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With PolicyHub you get to compare over 37 Fort Lauderdale, FL 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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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 Fort Lauderdale, FL. 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 Fort Lauderdale, FL.
Frequent Questions...
Universal life insurance works by providing the policyholder with life-long protection and the flexibility to adjust their premium payments and death benefit values. In Fort Lauderdale, FL, a universal life insurance policy can be used to provide coverage against unexpected death or disability while offering the policyholder the flexibility to build cash value over time which they can use to supplement their retirement income or provide additional financial security to their family. Universal life insurance is also a great way to ensure financial protection for families and businesses by providing the policyholder with the flexibility to adjust their premiums and death benefits as their needs change.
What are the potential risks associated with universal life insurance quotes in Fort Lauderdale?
When it comes to universal life insurance, Fort Lauderdale, FL residents face many potential risks. These include the uncertainty of future premiums, the effect of policy loans, volatility in interest rates, policy lapse due to the cost of premiums, and the risk of policyholder's outliving their policy. Therefore, it is important that individuals considering a universal life policy do their research and seek the advice of an independent insurance agent to ensure they fully understand all the potential risks associated with this type of life insurance.
Are there any riders or additional benefits I can add to my universal life insurance policy Fort Lauderdale?
Yes, depending on where you live in Fort Lauderdale, FL, there are riders or additional benefits you can add to your policy. For instance, if you are at high risk for property damage due to hurricanes and flooding, you may want to invest in a Coastal or Beach Rider. This avoids major losses from the coastal damage and can go a long way in protecting the value of your home or property.
Can I alter the frequency of my premium payments with universal life insurance near Fort Lauderdale?
Yes, you can definitely alter the frequency of your premium payments in Fort Lauderdale, FL. Depending on your needs you can choose to pay monthly, quarterly, every 6 months, or even annually. If your current payment plan does not meet your needs or budget anymore, you can contact your insurance representative to inquire about changing the frequency of your premium payments. They will be happy to evaluate your situation and discuss the options available for you.
Are there any limits to the cash value growth in my universal life insurance quote Fort Lauderdale?
In Fort Lauderdale, FL, the cash value growth of an investment depends on the specific type of investment, market conditions, and other factors. In general, there are no limits to cash value growth, though the financial performance of the investment can vary over time and affect how much growth is possible. That said, investors need to consider diversifying their portfolio, researching possible options, and understanding the risks involved with different types of investments before investing.
In Fort Lauderdale, FL, death benefits are not generally taxable. However, it should be noted that death benefit payments may be subject to taxation in certain cases. For instance, if the death benefit was used to purchase a personal item for the deceased's estate, then this amount would be subject to income taxation. It is important to seek advice regarding how the death benefit should be treated before taking any action with the money. Additionally, it is always important to confer with an experienced financial advisor or tax professional who can provide specific guidance to your individual situation.
Can I repay a loan with the cash value from universal life insurance policies near Fort Lauderdale?
In Fort Lauderdale, FL, it may be possible to repay a loan taken out using cash value from a life insurance policy. However, it's important to consult with a knowledgeable life insurance expert in the area to understand the full implications of such a move. In particular, it may be possible to use a loan as a source of income later in life or to cover specific expenses. Furthermore, should you repay the loan with the cash value of the policy, you could potentially decrease the death benefit you leave behind for your beneficiaries.
How is the surrender value calculated with my universal life insurance in Fort Lauderdale?
The surrender value of a policy in Fort Lauderdale, FL, is based on the specifics of the insurance policy and the current market conditions. Generally, the surrender value is determined by subtracting any administrative fees and unpaid premiums from the total amount of money the policyholder has already contributed to the policy. The remaining amount then serves as the surrender value, though the exact figure will vary depending on how long the policy has been in effect and current market conditions. Insurance organizations often provide a formula for calculating the approximate surrender value of a policyholder's policy before they make any decisions.
How do management fees affect my cash value growth with my Fort Lauderdale universal life insurance policy?
In Fort Lauderdale, FL, management fees can have an impact on the growth of your cash value. Generally, fees can reduce cash value growth due to various factors, such as reducing the rate of investment return available to the policyholder or increasing the overall expense of the life insurance policy. To ensure that you are not overpaying for management fees, you should regularly review the applicable fees charged by the insurer and try to negotiate the fees if higher than market rates.
Can I add or remove riders after the policy has started with my Fort Lauderdale universal life insurance company?
Yes, you can add or remove riders after a policy has started in Fort Lauderdale, FL. However, you may be required to submit a request form with details of the individual you wish to add or remove. You should also be aware that dependent on the individual's age, health conditions, and other factors, there may be additional reviews, documentation, and premium charges to take into account. If you need help with adding or removing a rider on your policy, our representatives in Fort Lauderdale are happy to provide assistance to ensure that your policy suits both your lifestyle and your budget.
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