Group Universal Life products are voluntary, portable group life insurance products designed to supplement your existing benefits programs by providing your employees with an additional means of helping to provide financial protection to their families.

GUL is easy to administer and is generally an employee-pay-all (voluntary) program, so your administrative workloads are reduced and costs minimized. The employee pays for this benefit, and therefore has control over how the benefit is used for as long as the certificate is in force. GUL offers employees the opportunity to build a tax-deferred cash fund. In addition, attractive program features will be appreciated by employees and show your concern for their financial protection.

GUL allows you to offer additional methods of employee life insurance and cash accumulation without FAS106 liabilities and relieves you from the day-to-day administrative tasks typically associated with life insurance. Participants will benefit from flexibility, competitive interest rates, tax advantages, retirement options, loan and withdrawal privileges.

Like most group insurance policies, group universal life insurance policies contain certain exclusions, reductions, limitations, and terms for keeping them in force.

Please contact us for costs and complete details.