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Low Cost Senior Whole Life Insurance

Call 678-468-5163 for Quotes on $5000, $10000, $15000, $20000, or $25000.

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Should I get a Guaranteed Universal Life Insurance Policy OR a Whole Life Insurance Policy?

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.

Advantages:

  • 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

 

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