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With PolicyHub you get to compare over 37 Lewiston, ME 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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Step 2
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Step 3
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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 Lewiston, ME. 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 Lewiston, ME.
Frequent Questions...
Universal life insurance is a policy tailored to meet individual needs in Lewiston, ME. It is a flexible type of permanent life insurance that provides death benefit protection along with the potential for cash value growth. It is a type of policy that allows policyholders to adjust coverage and premiums to fit their own financial circumstances. Additionally, the policy can be tailored to other perceived needs such as estate preservation, mortgage protection, charitable giving, and business planning.
How should I evaluate if universal life insurance quotes in Lewiston fits my financial goals?
Evaluating whether universal life insurance will fit your financial goals in Lewiston, ME, will require you to consider your earning power and financial resources, as well as any related lifestyle goals you may have. Thankfully, many of the local professionals in Lewiston are experienced and knowledgeable in helping you determine the best life insurance plan to fit your needs. Itβs important to have a consultation so that you can discuss the topics of cash-value accumulation, long-term stability, equity growth, and liquidity in order to create a policy that fits your personal goals.
How can the cash value in my universal life insurance policy Lewiston grow over time?
Lewiston, Maine residents have several options to help their policy's cash value increase over time. One option may be to make additional deposits, or premiums, into the policy, to help the cash value grow faster due to the company's investment returns. Other more creative options could be to research and explore opportunities with subsequent policies, such as universal or whole life policies, to combine the premiums of the concurrent policies and possibly create a more efficient growth strategy. Lastly, Lewiston residents should conduct careful investment research to maximize the potential for future growth with the current policy.
How is a premium calculated for universal life insurance near Lewiston?
Your universal life insurance premium for Lewiston, ME is based on your age, health, lifestyle, and the amount and type of coverage you are seeking. Your premium could also be influenced by your occupation and where you live. Premiums are typically calculated using an actuarial table specific to the state or region you live in, meaning residents of Lewiston might pay slightly different premiums than those living in other parts of the state. The premium amount is also based on the type of policy and riders you have chosen, such as guaranteed premiums or cash value accumulation options.
What investment options are available for the cash value component after my universal life insurance quote Lewiston?
In Lewiston, ME there are several investment options available for the cash value component of a policy. These include stocks, bonds, mutual funds, exchange-traded funds, real estate, money market accounts, certificates of deposit, and annuities. Each of these alternatives carries its own benefits and risks, so it is important for the investor to carefully consider their goals and objectives before committing to any one of these investments. With the wide range of investing options available in Lewiston, ME, it is possible to customize a portfolio that meets the individual's risk and return expectations.
The death benefit of a life insurance policy in Lewiston, ME is determined largely by the amount and type of coverage purchased. Of course, different insurers offer different policies with distinct coverage amounts and death benefits, and the cost of premiums can differ in pricing as well. Ultimately, it's important to speak to an Insurance Agent who is knowledgeable and certified in Maine, and who can discuss the various plans available to you based on your personal circumstances. They can help you determine the best life insurance policy for your needs with the most beneficial death benefits.
Can I repay a loan with the cash value from universal life insurance policies near Lewiston?
Yes, you can repay a loan with the cash value from your policy. In Lewiston, ME, policyholders can use the money from their life insurance policy to pay off a loan. However, when cashing in life insurance policies, there can be taxes and fees that need to be considered. Additionally, depending on the type of policy and the reason you need to cash it in, you may not be able to maintain a policy if you use the funds to cover a loan. It's best to carefully consider the implications before taking out a loan against your policy in Lewiston, ME.
Are there any penalties for surrendering the universal life insurance in Lewiston early?
Yes, in Lewiston, ME, there may be some penalties for surrendering a policy early, such as potentially owing taxes or surrender charges. Prior to assigning any policy, it's important to review the details with your insurance provider to ensure you understand the implications of any cancellations or changes. With specific rules for different policies, there may be restrictions on when the policy can be altered and how. It is important to get the exact information regarding any possibly penalties because it helps to make an informed decision about any policy changes.
With the average Lewiston universal life insurance policy, are there any transaction fees?
In Lewiston, ME, there are no transaction fees associated with changing your investment options. Lewiston citizens can feel comfortable switching their investment options as often as needed, as there are no fees associated with these changes. Tax implications may vary, so it is recommended to speak with a financial advisor if you are considering shifting your investment strategy. Lewiston offers a range of well-respected financial institutions and advisors who can provide sound advice and guidance.
Can I add or remove riders after the policy has started with my Lewiston universal life insurance company?
In Lewiston, ME, you can indeed add or remove riders to your policy after it has started. However, depending on the policy type, you may need to submit an additional form or provide updated information to make the necessary changes. Also, additional premiums may be applied depending on the rider. If you have a question about whether or not a rider can be added after your policy has started, feel free to reach out to your insurance provider for guidance.
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