It stands for guideline level premium; with respect to life insurance (particularly universal life insurance), it is the level annual...

With respect to life insurance (particularly universal life insurance), it is the level annual amount that would be required on...

It stands for guideline single premium; with respect to life insurance (particularly universal life insurance), it is the premium at...

With respect to life insurance (particularly universal life insurance), it is the premium at issue with respect to future benefits...