Instant Guaranteed Universal Life Insurance Quotes
Are you looking for instant guaranteed universal life insurance quotes without having to speak to an agent first? Great news, our quote engine software allows you to see the instant no-lapse guarantee universal life insurance (GUL) rates from the nation’s top life insurance companies after you enter your birthday and select your health class. Some of the life insurance instant rates for GUL include AIG, Pacific Life, Protective Life, PennMutual, Nationwide and more.
Table of contents
How Does Guaranteed Universal Life (GUL) Insurance Work?
A guarantee universal life insurance policy (GUL), also known as no-lapse guarantee universal life insurance works and is often viewed as a term life insurance policy where the term lasts the rest of the purchasers’ life. The difference is that unlike term life insurance where you can choose between a 10 to 35 year term (depending on age), with a GUL policy you set the age when the policy expires.
The options for most companies start at age 90 and go up to age 121 years old. It’s important to choose an age that you will not outlive. Depending on your family history of longevity and your lifestyle, many people choose to age 100, 105, 110 or age 121. As long as you make your premiums on time, the policy will remain inforce and your premium and death benefit are fixed for the rest of your life regardless of your age or health.
A guarantee universal life insurance policy (GUL), also known as no-lapse guarantee universal life insurance works and is often viewed as a term life insurance policy where the term lasts the rest of the purchasers’ life.
Use Our Quote Engine
Answer Several Questions In Order For The Software to Return An Accurate Quote
Select The Duration (Type of Insurance) & Amount of Coverage
After The Quote Results, You Can Modify The Amount of Insurance and Type of Insurance
Choose: To Age 90 Level, To Age 95 Level, To Age 100 Level, To Age 105 Level, To Age 110 Level or To Age 121 Level (No Lapse U/L).
Take Advantage of No-Lapse Guarantee Universal Life Insurance While It is Still Available
With the prolonged low interest rate environment, many large life insurance companies have exited the guaranteed universal life insurance market. One of the most impactful was Prudential. In fact, Prudential’s guaranteed universal life product was the second best-selling life insurance product for the first quarter of 2020. Another large insurer to recently discontinue their guaranteed universal life insurance product was Symetra. Symetra announced in December 2020, they had to discontinue their GUL product due to the low interest rate environment. Other insurers such as ING and TIAA-CREF have exited the consumer life insurance market entirely for the same reason.