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Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Lakewood, NJ Universal Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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Over 37 policy provider comparison.
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Benefit from exclusive deals offered only to residents of your state, and lock in huge rate discounts.
Customized policies just for you.
Our team tailors policies to your unique needs, meaning optimal coverage at competitive rates.
"I was totally lost trying to find the right Universal Life Insurance until I found PolicyHub. I was able to work with a licensed agent to compare all my options all at one. I got the perfect plan for me at a cheaper rate than I expected."
Barbara Winters
Policy Holder
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Step 2
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Step 3
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"I lost hope trying to find a Universal Life Insurance policy that wasn't insanely expensive. Thankfully PolicyHub helped me find the perfect policy that is affordable with high coverage. Thank you!"
Bill Barton
Policy Holder
PolicyHub is the smartest way to protect the people that matter most.
Safeguard Your Family
Universal Life Insurance means safeguarding your family in a worst-case scenario. Don't risk it.
Gain Peace of Mind
Far too many Americans are financially blindsided by the death of a loved one. But not your family.
Protect Your Business
Protect your business by ensuring a smooth transition of ownership with the right life insurance.
Beat Estate Taxes
Inheritance or estate taxes is burdensome for your heirs. A life insurance policy can help.
Invest in Your Future
For less than $1 per day, you can make a huge contribution to your family's financial safety.
Build Your Legacy
Through a life insurance policy, you can leave behind a legacy for your loved ones.
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With PolicyHub getting started is easy. Compare all the Universal Life Insurance rates from all the providers in Lakewood, NJ. Get started in under 15 minutes.
All your Universal Life Insurance needs in one place.
Universal life insurance is a type of permanent life insurance that has an investment savings element and low premiums like term life insurance. It is often adjustable, allowing you to alter the amount of coverage you have or the premiums you pay throughout the life of the policy. Part of your premium goes into an investment account, which generates a cash value that you may borrow against or invest.
Traditional universal life insurance offers flexible premiums and death benefits with cash value growth based on a set minimum interest rate. Variable universal life insurance allows policyholders to invest their cash value into various investment options, similar to mutual funds, with potential for higher returns but increased risk.
Indexed universal life insurance ties the cash value's growth to a stock market index, typically featuring a floor to guard against negative returns and a cap on potential gains. Guaranteed universal life insurance focuses on providing a guaranteed death benefit for lifetime coverage, with less emphasis on cash value growth, often making it a more affordable lifelong insurance choice.
Save time and get the best Universal Life Insurance policy with the cheapest rates. Guaranteed.
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Real PolicyHub testimonials...
"I knew I needed Universal Life Insurance but I didn't know where to go. I talked with a few other companies but the cost was outrageous. I found PolicyHub and found the perfect plan for me at an affordable cost."
Wendy Smith
Policy Holder
Get matched with a 5-Star Universal Life Insurance agent.
Roy Stephens
universal life insurance agent
Roy Stephens is a universal life insurance agent licensed in your state.
Mark Sidway
universal life insurance agent
Mark Sidway is a universal life insurance agent licensed in your state.
Cale Reeves
universal life insurance agent
Cale Reeves is a universal life insurance agent licensed in your state.
"I was searching for Universal Life Insurance but quickly found out that everyone was trying to sell me on policies I didn't need. Thankfully I found PolicyHub and get the cheapest rates and the right policy."
Nicole Nielson
Policy Holder
Introducing PolicyHub Price Match Guarantee
Our priority is to save you money while getting you the right coverage. If you find a lower rate for a similar policy anywhere else, we'll match it! With PolicyHub, you can rest assured knowing you're getting the best price for Universal Life Insurance in Lakewood, NJ.
Frequent Questions...
Universal life insurance in Lakewood, NJ offers coverage that lasts a lifetime, provided you are making your payments and maintaining your policy. Universal life insurance offers greater flexibility since you can adjust your payments and death benefit, enabling you to choose coverage that suits your needs and budget. Depending on your age, you can keep your policy going to the age of at least age 95 or even 120, allowing your policy to serve for generations.
What are the potential risks associated with universal life insurance quotes in Lakewood?
Potential risks associated with universal life insurance in Lakewood, NJ include the following: policyholders not making timely premium payments, causing the policy to lapse; policyholders withdrawing more money than the available cash value; and the possibility of asking for a death benefit that is larger than the policy was originally designed to provide. Additionally, the policy’s value may be less than the amount paid for the policy, and universal life policies may be subject to more complex fees and charges. It is important to understand the nature of the policy and potential risks thoroughly prior to purchase.
How can the cash value in my universal life insurance policy Lakewood grow over time?
One way that the cash value in your policy can grow over time in Lakewood, NJ is through the investment growth potential of whole life insurance policies. These policies earn interest or dividends that can contribute to the growth of the policy's cash value. Another way that the cash value can increase is through life insurance premiums paid by the policyholders, which are applied to the policy's cash value. Finally, the cash value can build up if bonuses are added to the policy by the insurance company. Bonuses are typically decided based on the current policy ownership period and other factors.
With universal life insurance near Lakewood, can I increase or decrease my premium amount after the policy starts?
It is possible to adjust your premium amount in Lakewood, NJ after a policy has started. However, this is dependent on the terms of your policy and your insurance provider. Your insurance provider will be able to review your policy and inform you of any restrictions that apply. You may also be able to request a change depending on your circumstances. It is important to get approval from your insurance provider before making any changes. If you have any questions regarding modifying your policy, please contact your insurance provider for assistance.
What investment options are available for the cash value component after my universal life insurance quote Lakewood?
In Lakewood, NJ, there are various investment options available for the cash value component. Investors can choose from a wide range of local bank savings and checking accounts, certificates of deposit, stocks and bonds, mutual funds, unit trusts, index funds, hedge funds, and exchange-traded funds (ETFs). Depending on risk tolerance and desired return, one can choose the appropriate investment portfolio. Furthermore, Lakewood investors can take advantage of local portfolio advisors and financial consultations to maximize the returns they receive from their investments.
In Lakewood, NJ, you may be able to increase the death benefit of your policy later on its life through purchasing additional riders, increasing the policy value, or converting to a term life policy. It is important to review your policy and contact your life insurance provider for further information about specific options available in your region. Alternatively, you may purchase a new policy in the future that works with your current policy and increase the death benefit for your policy. Consulting a life insurance professional or financial advisor can help you determine the best option for you in your unique situation.
Can I repay a loan with the cash value from universal life insurance policies near Lakewood?
In Lakewood, NJ, you may be able to repay a loan with the cash value from your policy, although this depends on the type of policy you have and the specific terms of your loan agreement. It’s important to review your policy and loan documents to make sure you understand what options are available to you. If it is possible to use the cash value from your policy to repay your loan, it’s a good idea to consult with a financial professional to make sure this is the right decision for your individual circumstances.
Can I reinstate my universal life insurance in Lakewood after it lapses?
Absolutely. In Lakewood, NJ, it is possible to reinstate your policy after it lapses. Depending on your situation, you may be able to get your coverage back with certain restrictions. You will need to contact your insurance provider to find out what options are available. It is possible that you may need to provide updated documentation, such as a new business license or other required items, to successfully reinstate your policy. Additionally, you may have to pay a late payment fee or a larger premium in order to reinstate your policy.
Are there penalties for excessive withdrawals from my Lakewood universal life insurance policy?
In Lakewood, NJ, it is important to be aware of any penalties associated with excess withdrawals from your bank account. Depending on the type of account you hold and the specific bank you bank with, there may be withdrawal limits and if those limits are exceeded, then you might incur extra fees or even incur an early withdrawal penalty. Speak to your bank to determine the specific policies related to withdrawals from your account and to avoid any possible penalties.
Is it possible to merge or split a universal life insurance policy with the average Lakewood universal life insurance company?
Yes, it is possible to merge or split a universal life insurance policy in Lakewood, NJ. Alternatively referred to as UL, a universal life policy combines permanent life insurance with an investment component of tax-deferred savings. Insurance policies can be altered to meet your changing needs and provide additional protections. To merge or split a policy, you must consult with a professionally licensed insurance agent to see if it is a viable option for your particular situation. Merging or splitting universal life insurance policies allows you to adjust the amount of the life insurance coverage and to modify the cash value associated with the policy.
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