Common Life Coverage with No Lapse Assure Rider
Your fundamental possibility here’s a Common Life Coverage with a No Lapse Assure Rider. It is a type of everlasting life insurance coverage, however it is vitally much like time period insurance coverage in that your premium charges are locked in for a sure time frame— albeit an extended time frame than most time period life insurance policies.
See, a Assured Common Life coverage permits you to have premiums that by no means enhance, locking within the fee to age 90 and even larger.
Now, though GUL is everlasting life insurance coverage, it differs from different types of everlasting life insurance coverage by not increase important money worth over time. In any case, it isn’t designed to do that— it’s designed to offer you low-cost however everlasting life insurance coverage protection for so long as you reside.