GUL
Business & Finance abbreviation · Insurance
| Stands for | Guaranteed universal life |
|---|---|
| Categories | Business & Finance |
GUL stands for Guaranteed universal life, an insurance abbreviation.
Universal life policy designed mainly for a lifetime guaranteed death benefit at a lower premium than whole life, with little or no cash value accumulation.
Example: A GUL policy guaranteed to age 100 is cheaper than whole life for estate planning.
Usage notes
Missing or late premiums can weaken the guarantee, so payments must be made on schedule.
Related abbreviations
More insurance abbreviations
- FIA – Fixed indexed annuity
- FNOL – First notice of loss
- FPI – Force-placed insurance
- FR-44 – FR-44 certificate of financial responsibility
- GAP – Guaranteed asset protection
- GL – General liability insurance
- GWP – Gross written premium
- HO-3 – Homeowners 3 special form
- HO-4 – Homeowners 4 contents broad form
- HO-5 – Homeowners 5 comprehensive form
- HO-6 – Homeowners 6 unit-owners form
- IBNR – Incurred but not reported