Friday, September 17, 2010

Guaranteed Universal Life Insurance

Guaranteed Universal Life Insurance or GUL's are universal life policies that offer a guaranteed death benefit for a specific set premium. The death benefit is guaranteed for the time period set forth in the contract, usually to a specific age or maturity date. As long as the policy holder pays the premiums as scheduled, the contract is guaranteed not to lapse. Usually, these contracts are designed not build cash value. The premiums for GUL's is very low when compared to whole life or traditional Universal Life policies. They are a perfect fit for someone who is just looking for coverage. For more information or a free quote, contact us, we can have the information sent out to you.

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