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"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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"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 Lansing, MI. 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 Lansing, MI.
Frequent Questions...
Universal Life Insurance is a type of permanent life insurance that provides coverage with flexible premiums and death benefits. In Lansing, MI, this policy is designed to offer a wide range of coverage and a variety of features that can be customized to fit the needs of each individual policyholder. With universal life policies, they are designed to provide financial protection for dependents in the event of the policyholder's death, while also accumulating cash value over time that can be utilized for retirement or other purposes.
How do universal life insurance quotes in Lansing compare with term life insurance?
Universal life insurance in Lansing, MI allows for adjustable premiums and coverage compared to term life insurance, which only offers limited coverage duration. Universal life policies in Lansing, MI often provide a cash value component, which allows the policy holder to borrow against the funds that accumulate in the account. In comparison, term life insurance in Lansing, MI has no cash value, so it's more affordable, however, any premium payments made are lost when the policy expires. Ultimately, it's important to analyze the benefits and requirements for each policy to determine which one is right for you.
What features make a universal life insurance policy Lansing unique compared to other life insurance products?
Universal life insurance offers greater flexibility than other life insurance products due to its ability to accumulate cash value while also providing a death benefit. This is especially beneficial to Lansing area residents looking for a life insurance policy with the potential for long-term growth. Universal life insurance also features an adjustable premium, which provides greater control over how much money you spend each month on premium payments. The death benefit is also adjustable, enabling you to raise or lower your coverage based on life events. This makes it much easier to tailor a policy to your ever-changing needs.
With universal life insurance near Lansing, are there any penalties for not paying premiums?
In Lansing, MI, penalties will be issued for individuals who fail to pay their premium payments on time. Depending on the circumstances surrounding the missed payment, these penalties may be in the form of an increase in premiums for the individual, suspension of coverage, or termination of the policy altogether. In any event, with premiums being due on a monthly basis, it is important to make timely payments to avoid any penalties or consequences.
When I get a universal life insurance quote Lansing, how is the interest on the cash value determined?
In Lansing, Michigan, the interest rate on your cash value is determined by the current market rate of the savings institution offering the policy. Since Lansing banks are part of the larger U.S. financial system, the interest rate on the cash value is typically lower than that of a certificate of deposit. Nevertheless, depending on the contract with the insurance company, you may be able to get a fixed rate or an adjustable rate in order to benefit from any movements in the markets. As an additional security measure, state law also requires insurance companies to set the minimum interest rate on your cash value.
In Lansing, MI, beneficiaries of a death benefit can begin the process by providing an authenticated original or certified copy of the deceased's death certificate to the payer. The payer will then be responsible for completion of a claim form, if necessary, before processing the benefit. The completed claim form should include the beneficiary's information, such as a valid form of identification and the beneficiary's signature, as well as the name of the deceased and the deceased's date of death. Once all the necessary documentation is in order, the benefit will typically be sent via U.S. mail.
Are there any fees associated with taking a loan against universal life insurance policies near Lansing?
Depending on the specific loan and lender, fees associated with taking a loan in Lansing, MI can vary. In most cases, there is usually a loan origination fee charged by the lender to cover the costs of processing the loan. In addition, you will likely have to pay additional fees for specific types of loans, such as title loans or secured loans, and fees associated with closing the loan, such as appraisal or survey expense. To make sure you understand the exact fees associated with your loan, it is best to consult with your lender to obtain details about applicable fees before taking out a loan.
Can I reinstate my universal life insurance in Lansing after it lapses?
Depending on the type of policy you have in Lansing, MI, reinstatement of your policy after it has lapsed may be an option. If you have purchased auto insurance, for example, you may be eligible to reinstate your policy after it has lapsed. You should contact your insurance company for more information so you can determine if reinstatement is possible and what the process for doing so may entail. You may be required to provide proof of current coverage, and you may be subject to additional fees associated with reinstatement.
How often will I be charged fees for my Lansing universal life insurance policy?
The fees you will be charged depend on the type of service you require. Generally, fees are assessed on a monthly basis for Lansing, Michigan-based services. However, there could be additional charges for some special services. If you require these services, it is best to contact the company directly to inquire about their rates and payment schedule.
How can I change the beneficiaries on my policy with my Lansing universal life insurance company?
To change the beneficiaries on your policy in Lansing, MI, you should contact the insurer you purchased the policy from. In most cases, you will need to submit a written document informing them of the new beneficiaries, which can often include a Beneficiary Designation Form. Your insurer may also require proof of identification from the new beneficiaries. The process may vary depending on your policy, so make sure to follow the exact instructions from your insurer.
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