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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 Shreveport, LA. 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 Shreveport, LA.
Frequent Questions...
Universal life insurance is an attractive option for those living in Shreveport, LA due to its flexibility. Not only does it offer life insurance protection with the potential to earn interest, but policyholders can also choose to increase, decrease, or change their policyβs premiums. Additionally, policyholders can choose to adjust their death benefit over time to meet their ever-changing needs or objectives. All of these factors combine to give Shreveport residents an unparalleled control over their life insurance, making the decision to purchase a universal life policy much more appealing compared to other life insurance options available.
What are the main differences between universal life insurance quotes in Shreveport and whole life insurance?
The key difference between universal and whole life insurance when it comes to Shreveport, LA is the duration that the policy stays in effect. Whole life insurance plans stay in effect throughout your lifetime, whereas a universal plan will end after a certain period of time. This means that Shreveport citizens with a universal plan run the risk of needing to shop for a new policy once their term ends, whereas those with a whole life policy are assured coverage for life and can pass the coverage on to their designated beneficiaries in the event of their death.
Are there any riders or additional benefits I can add to my universal life insurance policy Shreveport?
Yes, there are riders and additional benefits you can add to your policy in Shreveport, LA. Some of these include comprehensive coverage, flood coverage, hearing aid coverage, and wind damage coverage. For those interested in extra protection, you may want to add liability coverage. Additionally, there are options available for adding specified incident coverage, life protection, and liability for the transportation of goods. All of these options give you the ability to tailor your policy to your specific needs and provide you with the protection you desire while living in and around the Shreveport area.
With universal life insurance near Shreveport, can I increase or decrease my premium amount after the policy starts?
Yes, you can adjust your premium amount after your policy has started in Shreveport, LA. The amount of your premium is dependent on several factors, including the location of your home as well as other factors related to your coverage levels. Therefore, if there are any life or property changes that may affect those factors, you should inform your insurance carrier to assess if your premium should be adjusted accordingly. For insurance customers living in Shreveport, LA, you can contact an agent to discuss possible changes to your policy, as well as ways to lower your premium.
How often is interest credited to the cash value in my universal life insurance quote Shreveport?
Interest is generally credited to the cash value of investments in the Shreveport, LA area semi-annually. When available, the customer has the option to select other interest crediting options including quarterly and annually; however, semi-annual is the most commonly chosen option. After the interest accrues, it can then be used to purchase additional cash value or be withdrawn, pending the policy's terms and conditions.
Yes, in most cases you can increase the death benefit of a life insurance policy later in its life here in Shreveport, LA. It mainly depends on the policy provider and the specifics of the policy. If there is such an option, you should be aware that you may need to provide additional documentation or medical evidence to further support the policy. Additionally, you may need to pay additional premiums or fees, so it is important to speak with your life insurance provider about increasing the death benefit of your policy before making any changes.
How do I take a loan against universal life insurance policies near Shreveport?
If you're a Shreveport, LA resident, taking out a loan against your policy is easily achievable. You'll first need to contact your insurance provider and let them know you wish to take out a loan. Your provider will be able to tell you how much money you are eligible for and how much of the policy is being used as collateral. From there you'll be provided with a loan agreement outlining the terms and conditions of the loan. Once approved, you will have access to the money within a few days.
How long do I have to reinstate a lapsed universal life insurance in Shreveport?
In Shreveport, Louisiana, you have 30 calendar days from the policy lapse date to reinstate a lapsed policy. After 30 days, it is not possible to reinstate the policy and you will be required to purchase a new policy. It is important to act quickly to reinstate the policy if you would like to avoid the inconvenience of buying a new policy. Once the policy lapses, the reinstatement process must be completed within the specified time period or the policy will be cancelled permanently.
With the average Shreveport universal life insurance policy, are there any transaction fees?
In Shreveport, Louisiana, there are usually no transaction fees when it comes to changing your investment options. However, should you elect to move funds from one type of investment to another, you may incur fees. These generally vary by broker and are worth researching in advance. Additionally, if you are transferring money from another financial institution, additional fees may apply. Be sure to inquire with the relevant financial institution regarding possible fees and be mindful of potential tax ramifications when altering your investments.
How can I change the beneficiaries on my policy with my Shreveport universal life insurance company?
To change the beneficiaries on your policy if you live in Shreveport, LA, you will need to contact your insurer. Depending on the type of policy you have, you may need to complete a change of beneficiary form or present a letter of instruction with the relevant details of who you want to be the beneficiary. Your insurer's staff in Shreveport will be able to give you detailed instructions and guide you through the process. It is important to consider the implications of changing beneficiaries, since doing so could have tax implications.
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