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With PolicyHub you get to compare over 37 Shelbyville, IN 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 Shelbyville, IN. 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 Shelbyville, IN.
Frequent Questions...
Universal life insurance is a type of flexible and affordable permanent life insurance that provides lasting protection for the policyholder in Shelbyville, IN. It can last your entire life, provided you make the required payments, so it's an excellent option for long-term financial security for you and your loved ones. While you can make changes to the policy as your needs and life situation change, premiums due for the policy generally remain level throughout the coverage period while the death benefit can increase over time.
What are the main differences between universal life insurance quotes in Shelbyville and whole life insurance?
In Shelbyville, IN, the two main types of long-term life insurance policies are universal and whole life. Universal life policies are adjustable, allowing policyholders to choose how much coverage they need and how much they can contribute each month. Whole life policies provide fixed benefits that cannot be changed and remain permanent throughout the insured person's life. Another difference between universal and whole life is that universal offers more flexibility and fewer restrictions on policyholders, as well as competitive interest rates, while whole life provides a guaranteed death benefit but can be more costly.
How can the cash value in my universal life insurance policy Shelbyville grow over time?
In Shelbyville, IN, the cash value of your policy can grow over time through annual premium payments or annuity investments. Shelbyville residents can also grow their policy's cash value by investing in mutual fund shares. Mutual fund investments provide portfolio diversification and offer Hendersonville, IN, policyholders the opportunity to capitalize on long-term capital gains. With mutual funds, a portion of the policyholder's money is invested in stocks, bonds, and other securities. As the value of these investments increase, the cash value in the policy grows.
Can I alter the frequency of my premium payments with universal life insurance near Shelbyville?
Yes, altering the frequency of your premium payments is possible in Shelbyville, IN. Your insurer may be able to offer flexible payment plans, allowing you to make payments monthly, quarterly or even annually. This depends on the policy and provider – so be sure to check with your insurance company to see what they offer. Adjusting payment frequency can be a great way to manage your finances.
When I get a universal life insurance quote Shelbyville, how is the interest on the cash value determined?
In Shelbyville, IN, the interest rate and total cash value for the policyholder are determined by several factors, including policy terms, interest rates, and the market value of the underlying assets. The interest rate is typically influenced by the type of policy the policyholder has and the level of risk associated with the policy. Additionally, the cash value can fluctuate over time based on the performance of the underlying assets and the interest rate.
In Shelbyville, IN the death benefit of your policy will be determined by a variety of factors. These may include the type of policy you have, the benefit amount, if you took out additional riders, the premiums you paid, and the duration of the policy. Some policies also increase their death benefit over time, so this could also be a factor in your policy’s death benefit as well. Furthermore, any loans taken out against a life insurance policy will reduce the death benefit amount so be sure to take that into consideration.
Can I repay a loan with the cash value from universal life insurance policies near Shelbyville?
Yes, if you live in Shelbyville, IN, you can repay a loan with the cash value from your policy. Ameriana Bank located in Shelbyville offers Health Savings Account loans that allow you to access the cash surrender value from your insurance policy. This loan option is available for any policy that contains 5 years of accumulated cash value or more. To qualify, you must provide proof of ownership of the policy as well as proof that the loan payments will not exceed the cash surrender value. Contact a Financial Advisor at Ameriana Bank in Shelbyville to discuss your individual loan needs and options.
How is the surrender value calculated with my universal life insurance in Shelbyville?
The surrender value calculation for Shelbyville, IN will vary between insurance companies, but generally, it is based upon the type of policy held, the policy's duration, the premiums paid, as well as the performance of the company’s underlying investments. The cash value buildup or cash accumulations from dividends and interest earned will usually be figured into the surrender value calculation as well. Life insurance policies in Shelbyville, IN come with a guaranteed surrender value that is set forth at the beginning of the policy and cannot decrease.
What types of fees are associated with my Shelbyville universal life insurance policy?
In Shelbyville, Indiana, fees associated with a universal life insurance policy typically include a fixed insurance fee, a monthly administrative fee, annual policy charges, premium fees, and other miscellaneous fees. Financial advisors typically help policyholders understand the fees associated with their individual policies, so individuals are strongly encouraged to discuss fees thoroughly with their advisors. The fixed fees associated with universal life insurance policies can include mortality and expense charges, as well as other fees which are used to offset the costs of providing a death benefit.
Is it possible to change my premium payment schedule with my Shelbyville universal life insurance company?
Yes, depending on your insurance provider and plan, it's possible to change your premium payment schedule in Shelbyville, IN. This can often be accomplished by going online and logging into your account or by calling your insurance company directly. It might also be an option to simply set up automatic payments from your bank account, allowing you to pay on the same day each month with no additional steps needed to modify the payment date. In any case, it's always important to double-check your payment schedule before the payment is due.
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