How do you use life insurance to balance benefits, accumulation and income; and also balance guarantees and upside potential?

We recently reviewed a presentation of how to combine Guaranteed Universal Life (GUL) with Indexed Universal Life (IUL) to provide this balance. Typically when comparing IUL to Par Whole Life (PWL) you see greater upside potential with a trade-off for lower guarantees; more flexibility with a trade-off of needing to be sure this flexibility is managed properly.

When comparing GUL to IUL or PWL, you see the lower cost of guaranteeing a death benefit with the trade-offs of limited or no cash value in GUL.