Sentences with phrase «said guaranteed universal life policies»

Pendell said guaranteed universal life policies are available with death benefits of $ 50,000 to $ 10 million or more, making them ideal for paying for final expenses or for reducing or avoiding estate taxes.

Not exact matches

Because all term life policies either expire in say, 10, 15 or 20 years (or otherwise will gradually increase premiums), the greatest PRO when comparing term life is that the there is no expiration of the guarantee period on a guaranteed universal life policy, and the premiums can stay level.

I will say that if you're looking for a no - lapse universal life insurance policy, also known as a guaranteed universal life insurance policy — you should look at a different company at this point in time.

Universal life policies continue to be popular because many offer a guaranteed death benefit coupled with an investment feature, says LIMRA spokeswoman Catherine Theroux, the latter feature which has helped to drive product sales in the past few years.

Dgoldenz has brought up a good point, that it may be possible to 1035 (transfer the money without paying taxes on gains to another policy) the money to a secondary guaranteed universal life insurance policy, which is permanent no cash value (even if it says there is) life insurance.

I'm glad you said that the guaranteed universal life insurance policy is usually purchased by seniors because the term outlasts your life.