Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Eden Prairie, MN 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 Eden Prairie, 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.
![]() |
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 Eden Prairie, MN.
Frequent Questions...
Universal life insurance in Eden Prairie, MN can last as long as you choose to keep it. Depending on your age and health, you can purchase a universal life insurance policy for a guaranteed period of up to 30 years or even to age 100. However, the policy will only remain in force as long as you pay your premiums and if the policy cash value is not sufficient to cover the cost of insurance.
How do universal life insurance quotes in Eden Prairie compare with term life insurance?
Universal Life insurance can provide lifelong coverage, while term life insurance will expire after a certain period of time. Universal Life insurance also allows more flexibility since it allows for changes to policy details without having to renew the policy. Additionally, with Universal Life insurance, policyholders get the possibility of cash value accumulation that can be used in an emergency or for retirement planning in the Eden Prairie area. Thus, it is more suited than term life insurance for those looking for a policy with more security and flexibility in the long-term.
Can I get a universal life insurance policy Eden Prairie if I have health issues?
In Eden Prairie, Minnesota, most insurance providers offer plans that cater to individuals with health issues. You can discuss your unique situation with a licensed insurance professional in the city to determine which plan best suits your needs. Depending on your specific health condition and requirements, a personalized health insurance policy can be crafted that provides the coverage and support that you require. It's best to shop around and compare options to make sure you find the right policy for your individual circumstances.
What are the consequences of late premium payments and universal life insurance near Eden Prairie?
In Eden Prairie, MN, the consequences of making a late premium payment can vary depending on the insurance provider you are working with. Generally, late payments will result in a late fee, and can also cause a lapse in coverage. After a lapse, you could be denied coverage altogether and be unable to continue your policy. Also, depending on the provider, you could be charged a higher interest rate or an increase in your premium amount. Additionally, failure to keep up with payments could potentially be reflected on your credit report, making it difficult to get insurance from another provider.
How often is interest credited to the cash value in my universal life insurance quote Eden Prairie?
Interest is credited to the cash value in Eden Prairie, Minnesota, depending on the individual product. Generally, interest is credited to the cash value every quarter. However, some products may be eligible for annual or semi-annually credited interest. For more information on how often interest is credited to the cash value, please consult your representative or company of choice in Eden Prairie, Minnesota.
Yes, it is possible to increase the death benefit later in the policy's life in Eden Prairie, MN. In most cases, you will need to meet certain criteria and demonstrate that you have the financial ability to pay for the increased benefit. This allows the insurance provider to assess your risk and determine how much the increase in death benefit would cost. It is important to contact an experienced life insurance agent to discuss any changes to the death benefit, as different providers may have different options available.
How does a withdrawal affect my death benefit and universal life insurance policies near Eden Prairie?
Taking a withdrawal from your death benefit can have a significant affect on your estate in Eden Prairie, MN. Depending on the type of death benefit you are receiving, withdrawals can reduce the overall benefit that is passed onto your beneficiaries upon your death. This means that the amount of money that is available after deductions for taxes and other fees will be less. Generally, it is best to avoid taking a withdrawal unless it is absolutely necessary in order to prevent a reduction in the amount of the total death benefit that would otherwise be passed on.
Are there any penalties for surrendering the universal life insurance in Eden Prairie early?
In Eden Prairie, MN, policyholders may face some financial penalties for surrendering insurance policies before their contracted end date. Depending on the length of the policy, termination fees may be applicable. Additionally, policyholders may be required to pay all premium and interest payments that would have otherwise occurred had the policy been kept for its full duration. It is important to consider that surrendering early may reduce any death benefit or cash value accrued during the policy's duration.
How often will I be charged fees for my Eden Prairie universal life insurance policy?
Fees in Eden Prairie, MN will vary, depending on the type of fees. Generally, fees are charged to you on a regular basis or as they are incurred. For example, if you owe taxes or other fees to the city, you will need to pay them regularly. Additionally, some fees may be charged on a quarterly or yearly basis. It is best to consult with a tax professional or financial advisor to determine the precise frequency of fees that may apply to your specific situation.
How can I change the beneficiaries on my policy with my Eden Prairie universal life insurance company?
You can change the beneficiaries on your policy if you are located in Eden Prairie, Minnesota by visiting your local insurance agency. Make sure you bring the policy in question and any relevant documents with you. If you have an agent, your agent should be able to help you with this process. They will update the forms and submit them to the company for processing. Depending on the insurance carrier and the type of policy you bought, updating or changing beneficiaries might require additional paperwork. If you are uncertain of what documents are required, your agent should be able to tell you.
Compare Eden Prairie, MN 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