"Secondary guarantees" refers to a backup or additional assurance that is given to support or reinforce something. It provides extra protection or backup in case the primary guarantee or promise is not fulfilled or is insufficient. Full definition
While many of these types of policies have cash surrender value, universal life with secondary guarantees focuses on maximizing the amount of insurance available per dollar of premium. (investopedia.com)
If you buy a «universal life secondary guarantee policy», you will eliminate the risk of having your policy lapse and guarantee the death benefit will still be there until you die. (lifeant.com)
Lower premiums may be achievable by buying some types of universal life insurance that offer secondary guarantees on death benefits. (pocketsense.com)