Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Odessa, TX 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 Odessa, TX. 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 Odessa, TX.
Frequent Questions...
Universal Life Insurance is a type of permanent life insurance policy that offers flexible coverage in Odessa, TX. It works by allowing policyholders to adjust their premiums, as well as the death benefit according to their unique needs. The premiums go towards the policy owner's death benefit and, in some cases, any available cash value. The cash value of the policy grows each year over time and gains interest, offering policyholders added flexibility and security about their coverage. The cash value can even be borrowed against for additional financial protection.
How do universal life insurance quotes in Odessa compare with term life insurance?
Universal life insurance, available in Odessa, TX, differs from term life insurance in that it is a long-term, permanent policy designed to provide lifetime coverage and a cash accumulation feature. Because it is permanent, universal life premiums remain level for life and do not increase with age. Additionally, the premiums you pay may be invested and provide a cash value that can be used if desired.
Does the flexibility of a universal life insurance policy Odessa benefit policyholders?
Universal life insurance offers great flexibility for policyholders in Odessa, TX. Policyholders are able to modify their coverage amount and change their premium if their life circumstances change. Additionally, policyholders are able to adjust the amount of money going to the policy's savings component, or even borrow against it with no tax consequence. With universal life insurance, policyholders also have the option of using funds in the savings component to increase the death benefit or otherwise supplement it. This benefit is especially pertinent for residents of Odessa, TX, who value the security of life insurance.
What are the consequences of late premium payments and universal life insurance near Odessa?
In Odessa, Texas, when a premium payment is made late, the policyholder can be subject to various fees and penalties. These may include larger late payments, interest on past due balance, and if it continues, the insurer could terminate the policy. Furthermore, the policyholder could be without coverage during the lapse from the late payment. Additionally, policyholders may be charged an administrative fee for past due payments to cover the carrier's expenses. Thus, it is important to make premium payments on time to avoid potential financial hardship and to avoid any lapse in coverage.
When I get a universal life insurance quote Odessa, how is the interest on the cash value determined?
The interest on the cash value in Odessa, TX is determined based on the current market conditions and the availability of funds locally. The lender that is providing the loan generally assesses interest based on the creditworthiness of the borrower and the prime lending rate. Additionally, any additional costs associated with the loan, such as origination fees, may affect the interest rate. Finally, the lender and the borrower also agree upon the repayment terms, which can also have an effect on the interest rate.
In Odessa, TX, death benefits are not taxable if the individual was a resident of Texas at the time of death, the terms of the policy are valid, and the death benefits are used for the specific purpose specified in the policy. If the death benefits are used for other than the specified purpose, the death benefits may be subject to taxation. Check with a qualified tax professional in Odessa, TX to be sure that all applicable rules and regulations are followed.
What is the maximum amount I can borrow from universal life insurance policies near Odessa?
The maximum amount you can borrow from your policy varies depending on a few factors, such as the type of policy you have, the current value of your policy, and the regulations in your area. In Odessa, TX, the maximum amount you can borrow is governed by the Texas Insurance Code and the minimal standards to which policies must adhere. Most often, the maximum amount you can borrow is equal to the cash surrender value or an amount determined by the life insurance contract. If you have any more questions, it is advisable to reach out to a professional in your area to discuss your specific situation.
How is the surrender value calculated with my universal life insurance in Odessa?
The surrender value for a life insurance policy in Odessa, TX is calculated differently depending on the type of policy. For a term policy, the surrender value is often based on the total amount of premiums paid over the term period, minus any applicable fees and policy costs. Whole and universal life policies typically have a surrender value based on the cash value of the policy, which will vary depending on the individual policyholder's age, performance of any underlying investments, and the policy's cash reimbursements, dividends, and credits.
Are there penalties for excessive withdrawals from my Odessa universal life insurance policy?
In Odessa, TX, penalties for excessive withdrawals may vary depending on the financial institution. Generally, financial institutions may charge a fee per withdrawal if a certain amount is exceeded within a certain period of time, but this number is not universal. It is best to inquire with the financial institution in question to determine their policies and any associated fees. Additionally, if warranted, it may be necessary to open a separate savings account to keep from exceeding the federal withdrawal limit regulations. Taking preemptive action by learning the policies of the financial institution can help you avoid any potential costly fees and penalties.
How can I change the beneficiaries on my policy with my Odessa universal life insurance company?
In order to change the beneficiaries on a policy in Odessa, TX, you must reach out to the insurance company and obtain the correct forms. Once the right paperwork is completed and signed, the policy information must then be updated in the company's records. To avoid confusion and potential mistakes, it is important to make sure that all information is accurately completed and that all of the necessary documents are submitted to the company. It is also important to remember that the forms will need to be notarized if they are sent by mail.
Compare Odessa, TX 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