Guaranteed Universal Life Insurance
Guaranteed universal life insurance policies are associated with a health exam. When you go through the health exam, the insurance company will be able to get a better understanding of your health condition. As a result, you will not have to provide those details on your own. You just need to fill out the application and make the premium payments. The insurance company will take care of the rest. However, guaranteed universal life insurance policies are not available for people who are affected with Alzheimer’s disease, dementia, or cannot answer questions on their own.
If you are trying to get hold of a health insurance policy, which will not lead you to any surprises in the long run, guaranteed universal life insurance will be the best option to consider. It will deliver a guaranteed death benefit. You just need to keep on making the premium payments on time. Guaranteed universal life insurance is ideal for the people who wish to end up with funding a trust, leaving inheritance, estate planning, and pension maximization.
Why should you get guaranteed universal life insurance?
When you get guaranteed universal life insurance, your insurance will not change along with time. Regardless of your health condition or age, the life insurance policy will not change. However, this life insurance policy will not be associated with an investment. You will only be paying for the life insurance policy. You will not be adding any extra money to the life insurance policy. When it comes to guaranteed universal life insurance, you will have to pay a lower upfront amount. This will make it attractive for most of the people.