Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Princeton, NJ 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 Princeton, NJ. 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 Princeton, NJ.
Frequent Questions...
Universal life insurance policies typically last the lifetime of the policy owner, so long as they continue to meet the premiums. In Princeton, NJ, a universal life insurance policy from a reputable provider can provide reliable and consistent life insurance coverage for life, with guaranteed death benefits and a cash value that can grow over time. By building your policy around your needs, this type of insurance can be an attractive and cost-effective investment for Princeton residents looking for long term life insurance coverage.
What are the main differences between universal life insurance quotes in Princeton and whole life insurance?
Universal and Whole Life insurance have fundamental differences that are relevant to Princeton, NJ residents. Universal Life insurance offers flexibility in terms of premium payments, death benefits and cash value build up, while Whole Life insurance is fixed in terms of premiums and death benefits, with a typically higher cash value build up than Universal policies. Whole Life policies are risking insuring until age 121 but Universal policies may need to be adjusted as financial circumstances change over time. While Whole Life provides fixed premiums and cash value, Universal Life premiums vary with interest rate fluctuations and death benefits can be adjusted as well.
Does the flexibility of a universal life insurance policy Princeton benefit policyholders?
Universal life insurance policies are attractive to Princeton, NJ policyholders because of its flexibility. For starters, the death benefit is adjustable, allowing policyholders in Princeton, NJ to increase or decrease the amount according to their needs. The premiums due are also flexible, meaning policyholders can choose to increase their payments to maximize the death benefit. Additionally, the policyholder can access the cash value, if available, in order to take advantage of tax-advantaged withdrawal options, making it an ideal choice for those seeking financial flexibility.
What are the consequences of late premium payments and universal life insurance near Princeton?
If you are a Princeton, NJ resident and you make a late premium payment, you may be subject to late payment fees or charges. Additionally, it could affect your coverage, since your policy may be canceled if one or more overdue payments are not made. If this happens, you could face a difficult road when attempting to obtain new coverage, especially if there have been medical or insurance claims filed in the past. Ultimately, it is important to make timely payments to avoid any challenges in the future.
Are there any limits to the cash value growth in my universal life insurance quote Princeton?
Princeton, NJ is blessed with many wonderful assets, both financial and non-financial. While there may be growth limits placed upon other investment vehicles, cash value growth in Princeton is limited only by the investment strategies and goals of its citizens. Whether through wise investing in local businesses, taking advantage of tax incentives, or other savvy means, Princeton's vibrant financial opportunities offer tremendous opportunities for cash value growth in the years ahead. With the quality and breadth of fiscal resources Princeton boasts, there's no upper limit to the cash value growth residents can achieve.
In Princeton, NJ, death benefits from qualified retirement plans or benefits provided to surviving spouses or dependents are generally not considered taxable income. However, any earnings or investment income taxable on the employee's prior returns will continue to be taxed for the beneficiary. Any distributions, withdrawals, and other payments made from the decedent's estate will be subject to federal and state taxes depending on the amount. Additionally, any lump sum payouts and life insurance settlements may be taxed, so it is important to consult a tax professional to determine the tax implications of death benefits.
How does a withdrawal affect my death benefit and universal life insurance policies near Princeton?
Withdrawing money from your death benefit prior to death will reduce the amount of benefits that you (or your beneficiaries) may be eligible to receive after your passing. In Princeton, NJ, this is typically done through a special type of life insurance policy known as a “prescription retirement income account”. These policies provide flexible and tax efficient withdrawals, ensuring that you benefit from taking the money out, however there will be an impact to the death benefit amount depending on the amount withdrawn. It is important to speak to your financial advisor before making any such decision.
Are there any penalties for surrendering the universal life insurance in Princeton early?
Generally, in Princeton, NJ, if you surrender a policy early you may be subject to penalties. These penalties can include, but are not limited to, surrender charges imposed by the insurer, the short-term gains tax if you receive more than you paid for the policy, and any applicable loan interest or administrative fees. To ensure you are aware of any applicable penalties it is important to consult your insurance provider for more information. It is also advisable to speak with a professional tax advisor to determine the potential impacts of surrendering a policy early.
Are there penalties for excessive withdrawals from my Princeton universal life insurance policy?
Yes, depending on the type of account, withdrawal limits may be defined, and excessive withdrawals that exceed the limit may incur penalties. In Princeton, NJ, many local banks offer checking or savings accounts with standard withdrawal rules. Generally, these rules are that customers are allowed a maximum of six withdrawals each month from savings accounts. Withdrawals made in excess of the limit may incur penalty fees, though they typically vary by financial institution. In addition to penalty fees, excessive withdrawals from a savings account may also impact the account holder's interest rates.
Is it possible to merge or split a universal life insurance policy with the average Princeton universal life insurance company?
Absolutely! Princeton, NJ has a variety of resources available to assist individuals in merging or splitting a universal life insurance policy. In most cases, these types of policies are usually divided among members of the same family. However, professional insurance counselors can help you come up with a customized solution for your particular situation. Before making any decisions, it is important to consider the short-term and long-term tax implications, as well as the legal ramifications, of the merger or split. A benefit of working with an insurance counselor or professional is that they can offer advice on the best options to maximize your investments.
Compare Princeton, NJ 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