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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 Long Beach, NY 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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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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Discuss your options with a licensed insurance agent. Compare plans to find the best policy & cheapest rates.
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 Long Beach, NY. 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 Long Beach, NY.
Frequent Questions...
The duration of universal life insurance coverage in Long Beach, NY will depend on the agreement you make with your insurance provider. Generally speaking, this type of policy can provide lifetime coverage, as long as annual premiums are paid. If you opt for a flexible and lower premium policy, then the duration of the coverage may be shorter. It's important to ask about the details of the policy when purchasing to ensure the coverage meets your needs and that you understand all the terms involved.
How do universal life insurance quotes in Long Beach compare with term life insurance?
Universal life insurance is a type of permanent life insurance that offers greater flexibility than term life. It is designed to provide protection for your entire life and also has a savings element that offers the ability to withdraw cash or borrow against an accumulated cash value. In Long Beach, NY, universal life insurance can be tailored to meet your needs, and if your circumstances change over time, you are able to adjust the term length and coverage amount without needing to apply for a new policy. Many people prefer this type of coverage because of the added level of flexibility.
Does the flexibility of a universal life insurance policy Long Beach benefit policyholders?
Universal life insurance provides Long Beach, NY residents with the flexibility to adjust their coverage to their changing needs. Policy holders can increase or decrease their death benefit, depending on their stage of life or financial situation and they may also adjust their premiums and the level of cash value payments into their policy. As life events take place and monetary needs adjust, policyholders will find that this type of insurance is perfect for their situation. Universal life insurance can provide the financial protection and flexibility needed to support a family's ever changing needs.
How is a premium calculated for universal life insurance near Long Beach?
The premium for a universal life insurance policy in Long Beach, NY, is determined by a variety of factors, such as age, health status, the amount and length of the coverage, and the type of coverage. Additionally, premium can change depending on the performance of the policy's invested funds, meaning that the premium can increase or decrease over time. Your insurer should discuss your policy's specifics with you in great detail so that you can understand the full cost of the policy before entering into a contract.
How often is interest credited to the cash value in my universal life insurance quote Long Beach?
Interest credited to the cash value in Long Beach, NY generally varies, but on average, can be credited quarterly or even monthly depending on the policy terms. It is important that policyholders have an understanding of when interest will be credited to their accounts to ensure they realize the most benefit from their cash value investment. Policyholders should discuss their specific policy's terms with their insurance provider to make sure they understand the details for crediting interest in their policy. It is also a good idea to review the policy annually to ensure any possible changes in crediting interest are taken into consideration.
In Long Beach, NY, death benefits are generally not subject to federal income tax. However, if the death benefit is part of a taxable estate, the estate may be subject to federal or state inheritance taxes. Additionally, if the death benefit is part of an employer-provided retirement plan, the beneficiary's own estate taxes may vary depending on whether the death benefit was part of an IRA, 401(k), defined benefit plan, or other retirement account. It is important to consult with a qualified tax professional to determine the specifics of an individual's death benefit tax responsibilities.
What is the maximum amount I can borrow from universal life insurance policies near Long Beach?
The amount you can borrow from your policy may vary depending on the policy and regulations of Long Beach, NY. Generally speaking, the maximum amount you can borrow from your policy is determined by the lifetime maximum of your policy and the balance remaining in the policy. Your insurer is the best source of information for details on the maximum allowable amount for borrowing from a policy in Long Beach, NY.
Are there any penalties for surrendering the universal life insurance in Long Beach early?
The exact penalty for surrendering a policy early in Long Beach, NY will depend on the type of policy and the provider. Generally, policyholders may be subject to surrender fees and/or their maturity value may be reduced if the policy is surrendered prior to maturity. It's important to discuss the details of any policy with your provider before signing to make sure you completely understand any potential penalties that may apply if the policy is surrendered early.
How often will I be charged fees for my Long Beach universal life insurance policy?
All fees for services in Long Beach, NY, vary, depending on what services you need. Generally, you will not be charged more than once for any given service within a month. However, if you require additional services during that month, you will need to pay the separate applicable fees. It is best to consult with a local professional to get an accurate estimate and timeline for charges so that you can plan accordingly.
Can I add or remove riders after the policy has started with my Long Beach universal life insurance company?
Yes, you can add or remove riders after the policy has started, though any changes to the policy in Long Beach, NY must be done through a Licensed Agent. Changes won't take effect at the time of request, and the process will depend on your state's requirements. It is important to understand that adjustments could result in changes to your premium and different terms and conditions when the policy is restarted. The agent or company can provide you with the details of the changes that will affect the policy.
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