Updated September 6, 2023, at 11:38 AM

Years ago, I wrote an article sharing my take on the state of guaranteed universal life (GUL) products and how they stack up against IUL products. At the time, it was the classic “GUL vs. IUL” debate.

Back then, carriers were slowly shifting gears from these tried and true “permanent term” plans into more flexible, protection-based IUL products. These new products promised comparable premiums, conservative cash value growth, and guarantees to life expectancy.