Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 River Edge, 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 River Edge, 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 River Edge, NJ.
Frequent Questions...
Universal life insurance can be a great choice for individuals living in River Edge, NJ that want customizable and flexible coverage. It allows for policyholders to choose the amount of premium payments, coverage amounts, or length of policy, all while gaining a cash value. This amount is typically tax-deferred and can be the basis of an investment plan. Universal life insurance also provides policyholders with more choice than other types of life insurance by allowing for income tax-free distributions to be taken out, all while giving a death benefit to the beneficiaries.
How do universal life insurance quotes in River Edge compare with term life insurance?
Universal life insurance is a more comprehensive and flexible type of life insurance than term life insurance, making it a great option for policy holders living in River Edge, NJ. With universal life insurance, not only does the policy holder benefit from death benefit coverage while the policy is active, but they also have the flexibility to adjust the benefits and payments as their life changes. In contrast, term life insurance provides death benefit coverage for a set period of time with a fixed payment schedule.
How can the cash value in my universal life insurance policy River Edge grow over time?
In River Edge, NJ, the cash value in your policy can grow over time through a variety of saving, investing, and budgeting strategies. One method is to take advantage of traditional investment vehicles such as stocks, mutual funds, and real estate. By diversifying your portfolio, you can ensure growth and steady increases in the value of your policy. Additionally, if your policy allows, you can also add supplemental riders that give you the option to put more of your premium into an investment growth account. Another way to grow the cash value in your policy is to regularly pay premiums on time.
What are the consequences of late premium payments and universal life insurance near River Edge?
In River Edge, NJ, late premium payments can incur several consequences. If a policyholder misses premium payments, then their coverage may lapse, leaving them exposed without insurance in the event of an incident. Furthermore, the policyholder may face hefty fines, or the policy could be cancelled altogether. Subsequent attempts to obtain coverage will be met with increased premiums and, in some cases, denial of coverage altogether. Furthermore, these fines and denied claims could result in negative marks on the policyholder's credit report.
When I get a universal life insurance quote River Edge, how is the interest on the cash value determined?
Interest on cash value in River Edge, NJ is determined based on a variety of factors such as current financial market conditions, the cash value's allocated asset class or fund portfolios, and the policies of the individual life insurance company you are insured with. Different life insurance providers have different interest rates, so it is important to consult your insurer about the specifics of your policy and current interest rates. Additionally, cash value life insurance policies have annual dividends that can also contribute to the growth of the cash value of the policy.
In River Edge, New Jersey, it depends on the circumstances of the death benefits and how they are received. Generally, death benefits are not taxable, but some portion may be taxable if the receiver of the death benefits is a beneficiary other than the deceased's spouse. For example, if the death benefits are used to fund an IRA, then the taxes on that income need to be paid by the beneficiary. Furthermore, if a beneficiary uses death benefits to purchase property such as a house, then the capital gains tax may be applicable.
How does a withdrawal affect my death benefit and universal life insurance policies near River Edge?
Taking a withdrawal from your death benefit while living in River Edge, NJ could potentially decrease its total value in the event of your passing. While a withdrawal may provide necessary financial relief in the present, it should be done with caution and in careful consideration of how such an action might affect your beneficiaries in the future. Depending on the original terms of the death benefit plan and the withdrawal amount, a decrease in value may become a factor. It is important to be mindful of this when making such a decision.
Can I reinstate my universal life insurance in River Edge after it lapses?
If your policy has lapsed in River Edge, NJ, you may be able to reinstate it depending on the insurance company of your policy. It is important to contact the insurance company as soon as possible before the lapse is known to the state. If everything is in good order, the insurance company may choose to reinstate the policy but may add additional fees in their decision. However, if the lapse is known to the state, reinstating the policy will be much harder and you may have to purchase a new policy as the same policy may not be available.
With the average River Edge universal life insurance policy, are there any transaction fees?
At River Edge, NJ, there are no transaction fees for changing your investment options. Our team of financial professionals uses financial planning techniques tailored to your individual needs that provide a comprehensive approach to asset management for residents of River Edge. Every aspect, including fees and expenses associated with the investment options, is reviewed on an individual basis for every investor. We strive to provide a top-notch investment experience and ensure maximum returns in an efficient manner. We are confident that both experienced and novice investors alike will be more than satisfied with the selection of plans and services that River Edge provides.
Is it possible to merge or split a universal life insurance policy with the average River Edge universal life insurance company?
Yes, it is possible to merge or split a universal life insurance policy in River Edge, NJ. By working with a qualified insurer, you can get advice and options to merge or split a policy to fit into your financial plan. For example, a split policy can be used as an estate planning tool, or policies can be merged to increase your coverage. When considering merging or splitting a policy, it's important to work with a knowledgeable insurance company in River Edge that can provide you with the best advice and options for your situation.
Compare River Edge, 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