When exploring life insurance options, understanding Guaranteed Universal Life (GUL) is important. As a conservative option for long-term needs, GUL provides permanent death benefit protection with predictable, level premiums, offering a sense of structure in an often complex insurance landscape.
Guaranteed Universal Life (GUL) policies are a type of permanent life insurance designed to provide a lifetime death benefit with predictable premiums. While often viewed as a more conservative option, GUL is not without trade-offs. This overview explores its features, considerations, and when it may be appropriate to include in a financial strategy.