What Is Guaranteed Universal Life Insurance (GUL)? | Quotacy Q&A Fridays

Quotacy is an online life insurance agency where you can get life insurance on your terms. Are you looking for simple life insurance coverage that can last your entire life? Consider guaranteed universal life insurance. It's lifelong like permanent insurance, but simple like term insurance.

Have any questions about life insurance? Leave a comment below.

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[zoomaheadnow]

With GUI. My question is (Is that premium level guaranteed like term is for the rest of your life or can the premium go up over so many years). For example. If you start out with a GUI and your premium s $80 bucks a month and you get this when your 48 years old. Later when your 98 years old is your premium guaranteed to stay at $80 per month or does the ART go up inside the policy itself so high that you get a letter from the insurance company saying your premium has gone up to $3000 a month. I noticed you didn't clarify this in your video and most life agent I talk to don't really know for sure. Another words another way to ask this would be, Is the term inside the GUI level pay like term insurance or is it ART where the premium inside the policy goes up every single year to the point that you payment can't sustain the premium. Thanks for your help with this question.