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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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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 Massapequa, NY.
Frequent Questions...
Universal life insurance, a life insurance policy offered in Massapequa, NY, is a type of permanent life insurance that combines the features of both term and whole life insurance. It is designed to provide a death benefit and cash value accumulation options that you can adjust throughout your lifetime. Its secondary benefit is that premiums can be flexible, based on the amounts and frequency you choose, and the cash accumulation can be used for future tax-advantaged retirement income. This type of policy provides coverage for longer than term insurance, while allowing you to make adjustments to the policy as your life changes.
What are the main differences between universal life insurance quotes in Massapequa and whole life insurance?
In Massapequa, NY, the two primary types of life insurance to consider are universal and whole life insurance. The main difference between the two options is that universal life insurance provides flexible coverage and allows you to adjust premiums as needed, whereas whole life insurance has a permanent premium payment rate and often includes a savings component. Universal life insurance also provides more permanent coverage than whole life and can accumulate a cash value as you continue to make payments.
What features make a universal life insurance policy Massapequa unique compared to other life insurance products?
Universal life insurance products are unique in that they offer flexible premium payments and customizable death benefit amounts. They are also often coupled with a cash value account that accumulates over time, offering the policyholder a source of funds in the event of an emergency or an opportunity for long-term saving. Universal life insurance can act as an ideal solution for residents in Massapequa, NY who desire an insurance policy that can grow with them and their changing needs over time.
How is a premium calculated for universal life insurance near Massapequa?
The premium for your universal life insurance policy in Massapequa, NY is typically based on your age, gender, and health status. Your coverage amount, payment type, stock or option selection, as well as any riders you’ve chosen will all additionally influence the amount of your premium. Insurance companies in Massapequa, NY may also take your lifestyle into account when determining your premium, so be sure to mention any hazardous activities or other factors when applying. If you're unsure as to how your particular circumstances may affect your premium, your agent can provide more details.
When I get a universal life insurance quote Massapequa, how is the interest on the cash value determined?
The cash value of an insurance policy in Massapequa, NY is determined by the market rate of interest in the area and the terms of the policy. Generally, when premiums are paid consistently and no surrenders are made against the policy, the cash value will increase over time. Accordingly, if the policyholder desires to receive the highest possible return on the cash value, they should consider taking advantage of the policyholder dividend bonus offered by many local insurers in Massapequa.
Absolutely! Having multiple beneficiaries for your policy in Massapequa, NY is possible. You can add different parties to your policy, allowing them to receive financial benefits in case of your death. To add a beneficiary, you will need to provide their name, date of birth, and relationship to you. Once this is done, you can distribute the intended benefits across multiple beneficiaries according to your wishes. To update or change the listed beneficiaries, you will need to contact your insurance provider.
What is the maximum amount I can borrow from universal life insurance policies near Massapequa?
It depends on your policy and other factors, such as the amount of coverage or cash value you have in your policy, your financial position, and the specific state law where you live. In Massapequa, NY, the maximum amount you can borrow from your policy is typically determined by the company you are insured with. It could be based on a percentage of the amount of coverage you have in your policy or a predetermined maximum amount. You could also be able to borrow a specific amount as determined by the policy terms.
How is the surrender value calculated with my universal life insurance in Massapequa?
The surrender value of a policy in Massapequa, NY is calculated based on a number of factors, including the policy's face value, payments received, and mortality and expense charges. Additionally, the Company may make adjustments to an insurance policy's surrender value depending on how long the policy has been in force. Generally, if a policy has been in force for a longer period, then its surrender value will be higher. It is important to note that surrender values vary and it is best to talk to a Massapequa, NY representative to learn what surrender value your specific policy holds.
How often will I be charged fees for my Massapequa universal life insurance policy?
The frequency of fees imposed in Massapequa, NY can vary depending on the type of fee and the relevant laws and regulations. Generally, taxes, borrowing costs, and utility fees are charged on a regular or recurring basis, while other fees may be a one-time charge or something that has to be paid periodically. Before incurring any charges, it's best to research the current laws and regulations and find out when payment is due and how often it is expected. Seek advice from qualified professionals if needed.
Is it possible to change my premium payment schedule with my Massapequa universal life insurance company?
Yes, it is possible to alter your premium payment schedule if you live in Massapequa, NY. Many insurance providers service the area, with many of them offering the option of adjusting the payment cycle according to customer preference. In addition, local government offices may provide assistance with acquiring or altering an existing insurance plan that better suits the needs of the individual consumer. Talking to a personal financial advisor can also help you explore payment options, so you can enjoy peace of mind knowing that you can stay on top of insurance payments.
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