GET BENEFITS OF BOTH PERMANENT AND TERM LIFE INSURANCE IN A SINGLE POLICY
Our organization provides you with the best combination of term life insurance and permanent life insurance in the form of “Guaranteed Universal Life Insurance” or GUL. We guarantee you a death benefit as long as you pay your premiums to keep your policy activated. We assure you that your life insurance can last your entire lifetime. Guaranteed universal life insurance can provide you with lifetime coverage at more affordable prices than a whole life insurance policy.
FEATURES OF GUARANTEED UNIVERSAL LIFE INSURANCE
· Affordable Life-Long Coverage: We provide you with GUL as an affordable way to buy permanent insurance protection. We provide you with the guarantee that your beneficiaries will receive the death benefit upon your death.
· Return of Premium Potential: We also provide you with the option of returning the premium potential. If your needs change, you can surrender your policy and receive your money back. However, we can ask for a refund in return for you canceling your policy. This depends on the type and potential of your life insurance.
· Cash Value: GUL is designed to be a lower-cost policy option with a focus on the lifetime guaranteed death benefit not cash value.
HOW DOES A GUL WORK?
Guaranteed universal life insurance is quite affordable. You just have to ensure that you pay us premiums to keep your policy active so that we are able to guarantee you that your family and/or other beneficiaries receive your death benefits. Our organization also provides you with the option to decrease your death benefit without buying a new policy. This is helpful in case your budget changes or you have a decrease in financial responsibilities. You can also cancel or surrender your policy and receive your money back, however, the percentage of the return may vary according to your policy.
THE COST OF GUL
We make sure that you are fully underwritten when you apply for guaranteed universal life insurance with us. This means that we collect in detail, information about your age, gender, smoking and drinking habits, family history, lifestyle, etc., to determine your risk class. We also require you to go through a medical exam. What you pay for your life insurance is determined by your risk class. The higher your risk class is, the higher are your premiums. Your GUL coverage can also last your entire life so the coverage amount you choose will be the death benefit amount your beneficiaries will receive when you die.
GUARANTEED UNIVERSAL LIFE INSURANCE: WHO IS IT MADE FOR?
Our organization provides its customers with the best possible insurance policy suitable to them according to their needs. Different customers have different requirements. For this, not every policy is suitable for all. Our insurance agents suggest guaranteed universal life insurance to those who would like lifelong protection but their budget does not allow for a whole life insurance policy.
Guaranteed universal life insurance will be suitable if:
· Someone with special needs is dependent on you.
· You have a small business.
· You have accumulated a debt that is expected to last until or into your retirement.
· You need state tax protection.
· You want to leave an inheritance.
· Your term policy has ended but you are old and need coverage.