Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Bradley, 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 Bradley, 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 Bradley, IL.
Frequent Questions...
In Bradley, IL, Universal Life Insurance is a type of permanent life insurance which offers flexible coverage and better cash value benefits. This policy has a low-cost premium and adjustable death benefits that gives policyholders control over both the longevity of the policy and the amount of their death benefit. Furthermore, it provides policyholders tax-deferred growth and access to those funds during their lifetime, allowing for long-term security while allowing policyholders the potential to use those funds for whatever they need. Universal life insurance also offers estate and retirement planning benefits that are uniquely advantageous to policyholders in Bradley, IL.
What are the main differences between universal life insurance quotes in Bradley and whole life insurance?
Universal and whole life insurance provide Bradley, IL residents with coverage and financial protection for the future, but the policies differ in terms of duration, premium rates, and available cash value. Whole life coverage is designed to provide lifelong coverage and is usually more expensive than universal life. Universal life policies offer adjustable premiums, which may provide more flexibility for policyholders, but coverage does have an expiration date. Additionally, universal life payments accumulate cash value that can be borrowed against, while whole life policyholders typically cannot borrow against their policy.
Does the flexibility of a universal life insurance policy Bradley benefit policyholders?
Universal life insurance provides Bradley, IL policyholders with complete flexibility when it comes to managing their benefits. They can adjust the amount of their premium payments, or opt to spend on other things such as their children's education. The policyholder can also choose a variety of different payment options, such as monthly, annually, or quarterly. With universal life insurance, policyholders can tailor their premium payments to meet their ever-changing needs, making this type of life insurance ideal for those in Bradley, IL who are unsure of their future financial needs.
How is a premium calculated for universal life insurance near Bradley?
The premium calculation for Bradley, IL residents purchasing universal life insurance depends on a few factors, such as the policy's coverage amount and benefit rider options chosen. Additionally, the insurance company will consider the applicant's age, health history, and other personal factors, such as lifestyle habits, to determine the appropriate premium rate. Lastly, local insurance regulations related to universal life insurance can also be used to inform how the premium rate is determined for Bradley, IL residents. Ultimately, the combination of these elements will factor into the amount of the premium you will need to pay to keep the policy in effect.
Is there a guaranteed minimum interest rate for the cash value of my universal life insurance quote Bradley?
No, there is not a guaranteed minimum interest rate for the cash value in Bradley, IL. However, local financial professionals may be able to provide customized advice tailored to the needs of individuals living and working in Bradley. Knowing how much money to save and where to find the best options for saving can help secure the best rate of return without taking on unnecessary risk. It is worth consulting a financial advisor to make sure that the right savings decision is being made.
In Bradley, IL, depending on several factors such as your life situation and type of insurance policy, it may be possible to increase the death benefit later in the policy's life. Speak to a local insurance professional to determine if this is an option for you and to explore the details of doing so. It may be possible to increase the death benefit by changing the type of policy or by continuing to make payments to the existing policy. Additionally, some types of policies offer ‘living benefits’ such as policy loans or withdrawals that can lower the death benefit in exchange for access to cash.
Can I repay a loan with the cash value from universal life insurance policies near Bradley?
Depending on your policy, you may be able to access your cash value in order to repay a loan. Since financial situations vary, a licensed financial professional in the Bradley, IL area can answer your specific questions and help you make an informed decision. Depending on your policy's terms, you may be able to access the cash proceeds of your policy whether the insured is living or deceased. Additionally, you may also be able to use your loan value or “death benefit” if your policy has one.
Can I reinstate my universal life insurance in Bradley after it lapses?
If you live in Bradley, IL and your policy has lapsed, you may be able to reinstate it depending on the provider. Typically, insurance companies have a timeframe in which you can reinstate a policy after it has lapsed and this period varies among individual insurers. It is best to contact your provider directly to see if you are eligible to reinstate your policy in Bradley, IL, as they will have the most up-to-date information. Additionally, you should also consider what the reinstatement process may cost you and whether any new policy restrictions or changes in coverage may be included.
How do management fees affect my cash value growth with my Bradley universal life insurance policy?
Management fees can have a significant impact on the cash value growth of Bradley, IL investors; however, the specific effect will depend on the type of fees being charged as well as the amount. For instance, management fees that are a percentage of the asset base can lead to a decrease in the overall rate of growth; however, annual lump-sum fees that are set regardless of the asset's growth can be much easier to budget for. It's important to pay close attention to the details of your fees in order to maximize the growth potential of your cash value investment.
Is it possible to merge or split a universal life insurance policy with the average Bradley universal life insurance company?
It is likely possible for Bradley, IL policyholders to merge or split a universal life insurance policy. Depending on the insurer, policyholders may be able to combine two policies into one, or vice versa. It is important to contact the insurer(s) that issued the policy to find out how to change the policy forms and what type of arrangement is available. When requesting a policy change it is also important to confirm how and when premiums will be paid, and if the new policy will affect the policyholder's legal beneficiaries.
Compare Bradley, 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