Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Matteson, 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 Matteson, 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 Matteson, IL.
Frequent Questions...
Universal life insurance is designed to provide a lifelong flexible form of coverage for individuals in Matteson, IL. It is designed to provide both death benefit protection and cash value accumulation. The premiums paid into universal life policy are divided among the cost of life insurance protection, the cost of administration charges, and a savings component which accumulates in a tax deferred cash value account. The cash value component of a universal life insurance policy offers policyholders the chance to grow their money tax-free with policy loan options, allowing for greater flexibility in managing their finances.
How do universal life insurance quotes in Matteson compare with term life insurance?
Universal life insurance is a more versatile form of life insurance than Term life insurance and is a better option for those seeking more flexibility in Matteson, IL. Universal life insurance allows the policyholder to adjust the length of the policy, the amount of coverage, and the amount of premium payments while taking advantage of the cash value accumulation. By contrast, a Term life policy offers a lower premium and only offers coverage for a predetermined length of time.
Can I get a universal life insurance policy Matteson if I have health issues?
Yes, you can get a policy if you have health issues in Matteson, IL. Insurance companies don’t always deny coverage if an individual has pre-existing conditions there can still be options available. It’s important to understand the fine print of the policy. At Matteson Insurance Center, we often advise customers with health issues to apply for a policy with an insurance company that offers a guaranteed-issue plan, meaning your health is not taken into consideration when the coverage is approved.
How is a premium calculated for universal life insurance near Matteson?
In Matteson, IL, your universal life insurance premium is usually calculated based on a few factors, such as your personal age, health, and overall risk profile. Generally, the higher the risk you carry, the more expensive your premiums will be. Other factors may include current and previous medical conditions, lifestyle habits, career choice, and motor vehicle records. Age also plays a part in the calculation, with younger people paying lower premiums compared to older insureds. The cost of insurance may also vary if you or a beneficiary has credit issues.
Is there a guaranteed minimum interest rate for the cash value of my universal life insurance quote Matteson?
The interest rate of the cash value of your policy is not guaranteed, and its rate may vary depending on the policy and location. In Matteson, IL, you can save money with the help of the low-interest rate offerings of local banks and financial institutions. It is also important to check with your provider to confirm that the interest rate won't fall below a certain percentage. Additionally, keeping an eye on the financial climate and market fluctuations can help ensure you get the most out of your policy.
Yes, if your life insurance policy is based in Matteson, IL, you can increase the death benefit at some point later in the policy’s life. Depending on the type of policy and insurance company, you may have to provide additional medical information in order to qualify for the increase. It is important to keep in mind that this process can take time and may involve some paperwork, so you should plan accordingly. Increasing the death benefit may also result in a higher premium or other fees, so you should carefully evaluate the potential cost versus benefit before committing to the change.
Are there any fees associated with taking a loan against universal life insurance policies near Matteson?
Yes, there are certain fees associated with taking a loan in Matteson, IL. Depending on your lender, you may be required to pay an origination fee, appraisal fees, and closing costs. Your loan servicing company may also charge you late fees and prepayment fees if you decide to repay the loan early. Moreover, personal loans taken with banks may impose additional administrative and processing charges. It is important to discuss all applicable fees with your lender before signing the agreement.
How long do I have to reinstate a lapsed universal life insurance in Matteson?
In Matteson, IL, individuals have a grace period of 30 days to reinstate a lapsed policy. During that time, the individual must contact a representative at their insurance agency and follow all the instructions that were given when the policy was first acquired in order to be eligible for reinstatement. After the grace period ends, the individual will no longer be eligible for a reinstatement. It is advised for individuals in Matteson to act quickly to reinstate their policy before the grace period expires.
How do management fees affect my cash value growth with my Matteson universal life insurance policy?
Management fees have a direct impact on the growth of cash value in Matteson, IL. These fees are costs associated with the administration and management of investments, deducted from the fund's income or capital gains and applied to the investor's account on a regular basis typically quarterly or semi-annually. The fees may reduce the potential returns on an investment, however, they also help ensure portfolio management is done professionally. The size of the fee will depend on the asset and the associated risk, but can range from 0.5-2% of the fund's value.
Can I add or remove riders after the policy has started with my Matteson universal life insurance company?
Yes, Matteson, IL residents can add or remove riders after their policy has started. However, you will need to review your current coverage and work with your insurance provider to verify the process for your particular policy. Depending on your insurance provider, you may also need to pay any related fees or provide the insurer with additional information when making changes to your policy. If you are replacing a rider, the new rider will be put into effect once the provider has reviewed the request and approved the change.
Compare Matteson, 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