And in instances where you do need permanent coverage, look into buying a no - lapse guarantee universal life policy instead of a whole life policy. (thelifeinsuranceinsider.com)
Also, many guaranteed universal life policies do not have, or have limited cash value — something that people look forward to with permanent life insurance. (termlife2go.com)
You may consider a lifetime guaranteed universal life policy or a whole life policy. (termland.com)