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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 Lake Wales, 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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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
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Finding the perfect life insurance policy starts with answering a few questions to help us serve you better.
Step 2
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Discuss your options with a licensed insurance agent. Compare plans to find the best policy & cheapest rates.
Step 3
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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.
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With PolicyHub getting started is easy. Compare all the Universal Life Insurance rates from all the providers in Lake Wales, 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 Lake Wales, FL.
Frequent Questions...
In Lake Wales, Florida, the duration of a universal life insurance policy varies. It typically lasts as long as you need it to, based on the terms and limitations included in the policy. As long as you meet the policy terms and pay the premiums, your universal life insurance policy should be designed to last until the maximum age limit of the policyholder, which is usually 85. However, having adequate life insurance to cover your entire life and life transitions is important, so financial advisors typically suggest consulting with a professional to review your life insurance needs.
How do universal life insurance quotes in Lake Wales compare with term life insurance?
Universal life insurance in Lake Wales, FL generally offers more flexibility compared to term life insurance, which is beneficial for policyholders since it allows them to adjust the premiums and death benefit. It can also build investor value over time thanks to its investment component. Universal life insurance does tend to be more expensive than term life insurance in terms of premiums, so it's important to assess your needs and lifestyle to decide which type of policy is right for you.
Are there any riders or additional benefits I can add to my universal life insurance policy Lake Wales?
Absolutely, yes! Depending on where you live in Lake Wales, FL, you may have access to special riders or additional benefits that may not be available in other areas. For example, individuals living in Lake Wales may be eligible for a Flood Insurance Rider, which can help protect them in the event of flooding. Additionally, residents of Lake Wales may be able to get reduced rates on auto insurance if they maintain a good driving record. Another benefit that may be available is the Windstorm and Hail Damage Rider, which may come at a discount for Lake Wales residents.
How is a premium calculated for universal life insurance near Lake Wales?
Your universal life insurance premium in Lake Wales, FL is calculated based on a combination of factors. These can include your age, gender, lifestyle, existing health conditions, and financial obligations. The premium for universal life insurance is typically higher than term life insurance, due to the benefit of cash value accumulation. Additionally, the premium is flexible and can be adjusted to fit your changing life insurance needs. It is important to speak with a qualified life insurance agent to determine the best coverage options for your needs.
How often is interest credited to the cash value in my universal life insurance quote Lake Wales?
The frequency of interest credited to the cash value of an account varies from location to location. In Lake Wales, Florida, most accounts will have interest credited to the cash value on a quarterly basis. This process typically takes place in January, April, July, and October. To confirm the exact timing and/or frequency of interest credited to your account, be sure to consult your financial institution.
Yes, it's possible to increase the death benefit later in the policy's life in Lake Wales, FL. You'll need to contact your insurance provider to see what options are available. Depending on your provider, there may be certain requirements that need to be met before you're able to increase the death benefit. Generally, the cost associated with increasing the death benefit may also increase, so be sure to take that into account before making any changes. If you need additional assistance, you can always contact a financial expert located in Lake Wales to help ensure you find the best solution for your needs.
Are there any fees associated with taking a loan against universal life insurance policies near Lake Wales?
Yes, there are fees associated with taking a loan in Lake Wales, FL. Depending on the type of loan you're taking, you may encounter application fees, origination fees, administrative fees, closing costs, and more. Some loans may require additional prepayment or closing fees, so it's important to consult with a financial expert and ask about all potential charges so you can plan accordingly for your loan.
How long do I have to reinstate a lapsed universal life insurance in Lake Wales?
In Lake Wales, FL, policy reinstatement deadlines vary by the type of policy you have. Generally, you will have 30-60 days to reinstate a lapsed policy, though certain policies, such as health insurance, may require you to act even sooner. It is important to note that the 30-60-day period is a standard formula; individual insurers determine the actual renewal date. It is therefore a good idea to contact your insurance provider promptly in order to determine the exact reinstatement period applicable to your policy.
How often will I be charged fees for my Lake Wales universal life insurance policy?
The frequency of fees charged depends on the particular fees being charged in Lake Wales, FL. Certain fees may be charged on a monthly basis, while others may be annually or biannually charged. To find out how often each individual fee is charged, it is best to contact the administering agency or organization responsible for the fees in Lake Wales, FL. It is important to review all the fee payment schedules to be sure you budget appropriately and ensure all fees are paid on time.
Is it possible to change my premium payment schedule with my Lake Wales universal life insurance company?
Yes, it is possible to change your premium payment schedule in Lake Wales, FL. Our office is happy to provide several options for this. Depending on your particular situation, you may be able to switch to a more convenient auto-payment, into multiple installments, or to a monthly direct debit method. Insurance laws vary by state, so please call and speak to a representative to discuss all the available options. We are committed to helping you find the best payment schedule for your needs. So give us a call today and we will go over the specifics together.
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