Best Guaranteed Universal Life Insurance Companies

Looking for the best Guaranteed Universal Life insurance companies? We looked at the important factors in order to determine which companies were stronger than the competition.  The factors that we analyzed included a company’s financial ratings, coverage amounts, coverage length, issue ages and more.

Best Guaranteed Universal Life Insurance Companies

Before we dive into the top companies, let’s first review what type of life insurance a Guaranteed Universal Life policy is. A GUL is a type of permanent life insurance that can provide coverage for your entire life. Guaranteed Universal Life is a fully guaranteed life insurance policy. It is not designed to be a cash accumulation policy like Whole life or other permanent policies.

In short, a Guaranteed Universal Life policy has a guaranteed face amount and a guaranteed premium rate. Your rate will not change and will remain the same.

Read more about how Guaranteed Universal Life policies work.

Our Review of the Top Guaranteed Universal Life Insurance Companies

Guaranteed Universal life is the most affordable type of permanent life insurance. It is a great product for shoppers who want the best of both worlds of Term and Whole life. GUL is more affordable (Term Life) and can provide true lifetime coverage (Whole Life).

Let’s look into the top Guaranteed Universal Life companies and see what each one offers.

Related: Want to learn more about the top life insurance carriers? Read our in depth reviews here: Life Insurance Companies

american general life insurance

AIG – American General Life Insurance Company

Policy Name: AG Secure Lifetime GUL III

Financial Ratings: A.M. Best (A). S&P (A+). Moody’s (A2). Fitch (A+)

Minimum Face Amount: $100,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 95, Age 100, Age 121

Issue Ages: From ages 18 through 80 years old

Health Class Ratings: Preferred Best, Preferred, Standard Plus, Standard. Non Tobacco and Tobacco classes.

Additional Riders: Child Rider, Terminal Illness Rider, Accidental Death Rider, Waiver of Premium Rider, and Spouse Rider

Policy Advantages:  In addition to the base policy guarantees, Secure Lifetime GUL 3 offers two ways you can receive significant guaranteed benefits while you’re still living! Imagine. You could be the beneficiary of your own policy.

  • Accelerated Access Solution  At any time during the life of your insurance policy, if you suffer a chronic illness qualifying condition, the Accelerated Access Solution rider will provide access to your tax-free death benefit through pre-determined monthly payments. This will occur either for as long as you’re ill or until the death benefit is exhausted. If you pass away, the remaining benefit will be paid out to your beneficiary.
  • Lifestyle Income Solution There’s no question that Americans are living longer, and the new Lifestyle Income Solution rider may help you make those extra years more satisfying. Beginning at age 85, it enables you to translate your death benefit into a stream of supplemental income that you can use for any purpose. These payments are typically tax-free up to the amount of cumulative premiums. Once again, any remaining death benefit will be paid to your beneficiaries.

 

american national no exam life insurance

ANICO – American National Life Insurance

Policy Name: Signature Guaranteed UL

Financial Ratings: A.M. Best (A). S&P (A).

Minimum Face Amount: $25,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 95, Age 100, Age 105, Age 121

Issue Ages: From ages 18 through 80 years old

Health Class Ratings: Preferred Best, Preferred, Standard Plus, Standard. Non Tobacco and Tobacco classes.

Additional Riders:  Accelerated Benefit, Disability Waiver of Premium, Children’s Term,  and Signature Term Rider

Policy Advantages: Late Payment Forgiveness: The Signature Guaranteed UL policy provides you with a late premium payment forgiveness that allows your premiums to be paid u to 1 full month past the monthly deduction billing date without negatively affecting the policy lapse date. It can prevent the projected lapse date from decreasing due to late payments.

banner life insurance review

Policy Name: Life Step UL

Financial Ratings: A.M. Best (A+). S&P (AA-). Fitch (AA-)

Minimum Face Amount: $50,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 100, Age 121

Issue Ages: From ages 20 through 85 years old

Health Class Ratings: Preferred Best, Preferred, Standard Plus, Standard. Non Tobacco and Tobacco classes.

Additional Riders:  ACCELERATED DEATH BENEFIT: The accelerated death benefit payment is payable in the event of a qualifying terminal illness. The maximum accelerated death benefit amount is the lesser of $500,000 or 75% of the policy’s primary death benefit, less any policy loan. The accelerated death benefit is treated as a lien, which accrues interest. Upon the death of the insured, the death benefits payable are reduced by the total accelerated death benefit lien.

John Hancock Life Insurance Company Review

John Hancock

Policy Name: UL-G

Financial Ratings: A.M. Best (A+). S&P (AA-). Moody’s (A1). Fitch (AA-)

Minimum Face Amount: $100,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths:  Age 121

Issue Ages: From Ages 3 months through 90 years old

Health Class Ratings: Preferred Best, Preferred, Standard Plus, Standard. Non Tobacco and Tobacco classes.

Additional Riders:  Long Term Care, Disability Payment of Specified Premium, Accelerated Death Benefit, Change of Life Insured

Policy Advantages: Death benefit guarantees through the Policy Protection rider that guarantees the policy will not default even if the ash value falls to zero or below.

Lincoln Financial Life Insurance Company Review

Lincoln Financial

Policy Name: LifeGuarantee UL

Financial Ratings: A.M. Best (A+). S&P (A+). Moody’s (AA2). Fitch (AA+)

Minimum Face Amount: $100,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 120

Issue Ages: From ages 20 through 85 years old

Health Class Ratings: Preferred Best, Preferred, Standard Plus, Standard. Non Tobacco and Tobacco classes.

Additional Riders:  

  • ACCELERATED BENEFITS RIDER The Accelerated Benefits Rider pays out a portion of the death benefit if you were to fall terminally ill or require permanent nursing home care. It may be elected after policy issue. There is a one-time charge for this rider when it is exercised.
  • ACCELERATED BENEFITS RIDER WITH CRITICAL ILLNESS  The Accelerated Benefits Rider with Critical Illness pays out a portion of the death benefit if you were to fall terminally ill, require permanent nursing home care, or need help during a critical illness or condition. There is a one-time charge for this rider when it is exercised. Accelerated death benefits may be taxable and may affect public assistance eligibility. This rider is not available in Connecticut, Maryland and Pennsylvania.
  • ACCIDENTAL DEATH BENEFIT RIDER  The Accidental Death Benefit Rider, available at an additional cost, can help offset the financial burden by offering an additional amount in the event of a death due to an accident.
  • CHILDREN’S TERM RIDER  With the Children’s Term Rider, available at an additional cost, you have the choice of insuring your child under your own policy.
  • DISABILITY WAIVER OF MONTHLY DEDUCTIONS BENEFIT RIDER  The Disability Waiver of Monthly Deductions Benefit Rider, available at an additional cost, waives the monthly deduction and other charges if you become totally disabled.
  • DISABILITY WAIVER OF SPECIFIED PREMIUM RIDER  The Disability Waiver of Specified Premium Rider, available at an additional cost, covers you for a monthly specified premium if you become totally disabled.
  • GUARANTEED INSURABILITY RIDER  The Guaranteed Insurability Rider, available at an additional cost, gives you the ability to increase your death benefit coverage in the future without additional underwriting.
  • LINCOLN LIFEENHANCE® ACCELERATED BENEFITS RIDER  This rider pays a benefit if you were to become permanently chronically ill or are diagnosed as terminally ill (life expectancy of 12 months or less). Benefits for chronic illness may be paid monthly or as a one-time lump sum. (Up to 100% of Death Benefit through payments). Terminal illness benefit is a lump sum (up to 50% of Death Benefit).
  • THE MINIMUM DEATH BENEFIT ENDORSEMENT  The Minimum Death Benefit Endorsement gives you the security of knowing that the beneficiaries will never receive less than the death benefit minus total policy debt (policy loan plus accrued interest) plus $5,000.
  • SPOUSE TERM RIDER  With the Spouse Term Rider, available at an additional cost, you have the choice of insuring your spouse under your own policy.

METLIFE LIFE INSURANCE

Metlife

Policy Name: Provider Universal Life

Financial Ratings: A.M. Best (A+). S&P (AA-). Moody’s (Aa3). Fitch (AA-)

Minimum Face Amount: $100,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 95

Issue Ages: From ages 45 through 65 years old

Health Class Ratings: Elite, Preferred, Standard. Non Tobacco and Tobacco classes.

Additional Riders: MetLife Provider UL has several optional riders that provide additional protection, such as the Waiver of Specified Premium Rider and the Acceleration of Death Benefit Rider. The Waiver of Specified Premium (WSP) Rider allows clients to select a specified monthly benefit to be credited as a monthly policy premium if the insured becomes disabled without interruption for at least six months as defined by the contract.4

Acceleration of Death Benefit Rider (ADBR)5 can help cover medical bills or any other expenses while the insured is living with a terminal illness. This rider provides the policy owner access to the greater of $250,000 or 10% of the eligible death benefit proceeds prior to the insured’s death.

Policy Advantages: The Coverage Continuation Benefit is a built-in policy feature that can guarantee the death benefit up to age 95. Premiums can be customized in both amount and duration, all while continuing this important death benefit guarantee.

MUTUAL OF OMAHA LIFE INSURANCE

Mutual of Omaha

Policy Name: Guaranteed Universal Life

Financial Ratings: A.M. Best (A+). S&P (A+). Moody’s (A1).

Minimum Face Amount: $50,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 90, Age 95, Age 100, Age 105, Age 120

Issue Ages: From ages 18 through 85 years old

Health Class Ratings: Preferred Best, Preferred, Standard Plus, Standard. Non Tobacco and Tobacco classes.

Additional Riders:  

  • (Included in the Policy) Guaranteed Refund Option • Accelerated Death Benefit for Terminal and Chronic Illness Rider • Waiver of Surrender Charges for Partial Withdrawals Rider
  • (Cost Policy Riders)  • Disability Waiver of Policy Charges Rider • Disability Continuation of Planned Premium Rider • Accidental Death Benefit Rider • Dependent Children’s Rider • Guaranteed Insurability Rider

nationwide YourLife No Lapse Guaranteed UL

Nationwide

Policy Name: YourLife No Lapse Guaranteed UL

Financial Ratings: A.M. Best (A+). S&P (A+). Moody’s (A1).

Minimum Face Amount: $100,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 100, Age 120

Issue Ages: From ages 18 through 85 years old

Health Class Ratings: Preferred Best, Preferred, Standard. Non Tobacco and Tobacco classes.

Additional Riders:  Accelerated Death Benefit Rider, Accidental Death Benefit Rider, Children’s Term Insurance Rider, Long Term Care Rider, Spouse Rider, Waiver of Monthly Deductions Rider

north american non medical exam life insurance

North American

Policy Name: Custom Guarantee Gen 8

Financial Ratings: A.M. Best (A+). S&P (A+).

Minimum Face Amount: $250,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 85, Age 90, Age 95, Age 100, Age 105, Age 110, Age 120

Issue Ages: From 0 through 80 years old

Health Class Ratings: Preferred Best, Preferred, Standard Plus, Standard. Non Tobacco and Tobacco classes.

Additional Riders: Accidental Death Benefit Rider • Children’s Term Insurance Rider • Guaranteed Insurability Rider • Waiver of Monthly Deductions Rider

principal non medical exam life insurance

Principal Life

Policy Name: Universal Life Protector IV

Financial Ratings: A.M. Best (A+). S&P (A+). Moody’s (A1). Fitch (AA-)

Minimum Face Amount: $50,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 90, Age 95, Age 100, Age 105, Age 121

Issue Ages: Up age 0 to 85 years old

Health Class Ratings: Preferred Best, Preferred, Standard Plus, Standard. Non Tobacco and Tobacco classes.

Additional Riders: Accelerated Benefits • Children Terms Insurance • Cost of Living Increase • Extended Coverage • Salary Increase • Waiver of Monthly Policy Charge

Policy Advantages: Principal Accelerated Underwriting that offers a great option for Super Preferred and Preferred clients up to age 60 to get $1 million of coverage in as little as two days

TARGET MARKETS; Ages 55-70 • $1 million or greater face amount • Coverage of at least 15 years

PROTECTIVE LIFE INSURANCE

Protective

Policy Name: Custom Choice UL

Financial Ratings: A.M. Best (A+). S&P (AA-). Moody’s (A2). Fitch (A+)

Minimum Face Amount: $100,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 90, Age 95, Age 100, Age 105, Age 110, Age 121

Issue Ages: From ages 18 through 85 years old

Health Class Ratings: Preferred Best, Preferred, Standard. Non Tobacco and Tobacco classes.

Additional Riders: Accidental Death Benefit Rider • Children’s Term Insurance Rider • Disability Benefit Rider • ExtendedCare Rider

Policy Advantages:  Income Provider Option: A no cost option that gives you the ability to choose a guaranteed monthly or annual income stream of up to thirty years for the death benefit payout. It can also provide potentially lower premiums on your policy.

Prudential Life INSURANCE

Prudential Life

Policy Name: PruLife Universal Protector

Financial Ratings: A.M. Best (A+). S&P (AA-). Moody’s (A1). Fitch (A+)

Minimum Face Amount: $50,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 100, Age 121

Issue Ages: From ages 0 through 85 years old

Health Class Ratings: Preferred Best, Preferred, Standard Plus, Standard. Non Tobacco and Tobacco classes.

Optional Benefits and Riders: Living Needs Benefit, Children Level Term Rider, Accidental Death Benefit, Enhanced Disability Benefit, BenefitAccess Rider

SAGICOR LIFE INSURANCE

Sagicor

Policy Name: Sage No Lapse Universal Life Insurance

Financial Ratings: A.M. Best (A-).

Minimum Face Amount: $25,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 121

Issue Ages: From ages 0 through 85 years old

Health Class Ratings: Preferred, Standard Plus, Standard. Non Tobacco and Tobacco classes.

Additional Riders:  Children’s Term Rider, Accelerated Benefit Insurance Rider, Accidental Death Benefit Rider, Waiver of monthly Deductions Rider

symetra AG Secure Lifetime GUL III

Symetra

Policy Name: AG Secure Lifetime GUL III

Financial Ratings: A.M. Best (A). S&P (A). Moody’s (A3). Fitch (A)

Minimum Face Amount: $50,000

Maximum Face Amount: Over $10,000,000

Coverage Lengths: Age 95, Age 100, Age 121

Issue Ages: From ages 16 through 85 years old

Health Class Ratings: Preferred Plus, Preferred, Standard Plus, Standard. Non Tobacco and Tobacco classes.

Additional Riders: Chronic Illness Plus Rider, Charitable Giving Benefit, Additional Term Rider, Accidental Death Benefit Rider


Get Guaranteed Universal Life Quotes Now

We’re going to show you how to get instant Guaranteed Universal Life insurance quotes on our website.

Let’s look at how you can quickly run instant GUL quotes step by step:

  • STEP 1: Use our “Instant Quotes” life insurance quoter on the side of this guide (Top if on mobile).
no lapse guarantee life insurance quotes

Step 1

  • STEP 2: Complete the requested fields with your specific details. Under “Type of Insurance” you will want to select “Lifetime” from the dropdown selections.
Instant Guaranteed Universal Life Insurance Quotes

STEP 2

  • STEP 3: Click on “Display Quotes” once you’ve completed the above steps and your quotes will be populated. Results will vary depending on your age, benefit amount and state.

Life Insurance Blog

We’re here to help you get the coverage you need to protect your loved ones and future. We have access to over 40 of the best life insurance companies to make sure you’re getting the best deal possible.

Every company will look at your health, lifestyle and other underwriting criteria. That’s why it so important to work with an independent agent like Life Insurance Blog. We’re independent which means we don’t push any company- We just find the ones that will give you the best rate.

Contact us today at 888-411-1329, run a free quote or leave a comment below. We look forward to helping you!

 

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Michael Quinn

Michael Quinn is the founder of LifeInsuranceBlog. If you have specific questions or face challenges getting coverage. Please email or call me a call at 888-411-1329 - Either way, I'm happy to help you.

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