If you’re trying to look for insurance with near lifetime coverage for a cheaper price point, you could possibly consider a guaranteed Index Universal Life Insurance Germantown policy. In contrast to other types of universal life insurance, there’s no cash value component with this sort of policy, which implies the premiums don’t change over the lifetime of the policy.
But, the underside of such is that since there’s no cash value, if you halt in paying the premiums, your policy will lapse since there’s no cushion to fall back on to hide the value of the policy.
Even if the shortage of money value may deter some people from considering this selection, bear in mind that the premiums on secured universal life policies are significantly lower in comparison to other permanent life insurance options.
