Best Guaranteed Universal Life Insurance Companies

Best Guaranteed Universal Life Insurance Companies
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    Looking for the Best Guaranteed Universal Life Insurance Companies? We looked at the all important factors in order to determine what is the best life insurance company for guaranteed universal life. The factors that we analyzed included a company’s financial ratings, coverage amounts, coverage length, issue ages and more.

    Read more about how Guaranteed Universal Life policies work.

    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 actually is. No matter what type of coverage you’re shopping for there are always some life insurance advantages and disadvantages.

    Guaranteed Universal Life, also referred to as GUL, it is a type of permanent life insurance that can provide coverage for your entire life. Guaranteed Universal Life (GUL) is a fully guaranteed life insurance policy.

    GUL is not designed to be a cash accumulation policy like Whole life, traditional Universal Life insurance 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. It isn’t made for cash value.

    life insurance quote

    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 than Term Life and can provide true lifetime coverage like Whole Life

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

    The Top Guaranteed Universal Life Insurance Companies

     

    american general life insurance

    AIG – American General Life Insurance Company

     

    Policy Name: AG Secure Lifetime GUL III

    American General AG Secure Lifetime GUL III features:

    • 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.

    Want more AIG reviews?

    american national no exam life insurance

    ANICO – American National Life Insurance

     

    Policy Name: Signature Guaranteed UL

    ANICO Signature Guaranteed UL features:

    • 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 Death Benefit, Disability Waiver of Premium, Children’s Term Rider, 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.

    Looking for more American National reviews?

    John Hancock Life Insurance Company Review

    John Hancock

     

    Policy Name: UL-G

    John Hancock UL-G features:

    • 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:  Life insurance riders include; 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.

    Want more John Hancock reviews?

    Lincoln Financial Life Insurance Company Review

    Lincoln Financial

     

    Policy Name: LifeGuarantee UL

    Lincoln Financial LifeGuarantee UL features:

    • 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.

    Want more Lincoln Financial reviews?


    METLIFE LIFE INSURANCE

    Metlife

     

    Policy Name: Provider Universal Life

    MetLife Provider Universal Life features:

    • 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.

    For more, see our MetLife Insurance Company Review


    MUTUAL OF OMAHA LIFE INSURANCE

    Mutual of Omaha

     

    Policy Name: Guaranteed Universal Life

    Mutual of Omaha Guaranteed Universal Life features:

    • 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

    For more, read our:

    nationwide YourLife No Lapse Guaranteed UL

    Nationwide

     

    Policy Name: YourLife No Lapse Guaranteed UL

    Nationwide YourLife No Lapse Guaranteed UL features:

    • 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

    For more, see our: 

    north american non medical exam life insurance

    North American

     

    Policy Name: Custom Guarantee Gen 8

    North American Custom Guarantee Gen 8 features:

    • 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

    For more, see our:

    penn mutual GUL

    Penn Mutual

     

    Policy Name: Guaranteed Protection Universal Life

    Penn Mutual Guaranteed Protection Universal Life features:

    • Financial Ratings: A.M. Best (A+). S&P (A+). Moody’s (Aa3). Fitch (A+)
    • Minimum Face Amount: $100,000
    • Maximum Face Amount: Over $10,000,000
    • Coverage Lengths: 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: Chronic Illness Rider, Accidental Death Rider, Bisability Benefit Rider, Child Term Rider, Accelerated Death Benefit Rider, Additional Insured Term Rider, Guaranteed Increase Option Rider.

    Policy Advantages: Lifetime coverage: Penn Mutual’s GUL provides and affordable option for lifetime protection. Flexibility: Penn Mutual’s GUL premiums provide you the option of payment flexibility. Benefits: You get an accelerated death benefit rider included at no extra cost.

    TARGET MARKETS; Whole Life insurance, wealth accumulation.

    For more, see our

    principal non medical exam life insurance

    Principal Life

     

    Policy Name: Universal Life Protector IV

    Principal Life Universal Life Protector IV features:

    • 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

    For more, see our Principal Life Insurance Company Review

    PROTECTIVE LIFE INSURANCE

    Protective

     

    Policy Name: Custom Choice UL

    Protective Custom Choice UL features:

    • 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.

    For more, see our:

    Prudential Life INSURANCE

    Prudential Life

     

    Policy Name: PruLife Universal Protector

    Prudential Life PruLife Universal Protector features:

    • 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

    For more, see our Prudential Life Insurance Company Review

    SAGICOR LIFE INSURANCE

    Sagicor

     

    Policy Name: Sage No Lapse Universal Life Insurance

    Sagicor Sage No Lapse Universal Life Insurance features:

    • 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

    For more, read our:

    symetra AG Secure Lifetime GUL III

    Symetra

     

    Policy Name: Symetra UL-G

    Symetra UL-G features:

    • Financial Ratings: A.M. Best (A). S&P (A). Moody’s (A3). Fitch (A)
    • Minimum Face Amount: $100,000
    • Maximum Face Amount: Over $10,000,000
    • Coverage Lengths: Age 100, 105, 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

    Want more Symetra reviews? 

    Get Guaranteed Universal Life Quotes Instantly

    We’re going to walk you through how to get instant Guaranteed Universal Life insurance quotes right from our website.

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

    • STEP 1: Use our “Instant Quotes” life insurance quoter on the side of this guide.
    • STEP 2: Complete the requested fields with your specific details. Under “Term Period” you will want to select “Lifetime” from the dropdown selections.

    guaranteed universal life insurance quote

    • STEP 3: Click on “Get 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.

    If you need a little more just reach out to us. We can walk you through the entire process and find out your appropriate health class rating so you’re comparing accurate quotes.

    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 60 carriers to make sure you’re getting the best deal possible. That means we shop not only for GUL, Whole Life and Final Expense, but also from the best term life insurance companies too. We have them all!

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

    If you’d like to learn more about today’s topic, check out our posts about pension maximization, Term vs Guaranteed Universal Life and advantages and disadvantages of universal life insurance.

    Have questions? Contact us today at or run a free quote using our life insurance calculator. We look forward to helping you!

    If you’re not sure where to begin, give us a call. Our agents provide a free, no-pressure, educational approach to life insurance. We’ll compare dozens of the top companies in minutes to show you your most affordable options. Toll Free: (888) 411-1329

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    Michael Quinn LIB

    About Michael Quinn

    Michael Quinn is the cofounder of Life Insurance Blog and a multi-state licensed life insurance agent. LIB has helped thousands of people understand life insurance and secure affordable coverage.

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