brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
Rich_in_Tampa said:Thanks. If its purpose is only to provide death benefit, are the premiums competitive with level term over, say, 20 years? That is, if I am interested only in buying death benefit, what might be the reason to choose No-Lapse Guarantee Universal Life, if not premium cost?
Depending on your age, the premiums for NLGUL might be higher than 20 year term for a simple reason: if you live 20 years or lapse the policy, the insurer is off the hook with the 20 year term policy. With NLGUL, the policy lasts as long as you do and the insurer knows for sure that they will be paying a claim.