Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Joliet, IL 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 Joliet, 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.
![]() |
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 Joliet, IL.
Frequent Questions...
Yes, universal life insurance is considered permanent insurance and is a great option for Joliet residents looking for lifetime protection. Universal life products have the potential to build cash value and provide flexible premiums and payments options. Furthermore, residents of Joliet may find this product attractive because it adjusts with life's changing events and provides coverage that lasts until the policy's death benefit is paid out. Universal life policies may also offer funds the policyowner may access if they are facing a financial crisis. Universal life insurance could be the perfect fit for Joliet residents looking for a lifetime of financial security.
What are the main differences between universal life insurance quotes in Joliet and whole life insurance?
The main difference between universal and whole life insurance policies in Joliet, IL lies in the flexibility they offer and the way they grow cash value. Universal life insurance allows flexibility in terms of premium payments and death benefit amounts, while whole life provides a steady premium and face amount over a fixed period of time. Whole life also grows a cash value, which can serve as an added benefit but is not necessarily guaranteed in universal policies. As an additional distinction, universal policies typically have lower premiums, but also require a higher interest rate to guarantee the growth of its cash value.
How can the cash value in my universal life insurance policy Joliet grow over time?
The cash value in your policy can grow over time through investments tailored to Joliet, IL. Planning for the future requires careful consideration of your goals and objectives, so it is important to enlist the help of a financial advisor familiar with the Joliet area to create an investment strategy that meets your needs. The advisor might recommend investing in certain stocks, bonds, mutual funds or annuities that grow in value over time. They may recommend a combination of deposits into an interest-bearing account, such as a Certificate of Deposit, or a more aggressive approach such as investing in stocks or real estate.
What are the consequences of late premium payments and universal life insurance near Joliet?
In Joliet, Illinois, late payments of premiums can lead to a variety of consequences, such as the company charging a late fee, beginning the cancellation process, or increasing the premium amount. Furthermore, the company may also require proof of financial responsibility. If a policyholder repeatedly misses premium payments, the company has the authority to cancel the policy. This can cause issues for policyholders due to gaps in coverage that could lead to a lack of protection in certain circumstances. Additionally, the policyholder may experience a hit to their credit history, as the company may report a late payment to a credit bureau.
How often is interest credited to the cash value in my universal life insurance quote Joliet?
Interest is credited to the cash value of an account in Joliet, IL, according to the frequency specified by the financial institution holding the policy. Generally, interest will be credited on either a yearly, semi-annual, quarterly or monthly basis. If you have any questions about the frequency of interest crediting, you should contact your financial institution directly for more details.
The death benefit of a life insurance policy is determined by several different factors. In Joliet, IL, the primary factors that will be used to determine the death benefit include the age and health of the policy holder, the amount of the policy, and the type of policy desired. This information will be used to calculate the maximum amount of death benefit available for the policy. Additionally, any medical conditions or pre-existing medical conditions may affect the coverage and limits of the death benefit.
Can I repay a loan with the cash value from universal life insurance policies near Joliet?
Yes, you can use the cash value from your life insurance policy to pay off your loan, however, the specifics of the process may be different for people living in Joliet, IL than elsewhere. If you are a resident of Joliet, your first step should be to contact a local banking institution to discuss the details of your policy, and to learn more about the documents and information required to complete the loan repayment process. You may also wish to consult with a qualified tax professional to ensure you are meeting all local, state and federal reporting requirements as part of the loan repayment.
How is the surrender value calculated with my universal life insurance in Joliet?
The surrender value of a policy in Joliet, IL is typically determined in accordance with the provisions set forth in the policy contract, including whether the insurer uses a guaranteed surrender value (GSV) approach or a non-guaranteed surrender value (NGSV) approach. All life insurance companies licensed to offer products in the state of Illinois must use a NGSV approach for both mortality and non-mortality assurance products.
How often will I be charged fees for my Joliet universal life insurance policy?
The fees associated with being a resident in Joliet, IL will depend on the individual's circumstances. Generally, those living in Joliet, IL will be required to pay yearly property taxes. Depending on the unique needs of the individual, they may be asked to pay for certain utilities individually, or they may be able to pay for them all in one lump sum. Additionally, Joliet residents may be required to pay for various fees associated with necessary services, such as water or garbage collection. These fees may vary depending on the services being offered and the time of year.
Is it possible to merge or split a universal life insurance policy with the average Joliet universal life insurance company?
In Joliet, IL, it is possible to merge and/or split a universal life insurance policy. Depending on your needs and your current life insurance situation, this may be a viable option. You should contact an experienced and licensed life insurance agent in order to determine the best course of action. As each person's situation is unique, they will be able to assess all of the potential issues and solutions and be able to recommend an appropriate course of action.
Compare Joliet, IL 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