A no-lapse guarantee is a premium and policy feature in certain universal life and indexed universal life products that ensures the policy will remain in force for a specified period-even for life-provided that contractual premium and timing requirements are met, regardless of actual cash value performance. Instead of relying solely on the accumulation value to cover monthly deductions, the policy tracks a shadow account or guarantee test account. As long as cumulative premiums meet or exceed the required pattern, the guarantee keeps the death benefit in force even if cash values are depleted by low interest crediting or increased charges. No-lapse guarantees can provide strong lifetime death benefit security but may reduce flexibility, because missed or late premiums can permanently shorten or void the guarantee period.

In the field, advisors use no-lapse guarantee products for clients who prioritize permanent death benefit certainty over cash value accumulation, such as in estate planning, business buy-sell funding, or pension maximization strategies. Producers carefully explain that the guarantee depends on paying specified premiums on time and that underfunding or changes in face amount or riders can weaken or terminate the guarantee. Inforce illustrations show both guaranteed and current-projection columns, highlighting how the no-lapse guarantee behaves under different funding patterns. During policy reviews, agents verify that clients have maintained required premiums and may recommend catch-up payments if the guarantee duration has shortened. Understanding no-lapse guarantee mechanics helps advisors evaluate trade-offs between flexibility, accumulation potential, and long-term death benefit security.