Guaranteed universal life insurance is similar to whole life insurance because it is also considered a permanent policy, meaning it is supposed to last the entire life of the policy holder. (policyzip.com)
Whole life insurance lasts your entire life and offers specific guarantees, including a guaranteed death benefit, guaranteed cash accumulation and guaranteed level premiums. (insuranceandestates.com)
Term policies also allow you access to a portion of the death benefit in the form of an accelerated death benefit rider, though permanent insurance policies last an entire life time. (locallifeagents.com)