A method of live well artificial lift completion includes hanging an umbilical on a wellhead of a live well, the umbilical fluidly coupling a production pump to a well surface and electrically coupling an electric motor to a surface power source, the electric motor powering the production pump. The umbilical includes coiled tubing surrounded by a jacket. The umbilical also includes power cables extruded inside the jacket to form a smooth jacket outer surface. The method also includes creating a pressure seal inside the umbilical during deployment of the umbilical into the live well, the pressure seal inside the umbilical created using a blowout plug positioned to block a discharge of the production pump. The method further includes forming an annular pressure seal during deployment of the production pump to obtain well control, the annular pressure seal formed using an annular bag coupled to the wellhead.