Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Langley Park, MD 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 Langley Park, MD. 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 Langley Park, MD.
Frequent Questions...
Universal life insurance policies are designed to provide permanent life insurance coverage for the insured, as well as the ability to build cash values that can be used for retirement or other financial goals. In Langley Park, MD, policyholders are able to take advantage of this type of life insurance by investing in a policy that meets their individual needs. The funds invested in the policy are then used to pay premiums, which can be adjusted according to their insurance needs or budget.
How do universal life insurance quotes in Langley Park compare with term life insurance?
Universal life insurance in Langley Park, MD is a great option for people who want a highly customizable policy that can grow with them over the years. The primary difference between universal and term life insurance lies in their flexibility. With universal life insurance, the policyholder has the option to adjust coverage amounts, levels of premiums, and the cash value of the policy. On the other hand, term life insurance policies are fixed and offer coverage for a specific period of time, usually 10, 20, or 30 years.
Are there any riders or additional benefits I can add to my universal life insurance policy Langley Park?
Yes, there are riders and additional benefits you can add to your policy here in Langley Park, MD. These benefits can range from additional coverage for specific items, to specialized coverage for an array of personal items. Some items that are often covered by riders or add-ons are everything from jewelry and furs to collectibles. There are additional benefits like pet care coverage, identity protection, and even roadside assistance. Adding riders or add-ons to your policy can help maximize your coverage and give you peace of mind.
Can I alter the frequency of my premium payments with universal life insurance near Langley Park?
Yes, if you are a resident of Langley Park, MD, then you may be able to adjust the frequency of your premium payments. Depending on your policy, most providers offer payment plans that fit your budget and payment schedule. For instance, you might be able to pay monthly, quarterly, or annually. Depending on the policy, other providers might allow bi-annual payments or bi-monthly payments. To find out if you are eligible to make these changes, you should contact your insurance provider for more information.
When I get a universal life insurance quote Langley Park, how is the interest on the cash value determined?
Interest on the cash value of policies offered in Langley Park, MD is determined by the issuing insurance company. Each company has its own method for calculating and crediting interest to policyholders, which may include a published Schedule of Interest, compound interest, and interest determined by the insurer annually, semi-annually, or quarterly. Insureds should confirm the type of interest they will be receiving with their insurer prior to signing an insurance policy.
In Langley Park, Maryland, death benefits are generally treated as gross income and therefore must be included in federal income tax returns. The Internal Revenue Service (IRS) considers most death benefits to be taxable income and reports any amount over the applicable amount to be taxable. Generally, the person who receives the death benefit is liable for paying any taxes due. It's important to consult with a tax professional to determine the exact amount of taxes owed and the associated deadlines for filing.
How does a withdrawal affect my death benefit and universal life insurance policies near Langley Park?
Taking a withdrawal from your account in Langley Park, MD could impact your death benefit. If the account balance is lower than what your contribution amount was, the death benefit you will receive could be reduced. It is important to consider all of the implications of making a withdrawal in order to ensure that you are able to receive the full death benefit amount. You might also incur additional fees or penalties for withdrawing, which could further reduce the account balance and ultimately impact your death benefit.
How is the surrender value calculated with my universal life insurance in Langley Park?
The surrender value of a policy in Langley Park, MD is calculated based on the cash value available at the time the policy is surrendered, minus any fees and taxes applicable. The surrender value is generally calculated by applying the surrender charge used in the policy minus any applicable mortality and expense charges. Additionally, it could be affected by dividends, loans, or other charges that have been taken against the policy. Policyholders should review the specific language of the policy prior to making a decision to surrender the policy.
How do management fees affect my cash value growth with my Langley Park universal life insurance policy?
In Langley Park, MD, management fees have the potential to significantly impact cash value growth, depending on the asset mix. Generally speaking, higher management fees result in lower net returns. Investment management fees can come in the form of management fees, deposits, purchases, redemption fees, sales charges, marketing fees, etc. In order to maximize cash value growth, it is important to ensure that management fees are not excessive and are in line with the performance and results of the investment funds. Keeping fees low will help to ensure that cash value growth is maximized.
Is it possible to change my premium payment schedule with my Langley Park universal life insurance company?
Yes, it is possible to change your premium payment schedule in Langley Park, MD. The specific details of this process will depend on the type of policy you have, as well as the insurance provider you're working with. Generally, it is recommended that you contact your provider directly in order to discuss the best way to change your payment schedule. You may also need to fill out forms and provide proof of payment. Make sure to have all your paperwork in order and remain in contact with your insurer in order to make the process as smooth as possible.
Compare Langley Park, MD 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