What is Guaranteed Universal Life Insurance?

What is Guaranteed Universal Life Insurance?

Among the several different types of permanent life insurance, the one that is considered closest to Term Insurance is a policy known as Guaranteed Universal Life Insurance or GUL. The GUL, although a universal life insurance product, was developed for longevity...
How Does Universal Life Insurance Work?

How Does Universal Life Insurance Work?

It’s important to understand that although term life insurance is the least expensive life insurance in the marketplace, it is temporary insurance. Certainly, most term life policies can be converted to a permanent life insurance policy before the policy expires, but...
What is Universal Life Insurance?

What is Universal Life Insurance?

Universal life insurance is a type of permanent life insurance policy that will furnish life insurance coverage along with the additional benefit of flexible premiums, and cash value accumulation, comparable to the savings component in a whole life insurance policy....
Universal Life Insurance Pros and Cons

Universal Life Insurance Pros and Cons

Universal life insurance provides lifetime coverage, as well as flexibility in premium payments and the investment of the policy’s cash value.  The cash value of a traditional universal life insurance policy fluctuates depending on the performance of the index, and...