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Over 37 policy provider comparison.
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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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"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 Parkersburg, WV. 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 Parkersburg, WV.
Frequent Questions...
Universal life insurance policies in Parkersburg, WV can last for as long as you need them to. The duration is determined by the specific terms and conditions of the policy agreed to by the insured and the insurance company. It can range from a few months to a lifetime. Typically, you won't be protected past the age of 99 which is the maximum age coverage provided. Moreover, premium payments need to be faithfully kept up to ensure that the policy stays in effect and does not lapse.
For whom are universal life insurance quotes in Parkersburg most suitable?
Universal life insurance is a great fit for individuals and families in Parkersburg, WV who want flexibility and long-term coverage. This type of coverage allows policyholders to choose the amount of their premium, adjust their coverage levels, and vary their premiums depending on their financial situation at any given time. It also offers cash value and potential tax advantages.
Does the flexibility of a universal life insurance policy Parkersburg benefit policyholders?
Parkersburg, WV policyholders relying on universal life insurance can benefit from its flexible characteristics. With universal life policies, policyholders can adjust the amount of their premiums and the amount of their death benefits as needed. This provides policyholders with the ability to customize their universal life insurance policy in order to fit their specific financial situation. It also allows policyholders to changes the frequency with which their premiums are due and the duration of the policy. All these aspects allow Parkersburg, WV policyholders to tailor their universal life insurance policy in order to best suit their individual financial objectives.
What are the consequences of late premium payments and universal life insurance near Parkersburg?
In Parkersburg, WV, there are negative consequences for being late on premium payments. From a financial standpoint, most insurance companies charge fees for being late on premium payments, and depending on the outstanding balance, this infraction may result in the termination of the coverage until the balance is paid in full. In addition to financial penalties, late payments could have an adverse effect on your credit rating for a period of time. Finally, potential insurers may view a history of late payments as a sign of fiscal irresponsibility, resulting in higher premiums for any policyholder.
When I get a universal life insurance quote Parkersburg, how is the interest on the cash value determined?
Cash value interest in Parkersburg, WV is determined by the local financial market. This means that if the market rate of return is higher than the contractual interest rate offered by the insurance company, the policyowner earns the higher rate of return. Furthermore, the interest rate changes and is affected by inflation, economic cycles, and other fluctuating conditions. Hence, it is important to pay attention to the local financial market to determine the interest rate on cash value for any given policy.
Absolutely! In fact, policyholders in Parkersburg, WV have the option to name multiple primary and contingent beneficiaries on their policy. You can divide the policy proceeds among your beneficiaries however you choose and can even set up a trust with the proceeds for your beneficiaries. Depending on the insurance company you choose, you may want to act soon as there can often be policies that have rules about the maximum number of beneficiaries you can include.
Can I repay a loan with the cash value from universal life insurance policies near Parkersburg?
In Parkersburg, WV, depending on the type of policy you have, you may be able to use the cash value from your policy to repay a loan. If you have a life insurance policy with a cash value, you can typically surrender the contract, which will generate a cash payment that can then be used to pay off whatever loan you have. Additionally, some permanent life insurance policies, such as whole or universal life, may also offer loan capabilities that allow you to withdraw from the cash value of your policy if you have the need for a large amount of money.
What is the process for surrendering my universal life insurance in Parkersburg?
Surrendering a universal life insurance policy in Parkersburg, WV involves a few steps that must be followed. First, to begin the process, you must contact your insurance company directly to inform them of your decision to cancel the policy and surrender the policy back to the company. Make sure to have the policy number available when calling the insurance company. The second step is to review the contract and surrender form that you will receive from the insurance company, be sure to read all of the fine print before signing.
What types of fees are associated with my Parkersburg universal life insurance policy?
In Parkersburg, WV, there are a variety of fees associated with owning a universal life insurance policy, including annual policy fees, rider fees, premium payment fees, and funds transfer fees. Fees will vary based on age, gender, and other factors, so it is best to consult with a financial planner or insurance agent in Parkersburg to get a better understanding of what you may be responsible for as the policyholder. Understanding these fees is crucial as they can affect the overall returns you receive from the life insurance policy over time.
How can I change the beneficiaries on my policy with my Parkersburg universal life insurance company?
In Parkersburg, WV you can change the beneficiaries on your policy by contacting your insurance provider. Most providers have multiple methods to do this. Depending on the provider you may be able to do this through a call center or an online portal. Oftentimes, you may have to contact a local Parkersburg, WV office, which may require you to set up an appointment with an agent and provide them with documentation such as a signed authorization form or the former beneficiaries names to process the request.
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