Term Life Insurance vs Guaranteed Universal Life [Which Policy is Best?]

GUL Example

Let’s look at a 60 year old man in decent health who would like to leave an inheritance to his family. It not uncommon for someone to have a large amount of money from a variety of reasons- and not know what to do with it.

If our 60 year old paid an annual premium of $6900 into a guaranteed universal life policy to age 100- he would get a death benefit of $500,000. That’s a pretty nice return on investment.

Another way to look at it is this: If he were to pass away at any age before age 100, his beneficiary would be paid tax free. The death benefit amount would remain at $500,000 and is guaranteed. 

One of the best GUL companies is Protective Life. They offer great rates and even offer a Single Premium GUL. With a single premium GUL, your return would be even better than the example above.

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