Guaranteed Universal Life Insurance

Guaranteed Universal life insurance behaves like a hybrid of whole and universal life insurance but is far safer and cheaper.  It removes cash value from the policy, and in its place, you get a fixed payment schedule, just like term or whole life insurance.  So long as you make the required payments, your policy will not lapse.

With ordinary Universal life insurance, cash value is the core of your policy.  Your premiums go straight into your cash value, and you pay whatever you please, whenever you please.  The insurance company takes its fees from your cash value instead of directly from your premiums.  If your policy ever exhausts its cash value, it lapses.  That is, the policy will terminate.

The sacrifice is that without cash value, your policy no longer has equity.  You cannot cash it in if you ever decide it isn't worth waiting anymore for a death benefit.  However, since there is no cash value, Guaranteed Universal life insurance is less expensive.  It provides permanent life insurance coverage and nothing else.

Guaranteed Universal life is attractive for a number of reasons.  It provides a guaranteed death benefit.  It will reduce potential for volatility, even in continued low interest rate environments.  And, most importantly, it will provide stability in unstable times.  Clients are able to lock in a guaranteed death benefit and premium for exactly the period of time during which they expect to need it.   

The premiums never go up and your death benefit will never go down.  There are no assumptions based on current or future interest rates.  Premium rates are calculated on a guaranteed basis.  As long as you pay your premiums, all the guarantees stay in place. For permanent life insurance, it doesn't get much simpler than this.

Compared to other permanent life insurance products, Guaranteed Universal life insurance is inexpensive. The concept is to take the lowest amount of premiums to keep the policy premium and death benefit level until you die or no longer need coverage.

Life, Health and Annuity Licensed in Alabama, Arizona, California (CA License #0G45450), District of Columbia, Florida, Georgia, Louisiana, Maryland, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina,
Tennessee, Texas, Virginia and Washington