Need A $25,000 Guaranteed Universal Life Policy? Here Are Rates, Policy Details & FAQS
Looking for $25,000 guaranteed universal life insurance policy?
Well, you came to the right place.
In our guide, we’ll show you quotes, underwriting and everything you need to know about a $25k guaranteed universal life insurance GUL policy.
Topics Covered In This Article
- How Does A $25,000 Guaranteed Universal Life Insurance Policy Work?
- Age 50-59 $25k Guaranteed Universal Life Quotes
- Age 60-69 $25k Guaranteed Universal Life Quotes
- Ages 70-79 $25k Guaranteed Universal Life Quotes
- How To Compare Your Rate Quotes
- Choosing The Right Company
- FAQ
How Does A $25,000 Guaranteed Universal Life Insurance Policy Work?
A $25,000 guaranteed universal life insurance (GUL) policy is a permanent policy with a fixed death benefit of $25,000.
Unlike other types of universal life insurance, such as indexed or variable life, guarantee universal life, also known has a no-lapse guarantee universal life insurance or no-lapse gul, has a fixed rate and death benefit for the life of the policy. It is called guaranteed since the premium and death benefit are guaranteed not to change for the age you select.
A $25,000 guaranteed universal life insurance policy (GUL) is a permanent life plan with a fixed death benefit of 25,000 dollars. Usually, policies of this size are meant to pay for final expenses. The rates will not increase, and the policy will never cancel due to age. You set the length of the policy, usually to age 100, 105, 110 or 121 years old. Since the rates are so competitive, it may require a no-cost paramed.
Here are the details of a guaranteed universal life insurance policy you need to know.
- Rates are fixed for the policy length
- You set the age and length when the policy expires (age 90, 95, 100, 105, 110 or 121)
- Coverage amount never decreases
- The policy is a hybrid between term life insurance and whole life insurance, since the rate and death benefit are fixed and last the rest of your life, but costs less than a whole life insurance policy since there is little to no cash value.
You pay the premiums monthly or annually and when you pass away your beneficiary(s) receive the $25k death benefit directly from the insurance company, income tax free.
For a $25,000 policy, the most common use of the funds is to cover burial and final expenses and any outstanding bills and to leave a little money left over for the beneficiary(s).
Ages 50-59 $25k Guaranteed Universal Life Quotes
Below are monthly rate quotes for a $25,000 guaranteed universal life insurance policy to age 121 at the preferred health class. Your rates could be lower or higher based on your health.
**Rates Are Fixed To Age 121**
| Age | Male | Female |
|---|---|---|
| 50 | $49.98 | $47.11 |
| 51 | $51.37 | $48.29 |
| 52 | $52.75 | $49.49 |
| 53 | $54.17 | $50.71 |
| 54 | $55.62 | $51.95 |
| 55 | $57.10 | $53.17 |
| 56 | $59.07 | $54.78 |
| 57 | $61.09 | $56.43 |
| 58 | $63.16 | $58.12 |
| 59 | $65.28 | $59.87 |
Ages 60-69 $25k Guaranteed Universal Life Quotes
Below are monthly rate quotes for a $25,000 guaranteed universal life insurance policy to age 121 at the preferred health class. Your rates could be lower or higher based on your health.
**Rates Are Fixed To Age 121**
| Age | Male | Female |
|---|---|---|
| 60 | $67.46 | $61.66 |
| 61 | $70.59 | $63.90 |
| 62 | $73.79 | $66.20 |
| 63 | $77.07 | $68.57 |
| 64 | $80.42 | $71.03 |
| 65 | $83.86 | $73.56 |
| 66 | $88.18 | $77.06 |
| 67 | $92.63 | $80.69 |
| 68 | $97.24 | $84.45 |
| 69 | $102.00 | $88.38 |
Ages 70-79 $25k Guaranteed Universal Life Quotes
Below are monthly rate quotes for a $25,000 guaranteed universal life insurance policy to age 121 at the preferred health class. Your rates could be lower or higher based on your health.
**Rates Are Fixed To Age 121**
| Age | Male | Female |
|---|---|---|
| 70 | $106.95 | $92.48 |
| 71 | $113.27 | $97.76 |
| 72 | $119.78 | $103.22 |
| 73 | $126.54 | $108.90 |
| 74 | $133.10 | $114.81 |
| 75 | $139.68 | $120.98 |
| 76 | $151.96 | $130.60 |
| 77 | $164.76 | $140.47 |
| 78 | $177.54 | $150.30 |
| 79 | $189.47 | $160.98 |
Additional Information
- Depending on the insurer, a no-cost paramed exam may or may not be required.
- One top carrier guidelines say they do not require a paramed for those between ages 50-69 and had comprehensive physical and blood work from your personal physician within 18 months.
How To Compare Your Rate Quotes
To receive instant rate quotes for $25,000 guaranteed universal life, you can simply use the quote engine on this site. Here is an article that explains step-by-step exactly how to use the quote engine.
Choosing The Right Company
Currently there are several A+ Superior rated life insurance companies that offer $25k of guaranteed universal life insurance. These are some of the largest, oldest and most trusted names in life insurance that never failed to pay a valid claim.
One of the biggest concerns people have when purchasing a life insurance policy is buying from an unknown insurer and their beneficiary(s) will have an issue collecting the claim. That concern is now alleviated and you can have peace of mind of having a policy from a top company.
FAQ– Frequently Asked Questions
Is Guarantee Universal Life Insurance The Same As Permanent Life Insurance?
Yes, guarantee universal life insurance is made to last the rest of your life with fixed rates. You set the age when the policy expires; age 90, 95, 100, 105, 110, or age 121. Since nobody knows when they are going to die, you want to set the duration, the ‘To Age’ to an age you know you won’t outlive. Most people choose ‘To Age’ 100, 105, 110, or 121 depending on family and personal healthy history.
Why Is It Called Guaranteed Universal Life Insurance?
It is called guaranteed universal life insurance because the premium and death benefit are guaranteed not to change for the age you select. The GUL is meant to last the rest of your life and is guaranteed to pay out just like whole life insurance.
Is $25k Guarantee Universal Life Insurance Good For Final Expenses?
Yes, similar to whole life insurance, guarantee universal life insurance is meant to last the rest of your life and is great for final expenses.
Is Guaranteed Issue/Guaranteed Acceptance Life Insurance The Same As Guaranteed Universal Life Insurance?
No, they are completely different. A guaranteed issue/guaranteed acceptance life insurance policy is for those that do not qualify for regular life insurance due to a major health issue. These polices have a two year waiting period (meaning- if you die in the first two years of a natural cause the policy will not pay out) to offset the risk.
A guaranteed universal life insurance is regular life insurance that you have to medically qualify for just like term or whole life insurance since you are covered from day one. Once you are approved and make the first payment your beneficiary is covered for the full policy amount regardless of the cause of death, natural causes or accidents.
Does Guarantee Universal Life Insurance (GUL) Have A Waiting Period?
No, a guarantee universal life insurance (gul) is regular life insurance, just like term or whole life. It covers everything from the first day of the policy (with the exception of suicide in the first two years).
Why Are The Rates So Good For No-Lapse Guaranteed Universal Life (GUL)?
No-Lapse Guarantee Universal Life Insurance is a hybrid type policy between term life insurance and whole life insurance. It works like term life insurance in that the rates and death benefit are fixed for the duration of the policy. It works like whole life insurance in that the policy lasts the rest of your life. The difference is that it doesn’t build a cash value like whole life insurance, it’s more of pure life insurance coverage like term insurance. You pay the premium and when you pass away the money is paid to your beneficiary.
