Genworth has introduced a new universal life insurance product with a no-lapse guarantee. Colony LifeLong UL features a guaranteed death benefit for life, or can be designed to provide a lesser guaranteed at a lower price. The product is most competitive in the “level pay” premium scenario for people that are more interested in maximizing their death benefit rather than accumulating cash value. Premiums are most competitive for under age 65 in the standard to Preferred Plus risk classifications and up to $5 million in death benefits.
***UPDATE*** This policy is no longer available for sale.
To get an instant quote for other universal life insurance policies available, CLICK HERE and choose the “no lapse – to age 121” option on the quoting software. You can also give us a call at 1-888-972-0024 from 9 AM to 9 PM or CLICK HERE to send us an e-mail 24 hours a day.