Are You Sure That Guaranteed Universal Life Policy Is Guaranteed?

Guaranteed Universal Life (GTD UL) policies have been a mainstay in the TOLI world, providing lifetime “guaranteed” coverage for a very cost efficient premium.  As our earlier Blog (Happy New Year……The Cost of (Some) Life Insurance Just Went Up) pointed out, GTD UL’s do not provide significant cash value, but in the TOLI world where low cost death benefit is important, they fit the bill.