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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 Edwardsville, IL Universal Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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Over 37 policy provider comparison.
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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
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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 Edwardsville, 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.
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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 Edwardsville, IL.
Frequent Questions...
Universal Life Insurance in Edwardsville, IL is a whole life policy that offers the policyholder greater control than a traditional whole life policy. It allows you to adjust how much you pay each month to provide coverage, as well as adjust how much of the premiums you pay go towards the death benefit and how much goes towards a cash accumulation account. This offers you the flexibility to adjust your coverage as your needs change and allows you to grow an investment without the need for additional policies. Furthermore, the cash accumulation account earns a guaranteed minimum rate of return.
What are the main differences between universal life insurance quotes in Edwardsville and whole life insurance?
Whole and Universal Life insurance are two common options for Edwardsville, IL residents looking to secure their family’s financial future. Whole life insurance keeps the same premium and death benefit throughout the policy period, while Universal Life insurance offers a flexible premium payment and death benefit options. With Universal Life, the beneficiary can adjust the death benefit and payment structure which gives them the flexibility to customize their policy to meet their individual needs. Whole life insurance also offers a cash value that can be accessed for various life events such as college, a wedding, or a large purchase.
How can the cash value in my universal life insurance policy Edwardsville grow over time?
Investing in a cash value policy that is tailored to your specific needs is an excellent way to grow your policy value over time. Edwardsville, IL offers several financial planning options such as stocks, bonds, mutual funds, and annuities that can help you maximize your return on investment while still providing security for your cash value policy. By properly utilizing these options, you can safeguard the growth of your cash value while still achieving your desired financial goals.
With universal life insurance near Edwardsville, are there any penalties for not paying premiums?
Yes, there are potential penalties for not paying your premiums in Edwardsville, IL. Depending on the type of coverage you have, not paying your premiums may result in missed opportunities to receive reimbursements, cancellation of services, increased interest rates, and a potential suspension or loss of coverage. Additionally, late payment penalties may be charged, the amount of which is determined by your insurance company. If you find yourself struggling to pay premiums, contact your insurance provider for advice on how to best navigate the situation.
Are there any limits to the cash value growth in my universal life insurance quote Edwardsville?
In Edwardsville, IL, there are two types of limits to the potential cash value growth that depend on specific life insurance policy guidelines. The first type is an internal limit, where the growth is restricted to a maximum cash value set by the insurer. The second type is an external limit, which may be imposed by federal and state tax codes. Additionally, life insurance policies usually have a minimum guaranteed rate of return that will cap the cash value growth. Ultimately, the potential cash value growth a policyholder in Edwardsville, IL can expect will depend on their personal policy and other applicable regulations.
Yes, you can have multiple beneficiaries for your policy in Edwardsville, IL. An insurance policy beneficiary is the person who will receive the benefits from the policy in the event of your death. You may choose to name more than one beneficiary to receive the proceeds of a life insurance policy, as well as other assets that may be named in a will. Some situations such as a divorced couple, when the spouses may need to co-own a policy, or when children expect to receive a portion of the death benefit, often benefit from having multiple beneficiaries.
Can I repay a loan with the cash value from universal life insurance policies near Edwardsville?
In Edwardsville, Illinois, it is possible to repay a loan utilizing the cash value from an insurance policy. Depending on the policy, you may be able to access the cash value of your policy to pay off the loan in full. In addition to loan repayment, you can also use the cash value to help meet other long-term financial objectives, such as supplementing your retirement income, making large purchases, or providing funds to meet unforeseen cash needs. Consult with your insurance provider to determine what options are available for your specific policy.
Can I reinstate my universal life insurance in Edwardsville after it lapses?
Yes, you can reinstate your policy after it lapses in Edwardsville, IL. Depending on the specific policy you have, you may be able to get coverage back with your previous insurer. However, it is important to consider if your insurer allows for reinstatement, and if so, if the rate you are given is still in line with the policy you originally had. In many cases, customers resuming coverage may be charged a higher rate if the lapse was for over 60 days.
How often will I be charged fees for my Edwardsville universal life insurance policy?
The frequency and amount of fees that will be charged depend on the services you select and where you live. Generally, fees for services in Edwardsville IL are charged monthly, bi-monthly, or annually. You will be informed of the final amount and frequency before signing up for the services. We recommend you review the fees associated with the services and products before signing up to ensure they fit within your budget.
Is it possible to merge or split a universal life insurance policy with the average Edwardsville universal life insurance company?
Yes, it is possible to merge or split a universal life insurance policy in Edwardsville, IL. Depending on your coverage needs, you may be able to combine two or more universal policies into one policy or split up a single policy into multiple policies. Whether you should merge or split a policy is a decision that should be discussed with a qualified insurance expert. In Edwardsville, it would be wise to contact a reputable firm, like Agent316, to get an individualized review of your policy and tailored recommendations for you and your family.
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