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With PolicyHub you get to compare over 37 Asheville, NC Universal Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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"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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"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 Asheville, NC. 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 Asheville, NC.
Frequent Questions...
In Asheville, NC, universal life insurance is a type of life insurance policy that offers flexibility, allowing you to adjust your premiums or death benefit over time. This type of policy is seen as an investment due to the accumulation of cash value that you can borrow from at any time, and the ability to specify the amount of your death benefit. Universal life policies also provide more flexibility with premium payments, allowing you to make additional payments as your finances allow. This provides a level of assurance that you can maintain your coverage over time as your financial circumstances change.
What are the potential risks associated with universal life insurance quotes in Asheville?
In Asheville, NC, and beyond, one of the potential risks associated with universal life insurance is that, unlike term life insurance, premiums for universal life policies are not guaranteed and can change over time depending on the underlying investment performance. Therefore, policyholders may experience unexpected premium increases or decreases. Additionally, if premiums are insufficient, the policy may lapse, leaving the policyholder with no life insurance coverage.
Are there any riders or additional benefits I can add to my universal life insurance policy Asheville?
Yes! If you live in Asheville, NC there are many riders and additional benefits that can be added to your policy. These include things like additional coverage for special items or valuable property, additional coverage for personal liability, and coverage for mudslides, slides, or landslides which are common in the Asheville area. Furthermore, certain types of policies, such as the ones covering your home and auto, also offer additional riders and benefits to further customize your coverage according to your needs and budget.
With universal life insurance near Asheville, are there any penalties for not paying premiums?
Yes, there are potential penalties for not paying your premiums in the Asheville area. Depending on your particular circumstances, you may get fined for missing a premium payment, be charged a cancellation fee or even have your policy cancelled. Citizens of Asheville should also be aware that North Carolina has specific rules that make it different from other states. Generally, nonpayment of premiums can result in a 30-day lapse in coverage as well as a late fee. If policyholders do not pay their premiums after this lapse, then their policy will be cancelled.
When I get a universal life insurance quote Asheville, how is the interest on the cash value determined?
The interest on the cash value in Asheville, North Carolina is determined by market conditions. All investments are subject to varying economic and political conditions, so the rate of return is difficult to predict. When making an investment, it's important to consider factors such as buying and selling costs, availability of liquid or non-liquid investments, taxes, inflation, financial advice, and the level of risk associated with the investment. This can help you choose an investment that correlates with your beliefts, risk tolerance, and financial objectives.
In Asheville, North Carolina, as in all other parts of the United States, the answer to the question of whether death benefits are taxable depends upon the specific circumstances at hand. The Internal Revenue Service (IRS) considers the income from death benefits/proceeds as income in respect of a decedent for federal tax purposes. Generally speaking, if the death benefits are paid to named beneficiaries on the decedent's life insurance policy or retirement accounts, it is often non-taxable.
Can I repay a loan with the cash value from universal life insurance policies near Asheville?
Yes, if you live in the Asheville, NC area it is possible to repay a loan with the cash value from your policy. Your life insurance policy may provide you with a combination of guaranteed cash values and living benefits, which can be accessed to repay the loan. The cash value of the life insurance policy is the amount of money that accumulates with each payment you make, and may be available to you if needed. It is important to understand that life insurance policy loans do have fees and may also accrue interest, so it is best to consult your life insurance agent before making any decisions.
How is the surrender value calculated with my universal life insurance in Asheville?
In Asheville, North Carolina, the surrender value of an insurance policy is calculated based on the type of policy, the amount of coverage, and the length of time that the policy has been in effect. Many companies use "average surrender value methods," which are based on industry standards. This method allows each policyholder in Asheville to receive a fair amount of money in exchange for the termination of their policy. The surrender value will generally be higher when more premiums have been paid, or when the policy was in effect for a longer period of time.
What types of fees are associated with my Asheville universal life insurance policy?
Universal life insurance policies issued in the Asheville area may include fixed administrative fees, policy fees, fund management fees, and monthly insurance cost charges. Depending on the type of plan, there may be additional fees, such as for accelerated death benefits or other living benefits. Universal life insurance also offers flexibility for the policyholder in adjusting the payments and the death benefit amount over the life of the policy, which helps to make sure your coverage sticks with you in Asheville, NC.
How can I change the beneficiaries on my policy with my Asheville universal life insurance company?
In order to change your beneficiaries on your policy in Asheville, NC, you must first contact the insurance provider you have the policy with. Depending on the policy, you may need to fill out additional paperwork or sign a form. When contacting your insurance provider, make sure to mention that you are looking to update your beneficiaries, and have the correct contact information for your new beneficiaries so that it can be updated quickly. Be sure to double-check that the new beneficiaries and policy information is exactly correct before signing any forms necessary to make the changes.
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