Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Lyons, IL 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 Lyons, IL. 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 Lyons, IL.
Frequent Questions...
Universal life insurance is a form of life insurance that provides policyholders in Lyons, IL the flexibility to customize their coverage and adapt to changes that occur over the course of their lifetime. It is designed to provide lifetime protection, cash value accumulation, and death benefit options. It offers coverage that serves individuals in Lyons, IL by providing them with the ability to change their coverage amount, adjust their contribution levels, and access their cash value while they are still alive. With universal life insurance, Lyons, IL families can count on financial security for years to come.
What are the main differences between universal life insurance quotes in Lyons and whole life insurance?
Whole life insurance is a permanent life insurance policy that offers coverage for your entire life, while universal life insurance is a type of life insurance that flexibly combines a death benefit with an investment fund that accumulates on a tax-advantaged basis. In Lyons, IL, whole life insurance typically provides a fixed death benefit and fixed premiums, and Universal life insurance is designed to allow variable premium payments that depend on cash value performance. Additionally, Universal life insurance also allows policyholders to make modifications or adjustments to their coverage while whole life insurance does not.
Can I get a universal life insurance policy Lyons if I have health issues?
Absolutely. At Lyons, IL, the team at ABC Insurance Agency works with individuals who have preexisting health conditions to find the perfect policy to fit their needs. We take the time to review a wide range of coverage options to ensure you receive the most coverage at an affordable price. Furthermore, we provide step-by-step advice throughout the entire process to make sure you understand the policy and all of its details, so you can make the best decision for you and your family.
With universal life insurance near Lyons, are there any penalties for not paying premiums?
Yes, in Lyons, IL there are penalties for not paying premiums. Depending on the insurer, nonpayment of premiums may result in late fees and cancellation of the policy. There may also be tax implications as nonpayment could be considered an early withdrawal from a policy by the IRS. Furthermore, if you fail to pay a premium on an already-affordable policy, you may end up having to pay more to reinstate it in the future if it lapses due to nonpayment.
Are there any limits to the cash value growth in my universal life insurance quote Lyons?
Cash value growth in Lyons, IL can vary depending on certain factors like how much you invest, the type of investments you choose and how the markets perform. However, in general, there are no limits to the potential growth of your cash investments. While there are no guarantees, those investing in Lyons could have the opportunity to see their cash value increase depending on the markets. In order to maximize potential growth, it is important to consider diversified portfolios that include more than one option with various risk levels, as well as utilizing a long-term approach to investing.
The death benefit of a life insurance policy in Lyons, IL is determined based on a few factors. Typically, the insurance company that issues the policy will analyse the applicant's medical history, family health history, lifestyle choices (such as smoking), age, occupation, and current finances. The larger the death benefit, the larger the premium payments will be. Additionally, a death benefit will usually depend on the type of policy the applicant purchases. Whole life insurance policies have a higher premium, but the death benefit is typically much greater than a term policy.
Can I repay a loan with the cash value from universal life insurance policies near Lyons?
Yes, you can use the cash value from your policy to repay a loan in Lyons, IL. Depending on what kind of loan it is, you may be able to use either part or all of the available available cash value. Please note that accessing the cash value of your policy will reduce the death benefit and cash value of the policy. Therefore, speak to a Lyons professional who can assist in helping make the best decision for your specific needs.
What is the process for surrendering my universal life insurance in Lyons?
Here in Lyons, IL, to surrender a universal life insurance policy, it is important to contact your insurance provider to explain that you would like to surrender the policy and they can provide more specific instructions according to their company procedures. It is possible that an original policy document must be submitted, and the provider may offer you the option to receive payment in the form of a personal check or direct deposit transfer. If you request a personal check, it could take several weeks for you to receive it depending on the provider.
Are there penalties for excessive withdrawals from my Lyons universal life insurance policy?
Lyons, IL has a wide variety of banking options, including traditional banks, credit unions and online banking services. Excessive withdrawals from any financial institution may be subject to a penalty, depending on the service and type of account. While fees may vary among financial institutions, it is generally best to thoroughly research an account prior to opening it to ensure that you understand any associated fees or charges that could be assessed for excessive withdrawals. Additionally, it pays to know the specific withdrawal policies of the institution prior to opening the account and to consider using other investments or saving accounts for short-term savings goals.
How can I adjust the terms of my policy through my Lyons universal life insurance company?
If you are a policy holder in Lyons, IL and would like to adjust the previously issued terms of the policy, you can contact your local insurance provider to discuss your options. Companies are required to be flexible with changes to their provided policies as long as the changes are within the limits of local state regulations. Depending on the policy, the provider may be able to offer additional options and discounts to fit your changing needs. It may be wise to consult with a professional to make sure the proposed changes still fall within the legal framework.
Compare Lyons, IL 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