Guaranteed Universal Life Insurance Quote

Ages 18 85 coverage up to age 121 50 000 to no maximum guaranteed annual effective rates from 2 5 1035 exchanges allowed optional policy riders available lapse protection availablethe simplest way to get.

Guaranteed universal life insurance quote. Universal life insurance quotes offered through top quote life insurance are only from companies that provide guaranteed fixed premiums as well as guaranteed coverage that will last to age 121. Instead a guaranteed universal life policy offers fixed rates through the life of the policy just like term insurance. For example if they ve just taken out a 30 year mortgage they may quite likely apply for a 30 year term insurance policy to provide mortgage protection if the insured dies before the mortgage is paid off. While most agents and brokerages focus on these two products only a handful of companies offer a hybrid of the two known as guaranteed universal life insurance.

These policies are often less expensive than a traditional policies. Guaranteed universal life insurance is a good choice for people that want the simplicity and low cost of term insurance without the complexity and high premiums of whole life and regular universal. Guaranteed life insurance is the best type of life insurance coverage if you re looking for permanent life insurance coverage but don t want the expensive premiums associated with a whole life policy. In the insurance industry there are two types of policies that recieve most of the attention term life insurance and whole life insurance.

Guaranteed universal life insurance also goes by a number of acronyms and titles in the industry. Guaranteed universal life insurance quote. Unlike the non guaranteed universal life insurance policies that many people made the. Guaranteed universal life people usually buy term insurance to last them for a set period of years.

Gul policies are also set to specific ages usually 90 95 100 105 110 or 121 while term life insurance offers fixed rates for a specific number of years usually 10 15 20 25 30. Guaranteed universal life insurance mimics term life insurance only it offers coverage for the entire life of the policy holder instead of for a predetermined amount of time. What is guaranteed universal life insurance. It allows more flexible coverage length than a term policy because it is age.

Guaranteed universal life insurance is a hybrid of both term insurance and permanent insurance. Gul is a perfect blend for young people all the way up through seniors. The gul is one of my favorite products to offer seniors that are looking at types of permanent life insurance. This will enable a senior to have low cost life insurance in some cases to age 121 without a cash value component.