I'm Ty Stewart, founder of SimpleLifeInsure.com.  I'm an independent agent who works with clients nationwide to secure affordable life insurance and make the process simple and easy.  This article draws upon my years of experience working with clients, carriers, and underwriters.  My team and I focus solely on life insurance, and we have put over 9,000 policies in force.  Let us know if we can help.  There is never any cost or pressure when using our services.

Best Guaranteed Universal Life Insurance (GUL) Companies

Written by Ty Stewart - Last Updated December 17, 2018

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I don't care what anyone tells you.

It's not possible to have a "​​Best" life insurance company. (we will get close though).

Companies change every year. The products and policies they offer change as well. (we update this article constantly

And the right GUL company for one person's needs will be totally different from the best carrier for someone else. This is due to financial and legacy planning as well as different medical histories of the insured.

What is Guaranteed Universal Life Insurance? (expand to learn more)

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Top Guaranteed Universal Life Insurance Companies by Category

Overall

  • 1
    American General (AIG)
  • 2
    Protective

Value

  • 1
    American General
  • 2
    American National

Financial Strength

  • 1
    Mass Mutual
  • 2
    Mutual of Omaha

Pricing

  • 1
    American General 
  • 2
    Symetra

Riders

  • 1
    Mutual of Omaha
  • 2
    Protective

Underwriting

  • 1
    Prudential
  • 2
    Protective

No Exam

  • 1
    Sagicor
  • 2
    American National

Above you have our top guaranteed universal companies based on different criteria. 

Below we'll take you deeper into our overall rankings of the best GUL companies, sometimes referred to as "no lapse".

For each company we'll show you:

  • Sample quotes
  • Company financial strength
  • Policy strengths and weaknesses
  • Availability of skipping the medical exam

Let's dive in...

2018 Rankings for the Best Guaranteed Universal Life Insurance Companies

Top guaranteed universal life companies as rated by SimpleLifeInsure.com

(Click to skip ahead to a certain company)

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1

AIG (American General) guaranteed universal life insurance

American General (AIG)
Secure Lifetime GUL 3

Company Financial Ratings:

  • A.M. Best - A - Excellent
  • Moody's - A2 - Good credit
  • Standard and Poor's - A+ - Strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Fast and efficient underwriting process
  • Competitive (low) premiums for most people
  • Return of premium rider included at no extra charge

Weakness

  • Some specific health conditions may result in a lower health rating

AIG Guaranteed Universal Life Quotes

45-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121

$250,000

$174

$176

$187

$500,000

$335

$338

$360

$1,000,000

$642

$648

$694

55-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121

$250,000

$231

$232

$258

$500,000

$441

$443

$495

$1,000,000

$838

$843

$949

2

Protective guaranteed universal life insurance

Protective Advantage Choice

Company Financial Ratings:

  • A.M. Best - A+ - Superior
  • Moody's - A2 - Good credit
  • Standard and Poor's - AA-  Very strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Fastest underwriting in the industry - Protective orders medical records at the same time as the exam which shaves weeks off the process
  • Affordable premiums, especially for the value received
  • Lots of flexibility is built into the GUL product automatically

Weakness

  • Does not offer a return of premium rider

Protective Guaranteed Universal Life Quotes

49-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121

$250,000

$199

$215

$251

$500,000

$398

$430

$502

$1,000,000

$711

$767

$896

51-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121

$250,000

$181

$197

$243

$500,000

$361

$393

$485

$1,000,000

$663

$722

$883

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3

prudential guaranteed universal life insurance

Prudential UL Protector

Company Financial Ratings:

  • A.M. Best - A+ - Superior
  • Moody's - A2 - Good credit
  • Standard and Poor's - AA- - Very strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Lenient underwriting, very good for high-risk health conditions
  • Extremely strong financially backed company
  • No additional premiums charged to move up from age 90 policy to age 121

Weakness

  • Cost of premiums is generally higher than competition for many age bands
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    Riders included in the regular policy are limited, must pay to add

Prudential Guaranteed Universal Quotes

55-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121

$250,000

$257

$257

$257

$500,000

$502

$502

$502

$1,000,000

$939

$939

$939

50-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121

$250,000

$171

$171

$171

$500,000

$330

$330

$330

$1,000,000

$603

$603

$603

4

ANICO guaranteed universal life insurance

American National
Signature Guaranteed UL

Company Financial Ratings:

  • A.M. Best - A - Excellent
  • Moody's - Aa2 - Excellent credit
  • Standard and Poor's - A - Strong

Do I have to take a medical exam?


Age 65 and below can get up to $250,000 in coverage at ANICO without submitting to a medical exam if you are in good health. This means the electronic underwriting checks cannot throw up too many red flags such as the drug prescription report.

​​​​ 

Strength

  • Low life insurance rates for many age levels
  • Possible to skip the medical exam for those in good health and lower death benefit amount
  • Guaranteed return of premium (cash out) option to recoup your premiums in the future

Weakness

  • Tough underwriting for some high-risk conditions may lead to higher premiums 

American National Guaranteed Universal Quotes

53-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 95

to Age 105

to Age 121

$250,000

$207

$234

$238

$500,000

$405

$460

$470

$1,000,000

$769

$881

$904

47-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 95

to Age 105

to Age 121

$250,000

$123

$145

$151

$500,000

$239

$284

$295

$1,000,000

$468

$559

$583

5

Sagicor guaranteed universal life insurance policy

Sagicor Sage No Lapse Universal Life Insurance 

Company Financial Ratings:

  • A.M. Best - A- Excellent

Do I have to take a medical exam?


Sagicor is a leader in the no exam market and will consider up to $500,000 in coverage on their GUL product for those age 65 and below. No exam health classes go down to Standard


Those with health concerns may still be considered at substandard class levels but will be requested to take an exam.

​​​​ 

Strength

  • Low priced premiums in the lower death benefit ranges, up to 100K
  • Only requires a 25K minimum to apply, lower than most GUL carriers
  • Fast underwriting with no medical exam up to $500K

Weakness

  • Do not offer as many health classes which may result in higher premiums depending on your health profile.
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    Does not offer a return of premium rider
  • close
    Can be strict underwriting for certain medical issues

Sagicor Guaranteed Universal Life Quotes

50-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 120

$250,000

$227

$500,000

$434

$750,000

$652

$1,000,000

$855

45-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 120

$250,000

$128

$500,000

$238

$750,000

$357

$1,000,000

$473

See our full Sagicor GUL review

6

Mutual Of Omaha no-lapse universal life insurance

Mutual of Omaha
Guaranteed Universal Life

Company Financial Ratings:

  • A.M. Best - A+ - Superior
  • Moody's - A1 - Good credit
  • Standard and Poor's - AA- Very strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Fit underwriting credit program can offset health issues and lower your premiums
  • Extremely strong company with long history in the life insurance market
  • Good selection of riders including a return of premium option

Weakness

  • Pricing is higher than several other companies that offer GUL

Mutual of Omaha Guaranteed Universal Quotes

50-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121

$250,000

$213

$240

$249

$500,000

$412

$465

$484

$1,000,000

$792

$897

$935

48-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121

$250,000

$165

$183

$190

$500,000

$317

$352

$365

$1,000,000

$606

$675

$701

Banner Life Insurance Company

Banner Life Step UL

Company Financial Ratings:

  • A.M. Best - A+ - Superior
  • Moody's - A2 - Good credit
  • Standard and Poor's - AA- Very strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Long company history of strong financial performance
  • Underwriting is slightly lenient and favorable 
  • Very small cost difference to increase from age 100 guarantee up to age 121

Weakness

  • High priced premiums, many carriers offer lower rates
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    Limited riders and options to customize your policy

Banner Guaranteed Universal Quotes

45-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 95

to Age 110

to Age 121

$250,000

$286

$297

$300

$500,000

$555

$582

$582

$1,000,000

$1097

$1152

$1152

43year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 95

to Age 110

to Age 121

$250,000

$202

$232

$232

$500,000

$385

$445

$446

$1,000,000

$758

$878

$880

See our full Banner GUL review

8

symetra guaranteed universal life insurance

Symetra UL-G

Company Financial Ratings:

  • A.M. Best - A - Excellent
  • Moody's - A2 - Good credit
  • Standard and Poor's - A - Strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Living benefits riders permit a larger portion of the death benefit to be advanced than most other carriers
  • Low priced premiums for most age levels
  • Underwriters will use the Good Life Rewards crediting program to try and offset health issues when possible

Weakness

  • Return of premium option not included by default, must pay extra
  • close
    Other GUL carriers have stronger financial ratings and history

Symetra Guaranteed Universal Life Quotes

50-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 100

to Age 105

to Age 120

$250,000

$203

$213

$225

$500,000

$379

$423

$446

$1,000,000

$767

$833

$904

48-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 100

to Age 105

to Age 120

$250,000

$164

$183

$186

$500,000

$314

$350

$357

$1,000,000

$602

$673

$688

See our full Symetra GUL review

9

Lincoln Financial no-lapse universal life insurance

Lincoln Financial
LifeGuarantee UL

Company Financial Ratings:

  • A.M. Best - A+ - Superior
  • Moody's - A1 - Good credit
  • Standard and Poor's - AA- Very strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Underwriting is forgiving for many high-risk health conditions
  • Receives all A grades from the financial rating agencies

Weakness

  • Pricing is higher than several GUL carriers
  • close
    Does not offer a return of premium rider

Lincoln Financial Guaranteed Universal Quotes

55-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 121

$250,000

$294

$500,000

$588

$750,000

$881

$1,000,000

$1,175

50-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 120

$250,000

$195

$500,000

$390

$750,000

$585

$1,000,000

$780

10

north american life and health insurance company's guaranteed universal policy

North American
Custom Guarantee

Company Financial Ratings:

  • A.M. Best - A+ - Superior
  • Moody's - A2 - Good credit
  • Standard and Poor's - A+ - Strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Comprehensive living benefits included automatically
  • Lenient underwriting for some health issues

Weakness

  • Pricing quotes not easy to obtain for comparison
  • close
    Standard Plus health class not offered
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11

Mass Mutual guaranteed universal life insurance policy

Mass Mutual UL Guard

Company Financial Ratings:

  • A.M. Best - A++ - Superior
  • Moody's - Aa2 - Excellent credit
  • Standard and Poor's - AA+ - Very strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Good pricing for age 70 and up
  • Low premiums for single premium (SPL) payment 
  • Elite financial background and stability

Weakness

  • Limited choices for riders and policy customization
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    High cost of premiums for most people
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    Rates not easily available online

12

review of the Cincinnati Life Insurance company's guaranteed universal policy

Cincinnati Life
LifeHorizons LifeSetter GUL

Company Financial Ratings:

  • A.M. Best - A - Excellent
  • Moody's - A3 - Good credit
  • Standard and Poor's - A+ - Strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Competitive pricing for women
  • Top notch customer service track record

Weakness

  • Maximum age of issue is 75, lower than most GUL providers
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    Rider choices are very limited, a bare-bones policy

Cincinnati Life Guaranteed Universal Quotes

50-year-old male at Preferred (Select) health class - pricing listed is per month

Death Benefit

to Age 121

$250,000

$262

$500,000

$513

$750,000

$765

$1,000,000

$998

48-year-old female at Preferred (Select) health class - pricing listed is per month

Death Benefit

to Age 121

$250,000

$192

$500,000

$373

$750,000

$555

$1,000,000

$721

13

Principal guaranteed universal life insurance product

Principal Financial 
Universal Life Protector IV

Company Financial Ratings:

  • A.M. Best - A+ - Superior
  • Moody's - A1 - Good credit
  • Standard and Poor's - A+ - Strong

Do I have to take a medical exam?


If you are in excellent health, you may qualify for Principal's accelerated underwriting. Roughly half of those applicants in the Preferred or Super Preferred health classes will be able to skip the medical exam. This applies for up to $1,000,000 in death benefit.

​​​​ 

Strength

  • Healthy Lifestyle underwriting credits can offset some health issues
  • Low priced premiums for some situations
  • Possible to get up to $1M in coverage without a medical exam if in great health

Weakness

  • Return of premium rider is additional charge  unlike competing carriers

Principal Guaranteed Universal Life Quotes

52-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121

$250,000

$212

$242

$253

$500,000

$425

$484

$506

$1,000,000

$804

$873

$905

49-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121

$250,000

$149

$174

$183

$500,000

$298

$348

$366

$1,000,000

$541

$614

$671

14

Nationwide guaranteed universal life insurance

Nationwide YourLife
No Lapse Guaranteed UL

Company Financial Ratings:

  • A.M. Best - A+ - Superior
  • Moody's - A1 - Good credit
  • Standard and Poor's - A+ - Strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Cost of premiums are low for those that qualify
  • Some applicants will qualify for Wellness credits that can lower your premium payment
  • Long-term care rider is available

Weakness

  • Underwriting is strict which will result in higher rates for many people
  • close
    Standard Plus risk class is not available 

Nationwide Guaranteed Universal Quotes

50-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 100

to Age 120

$250,000

$211

$215

$500,000

$417

$425

$750,000

$626

$638

$1,000,000

$804

$821

47-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 100

to Age 120

$250,000

$159

$162

$500,000

$302

$313

$750,000

$453

$470

$1,000,000

$570

$596

15

guaranteed universal life insurance at the John Hancock company

John Hancock
UL - G 13

Company Financial Ratings:

  • A.M. Best - A+ - Superior
  • Moody's - A1 - Good credit
  • Standard and Poor's - AA- Very strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Company has a long history of demonstrating financial strength
  • Innovative Vitality program can reduce premium payments over time for people leading a healthy lifestyle

Weakness

  • Underwriting will decline and not consider several health conditions that can be approved at other carriers
  • close
    Limited rider choices and does not offer Return of Premium

John Hancock Guaranteed Universal Quotes

49-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121

$250,000

$256

$265

$273

$500,000

$500

$518

$533

$1,000,000

$988

$1024

$1055

44-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121

$250,000

$176

$182

$188

$500,000

$340

$353

$365

$1,000,000

$668

$694

$718

16

Penn Mutual guaranteed universal life insurance review

Penn Mutual
Guaranteed Protection Universal Life

Company Financial Ratings:

  • A.M. Best - A+ - Superior
  • Moody's - Aa3 - Excellent credit
  • Standard and Poor's - A+ - Strong

Do I have to take a medical exam?


Yes

​​​​ 

Strength

  • Includes a higher than normal guaranteed interest rate
  • Company has a long history of financial strength

Weakness

  • Price of premiums is expensive
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    Quotes difficult to obtain, cannot view online without speaking to a sales rep
  • close
    Standard Plus health class is not available
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Why Choose a GUL Policy?

Guaranteed universal life insurance is a good choice for people that want the simplicity and low cost of term insurance without the complexity and high premiums of whole life and regular universal. GUL is a perfect blend.

With GUL you get:

  • Guaranteed lifetime protection that will not lapse - The reason you have life insurance is to protect against the loss of life and make sure you're beneficiaries will be OK. GUL does that up to age 121. 
  • Guaranteed level premium payment - Since these policies aren't tied to assumptions on interests rates, they aren't subject to investment performance. Universal life insurance (without the guarantee) was a huge hit in the 80's and 90's but many of these policies are going horribly wrong

This is causing premiums to rise by a lot, later in life when people don't have the income to support it. The worst part is that many of these people at advanced ages may have trouble replacing their policies at a reasonable cost due to health issues they didn't have 30 years ago.

  • Easy to understand - You choose the amount of coverage you want and how long you want it to be guaranteed for. Typical choices include at 110 or age 121. Riders exist to enhance and customize the policy if needed but you don't have to worry about all the moving parts of cash accumulation scenarios in a whole or regular universal product.
  • Affordable premium payment - GUL will be a little more expensive than a straight term policy but in return, you get the coverage guaranteed for life and don't have to worry about what happens when that term expires at age 85. Typically at this point, all you will qualify for is a small policy to cover burial expenses.

You can expect a no-lapse universal product to be only about 30% of the cost of a full-blown universal policy where you are trying to build up cash and have to worry about market risk.

Finding the Right Guaranteed Universal Policy for You

We put a lot of time into our rankings in this article and to keeping them accurate and updated.

However...

Just calling the top few companies can be a huge mistake

Whether you are in great health or have some medical issues, the smallest thing can mean a big difference in the price you pay for life insurance. This is because every company maintains their own underwriting guidelines. 

Our suggestion is this: 

Get a feel for what you are looking for in a policy, what is important to you?

Then run some quotes on this page. It's configured to only display guaranteed universal life quotes. Keep in mind, some carriers don't allow their GUL pricing to be put online so the quoter won't be able to give you the full picture but it's a great start. 

As an independent broker, we aren't married to any one company and will always listen and advise the best options for each clients situation, without any pressure.

If you hadn't figured it out by now, we are passionate about guaranteed universal life insurance! 

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About Ty Stewart
Ty Stewart is the founder of SimpleLifeInsure. He is an independent life insurance agent that works for his clients nationwide to secure affordable coverage while making the process simple. There is never any cost to use his services.

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