Guaranteed Universal Life (GUL) vs. Traditional Universal Life (UL): What You Need to Know

If you’ve ever owned a traditional universal life insurance policy, you might already know the pain points. Back in the 1980s and 1990s, interest rates were sky-high, and policies were designed assuming they’d stay that way. Fast forward a few decades, and that assumption has caused real problems. We’ve spoken with dozens of policyholders who’ve seen their premiums double—or worse. What went wrong? It’s simple: Many people discovered too late that their policy would require …

Read moreGuaranteed Universal Life (GUL) vs. Traditional Universal Life (UL): What You Need to Know

Mortgage Life Insurance or Term Life Insurance: What is The Difference

Mortgage Life Insurance also known as Mortgage Protection Insurance (MPI), is designed for one purpose, to pay off the debt on a mortgage if the owner passes away while paying down the loan on their property. Now, term life insurance can be used for any purpose, including but not limited to a mortgage payoff. Under most circumstances, a term life insurance policy is a better choice and offers a lot more options. In this article, …

Read moreMortgage Life Insurance or Term Life Insurance: What is The Difference