Q. Is Guaranteed Universal Life (GUL) a good deal?
A. Like any insurance products, GUL fits for certain families, and for those families that GUL does fit, GUL might even sounds like a deal that is too good to be true!
Here is why -
With GUL, the death benefit is guaranteed. An insured can choose 10-pay (or even 5-pay or 7-pay if you can afford) to complete the premium payments in maximum 10 years and never worried about the lapse of the insurance coverage. Your beneficiaries are guaranteed to receive the death benefit.
For some companies' GUL, there is even a LTC rider that the insured can access the benefit money while still alive.
You can use the online GUL annual return calculator below to check out the kind of guaranteed annual return GUL offers. If you need to know how much premium for your situation and which insurer offers the best GUL, please contact us.
Generally, as you will find out by running the GUL return calculator, its guaranteed return is very impressive (remember, it's guaranteed return, with no risk). Also, the earlier the insured dies, the higher the return will be. So one way or the other, an insured is a winner (either higher return or longer life).
A. Like any insurance products, GUL fits for certain families, and for those families that GUL does fit, GUL might even sounds like a deal that is too good to be true!
Here is why -
With GUL, the death benefit is guaranteed. An insured can choose 10-pay (or even 5-pay or 7-pay if you can afford) to complete the premium payments in maximum 10 years and never worried about the lapse of the insurance coverage. Your beneficiaries are guaranteed to receive the death benefit.
For some companies' GUL, there is even a LTC rider that the insured can access the benefit money while still alive.
You can use the online GUL annual return calculator below to check out the kind of guaranteed annual return GUL offers. If you need to know how much premium for your situation and which insurer offers the best GUL, please contact us.
Generally, as you will find out by running the GUL return calculator, its guaranteed return is very impressive (remember, it's guaranteed return, with no risk). Also, the earlier the insured dies, the higher the return will be. So one way or the other, an insured is a winner (either higher return or longer life).
There are several insurance companies offer GUL products with premiums differ widely. As an independent insurance agent, we can help our clients shop around and find the best deal. Contact us if you are interested in GUL.
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