Mutual of Omaha uses Dial-A-Guarantee to market their universal life insurance (UL). It’s an apt phrase. You can dial in coverage UL for any age: 90, 95, 100, or whatever to save money. Many carriers offer 30 year term up to age 65, so you can dial in less expensive term to age 95. How long you dial-in coverage is debatable. It’s tough to make it to 100. Then again, recently Fred Buckles, the last U.S. First World War veteran, died at 110. Genworth Life and Annuity’s UL fixed rate maximum is age 110, but has a catch up provision to extend it to age 121. If you do decide to dial-a-guarantee, make sure the coverage has a catch up provision. Stay away from universal life that covers to age 100 and stops. It’s just not necessary when age 120 coverage is not much more. Age 120 UL rates are so good that dial-a-guarantee is generally not worth it. But then again since Genworth’s Term UL has such great rates and a versatile UL extension, you have to take a close look at your options.