Guaranteed no-lapse UL rates going up

In case you hadn’t noticed, GUL rates on virtually all carriers products are increasing as pressure from reinsurers increases and lapses decline. These policies also tend to be the favored choice of “life settlement” agencies that pay policy owners to convert their term plans to permanent plans of insurance. We recommend that you take another look at “current assumption” UL plans that provide limited guarantees or even no guarantees at all. Premiums for those contracts are now tending to be lower than the popular GUL design, and the current assumption policies can provide valuable, tax-deferred cash buildup. Call us to discuss the merit of one type over the other for specific client needs. We’re always trying to find ways to get you the best policy at the lowest cost for your clients.