Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Birmingham, AL 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 Birmingham, AL. 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 Birmingham, AL.
Frequent Questions...
Universal life insurance in Birmingham, AL is a type of permanent life insurance which provides policyholders with flexible premiums, cash values and a death benefit. Unlike other types of life insurance, the premiums for universal life insurance are flexible and can be adjusted throughout the duration of the policy. This allows the policyholder to easily adjust their coverage levels as their lifestyle or needs change. Universal life also has a cash value feature which serves as an investment option. The cash values accumulated over time can be borrowed against or used as an additional death benefit.
What are the main differences between universal life insurance quotes in Birmingham and whole life insurance?
In Birmingham, AL, universal life insurance provides policy holders with access to an adjustable death benefit, flexible premium payments and a savings component with potential tax-deferred growth. Whole life insurance, on the other hand, provides a guaranteed death benefit and fixed premium payments that can help protect policy holders and their families. In general, universal life is more of an investment vehicle while whole life is more of a traditional form of insurance. With universal life, a borrower may also have their policy dividends adjust the cash value and the death benefit of the policy.
Can I get a universal life insurance policy Birmingham if I have health issues?
In Birmingham, AL, you may be able to get a policy even if you have health issues. Many insurers have specialized health plans to help those with pre-existing medical conditions. Additionally, the Affordable Care Act has made it illegal to deny applicants coverage based on health or for having pre-existing medical conditions, so you may be able to access coverage through this either through a private insurance provider or through the Health Insurance Marketplace. Additionally, major medical plans are available from employers and Alabama Medicaid.
Can I alter the frequency of my premium payments with universal life insurance near Birmingham?
Yes, you can alter the frequency of your premium payments if you live in Birmingham, AL, and are enrolled in an insurance plan through the state's healthcare exchange. Depending on the insurance provider, you may be able to switch between paying monthly, quarterly or semi-annually. You can also elect to pay annual lump sums for each plan year. This can be done by visiting the healthcare exchange website and selecting the option to change premium payment frequency from the homepage. You will then be asked to select which frequency you prefer and submit a request.
How often is interest credited to the cash value in my universal life insurance quote Birmingham?
In Birmingham, AL, interest on cash value is typically credited annually on all participating whole and variable life insurance policies. It is important to recognize that the amount of interest credited may vary due to changing economic conditions and performance of the insurer's investments. It is important to understand the policy details concerning when interest is credited and when policy dividends, if applicable, are paid to ensure that you understand how much return your policy is delivering.
All death benefits are taxable which applies to Birmingham, Alabama as well. Generally, the tax implications of death benefits varies by the type of death benefit and whether it is taxable and deductible. In Birmingham, Alabama, this can range from life insurance proceeds, social security benefits, or veterans benefits to name a few. It is important to understand the tax implications depending upon the type of death benefit received. Additionally, a beneficiary of a death benefit could also face taxes upon inheriting the deceased's estate. There could be income taxes, estate taxes, or other taxes gathered by the state of Alabama.
How do I take a loan against universal life insurance policies near Birmingham?
If you're in the Birmingham, AL area and are looking to take out a loan against your policy, you'll want to contact your insurer and ask about loan options. Depending on your policy and insurer, you may be able to take a loan directly against your policy, without need for external loans or lines of credit. This is beneficial as interest rates are typically lower for policy-based loans. Alternatively, some insurers may offer other loan solutions such as a life insurance settlement, which pays out a lump sum based on the death benefit of the policy.
Can I reinstate my universal life insurance in Birmingham after it lapses?
Yes, you can reinstate your policy after it lapses. In Birmingham, AL, you will need to contact your insurance provider as soon as possible. They will be able to provide you with the specific steps required to renew your policy. Depending on the circumstances surrounding your policy lapse, you may be subject to certain fees or eligibility criteria. Your provider will also review your policy and provide you with an updated quote. Make sure to ask them about any discounts or promotions that may be available.
What types of fees are associated with my Birmingham universal life insurance policy?
In Birmingham, AL, fees associated with a universal life insurance policy depend on the type of plan chosen. Typically, universal life policies may include policy maintenance fees, mortality and expense charges, and administrative fees. As a policyholder you may also be responsible for covering costs associated with receiving a loan against the policy, as well as any GST/HST or provincial taxes required to keep the policy in force. It's important to review all the fees associated with your policy to ensure that you understand the amount of your premium that is going toward coverage and any other costs associated with keeping the policy in force.
How can I change the beneficiaries on my policy with my Birmingham universal life insurance company?
In Birmingham, AL, changing the beneficiaries on your policy is easy and convenient. To make this change, you should contact the customer service department of the insurance provider. You could either make the request in person at a local office, over the phone, or by mail. Additionally, some insurers allow beneficiaries to be changed online through their website. It is important to be aware that beneficiary changes must be completed through the process outlined by your insurance provider as otherwise, the change might not be legally binding. If you need assistance with this process, your insurance provider should be able to provide clear instructions or guidance.
Compare Birmingham, AL 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