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With PolicyHub you get to compare over 37 Oakland Park, FL Universal Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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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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With PolicyHub getting started is easy. Compare all the Universal Life Insurance rates from all the providers in Oakland Park, FL. 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 Oakland Park, FL.
Frequent Questions...
Yes, universal life insurance is considered permanent insurance and is widely available in Oakland Park, FL. Universal life insurance offers policyholders several attractive advantages such as flexible premiums, tax-deferred interest earnings, and a death benefit value that can accumulate over time, all while providing permanent protection for the policyholder and their family. Universal life insurance policies offer the flexibility to adjust coverage based on the customer's particular financial needs and obligations without changing the overall policy. As a resident of Oakland Park, FL you have access to a variety of providers offering permanent life insurance protection.
For whom are universal life insurance quotes in Oakland Park most suitable?
Universal life insurance is a great choice for Oakland Park, FL residents looking for long-term financial protection combined with flexibility. Not only can this type of policy be used for end-of-life expenses and burial costs, but it also provides policyholders the option to use the cash value for other important investments, such as college funds or purchasing a house. Universal life also offers tax-free death benefits to the beneficiary and increased protection against inflation. In addition, universal life insurance allows you to adjust the amount of coverage and premiums you pay, should your life circumstances change.
Are there any riders or additional benefits I can add to my universal life insurance policy Oakland Park?
Yes, if you are an Oakland Park, FL resident, you may be able to add optional riders and benefits to your policy. Depending on the type of policy you have, you may be able to add comprehensive coverage for special items you own or coverage for a wide range of activities like snow skiing or golf. You may also be able to add emergency medical coverage if you travel abroad or add identity theft coverage. Speak to your local agent to find out more details on which riders and additional benefits you can consider adding to your policy.
Can I alter the frequency of my premium payments with universal life insurance near Oakland Park?
Yes, you may be able to alter the frequency of your premium payments in Oakland Park, FL depending on the insurance carrier you are working with. Most insurance companies offer the ability to pay your premium with varying payment options either monthly, quarterly, semi-annually, or annually. If you have already set up payment with an insurance company, you may be able to reach out to them to adjust the payment frequency if it still falls within their policy guidelines. Additionally, you may be able to take advantage of discounts for going with a longer payment option.
Are there any limits to the cash value growth in my universal life insurance quote Oakland Park?
The cash value growth of Oakland Park, FL is subject to certain limits. Generally, the most an annuity policy will aim to achieve is 8-10% growth in cash value. This growth may vary and is subject to a number of factors such as the type of annuity product, the performance of investments and the current economic environment. It's best to speak to your financial services representative to strategize how to grow your cash value within the limits of the particular annuity product and Oakland Park, FL regulations.
In Oakland Park, FL, it's a straightforward process for your beneficiaries to claim the death benefit from your policy. The first step is for your beneficiaries to contact the life insurer or the organization or entity handling the claims process in the state of Florida. Your beneficiaries will provide the requisite paperwork and documents in order to prove the life insurance policy is active and in good standing. In a few days, the life insurer should provide the necessary forms for the application submission and start the claims process. The insurer should provide a response on the claims process within a few weeks.
Can I repay a loan with the cash value from universal life insurance policies near Oakland Park?
In Oakland Park, FL, you may be able to repay a loan with the cash value from your policy depending on where the loan originated from. If it is a bank loan, you will need to speak with the bank to determine if it is possible to use the cash value of a policy as a repayment option for the loan. Furthermore, if it is a life insurance loan, then you may be able to use the cash value of your policy to repay the loan.
What is the process for surrendering my universal life insurance in Oakland Park?
Surrendering a universal life insurance policy in Oakland Park, FL requires that a policyholder submit a formal request to their insurance provider. This request must be in writing and should include the policy number as well as the policyholder's contact information. Once a surrender request is received, the provider will then provide the policyholder with a surrender form that must be completed with the ownerβs signature and relevant banking information to receive payment. The policy will then be processed and payment will be made within 2-3 weeks.
With the average Oakland Park universal life insurance policy, are there any transaction fees?
In Oakland Park, FL, there are usually no transaction fees associated with changing your investment options. However, certain investments may come with different fee structures that you should be aware of. If you're considering making an adjustment to your portfolio, it's a good idea to check with your financial advisor to ensure that your decision falls in line with your financial objectives. Additionally, your financial advisor can review your investment options and recommend an alternative that will provide better financial returns.
Can I add or remove riders after the policy has started with my Oakland Park universal life insurance company?
In most cases, adding or removing riders after a policy has started is not possible in Oakland Park, FL. However, if you are adding or removing a spouse, child, or dependent, your policy may allow you to do so. It's best to speak with your insurance provider to discuss these details and any associated fees or changes in premium amounts. Additionally, you may be able to purchase separate policies to cover off dependent family members so check with your provider to understand what they can offer.
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