Understanding Guaranteed Universal Life Insurance

  1. Types of Life Insurance
  2. Guaranteed Universal Life Insurance
  3. How guaranteed universal life insurance works

Understanding life insurance and how it works is an important part of financial planning. Guaranteed universal life insurance (GUL) is one of the types of life insurance that offers a variety of benefits, including permanent coverage and flexible premiums. In this article, we'll explain how GUL works, the different features and benefits it offers, and how to choose the right policy for you. GUL is a type of permanent life insurance that provides coverage for your entire life.

Unlike term life insurance, which only covers you for a set period of time, GUL offers coverage until death. This means you can use it as a long-term savings plan and receive a death benefit even if you live to be 100 years old.

Benefits of Guaranteed Universal Life Insurance

Guaranteed death benefit: Your beneficiaries will receive a guaranteed payout if you pass away during the term of the policy.


Most GUL policies can be extended beyond age 95, giving you more flexibility when it comes to planning for your future.

Affordable premiums:

GUL policies typically have fixed premiums, making them more affordable than other types of permanent life insurance policies.

Estate planning tool: A GUL policy can be used to help ensure that your loved ones are taken care of after you pass away.

Leave a Comment

Required fields are marked *