Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Bolingbrook, IL 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 Bolingbrook, IL. 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 Bolingbrook, IL.
Frequent Questions...
Universal life insurance is an attractive option for Bolingbrook, IL residents looking for flexible coverage. Unlike other policies, universal life offers flexible premiums and death benefit amounts, making it possible to adapt to changing financial circumstances throughout one's life. Also, funds built up in a universal life policy can be used to purchase additional insurance coverage, all while receiving a competitive interest rate on the funds. Given its advantages, universal life insurance can be a great option for those looking for long-term policy solutions with a bit of flexibility.
For whom are universal life insurance quotes in Bolingbrook most suitable?
Universal life insurance is most suitable for residents of Bolingbrook, Illinois who have long-term financial goals and are looking for tax-deferred growth of their funds. Universal life insurance comes with a flexible premium and offers the potential for greater cash value accumulation than most other forms of permanent life insurance. Additionally, policyholders can access the policy's cash value to help finance other important life events, such as college tuition or retirement.
Are there any riders or additional benefits I can add to my universal life insurance policy Bolingbrook?
Yes! While every policy is different, there are a variety of riders and additional benefits available that you can add to your policy in Bolingbrook, IL such as increased coverages for personal property, additional liability protection, and deductible options. Depending on your needs, there are even specialty riders you can add, like flood insurance, pollutions liability, coverage for identity theft, and accidental death benefits. Be sure to talk to your insurance provider and ask about the different riders and additional benefits they have to offer so you can make the best decision for your unique needs.
Can I alter the frequency of my premium payments with universal life insurance near Bolingbrook?
Yes, you may be able to change the frequency of your premium payments when you purchase a policy in Bolingbrook, IL. Depending on the provider, you may be able to choose from monthly, quarterly, semi-annual or annual payments, or the choice may be automatically determined during your application. If your policy doesn't offer you the flexibility to change the frequency of payments, you may be able to save yourself some money by renegotiating the terms of your policy or even changing providers. Be sure to check with your current provider and any other service providers to compare terms and costs.
What investment options are available for the cash value component after my universal life insurance quote Bolingbrook?
Investment options for the cash value component in Bolingbrook, IL vary depending on your individual needs and risk tolerance. A professional, independent financial advisor can best evaluate your profile and suggest an appropriate portfolio that meets your goals. Depending on the type of policy you select, among the investment choices available are publicly traded stock options, index funds, exchange-traded funds (ETFs), and a range of other asset classes. Even if you are a novice investor, your advise can help you get started in the right direction without making costly mistakes.
Yes, you can have multiple beneficiaries for your policy in Bolingbrook, IL. You simply need to provide the necessary information on the beneficiary designation form. You can list up to two primary and two contingent beneficiaries. In the policy you can specify the percentage of the benefit each beneficiary will receive, or you can divide the benefit equally between multiple beneficiaries. Beneficiaries must be designated on the policy in order to be deemed eligible to receive the benefit. It is important to review the beneficiary designation at least once a year to make sure it is up to date.
Can I repay a loan with the cash value from universal life insurance policies near Bolingbrook?
In Bolingbrook, IL, you may be able to use the cash value from your policy to partially or fully repay a loan you may have taken out. However, this depends on the type of policy you have and the terms of the loan. Please contact your Bolingbrook-based insurance agent and/or loan provider to discuss the specifics and determine if this is an available option. Note that using the cash value of your policy to repay the loan may have tax implications, so be sure to consult with your financial planner beforehand.
Can I reinstate my universal life insurance in Bolingbrook after it lapses?
Yes, you may reinstate your policy after it lapses in Bolingbrook, IL. If you have previously had a policy with the same insurance company, you will need to contact them to let them know that you would like to reinstate your policy. Depending on the situation, you may need to provide documentation and updated information. Additionally, you will likely need to pay any accrued fees that may have happened during the lapse in coverage. An insurance representative from your company should be able to provide you additional details and answer any additional questions you may have.
Are there penalties for excessive withdrawals from my Bolingbrook universal life insurance policy?
Excessive withdrawals from an ATM system can be subject to penalties. It is important to be aware of the regulations charged by your bank or financial institution in the area of Bolingbrook, IL. Fees and penalties may be applied if the number of ATM transactions exceed the limits set by the financial institution or if the ATM owner has imposed their own rules for withdrawals. For example, some banks charge a fee for withdrawals above the allowed daily total.
How can I change the beneficiaries on my policy with my Bolingbrook universal life insurance company?
To change the beneficiaries on your policy in the Bolingbrook, IL area, you will need to contact your insurance provider. They will walk you through the process of updating your beneficiaries; in most cases you will complete and submit a form, along with any required documentation. Depending on your provider there may also be a fee associated with making the change. It is essential that you take the time to make sure your policy reflects your most up-to-date desires. Benefits can be disbursed to a variety of different recipients, so make sure the ones you designate accurately reflect your wishes.
Compare Bolingbrook, IL 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