Taking too long? Close loading screen.
Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Biddeford, ME Universal Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
Find the perfect plan from over 37 providers
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 37 policy provider comparison.
Explore multiple policies from all the leading insurers and choose the one that fits your needs.
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
ATTN: 2024 Universal Life Insurance rates just released!
Get the latest Universal Life Insurance rates for 2024 and lock in your policy today! Get started comparing policies right now.
Get the Universal Life Insurance plan with the cheapest rates in 3 easy steps.
Done in 3 easy steps
Step 1
Tell us about yourself.
Finding the perfect life insurance policy starts with answering a few questions to help us serve you better.
Step 2
Compare rates & plans.
Discuss your options with a licensed insurance agent. Compare plans to find the best policy & cheapest rates.
Step 3
Lock in cheap rates.
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.
Get started in less than 15 minutes.
With PolicyHub getting started is easy. Compare all the Universal Life Insurance rates from all the providers in Biddeford, ME. 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.
 |
Option 1 | Option 2 | ||
|---|---|---|---|---|
| 100% Digital | ||||
| Licensed Agents | ||||
| Expert Support | ||||
| Get Started in 15 minutes | ||||
| Decades of Experience | ||||
| Compare 37+ Providers | ||||
| Zero Hidden Costs | ||||
| Top Insurance Providers |
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 Biddeford, ME.
Frequent Questions...
Universal life insurance will remain in effect for as long as you continue to pay the premiums and your policy remains in good standing, meaning it can last for an indefinite period of time. However, most universal life insurance policies available in Biddeford, ME, have a guaranteed life span, which typically ranges from 20 to 30 years depending on the policy. Additionally, coverage may end at a certain age, typically ranging between 90 and 120 years however this can vary depending on the insurer. Ultimately, the length of time your policy is in effect will depend on your particular policy.
How should I evaluate if universal life insurance quotes in Biddeford fits my financial goals?
Evaluating whether universal life insurance is a sound financial fit for your goals should be done in close consultation with a qualified insurance professional in the Biddeford, ME area. An expert can help you weigh the tax-deferral benefit of cash value growth against the premiums you'd be responsible for paying over the years, and can advise you on which policy type may best suit your specific financial requirements and objectives. In addition, your financial planner can analyze other life insurance options that may better suit your budget and needs.
How can the cash value in my universal life insurance policy Biddeford grow over time?
Cash value in your life insurance policy can grow over time through the accumulation of dividends if you chose a policy with a dividend option. In Biddeford, ME, policyowners have access to numerous top-rated life insurance companies with competitive dividend rates. In addition, short-term and long-term interest-bearing investments are also possible when choosing a policy with a cash value provision. As these investments earn a positive return, the policy’s cash value gradually increases. Regular policy reviews are important to ensure that your cash value growth is meeting your current and future financial planning needs.
How is a premium calculated for universal life insurance near Biddeford?
The premium for a universal life insurance policy in Biddeford, Maine is based on a variety of factors. The insurance company takes into account the age, gender, health history, and lifestyle of the insured. It also considers the expected benefit payout amount and the policy's duration. The insurer takes into consideration any additional riders or coverage options that are chosen. The amount of the premium may also vary, depending on the preferred payment plan and the length of time for which the policy remains in force. In addition, current interest rates and the insurance company's investments may also factor into the premium calculation.
When I get a universal life insurance quote Biddeford, how is the interest on the cash value determined?
Interest rates for cash value in Biddeford, ME are determined by a few different factors. The most important factor is today's interest rate environment. Interest rates are typically set by the Federal Reserve, and they vary based on the overall economy and credit markets. Other factors that can determine the interest rate on the cash value are the state’s insurance regulations, the specific product the cash value is part of, the length of the policy, and the insurance provider or company.
Yes, multiple beneficiaries can be named for your policy in Biddeford, ME. In fact, you can name as many as you wish so that many persons or entities can receive a portion or all of your policy proceeds after you pass away. It’s important to keep in mind that if you choose to name multiple beneficiaries, you will need to specify the percentages or amounts each beneficiary will receive.
What is the maximum amount I can borrow from universal life insurance policies near Biddeford?
The maximum amount you can borrow from your insurance policy is determined by your policy's terms and conditions. What is available to you in Biddeford, Maine can vary depending on your particular policy and the company you're insured with. Generally speaking, the maximum amount you can borrow depends on a variety of factors such as the amount of coverage, the age of the insured, the cash and loan value, and current borrowing.
What is the process for surrendering my universal life insurance in Biddeford?
Surrendering a universal life insurance policy in Biddeford, ME is a straightforward process. To begin, call your insurance agent to explain you are interested in surrendering your policy. They will provide information about your cash value and any surrender fees associated with terminating the policy. Additionally, you may need to complete paperwork before the policy can be surrendered. Submit the completed forms to your insurance company and receive confirmation that the policy has been cancelled. Make sure to keep all paperwork relating to surrendering the policy for your records.
With the average Biddeford universal life insurance policy, are there any transaction fees?
In Biddeford, ME, investors looking to change their current investment portfolio will be pleased to know that there are no transaction fees to worry about. At most locations in town, a shift or change in investment options can be done quickly and easily, and it won't come with a hefty fee. Furthermore, financial advisors in the area are always willing to help investors with questions about different options and fees associated with changing your investments. For Biddeford investors, there will always be no transaction fees for changing their investment options.
How can I change the beneficiaries on my policy with my Biddeford universal life insurance company?
In Biddeford, ME, window shopping life insurance policies and making changes to your existing policy is made easy by the resources available. To change the beneficiaries on your policy, simply contact the local office serving your Biddeford area and request for a beneficiary form to fill out. You'll need to nominate a primary, contingent, and successor beneficiary on the form. Once you've completed the form, submit it back to the office along with a copy of your life insurance policy document. Your changes will be reflected after your request is approved.
Compare Biddeford, ME Universal Life Insurance Policies
Get started today and compare over 37 Universal Life Insurance providers in as little as 15 minutes.
© 2024 PolicyHub - all rights reserved
