In the past, guaranteed universal life (GUL) was priced well and easy to understand. This permanent life insurance was attractive because the premiums were certain, the policy often went to age 120, and risks were low. In this episode of the PFP Section podcast, Marc Minker interviews experts Susan Bruno and Martin Flaxman to understand the changes he is seeing in practice. They discuss:

Why carriers are withdrawing from offering GUL and what is pushing up the prices.
Why it will now require more analysis to know which type of product is best for your clients.
What are the other product options and how can you simplify decisions in the face of complexity?

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This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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Life insurance: What happened to guaranteed universal life? {PFP Section}

AICPA Personal Financial Planning (PFP)

Life insurance: What happened to guaranteed universal life? {PFP Section}