Guardian reprices universal life product

At a time when many carriers are raising rates on universal life policies with secondary guarantees, Ferik pointed to the benefit of a UL policy with cash value that can be accessed for a variety of “living benefits.” For example, a business that has funded its Key Person insurance plan with ULtraLife UL can take advantage of the policy’s built-in flexibility for loans or as collateral to help the business grow.

Guardian also offers several key rider options, including an Enhanced Accelerated Benefit Rider (EABR) that pays a portion of the death benefit in advance should a permanent chronic illness or a terminal illness occur, and two disability waiver options (Waiver of Specified Amount Rider and Waiver of Monthly Deductions Rider) to cover the policy premium in the event of a disability.

For more information, visit www.GuardianLife.com.