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"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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"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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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 Broussard, LA.
Frequent Questions...
Universal life insurance is an excellent choice for families in Broussard, LA. It provides lifetime protection with flexible premiums that can be adjusted with changing life circumstances. This type of life insurance combines the ability to build a cash value with a death benefit. Moreover, unlike term life insurance, it can potentially provide long-term coverage, even up to the point of a policyholder's death. It also typically offers generous tax advantages. Universal life insurance is an ideal choice for Broussard, LA families looking for financial protection and security.
What are the potential risks associated with universal life insurance quotes in Broussard?
In Broussard, LA, the potential risks associated with universal life insurance vary depending on the type of policy. Universal life insurance policies are investment vehicles — the policyholder must manage and pay premiums regularly, as failure to do so may cause the policy to lapse or not cover certain aspects. Furthermore, there is the risk of investment loss and the chance that the policyholder could outlive the policy's cash value balance. Finally, there is the cost associated with policy limits and fees which can add up over time.
Does the flexibility of a universal life insurance policy Broussard benefit policyholders?
Universal life insurance provides flexibility and convenience to policyholders in Broussard, LA. By allowing the policyholder to adjust their premium payments, the policyholder can ensure they are making the best use of their money. Additionally, the policyholder can add or remove coverage or change beneficiaries as their life circumstances change. This versatility provides peace of mind and an extra layer of protection for a policyholder in Broussard. With universal life insurance, policyholders can customize the coverage to fit their family's financial needs.
What are the consequences of late premium payments and universal life insurance near Broussard?
In Broussard, LA, the consequences of late premium payments include a financial penalty, the possibility of a revoked policy, and an increased risk of debt collectors. Financial penalties may include additional interest charges or fees to make up for the past due amount. A revoked policy due to late premium payments could result in needing to purchase new insurance coverage at higher rates or with restrictions that may no longer fit their particular needs. Lastly, if payments remain unpaid, debt collectors may become involved and act on behalf of the insurance company, which may result in legal actions or bad marks on personal credit reports.
Are there any limits to the cash value growth in my universal life insurance quote Broussard?
The cash value growth of Broussard, LA can be limited by several factors such as market volatility, economic recession, and changing interest rates. These factors can lead to reduced cash growth, or even a decrease in cash value if not managed responsibly. To maximize cash value growth, it is essential to make wise investment decisions, stay informed about the market, and adhere to sound risk management principles. Long term growth can also be achieved with proper asset allocation and diversification of investments. By considering all of these elements, you can ensure that the cash value growth you seek is both steady and secure.
In Broussard, LA, death benefits may be subject to taxation depending on their source. Generally, benefits received from an employer-sponsored life insurance policy, such as 401(k)s or Individual Retirement Accounts, are generally not taxable as long as the beneficiary is the designated owner of the policy. However, any proceeds from a life insurance policy that is owned solely by the deceased may be subject to taxation, as may proceeds from pension, Social Security, or annuity plans. It is important to consult with a tax professional or other adviser for a precise determination.
What is the maximum amount I can borrow from universal life insurance policies near Broussard?
The answer to this question depends on the life insurance policy you hold and the location you live in. In Broussard, LA, the maximum amount you can borrow from your policy is determined by a few factors including: the type of policy, the amount of coverage, financial circumstances, credit history, and the insurance company's underwriting process. Generally speaking, the most you can borrow from a policy will be the cash value of the policy minus any outstanding loans. The amount you can borrow also depends upon the type of policy you have, as well as state and federal regulations.
How is the surrender value calculated with my universal life insurance in Broussard?
The surrender value for a policy issued in Broussard, LA is determined by a number of factors, including the insurance company, the policyholder’s age, the length of the policy, and the type of policy. Generally, the surrender value is equal to the cash value of the policy, which the insurance company pays in exchange for the policy’s cancellation. This cash value is impacted by any fees and withdrawals taken from the policy. The increase or decrease in the cash value of the policy over time also affects the surrender value.
How often will I be charged fees for my Broussard universal life insurance policy?
Fees in Broussard, LA vary depending on the type of fee you are inquiring about. However, generally speaking, most fees are charged annually or monthly. If you are looking for specific information related to the fees you may be charged, the best place to get that sort of information would be to contact a local municipal department or financial institution.
How can I adjust the terms of my policy through my Broussard universal life insurance company?
In Broussard, LA, policy adjustments are not as straightforward as one might think. If you would like to obtain an adjustment to the currently existing policy terms, it is best to contact the insurance company to discuss the changes that are desired. Depending on the type of insurance policy, the company may deny an adjustment. However, many insurance companies may be able to provide modified coverage, depending on the specific changes desired. The process to negotiate a policy adjustment can involve a discussion of the terms, a review of your insurance history, and possibly a re-examination of your risk profile.
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