Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Franklin Park, NJ 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 Franklin Park, NJ. 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 Franklin Park, NJ.
Frequent Questions...
People who live in Franklin Park, NJ may choose universal life insurance over other policies for a myriad of reasons. One of the main attractions is the flexibility that universal life insurance offers. Policyholders can enjoy more control over the policy, such as the ability to adjust premiums, death benefit amount and cash value accumulation. Unlike most policies, universal life insurance also allows policyholders to withdraw money from the cash value or borrow against the policy. All of this makes it a great choice for those wishing to customize their life insurance policy to fit their specific financial and insurance needs.
How do universal life insurance quotes in Franklin Park compare with term life insurance?
Universal life insurance is a permanent form of life insurance, compared to the shorter-term nature of term life insurance. Compared to term life, universal life policies generally build tax-deferred cash value, which can be used to supplement retirement income or protect beneficiaries from large estate taxes in Franklin Park, NJ. Many universal life policies also provide greater flexibility in terms of premium payments, death benefits, and the ability to borrow against the policy's cash value for a range of uses. However, with the additional features comes higher premiums than for term life policies.
How can the cash value in my universal life insurance policy Franklin Park grow over time?
Cash value growth in a life insurance policy varies depending on your specific policy, but with Franklin Park, NJ-based life insurance policies, cash values often grow over time when premiums are paid. That being said, the growth of the cash value may vary based upon the type of policy you have, the premiums you pay, and the type of investment options your policy offers. Variable policies typically offer higher potential cash value growth since they are invested in riskier markets with a focus on long-term growth.
Can I alter the frequency of my premium payments with universal life insurance near Franklin Park?
Yes, you can certainly alter the frequency of your premium payments in Franklin Park, NJ. Depending on what specific type of policy you have, there are a few different options available to you. You can choose to pay your premium on a monthly, quarterly, or semi-annual basis. Additionally, you can opt for policies that allow you to pay upfront and not have to worry about additional payments. It's important to note that the premium rate may be different depending on the payment type chosen. Therefore, it's best to contact your insurance provider to determine the best payment option for you.
When I get a universal life insurance quote Franklin Park, how is the interest on the cash value determined?
Interest on the cash value in Franklin Park, NJ is determined by the current rate provided by local financial institutions. Residents of the area can easily compare the different rates and figure out which one works best for their financial goals. Furthermore, the local cash values are tied to the health of the economy, so the value of the cash can go up and down depending on market conditions. Ultimately, residents of Franklin Park, NJ should use this knowledge to their advantage when making decisions about their cash.
In general, death benefits are not taxable as long as the money is being used for funeral expenses. This applies to any death benefits received in Franklin Park, NJ. Depending on the circumstances, any death benefits that are received as an inheritance, annuity income, or life insurance policy may be subject to certain taxes. It's best to consult a qualified financial planner or tax professional for specific details related to the applicable federal and state laws in Franklin Park, NJ.
Are there any fees associated with taking a loan against universal life insurance policies near Franklin Park?
At Franklin Park, NJ, you will not find any fees associated with taking a loan. Our goal is to make the loan process simple and affordable so that you can get the funds when you need them. We offer competitive rates and various repayment terms to fit your unique situation. In addition, our team of experienced professionals is available to answer any questions you may have and provide you with all the information you need. That way, you can make the best decision for your financial situation.
How is the surrender value calculated with my universal life insurance in Franklin Park?
Surrender value in Franklin Park, NJ is calculated using a specific formula set by the state government. This formula takes into account factors such as the cash value of the policy and the length of the policy. It also takes into account the amount of premiums paid, the age of the policy, the amount of loans against the policy, policy dividends, and any taxes or fees associated with the policy. By taking all of these factors into consideration, the surrender value can be calculated accurately and is usually a relatively low amount in comparison to the cash value.
How often will I be charged fees for my Franklin Park universal life insurance policy?
In Franklin Park, NJ, fees are charged on a quarterly basis. This means that you will be charged a total of four times a year. Depending on the services used, the amount of the charge varies. In addition, there may be additional fees charged as needed. It is important to follow the payment schedule for all fees to avoid late charges and additional fees. By following the quarterly fee structure, you will know exactly when and how much you will be charged each quarter.
How can I change the beneficiaries on my policy with my Franklin Park universal life insurance company?
If you live in or near Franklin Park, NJ, you can easily change the beneficiaries on your policy. Simply visit your local insurance agent and make an appointment. During the appointment, you will need to complete some paperwork, such as a beneficiary change request form, and provide necessary information about the new beneficiaries. Your insurance agent can help make sure that your policy's amendments are legal and complete. Doing this in your local office also ensures that you have all the correct documents signed and that the change is documented correctly.
Compare Franklin Park, NJ 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