Flexible Life Coverage
Guaranteed Life Options
A guaranteed universal life (GUL) could be looked at as a combination of term life insurance and whole life insurance. A GUL can provide lifetime coverage that is more affordable than a final expense policy. This product may be ideal for individuals who want lifelong death benefit protection but don’t need the cash value. Policies have guaranteed death benefit amounts with an option to decrease your death benefit if your needs change.
As long as you pay your planned premiums to keep your policy active, your beneficiaries will receive the guaranteed death benefit when you die.