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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 St. Matthews, KY 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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Locked in rate discount and exclusive deals.
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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Discuss your options with a licensed insurance agent. Compare plans to find the best policy & cheapest rates.
Step 3
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Secure the lowest rates and lock in the perfect life insurance policy for you and your family.
"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 St. Matthews, KY. 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 St. Matthews, KY.
Frequent Questions...
In St. Matthews, KY, universal life insurance can last for as long as the insured wants it to. Universal life insurance is a permanent life insurance policy, meaning you can select coverage for your entire life – as long as you pay the premiums. Unlike term life insurance, which runs out after a certain amount of time, the policyholder can continue the coverage they need and won't have to carry a new policy or re-qualify for insurance.
What are the main differences between universal life insurance quotes in St. Matthews and whole life insurance?
The two most common types of life insurance policy offered in St. Matthews, KY are universal and whole life insurance. The main difference between the two is the way premiums are handled. With whole life insurance, premiums are fixed for the lifetime of the policy, where universal life insurance gives the policyholder the option to adjust the amount paid in premiums as long as the policy remains in-force. In addition, universal life insurance offers policyholders more flexibility regarding when and how often they make payments, allowing them to use accrued savings from one year to pay the following years premium amount.
Are there any riders or additional benefits I can add to my universal life insurance policy St. Matthews?
Yes! St. Matthews, KY is home to many additional riders and benefits to sweeten an insurance policy. A variety of features like accident forgiveness, rental car reimbursement, and debt cancellation may be tailored to fit the individual needs of each policyholder. Our advisors will take the time to understand your needs and recommend options that best suit your lifestyle. This ensures that you get the most out of your policy and are set up for success. To take advantage of these riders and benefits, speak to one of our local agents today and reap the rewards!
How is a premium calculated for universal life insurance near St. Matthews?
The premium for universal life insurance in St. Matthews, KY is based on several factors including age, health, and amount of coverage desired. In addition, the policyholder's lifestyle, health history and other personal information is taken into consideration when calculating the premium. The insurer may also look at any previous claims history, length of time the policy has been in effect, and other factors when setting the premium for the policyholder. The premium for universal life insurance is typically based on the policyholder's current risk profile and the type of coverage they desire.
Is there a guaranteed minimum interest rate for the cash value of my universal life insurance quote St. Matthews?
In St. Matthews, KY, there is no guaranteed minimum interest rate on cash value. The market rate fluctuates often, so it's important to keep up with any changes so you don't miss out on a great opportunity. When considering a cash value investment, you'll want to look at the present market rate and compare it to similar investments. You may also want to check with other financial experts in the area to compare your options. Ultimately, the decision should come down to what works for you, as every investor will have unique needs and preferences.
At St. Matthews, KY, yes, you can designate multiple beneficiaries for your policy. Multiple beneficiaries can be designated to receive benefits in varying amounts or in equal shares. When selecting multiple beneficiaries, it's important to consider your life goals and make sure your beneficiaries are people that would benefit from your policy. It's also important to review the policy with an insurance professional to ensure that all steps to set up the policy are completed correctly.
How do I take a loan against universal life insurance policies near St. Matthews?
At St. Matthews, KY, residents have the opportunity to take out a loan against a policy they own. The best place to start is by speaking to an insurance agent at your local office who can provide you with more information. They'll be able to explain the details of the process, including the terms and interest rates associated with the loan. Additionally, they'll be able to walk you through the application and answer any questions you may have prior to proceeding with the loan. Afterward, it's simply a matter of completing the required paperwork and finalizing the loan to begin using the policy funds.
Are there any penalties for surrendering the universal life insurance in St. Matthews early?
St. Matthews, KY residents should be aware that there are potential penalties for surrendering life insurance policies or annuity contracts early. Depending on the terms of the policy, an individual’s accrued interest rate or cash value could be reduced. The early withdrawal may also reduce the death benefit. A policy surrender may result in an individual owing taxes plus a possible 10% IRS early-withdrawal penalty. It is best to consult with a financial advisor before surrendering a policy to understand any potential liabilities.
Are there penalties for excessive withdrawals from my St. Matthews universal life insurance policy?
Yes, there are potential penalties for excessive withdrawals at financial institutions in St. Matthews, KY. Most institutions limit the number of transactions per month and charges may be assessed for exceeding the allowed number. Be sure to speak with your financial institution about their policies on withdrawal limits so you can plan accordingly and be aware of any potential penalties.
How can I adjust the terms of my policy through my St. Matthews universal life insurance company?
If you live in St. Matthews, KY and need to adjust the terms of a policy that has already been issued, the best way to do that is to contact your personal insurance representative or a local insurance agent. Depending on the type of policy and the company providing it, you may need to sign a new contract in order to make the necessary changes. However, getting in touch with an experienced representative is always the best way to ensure the changes are properly documented and will remain in effect.
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