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 …
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