Universal Life Insurance

Life Insurance Retirement Plan, under Internal Revenue Code Section 7702

Funded with: Universal Life Insurance

Policy Highlights

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*Some Universal Life Insurance policies are designed to provide a guaranteed death benefit with a minimum premium outlay that is guaranteed, at the expense of cash surrender value accumulation. They are often called GUL, which stands for Guaranteed Universal Life, or NLG UL, which stands for No Lapse Guarantee Universal Life. These policies are excellent death benefit products, but may not be appropriate for cash surrender value accumulation and for use as a retirement supplement.