Life Insurance Information Dictionary

Guaranteed Death Benefit Rider

Tweet

The Dictionary of Insurance Terms and Definitions

Universal life insurance policies give you the freedom to pay whenever you want, in whatever amount you want.  However, they also give you the responsibility to maintain sufficient cash value in your policy to cover all charges against it, and a lack of careful attention to cash value can lead to policy lapse.

A guaranteed death benefit rider sacrifices the freedom of universal insurance in favor of stability: a required payment schedule is imposed, but the policy is still a universal policy.  It is not designed to mature.

A few of the carriers we quote

For assistance call 1-800-823-4852 7am–6pm M–Th, 8am–5pm Friday (Pacific time).
Copyright © 2002-2012 Pinney Wholesale Insurance Services - All rights reserved. 2266 Lava Ridge Court, Roseville CA 95661.

R. Jan Pinney CLU, ChFC, is a licensed life insurance agent in all states and the District of Columbia. The following agent license numbers are provided for R. Jan Pinney as required by state law: CA agent #0440057, LA agent #291116, MA agent #1674866, MN agent #20270113, UT agent #58330, agent R. Jan Pinney, DBA Pinney Wholesale Insurance Services. Commercial use by others is prohibited by law. This site provides term quotes. Each rate shown is a quote based on information provided by the carrier. No portion of WholesaleInsurance.net may be copied, published, faxed, mailed or distributed in any manner for any purpose without prior written authorization of the owner.