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With PolicyHub you get to compare over 37 Riverside, OH Universal Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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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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With PolicyHub getting started is easy. Compare all the Universal Life Insurance rates from all the providers in Riverside, OH. 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 Riverside, OH.
Frequent Questions...
Choosing a life insurance policy is an important decision, and many people in Riverside, OH may find that a universal life insurance policy, with its flexibility and cash value, is best for their particular situation. Universal life insurance allows the policyholder to vary their premiums, death benefit, cash value increases, as well as benefit from high cash values due to current tax laws. As these factors can vary and be adjusted according to personal circumstances, universal life insurance offers people in Riverside, OH greater flexibility than traditional life insurance products, while still providing a death benefit to their loved ones.
How should I evaluate if universal life insurance quotes in Riverside fits my financial goals?
Evaluating if universal life insurance fits your financial goals in Riverside, OH can be done by assessing the needs of your family, your desired coverage amounts, and the performance of the policy. Universal life insurance is an expansion of the traditional term life insurance in that it gives the policyholder the option to use the policy's cash value to pay a portion of, or all of, the policy's premiums. This increased flexibility and expense control can be beneficial for families that may experience unexpected changes in income or need to adjust how much they are paying for coverage.
Does the flexibility of a universal life insurance policy Riverside benefit policyholders?
Universal life insurance offers benefits to policyholders in Riverside, OH, who value flexibility. With this option, policyholders can choose an amount and type of death benefit that works best for them, for example changing their beneficiaries or even the amount of coverage. Additionally, policyholders can manage their premium payments, setting up their own payment frequency, as well as making additional contributions throughout the policy's lifetime. With universal life insurance, Riverside policyholders are in control of their policy, allowing them to make adjustments that best fit changing circumstances.
With universal life insurance near Riverside, are there any penalties for not paying premiums?
In Riverside, OH, the penalty for not paying premiums is typically the loss of coverage. Insurance companies may issue warnings or send to letters to individuals who have not made payments. Depending on the policy, there may be an additional fee that is assigned for not paying premiums on time. For some policies, coverage may be cancelled without any further notice. It is important to always stay up to date on premium payments to avoid any costly penalties or other consequences.
How often is interest credited to the cash value in my universal life insurance quote Riverside?
Interest credited to the cash value in Riverside, OH will depend on which product you choose. Generally, interest is credited monthly, but some life insurance policies offer the ability for interest to be credited to the policy on a quarterly, semi-annual, or annual basis. Separate accounts and investment options may have other compounding frequencies that you should discuss with your life insurance agent. Regardless, you can expect reliable benefit from the plan you purchase.
Yes, in Riverside, OH, you can increase the death benefit later in the policy's life. For those with whole life policies, you may be able to increase your safety net by selecting an additional rider that allows you to increase the death benefit. Additionally, if you have a term life policy, you may be able to convert all or a portion of the plan to a permanent life policy. Ultimately, this will depend on your individual circumstances and will require you to assess the costs associated with the various options available.
What is the maximum amount I can borrow from universal life insurance policies near Riverside?
In Riverside, OH the maximum amount you are able to borrow from your policy will depend on the type of insurance policy you have and the applicable policy terms. The exact amount may vary based on the specific details of your policy, including things like policy coverage limits and the length of time your policy has been held. It is important to speak with your policy agent in order to gain an accurate idea of the exact amount you are able to borrow from your policy.
How is the surrender value calculated with my universal life insurance in Riverside?
The surrender value of an insurance policy in Riverside, OH is calculated based on the policyholder's account value and any applicable fees or surcharges. The insurer will review current market values and take into account the insured's class, age, and contribution history. If the policyholder has made improvements or riders to the plan, these will also be considered. The insurer's costs associated with selling and servicing the policy must be accounted for. The amount of time the policy has been in effect, as well as any premium rates or taxes, may also affect the surrender value.
Are there penalties for excessive withdrawals from my Riverside universal life insurance policy?
Yes, there may be penalties for excessive withdrawals depending on the individual account and banking institution in Riverside, OH. For savings accounts, the Federal Reserve allows financial institutions to charge fees for up to six withdrawals in a given month. Beyond that, the bank may charge additional fees or even close or convert the account. Some checking accounts may also limit the number of withdrawals before charging a fee. It's important to contact the bank in Riverside for details on any specific fees tied with withdrawals.
Can I add or remove riders after the policy has started with my Riverside universal life insurance company?
In Riverside, OH, it is typically possible to add or remove riders to existing policies after the policy start date. However, the specific terms of your policy may not allow for such changes and you should consult with your insurance provider to determine exactly what your policy allows. In addition, be sure to consider the effect that adding or removing policy riders is likely to have on the premium and other policy provisions. Your insurance provider should be able to answer any questions you may have.
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