option as they focus on the death benefit rather than growing cash value. This means that premiums are usually cheaper than universal and whole life insurance policies.

When you apply for a GUL policy, you can choose the policy maturity date, which is typically when your coverage ends. The maturity date is expressed in terms of your age and often ranges from 90 to 121. The longer the guarantee period, the more expensive the premiums will be.

GUL policies are a good option if you want lifelong coverage with level premiums and a guaranteed death benefit. They are more affordable than other permanent life insurance options and provide the peace of mind that your beneficiary will receive a payout when you pass away.

It's important to note that GUL policies might include a cash value account, but the growth is minimal as the policy focuses on the death benefit instead. This means that you will have little, if any, cash value that you can use during your lifetime.

The policy focuses on the death benefit rather than growing cash value

Guaranteed universal life insurance (GUL) is a low-cost permanent life insurance policy that provides a guaranteed death benefit for your beneficiary. The policy focuses on the death benefit rather than growing cash value, meaning that premiums are usually cheaper than universal and whole life insurance policies.

GUL policies are a cost-effective way for people to get long-term protection. They offer lifelong coverage with level premiums and a guaranteed death benefit. Unlike other universal life insurance policies, GUL accumulates minimal, if any, cash value that you can use when you are alive. In exchange, it is more affordable than other permanent life insurance options.

When you apply for a GUL policy, you can choose the policy maturity date, which is typically when your coverage ends. The maturity date is expressed in terms of your age and often ranges from 90 to 121. The longer the guarantee period, the more expensive the premiums will be.

GUL policies are a convenient option for those seeking lifelong coverage. They provide a unique combination of long-term protection and flexibility, within limits. With a GUL policy, you can count on a death benefit no matter when you pass away and premium payments that will remain the same.

The longer the guarantee period, the more expensive the premiums will be

Guaranteed universal life insurance (GUL) is a type of permanent insurance offering lifelong coverage with level premiums and a guaranteed death benefit. It is a low-cost permanent life insurance policy that provides a guaranteed death benefit for your beneficiary. The longer the guarantee period, the more expensive the premiums will be.

GUL policies focus on the death benefit rather than growing cash value, so premiums are usually cheaper than universal and whole life insurance policies. When you apply for a GUL policy, you can choose the policy maturity date, which is typically when your coverage ends. The maturity date is expressed in terms of your age and often ranges from 90 to 121.

GUL policies might include a cash value account, but the policy focuses on the death benefit instead of cash value, so growth is minimal. This means that GUL insurance is more affordable than other permanent life insurance options.

GUL insurance is a cost-effective way for people to get long-term protection they can count on. With a GUL policy, you get a unique combination of long-term protection and flexibility, within limits.

Guaranteed universal life insurance offers lifelong coverage

Guaranteed universal life insurance (GUL) is a permanent insurance offering lifelong coverage with level premiums and a guaranteed death benefit. It is a low-cost option, with affordable premiums, as it focuses on the death benefit rather than growing cash value. This means that GUL accumulates minimal, if any, cash value that you can use when you are alive.

GUL is a cost-effective way for people to get long-term protection they can count on. It offers a unique combination of long-term protection and flexibility, within limits. Depending on your needs, you can secure coverage that lasts anywhere from 20 years to the rest of your life.

When you apply for a GUL policy, you can choose the policy maturity date, which is typically when your coverage ends. The maturity date is expressed in terms of your age and often ranges from 90 to 121. The longer the guarantee period, the more expensive the premiums will be.

GUL policies include a cash value account, but the policy focuses on the death benefit instead of cash value, so growth is minimal. This means that, with GUL, you can count on a death benefit no matter when you pass away and premium payments that will remain the same.

Frequently asked questions