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Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Brainerd, MN Universal Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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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
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Step 2
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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 Brainerd, MN. 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 Brainerd, MN.
Frequent Questions...
Universal life insurance in Brainerd, MN typically covers life expectancy or age 100, whichever comes first. This means the life insurance will last to the end of the insured's life, as long as premiums are paid and the policy is in force. If the policyowner out-lives their policy, the policy will continue to become an asset in their estate, providing additional protection to their loved ones. If the policyowner does not outlive their policy, the benefit will provide funds to help with final expenses or to give to their beneficiaries.
What are the potential risks associated with universal life insurance quotes in Brainerd?
Universal life insurance is a popular choice for many people in Brainerd, MN, but it carries some potential risks. The main risks associated with universal life insurance are poor performance of the underlying investments, estate taxes or death tax, and interest rate risk. Poor performance of the underlying investments can result in lower than expected returns, leaving policyholders with less money than planned. Estate taxes or death tax can impose financial hardship on beneficiaries upon the death of the insured.
How can the cash value in my universal life insurance policy Brainerd grow over time?
Investing in a life insurance policy in Brainerd, MN is a great way to secure your financial future and allow your cash value to grow over time. The cash value of a life insurance policy can grow year after year when invested into stocks, mutual funds, and other investments, all of which can be tailored to meet your specific objectives. As you pay into your policy, the cash values in these investments typically grow, allowing you to see a return on your premiums. Your policy can also offer tax-deferred growth, meaning money earned through the investments within it are not taxed until withdrawal.
Can I alter the frequency of my premium payments with universal life insurance near Brainerd?
Yes, it is possible to alter the frequency of your premium payments if you are an insurance customer in Brainerd, MN. Depending on your specific policy type, you may have the ability to change the duration of how frequently you make payments. You can choose to make your payments either monthly, quarterly, semi-annually, or annually. To see if this option is available to you, please contact one of our friendly Brainerd, MN insurance agents. They will be able to assist you in determining if this payment option is available to you and provide further information.
How often is interest credited to the cash value in my universal life insurance quote Brainerd?
Interest for cash values in Brainerd, MN may be credited on different cycles, ranging from annually to monthly. Typically, interest is credited to the cash value at least annually, depending on the insurance provider, investment plan, or policy that you are using. If you have questions about the frequency of interest being credited to your account, you can contact your insurance provider or financial advisor for more information.
Beneficiaries in Brainerd, MN should contact the organization that maintains the insured's policy to start the death benefit claim. The representative should be able to provide the necessary paperwork that must be completed for the claim to be processed. Once the documents are filled out and submitted, the company will review and assess the eligibility of the beneficiaries. If the claim is approved, the death benefit can usually be disbursed within a few weeks. Further questions should be directed to the company providing the insurance policy.
Can I repay a loan with the cash value from universal life insurance policies near Brainerd?
Absolutely, if you live in Brainerd, MN! Our local banks here in the city offer loan repayment plans that let you use the cash value from your policy as a payment source. Whether you're looking for a short-term loan or medium-term loan, you can use the cash value from your policy to pay off the loan. Of course, the amount that can be loaned is subject to the size of the policy's cash value and the loan's repayment terms. Keep in mind that using the cash value of your policy could result in surrender charges or additional fees.
How is the surrender value calculated with my universal life insurance in Brainerd?
In Brainerd, MN, the surrender value of a life insurance policy is determined by several factors including the amount of premiums paid, the length of the policy, the age of the policy holder, and the health of the policy holder. Generally, the surrender value is calculated by subtracting the unpaid premiums and any outstanding loans from the total cash value. The surrender value may also depend on the type of policy. For example, some policies have a guaranteed surrender value, while others have a non-guaranteed surrender value that is subject to market conditions.
What types of fees are associated with my Brainerd universal life insurance policy?
Buying a universal life insurance policy in Brainerd, MN will involve a variety of fees. These include an insurance premium to cover the cost of the policy, an administrative fee to cover the costs of issuing the policy, an fees connected to any investment or savings accounts associated with the policy, and taxes. Depending on the type of policy, riders and other benefits may also incur additional fees. Consulting with a local insurance professional can help you determine all the fees that you may be liable for if you purchase a universal life insurance policy in the Brainerd area.
How can I change the beneficiaries on my policy with my Brainerd universal life insurance company?
To change the beneficiaries on your policy if you reside in Brainerd, MN, it is advised to contact the local branch of your insurance provider. The representative should be able to provide you with the forms needed to make this change and assist you throughout the entire process. If you are unable to visit in-person, they should be able to offer an online solution to make the necessary changes. Additionally, you should review your policy and read the fine print to ensure all information is correct and up-to-date. By following these steps, the beneficiary change should be smooth and hassle-free.
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