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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 Maple Grove, MN 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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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 Maple Grove, MN. 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 Maple Grove, MN.
Frequent Questions...
In Maple Grove, MN, the length of universal life insurance coverage can depend on the plan that you select. In most cases, universal life insurance offers lifetime coverage, so long as you continue to make payments on the policy. You may also have the option of selecting policies with predetermined terms, such as 10-year, 20-year or 30-year options. These policies offer coverage for the length of the term and the plan also allows for premiums that will remain the same for the duration of the policy.
What are the main differences between universal life insurance quotes in Maple Grove and whole life insurance?
Residents of Maple Grove, MN considering which life insurance policy to choose can compare universal and whole life insurance. Universal life insurance offers flexibility in premiums, face amounts, and death benefit but may not provide the same level of guaranteed cash value growth that whole life insurance does. Whole life insurance provides more consistent premiums and protection, and helps build guaranteed cash value which can be accessed tax-free during life, secured with the policy’s death benefit. With a whole life policy in Maple Grove, the death benefit is guaranteed from inception and does not require periodic renewals or additional fees.
Does the flexibility of a universal life insurance policy Maple Grove benefit policyholders?
By choosing universal life insurance in Maple Grove, MN, policyholders benefit from having the flexibility to adjust their coverage amounts and premiums according to their changing needs. Universal life insurance allows flexibility in terms of one's fixed monthly payments, ensuring that the policyholder can fit what they pay for life insurance into their budget without having to sacrifice coverage. It also offers the option to increase coverage without having to go through a full underwriting process, providing additional value and peace of mind.
How is a premium calculated for universal life insurance near Maple Grove?
Your universal life insurance premium in Maple Grove, MN is based on many factors such as your current health, age, and gender. The premiums also take into account lifestyle-related factors such as hobbies, occupation, and driving history. In addition, the premium rate is affected by the amount of coverage you choose and the amount of cash value you want to have within your policy. The life insurance company considers your insurability to calculate your universal life insurance premium.
What investment options are available for the cash value component after my universal life insurance quote Maple Grove?
The financial services industry in Maple Grove, Minnesota offers a wide range of investment options for the cash value component. Whether you're looking for low-risk mutual funds or a more aggressive approach with stocks, this area has a comprehensive selection of investments that can help you reach your financial goals. For those who prefer to invest in fixed-income products like bonds, Maple Grove has a number of solutions available as well. Many of the local banks might even offer exclusive deals tailored to the unique tastes of Maple Grove residents.
Yes, you can have multiple beneficiaries for your policy here at Maple Grove, Minnesota. We want to make sure that your policy provides security and peace of mind for you and all of your intended beneficiaries; therefore, you may designate as many people as you would like to receive benefits from your policy. Our team is here to help you through the process, ensuring that your policy beneficiary designations are consistent with your wishes for your policy. Please feel free to reach out to us with any questions or concerns you may have.
Are there any fees associated with taking a loan against universal life insurance policies near Maple Grove?
In the city of Maple Grove, MN, taking out a loan may incur some fees depending on the loan provider. These fees usually include things like administrative and processing fees, origination fees, and late payment fees. As such, it is important to know and understand the terms and conditions when taking out a loan to avoid any extra costs or fees. Any fees associated with a loan should be outlined in detail before agreeing to the loan and should be taken into consideration before signing the papers.
How is the surrender value calculated with my universal life insurance in Maple Grove?
The surrender value in Maple Grove, MN is calculated based on the individual life insurance policy which includes the policy term, insurance details, benefits and riders. Additionally, any riders that are included in the policy may also be taken into account when calculating the surrender value. The calculation also includes the amount of premiums paid by the policyholder, as well as the accumulated value and any applicable surrender charges that may apply. The surrender value is affected by any additional costs such as loan balances or any applicable withdrawal charges.
How do management fees affect my cash value growth with my Maple Grove universal life insurance policy?
In Maple Grove, MN, management fees can directly affect the growth of your cash value. As an investor, it is important to understand the role that these fees have on your portfolio growth. Generally, management fees are assessed as a percentage of the assets under management, and in Maple Grove, can range from 0.50% to 1.50%. Paying more ultimate attention to management fees can be essential for great cash value growth over the long-term, as the amount of fees have the potential to minimize the amount of money that you can potentially accumulate.
How can I adjust the terms of my policy through my Maple Grove universal life insurance company?
If you are located in Maple Grove, Minnesota and are looking to adjust the terms of your policy after it has been issued, the best place to start is by contacting your insurance agent or company representative. They can provide you with more details and tell you what changes are possible, as well as how they can be made. In some cases it may be possible to incorporate changes into an existing policy, but this may come with additional costs, so it is important to discuss the details with the agent or company before making any changes.
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