You may ask “Should I get a Guaranteed Universal Life Insurance Policy OR a Whole Life Policy?” What are my options if I do not want cash value in my whole life policy, and want to reduce my whole life policy premium cost? What if I also dislike a term insurance policy because of the lack of long term guaranteed level premiums. A possible solution is Guaranteed Universal Life insurance policy which will provide a guaranteed level premium and guaranteed death benefit for a limited period of time.
Call Toll Free (800) 398-0254Advantages:
Your premium payments can be structured according to your preferences.
You can select your death benefit guaranteed to age 90, 95, 100, 105, 115 or 121.
Premiums can be level for lifetime.
This policy is less expensive than a whole life insurance policy and generally cost a bit more that a term life insurance policy.
Disadvantages:
The policy generally does not build cash value.
Consistence and timeliness of premium payments is critical as there is no cash value build up to cover delinquent premium payments.
Policy can easily be cancelled for non payments because of no cash value buildup to cover missing payments.
Policy generally cost more that a term life policy but less that a whole life policy.
To get a Quote on a Guaranteed Universal Life Insurance Policy call one of our Senior Care Licensed Life Insurance Agents at 678-468-5163
my options if I do not want cash value in my whole life policy, and want to reduce my whole life policy premium cost? What if I also dislike a term insurance policy because of the lack of long term guaranteed level premiums. A possible solution is Guaranteed Universal Life insurance policy which will provide a guaranteed level premium and guaranteed death benefit for a limited period of time.
