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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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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 Plainview, NY.
Frequent Questions...
Universal life insurance is considered a form of permanent life insurance, which can provide lifelong coverage in Plainview, NY. One common benefit to obtaining this type of policy in the area is the potential for policyholders to customize the amount and length of coverage, as well as the ability to include an investment component. Depending on the chosen policy and a policyholder's situation, premium costs may vary and can be adjusted throughout the life of the policy. Ultimately, universal life insurance can be a suitable option for those looking for lifelong coverage and flexibility in Plainview.
For whom are universal life insurance quotes in Plainview most suitable?
Universal Life insurance is most suitable for individuals living and/or working in the Plainview, NY area looking for increased flexibility and lifelong protection for their family. This type of policy offers steady premiums with a variety of death benefit options, updated interest floors, living benefits, and the ability to adjust premiums and/or death benefits when you need to. UL insurance may be a good choice for those concerned about future financial obligations such as taxes, college tuition, and retirement. Furthermore, UL policies continue so long as premiums are paid up to date, so no additional policy reviews are required.
Are there any riders or additional benefits I can add to my universal life insurance policy Plainview?
In Plainview, NY, there are numerous riders and additional benefits you can choose from to customize your insurance policy and provide added protection. Popular riders include accident benefits, disability income, additional life insurance, and critical illness insurance, while additional benefits may include home and auto rental reimbursement, pet coverage, and identity theft coverage. Talking to your insurance agent will ensure you get the most out of your policy.
With universal life insurance near Plainview, are there any penalties for not paying premiums?
Yes, in Plainview, NY there are penalties for not paying premiums. These penalties can range from the insurance company canceling your policy to the collection of late fees combined with the full amount owed for the premium and/or an increase in premiums for the upcoming year. Regardless of the penalties, it is always best to pay your premiums in a timely manner to avoid suspension of your coverage and potential financial loss.
When I get a universal life insurance quote Plainview, how is the interest on the cash value determined?
Plainview, NY is unique in that interest earned on the cash value in life insurance policies is determined by applying a set of factors that are specific to the individual policyholder. This includes the amount invested, the performance of the specific insurance company's investment portfolio, and the specific guidelines of the policyholder's contract. Overall, the Plainview, NY life insurance market is competitive and highly regulated, so you can rest assured that you are getting a fair rate of return from your cash value investment.
In Plainview, NY, you may very well have the option to increase the death benefit later in the policy's life. To explore this possibility, speak with your local insurance agent to find out about the specific details of your policy. They will provide information on what options you have, any associated fees, and the requirements that you must meet in order to make such changes to the policy. There may also be changes to the policy length and restrictions on when you can make the death benefit change. Your insurance agent can provide complete guidance to help you make an informed decision.
What is the maximum amount I can borrow from universal life insurance policies near Plainview?
The maximum loan amount that you can borrow from your policy is determined by the policy coverage and benefits offered in Plainview, NY. Generally, borrowers can take out up to the policy's accumulation value from the policy. However, this value is subject to loan interest charges and potential surrender costs, so it is best to speak with a financial representative to gain a clear understanding of what amount you are able to borrow. In addition, Plainview, NY regulations may vary with regards to policy loan options, so be sure to contact your representative to determine the right course of action for your individual needs.
Can I reinstate my universal life insurance in Plainview after it lapses?
In Plainview, NY you may be able to reinstate your policy after it has lapsed depending on the insurance company. It is important that you contact the insurer as soon as possible to discuss policy reinstatement. Most companies will be able to provide some kind of special enrollment period if you call soon after the policy has lapsed. However, it is possible that you may need to pay back-due premiums and/or have late fees tacked on if you choose to reinstate the policy.
Are there penalties for excessive withdrawals from my Plainview universal life insurance policy?
In Plainview, NY, you can make unlimited withdrawals from your account without facing any penalties. However, if the amount you are withdrawing exceeds what is regulated by the Federal Reserve Banks, then you mayFind yourself subject to additional fees. If you are unsure about how much you can withdraw from your account, then you should contact your local bank branch in Plainview, NY for further clarification.
Is it possible to merge or split a universal life insurance policy with the average Plainview universal life insurance company?
In Plainview, NY, it is possible to merge or split a universal life insurance policy depending on the insurance provider. This is beneficial for individuals who need to adjust the amount and type of coverage required to meet their financial needs and lifestyle demands. However, it is important to note that this option is not available with all life insurance providers and there may be costs associated with such a policy change. It is also essential to understand the tax implications of a policy transfer and to review the terms and conditions of the policy to ensure all aspects are adequately covered.
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