The 9 Best No-Lapse Guarantee Universal Life Insurance Companies

Best Guarantee Universal Life Insurance Companies (GUL) 2021

No-lapse guarantee universal life insurance is a permanent life insurance policy with a level (fixed) premium and death benefit guaranteed not to change for your lifetime. It is designed to guarantee the death benefit to a specified age (between ages 90 to 121). No-lapse guarantee universal life insurance is the lowest priced policy that guarantees lifetime protection (assuming all premiums are paid on time) with locked in rates.

This article will answer the common questions:

  • Who are the best companies?
  • How much will it cost?
  • What’s the fine print?
  • Is there a waiting period?
  • Are the premiums level?
  • Can the policy expire?
  • Will the coverage amount ever change?

In this post, we will address those questions and provide you everything else you need to know before choosing the best GUL life insurance life insurance company.

No-Lapse Guarantee Universal Life Is Also Known As:

  • Guarantee Universal Life Insurance
  • No-lapse GUL
  • GUL
  • “Term for life”
  • “Term to Age 100, 105, 110 or 121”

What Exactly Is No-Lapse Guarantee Universal Life Insurance?

Let’s first begin by explaining exactly what a no-lapse guarantee universal life insurance policy is and why it is such a optimal policy for so many people.

A no-lapse guarantee universal life insurance is the perfect policy if you want lifetime protection and a premium that’s less than whole life insurance. Since the coverage lasts a lifetime, premiums will be higher than a term life insurance policy, but lower than a whole life insurance policy. It’s a perfect hybrid policy between the two.

No-Lapse Guarantee Universal Life Insurance Is Ideal For Personal & Business Planning Needs, Such As:

  • Estate Planning- provides instant liquidity to help cover the estate tax bill.
  • Any debts that may last your lifetime such as a mortgage or a loan.
  • Want to cover final expenses and any outstanding debt when you pass away.
  • Pass wealth to children, grandchildren or charitable organizations income tax free.
  • Have a special needs dependent that will need care after you are gone.
  • Buy-sell agreement to have an orderly business succession.
  • Key person coverage.
  • If you are older and do not want a term life policy because you may outlive it.
  • Guaranteed pay out to your spouse when you pass away, regardless of age.

These are the most common uses for a no-lapse guarantee universal life insurance but of course there are many other uses for a no-lapse GUL policy.

Key Points About No-Lapse Guarantee Universal Life Insurance

Below are key points to know about no-lapse guarantee universal life insurance:

  • Level (fixed) premiums locked in for the life of the policy.
  • Coverage amount is guaranteed to remain the same for the life of the policy.
  • Guaranteed to never cancel or expire until the age you select: Age 90, Age 95, Age 100, Age 105, Age 110 or Age 121.
  • Builds little to no cash value. It is designed as pure life insurance similar to term life insurance, but guaranteed to pay out.
  • Affordable- more than term life but less than whole life.

Once you are approved and make your first payment the policy is ‘inforce’. Once the policy is inforce or active, the life insurance company can never cancel or change the policy, increase the premiums or decrease the policy amount regardless of your age or health. This is why it’s so important to lock in life insurance while you are younger and healthy.

With a no-lapse guarantee universal life insurance policy, you simply pay your premiums and whenever you die, your beneficiary(s) file a claim and the life insurance company will send them the income tax free death benefit policy amount.

No-lapse guarantee universal life insurance is different than other universal life insurance polices. Unlike universal life policies such as variable universal life or indexed universal life which can have premiums and coverage amounts fluctuate, no-lapse guarantee universal life insurance does not and is fixed for your lifetime. (They only way the insurance company can change the policy is if you are late on the premium payment and the policy lapses.)

How Much Does No-Lapse Guarantee Universal Life Insurance Cost?

The minimum for no-lapse GUL is $25k and most companies go up to $10 million or $20 million. Some even go up to $65 million.

The prices are going to vary for each person since each company has their own rates and underwriting guidelines based on age, height/weight, medical history, family history and several other criteria.

Below is a table showing some sample monthly prices. Rates based on the preferred plus health class.

***To Age 121***

AgeMale
$25,000
Female
$25,000
Male
$500,000
Female
$500,000
30$17$13$172$148
35$20$16$212$185
40$26$22$270$231
45$31$26$324$272
50$41$34$409$350
55$52$42$521$452
60$65$57$683$586
65$80$71$924$773
70$101$89$1,272$1,118
75$132$116$1,761$1,541
80$197$171$2,948$2,341

Who Are The Best No-Lapse Guarantee Universal Life Insurance Companies

The criteria we used to make our list of having the best no-lapse guarantee universal life insurance policy was the factors of price, underwriting and financial strength.

  1. Pacific Life
  2. AIG (American General Life Insurance Company)
  3. Protective Life
  4. Penn Mutual
  5. American National
  6. Nationwide
  7. Lincoln National
  8. North American
  9. Cincinnati Life

The 9 Best No-Lapse Guarantee Universal Life Insurance Companies In The USA

Below are the key specs for each company, including their prices, ratings, underwriting niches and everything you else you would want know when choosing the best no-lapse GUL company for you. The list is not in any particular order, since each company has their own rates and underwriting guidelines. One company will have a better rate versus another depending on the individual and their underwriting profile.


1.) Pacific Life Insurance Company

  • Founded: 1868
  • A.M. Best Rating: A+ (Superior)
  • Product Name: PL Promise GUL
  • No-Lapse Guarantee Protection Options To: Age 90, Age 95, Age 95, Age 100, Age 105, Age 110 or Age 121
  • Policy Coverage: Policy covers every type of death (except suicide in the first two years)
  • Waiting Period: None, covered from day one, once you are approved and make the first payment
  • Minimum Face Amount: $25k
  • Issue Ages: 18 to 80 years old
  • Terminal Illness Rider Benefit: Included, no cost. Up to 75% of your policy’s death benefit not to exceed $500,000, if you become terminally ill
  • Return of Premium Rider: Optional rider- if you change your mind, have second thoughts, or no longer need the protection provided by your policy, you may get a full refund or partial refund of the premiums you’ve paid through the Return of Premium feature. Details are in the brochure below.

Pacific Life Insurance Company GUL Underwriting Advantages

  • Build: Pacific Life has the best height/weight chart in life insurance.
  • Travel: Pacific Life has one of the most favorable guidelines in the industry for foreign travel.
  • Total Cholesterol: Can go up to 300 and still qualify for the best health class, Preferred Best.
  • Blood Pressure: Can qualify for the best health class on a blood pressure medication.
  • Anxiety/Depression: Preferred health class available for mild to moderate depression or anxiety with stability on up to 2 medications.
  • Active Military: No exclusion for military duty nor will if affect the health class, unless preform a hazardous activity.

Click Here To See A Product Brochure

Pacific Life is one of the oldest, largest and best life insurance companies in the country. PacLife often has some of the lowest rates in the entire country. Also, they have great underwriting guidelines in many areas, especially their height/weight chart.

Pacific Life is unique as it is only one of the select few major life insurance companies to offer a no-lapse guarantee universal life insurance policy starting at $25k, most companies start at $50k to $100 for a GUL.

Pacific Life Insurance Review Here

Pacific Life Insurance Company Premiums

**Rates and policy amount are both fixed until age 121**

AgeMale
$25k
Female
$25k
Male
$1,000,000
Female
$1,000,000
30$34$33$315$268
35$36$35$393$341
40$39$37$507$443
45$43$41$648$569
50$48$46$849$748
55$55$52$1,087$947
60$65$57$1,442$1,257
65$80$71$1,982$1,667
70$102$89$2,742$2,297
75$132$116$3,848$3,74
80$197$171$6,153$5,231
*Monthly premiums at the preferred plus rate class


2.) AIG (American General Life Insurance Company)

  • Founded: 1850
  • A.M. Best Rating: A (Excellent)
  • Product Name: Secure Lifetime GUL III (3)
  • No-Lapse Guarantee Protection Options To: Age 90, Age 95, Age 95, Age 100, Age 105 or Age 121
  • Policy Coverage: Policy covers every type of death (except suicide in the first two years)
  • Waiting Period: None, covered from day one, once you are approved and make the first payment
  • Minimum Face Amount: $100k
  • Issue Ages: 18 to 80 years old
  • Terminal Illness Rider Benefit: Included, no cost. Provides an accelerated death benefit (living benefit) when the insured is diagnosed with a terminal illness (12 months or less to live). One-time acceleration benefit of up to 50% of the base policy death benefit (less policy loans and excluding riders up to $250k.
  • Guaranteed Return of Premium: If your needs change or you no longer need life insurance coverage, you can surrender the policy in year 20 and receive 50 percent of premiums paid, or in year 25 and receive 100 percent of premiums paid up to 40% of face amount.

AIG (American General) GUL Underwriting Advantages

  • Sleep Apnea: AIG still allows the best health class for those diagnosed with sleep apnea and use a CPAP.
  • Driving Record: AIG has one of the most favorable guidelines for those with multiple tickets on their driving record.
  • Anxiety or Depression Medication: AIG allows the Preferred Plus rate class for someone taking an anxiety or depression medication.
  • Cigar Smokers: AIG allows cigar users the best health class, non-smoker up to 52 cigars a year.
  • H1B Visa: AIG has some of the best guidelines for those with an H1B visa.
  • Diabetes: AIG has excellent underwriting guidelines for Type II diabetics.

Click Here To See A Product Brochure

AIG is one of the most well-known and largest insurers in the world. AIG underwrites their life insurance through American General Life Insurance Company which was founded in 1850.

AIG has very competitive rates for their GUL product, coupled with their excellent underwriting guidelines in many key areas, AIG is a top choice for a permanent life insurance policy over $100k.

Click Here To See Our AIG Life Insurance Review

AIG Life Insurance Premiums

**Rates and policy amount are both fixed until age 121**

AgeMale
$100k
Female
$100k
Male
$1,000,000
Female
$1,000,000
30$72$63$489$436
35$84$75$573$500
40$96$86$703$612
45$96$86$707$615
50$121$107$877$773
55$138$123$1,105$959
60$177$154$1,475$1,270
65$235$198$2,012$1,687
70$393$330$3,138$2,758
75$539$500$4,631$4,090
80N/AN/AN/AN/A
*Monthly premiums at the preferred plus rate class


3.) Protective Life Insurance Company

  • Founded: 1907
  • A.M. Best Rating: A+ (Superior)
  • Product Name: Lifetime Assurance UL
  • No-Lapse Guarantee Protection Options To: Age 90, Age 95, Age 100, Age 105, Age 110 or Age 121
  • Policy Coverage: Policy covers every type of death (except suicide in the first two years)
  • Waiting Period: None, covered from day one, once you are approved and make the first payment
  • Minimum Face Amount: $50k (standard rate class) $100k+ (best rate class available)
  • Issue Ages: 18 to 85 years old
  • Terminal Illness Rider Benefit: Included, no cost. This benefit can accelerate up to 60% of the policy’s death benefit, or $1 million total, whichever is less.
  • Guaranteed Return of Premium: On or after the 10th policy anniversary, this endorsement returns 25% of all premiums paid to date if the policyholder chooses to fully surrender their policy.

Protective Life Insurance Company GUL Underwriting Advantages

  • Health Individuals: Excellent for health applicants.
  • History of Heart Disease: Favorable underwriting for those with history of heart disease, stents, bypass, heart attack.

Click Here To See A Product Brochure

Protective Life is based out of Birmingham Alabama and is one of the largest life insurance companies in America. They often have the absolute lowest rates in the entire country. Protective has an A+ (Superior) financial rating and are a company you can trust for your GUL policy.

Protective Life Insurance Company Premiums

**Rates and policy amount are both fixed until age 121**

AgeMale
$100k
Female
$100k
Male
$1,000,000
Female
$1,000,000
30$71$68$336$300
35$79$72$397$350
40$88$85$500$427
45$106$105$609$525
50$132$125$777$688
55$155$148$997$886
60$197$199$1,309$1,111
65$257$249$1,761$1,466
70$356$352$2,524$2,126
75$530$527$4,241$2,956
80$647$527$5,806$4,633
85$1,186$1,112$10,757$8,759
*Monthly premiums at the preferred plus rate class


4.) Penn Mutual Life Insurance Company

logo
  • Founded: 1847
  • A.M. Best Rating: A+ (Superior)
  • Product Name: Guaranteed Protection Universal Life (UL)
  • No-Lapse Guarantee Protection Options To: Age 121
  • Policy Coverage: Policy covers every type of death (except suicide in the first two years)
  • Waiting Period: None, covered from day one, once you are approved and make the first payment
  • Minimum Face Amount: $100k
  • Issue Ages: 20 to 85 years old
  • Terminal Illness Rider Benefit: This rider provides access to a portion of the policy death benefit if the insured is diagnosed with a terminal illness resulting in a life expectancy of 12 months or less. The amount accessed, may not exceed $250,000 or 50 percent of the specified death benefit amount.
  • Guaranteed Return of Premium: No

Penn Mutual Life Insurance Company GUL Underwriting Advantages

  • Health Individuals: Excellent for health applicants.
  • Blood Pressure: Preferred Plus rate class eligible for ages 20-60: BP reading 135/85, Ages 61+: 140/90 (treated & untreated for any age)
  • CBD: Preferred classes may be available.
  • Competitive Pricing: For ages 55 and older

Click Here To See A Product Brochure

Penn Mutual Life Insurance Company is one of the oldest life insurance companies in America, dating back to 1847. Their GUL policy is one of the most popular in the country due to their competitive rates, often being the lowest in the nation to the locked in rate to Age 121. With a 174 year history and an A+ (Superior) financial rating, Penn Mutual is a company you can depend on that will be there in the future to pay out your permanent life insurance policy.

Penn Mutual Life Insurance Company Premiums

**Rates and policy amount are both fixed until age 121**

AgeMale
$100k
Female
$100k
Male
$1,000,000
Female
$1,000,000
30$41$36$345$289
35$50$44$420$362
40$60$52$518$442
45$69$61$621$536
50$88$79$797$707
55$111$98$1,024$891
60$146$126$1,363$1,161
65$194$163$1,835$1,525
70$264$223$2,540$2,121
75$363$320$3,535$3,111
80$595$526$5,863$5,169
85$1,156$1,248$11,474$9,740
*Monthly premiums at the preferred plus rate class


5.) American National Insurance Company (ANICO)

  • Founded: 1905
  • A.M. Best Rating: A (Excellent)
  • Product Name: Signature Guaranteed UL
  • No-Lapse Guarantee Protection Options To: Age 95, Age 100, Age 105 or Age 121
  • Policy Coverage: Policy covers every type of death (except suicide in the first two years)
  • Waiting Period: None, covered from day one, once you are approved and make the first payment
  • Minimum Face Amount: $100k
  • Issue Ages: 18 to 80 years old
  • Terminal Illness Rider Benefit: An eligible insured has an illness or chronic condition that is expected to result in death within 12 to 24 months.
  • Guaranteed Cash Out Rider: If your circumstances change or you no longer need life insurance, the Guaranteed Cash-Out Rider may be your way to restore financial stability. On the 15th, 20th and 25th policy anniversaries, the rider allows you to surrender your policy and receive a partial or full return of your premiums paid.

(ANICO) American National Insurance Company GUL Underwriting Advantages

  • No Exam GUL: Ages 18-50 may be eligible for up to $1million without a paramed exam
  • No Exam GUL: Ages 51-60 may be eligible for up to $500,000 without a paramed exam
  • No Exam GUL: Ages 61-65 may be eligible for up to $249,999 without a paramed exam
  • Total Cholesterol: Up to 300 (4.5 HDL ratio) and can still qualify for Preferred Plus

Click Here To See A Product Brochure

American National Insurance Company also known as (ANICO), has extremely competitive rates, especially at the To Age 95 Level and To Age 100 Level. In fact, one example we ran for $250k To Age 95, ANICO was $45 less per month then the next closest company.

Also, ANICO is great for those who want a no-lapse guarantee universal life insurance policy (gul) without a paramed exam. With their Guaranteed Cash Out Rider, an A (Excellent) financial rating and the no paramed option if you are in good health, ANICO a very popular no-exam GUL policy.

American National Insurance Company (ANICO) Premiums

**Rates and policy amount are both fixed until age 100**

AgeMale
$25k
Female
$25k
Male
$1,000,000
Female
$1,000,000
30$16$13$337$273
35$20$16$400$325
40$26$22$473$381
45$31$26$530$426
50$41$34$675$571
55$52$42$892$777
60$72$57$1,172$979
65$93$73$1,625$1,328
70$135$101$2,324$1,948
75$178$129$4,042$3,507
80$283$211$7,752$6,273
*Monthly premiums at the preferred plus rate class


6.) Nationwide Life Insurance Company

  • Founded: 1926
  • A.M. Best Rating: A+ (Superior)
  • Product Name: No-Lapse Guarantee Universal Life II (NLG UL II)
  • No-Lapse Guarantee Protection Options To: Age 100, Age 105, Age 110 or Age 121
  • Policy Coverage: Policy covers every type of death (except suicide in the first two years)
  • Waiting Period: None, covered from day one, once you are approved and make the first payment
  • Minimum Face Amount: $100k
  • Issue Ages: 18 to 80 years old
  • Terminal Illness Rider Benefit: This feature allows you to access your death benefit if you are diagnosed with a terminal illness resulting in a life expectancy of 12 months or less up to $250k.
  • Return of Premium Feature: For an additional charge, the return of premium feature offered by the Periodic Access Minimum Surrender Value Rider provides two 60-day windows during which you can surrender your policy for the greater of its net surrender value or some or all of the premium you’ve paid. Year 16 = lesser of 50% adjusted premiums6 paid or 40% of the base policy specified amount or Year 21 = lesser of 100% adjusted premiums paid or 40% of the base policy specified amount.

Nationwide Life Insurance Company GUL Underwriting Advantages

  • Health Individuals: Excellent for health applicants.

Click Here To See A Product Brochure

Nationwide is one of the most well-known insurance companies in America. The have a very competitively priced no-lapse GUL policy that is an excellent choice for very health applicants with many additional rider options. They also provide a nice discount if you pay annually. With an A+ (Superior) financial rating and a 95 year history, Nationwide makes our list for one of the best no-lapse guarantee universal life insurance policies in the country.

Nationwide Life Insurance Company Premiums

**Rates and policy amount are both fixed until age 110**

AgeMale
$250k
Female
$250k
Male
$1,000,000
Female
$1,000,000
30$105$88$384$319
35$126$107$450$391
40$151$130$550$479
45$177$150$635$542
50$224$189$810$699
55$278$238$1,026$884
60$364$308$1,374$1,158
65$494$410$1,686$1,561
70$686$558$2,623$2,195
75$961$819$3,756$3,182
80$1,538$1,349$6,087$5,342
*Monthly premiums at the preferred plus rate class


7.) Lincoln National Life Insurance Company (Lincoln Financial)

  • Founded: 1905
  • A.M. Best Rating: A+ (Superior)
  • Product Name: Lincoln LifeGuarantee UL 2019 (LGUL)
  • No-Lapse Guarantee Protection Options To: Age 105 or Age 121
  • Policy Coverage: Policy covers every type of death (except suicide in the first two years)
  • Waiting Period: None, covered from day one, once you are approved and make the first payment
  • Minimum Face Amount: $100k
  • Issue Ages: 20 to 85 years old
  • Terminal Illness Rider Benefit: Pays a portion of the death benefit if you were to become terminally ill, require permanent nursing home care, or need help during a critical illness or condition. One-time charge when rider is exercised. Benefits are subject to state availability.
  • Return of Premium Rider: Available at issue for an additional cost gives the option to have up to 100% of premiums returned at certain points in the policy should needs change.

Lincoln National Life Insurance Company GUL Underwriting Advantages

  • Smokeless Tobacco: Non-tobacco rates for unlimited cigars, pipes, chewing tobacco and other tobacco products, and may test positive for nicotine. Excludes cigarette and e-cigarette smokers.
  • Marijuana: Great underwriting guidelines for marijuana use.
  • Diabetes: New favorable guidelines for type II diabetics.
  • Driving Record: Allows up to 3 violations in past 3 years and still eligible for Preferred Plus.
  • Build Charts: Lincoln has very favorable height/weight charts.
  • Simplified Issue: Simplified issue may be available for those between the ages of 20 to 70.

Click Here To See A Product Brochure

Lincoln Financial is one of the largest and most respected insurance and investment companies in America. There insurance division goes by the name Lincoln National Life Insurance Company and has an A+ (Superior) financial rating.

Lincoln doesn’t typically have the lowest rates for guaranteed universal life, however where they are competitive is in certain underwriting niches like smokeless tobacco. For those who dip, chew, use nicotine gum, pipes or smoke cigars daily, Lincoln will offer a non-tobacco rate. Now that Prudential recently exited the no-lapse guarantee universal life insurance market due to the low interest rate environment, Lincoln is a great alternative for smokeless tobacco users.

Lincoln National (Financial) Life Insurance Company Premiums

**Rates and policy amount are both fixed until age 105**

AgeMale
$100k
Female
$100k
Male
$1,000,000
Female
$1,000,000
30$79$71$616$543
35$91$82$735$648
40$105$94$871$767
45$121$108$1,032$906
50$143$126$1,250$1,091
55$149$132$1,316$1,148
60$188$165$1,744$1,492
65$251$211$2,367$1,957
70$345$285$3,308$2,707
75$480$405$4,662$3,904
80$783$636$7,686$6,216
*Monthly premiums at the preferred plus rate class


8.) North American Company For Life And Health Insurance

  • Founded: 1886
  • A.M. Best Rating: A+ (Superior)
  • Product Name: Lincoln LifeGuarantee UL 2019 (LGUL)
  • No-Lapse Guarantee Protection Options To: Age 105 or Age 121
  • Policy Coverage: Policy covers every type of death (except suicide in the first two years)
  • Waiting Period: None, covered from day one, once you are approved and make the first payment
  • Minimum Face Amount: $50k for ages to 59 years, $25k for issue ages 60 to 85 years
  • Issue Ages: 15 days old to 85 years old
  • Terminal Illness Rider Benefit: This endorsement allows the policyowner to accelerate a portion of the death benefit if he or she is certified as terminally ill with a life span of 24 months or less. Only one election can be made for terminal illness. The maximum death benefit amount that may be accelerated on the benefit election date of terminal illness is the lesser of 75% of the death benefit or $750,000. The minimum is the lesser of 10% of the death benefit or $100,000.
  • Guaranteed Exchange Privilege: Allows a policyowner the right to exchange a policy, without evidence of insurability and surrender charges, to one of our cash value accumulation universal life policies available at the time of exchange.

North American Company For Life Insurance GUL Underwriting Advantages

  • Health Individuals: Excellent for health applicants.
  • Private Pilots: Private pilots (ages 27-65) may qualify with 300+ hours, IFR, 50-150 flight hours per year are eligible for best rate class.

Click Here To See A Product Brochure

North American Company For Life Insurance has one of the most popular guarantee universal life insurance policy on the market today. They have some of the most competitive rates in country and go all the way down to $50k for GUL. They also guarantee that you don’t make any more premium payments after you reach age 100, but will still cover you up to age 120. Their GUL policy is called Custom Guarantee and provides financial protection with the Extended No-Lapse Guarantee, which is automatically included on every policy and extends the no-lapse guarantee to any age you choose, even up to age 120.

North American is a company you can depend on for your GUL policy. They were founded in 1886 and has an A+ (Superior) financial rating and are a part of the Sammons Financial Company. In 2019 alone, they paid out over $593 million in death claims on life insurance policies.

North American Company For Life And Health Insurance Premiums

**Rates and policy amount are both fixed until age 120**

AgeMale
$50k
Female
$50k
Male
$1,000,000
Female
$1,000,000
30$37$34$405$335
35$40$37$475$405
40$47$43$595$515
45$55$50$745$635
50$67$59$955$815
55$82$72$1,235$1,035
60$104$90$1,625$1,375
65$137$113$2,165$1,805
70$184$152$2,975$2,455
75N/AN/A$4,165$3,615
80N/AN/A$6,275$5,325
85N/AN/A$9,965$7,855
*Monthly premiums at the preferred plus rate class


9.) Cincinnati Life Insurance Company

  • Founded: 1950
  • A.M. Best Rating: A+ (Superior)
  • Product Name: LifeSetter Flex UL
  • No-Lapse Guarantee Protection Options To: Age 105 or Age 121
  • Policy Coverage: Policy covers every type of death (except suicide in the first two years)
  • Waiting Period: None, covered from day one, once you are approved and make the first payment
  • Minimum Face Amount: $50k
  • Issue Ages: 18 old to 75 years old

Cincinnati Life Insurance Company GUL Underwriting Advantages

  • Non-Smoker Rates: Non-tobacco rates for; smokeless tobacco, chewing tobacco, dip, snuff, unlimited cigars, pipes and ok with positive urine specimen for nicotine as long as disclosed usage of application.
  • Health Individuals: Excellent for health applicants.

Click Here To See A Product Brochure

Cincinnati Life Insurance Company has an A+ (Superior) financial rating and is a respected name in the life insurance industry.

Cincinnati Life will not have the absolute lowest GUL rates in the country for healthy people. However, the did make our list as one of the best no-lapse guarantee universal life insurance companies because they will have the lowest rates if you use smokeless tobacco, chewing tobacco, dip, snuff, unlimited cigars, pipes. Cincinnati Life will offer nonsmoker rates for these applicants making their rates about half of what the other top insurers will offer. Since Prudential recently exited the no-lapse guarantee universal life insurance (GUL) market due to the low interest rate environment, Cincinnati Life is a great alternative for smokeless tobacco users.

Cincinnati Life Insurance Company Premiums

**Rates and policy amount are both fixed until age 121**

AgeMale
$50k
Female
$50k
Male
$1,000,000
Female
$1,000,000
30$35$31$416$369
35$41$36$512$448
40$50$44$658$572
45$60$52$803$696
50$75$66$1,036$914
55$91$80$1,268$1,131
60$120$104$1,720$1,516
65$150$127$2,173$1,901
70$206$175$3,158$2,766
75$263$222$4,143$3,630
*Monthly premiums at the preferred plus rate class


What Is The Criteria To Make Our List Of The Best Guarantee Universal Life Insurance Companies 2021?

To make the our list of the 9 best no-lapse guarantee universal life insurance companies we based our criteria on three factors:

  • Best Price- We listed the life insurance companies with the lowest GUL prices, as can be seen in the price tables above.
  • Underwriting- Getting approved at the most favorable health class is vital when applying for life insurance. Some companies will offer a much better rate for one application versus another based on a specific company’s underwriting guidelines. Factors such as height/weight, age, coverage amount, tobacco use, family history, driving record, medical history, blood pressure, cholesterol and many other factors will determine which insurer will have the lowest rate for you.
  • Financial Rating- Choosing a life insurance company with a high financial rating is paramount when selecting an insurer, especially for a permanent policy like a guaranteed universal life. You want to have faith the life insurance will be around in the future, 10, 20, even 50 years from now and will be able to pay out the claim. That is why we only recommend to our clients to choose a no-lapse GUL policy with company that has an A (Excellent) or A+ (Superior) rating from A.M. Best.

Frequently Asked Questions

What Exactly Is a No-Lapse Guarantee Universal Life Policy?

A no-lapse guarantee universal life policy is permanent life insurance offering affordable lifetime coverage that:

  • Provides guaranteed and permanent coverage at the lowest premiums
  • Death benefit is permanent, guaranteed, and 100% income tax free
  • Premiums are guaranteed not to increase and are about half the cost of whole life insurance
  • The premiums are fixed for the life of the policy
  • Can choose the number of years to pay premiums
  • Riders that let you customize your policy to meet your unique needs

Is No-Lapse Guarantee Universal Life Commonly Referred To As Any Other Names?

Yes, no-lapse guarantee universal life insurance is also referred to as: guaranteed universal life insurance, no-lapse GUL, GUL, term for life, term to age 100, term to age 105, term to age 110 or term to age 121.


Is No-Lapse Guarantee Universal Life Insurance Income Tax Free?

Yes, guaranteed universal life insurance, provides tax-advantaged protection you can count on for your family or your business (see your accountant/attorney for tax and legal advice).


Can You Briefly Explain How Guarantee Universal Life (GUL) Policies Are Different Than Term Insurance, Other Types Of Universal Life and Whole Life Policies?

Many people think of permanent insurance as Whole Life Insurance or other types of Universal Life insurance that have a cash value component, such as Indexed Universal Life or Variable Universal Life.  While those products have their place, what makes GUL better and much simpler to understand, is that it’s not designed to build cash value, but simply provide permanent life insurance protection — essentially term insurance that is guaranteed not to lapse.


Why Choose PolicyMutual?

We have over a decade of experience and have helped over 4k families and businesses use the power of life insurance to protect their income and wealth. We are experts in using no-lapse guarantee universal life to enable our clients to have effective estate planning, final expense coverage, key person coverage, buy-sell agreement to have an orderly business succession, as well as using GUL for a charitable remainder Trust (“CRT) and irrevocable life insurance trust (ILIT).

Click on the link to use the best, most comprehensive Guarantee Universal Life (GUL) Insurance Cost Calculator on the market today that the top agents use to quote GUL to their clients. Instantly view: all the top companies and their rates, select any coverage amount and select to any age.

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