Guaranteed Universal Life: individual coverage, refer to ages at right
Guaranteed UL with Return of Premium option: American General
“Secure Lifetime GUL 3”
At the end of Policy Year 20, you may fully surrender the policy and receive 50% of premiums paid; or, alternatively,
At the end of Policy Year 25, you may fully surrender the policy and receive 100% of premiums paid
The Enhanced Surrender Value (“ROP”) Rider is limited to a maximum cap of 40% of the specified face amount; for example, the benefit under a policy with a $1,000,000 specified amount could never be greater than $400,000
Survivorship Life Insurance for Couples
Survivorship life insurance, or second-to-die or survivor insurance, insures a couple’s estate planning needs. These policies which cover two people are much less expensive than individual coverage, and with many carriers only one in the couple needs to be insurable. That’s one reason to look for joint coverage in estate planning, if one of the couple is in poor health. Also at whatever health it is much less expensive than getting two separate policies.
All carriers quoted have lifetime no lapse guarantees, age 120 or longer, which is what you want: pay on time and coverage is guaranteed to stay in force for life.
Age 64 – Male & Female
| Face Amount | Annual at Preferred Plus . |
Annual at Preferred |
Annual at Standard Plus |
Annual at Standard | Carrier |
| $1,000,000 | $13,531 | $14,237 | $17,158 | $18,975 | Prudential |
| $16,275 | $17,680 | $20,399 | $20,992 | Nationwide | |
Prudential is age last birthday rates, Nationwide is nearest age rates.
This is a very, very small sample, but it is a starting point. I can run comparison quotes on all the major competitive carriers factoring in age, health and carrier underwriting to find the best rates.
see Indexed Survivorship Universal Life for more options.
Single-Premium Life Insurance
leverage funds for a larger estate, some plans also come with living benefits for chronic illness or long term care insurance
Example: Male, age 64, preferred non-tobacco:
$569,424.34 single-premium: $1,000,000 face amount
age 131 no-lapse Guaranteed Universal Life
Enhanced Surrender Value Year 20: $284,712
Enhanced Surrender Value Year 25: $400,000
Life Insurance uses in Estate Planning
17 States Levy an Estate or Inheritance Tax
Check on estate taxes in your state
Please contact me your free quote
Licensed agent: Sean Drummey
phone: (910) 328-0447
email: spdrummey@gmail.com
Carriers and Products quoted:
American General Life Insurance Company: “Secure Lifetime GUL 3”
Prudential: “PruLife SUL Protector”
Nationwide: “Survivorship Indexed Universal Life 2020”
last partial update 3/16/2023 quotes subject to change, nearest dollar, non tobacco rates, quotes assume both insured are the same rate classification