Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Somers Point, 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 Somers Point, 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 Somers Point, NJ.
Frequent Questions...
Universal life insurance is designed to provide coverage for a person's entire life. In Somers Point, NJ, policyholders can look forward to the coverage lasting for as long as they are able to maintain their premiums. Depending on the insurance company you select, certain conditions may exist that can affect the length of the policy, such as age or pre-existing medical conditions. Nonetheless, if premiums are kept current, then universal life insurance is designed to provide coverage for a person's lifetime.
How should I evaluate if universal life insurance quotes in Somers Point fits my financial goals?
To evaluate if a universal life insurance policy meets your specific financial goals in Somers Point, NJ, it is important to consult with an experienced financial planner or insurance representative. They can help you understand the details of the policy and discuss the options that could most benefit you based on your individual circumstances. A universal life insurance policy offers flexible premiums, death benefits, and the ability to access cash value to build wealth and reach your financial goals.
Are there any riders or additional benefits I can add to my universal life insurance policy Somers Point?
Yes, absolutely! Depending on where you live in Somers Point, NJ, you may be able to add additional riders or benefits to your policy. For example, if you live in a flood-prone area, you can add a rider to your policy to cover any damages caused by flooding. If you have an in-ground swimming pool in your backyard, you may want to add a rider to your policy to provide extra coverage for a pool-related injury.
With universal life insurance near Somers Point, can I increase or decrease my premium amount after the policy starts?
In Somers Point, NJ, your policy's premium amount can be increased or decreased at any time, as long as the policy remains in good standing. This is done simply by contacting the insurance provider whether that be by phone, mail, or via the web and requesting a rate change. Generally, an increase or decrease in the premium will require justification, such as a change in coverage or life stage, and it is important to keep in mind that changes to the premium rate may affect your coverage.
How often is interest credited to the cash value in my universal life insurance quote Somers Point?
Interest on cash value is typically credited to your account annually in the Somers Point, NJ area. However, many insurance policies allow you to have the interest credited more than once a year, so it's important to check your policy to understand how often you will earn interest. Your local insurance company agent can provide more detail on the interest summary associated with your policy.
Beneficiaries in Somers Point, NJ who wish to claim the death benefit should contact the insurer and provide the necessary documentation, such as the decedent's death certificate and an identification card. The insurer will ask for evidence of the beneficiary's affiliation with the deceased, such as a will, as well as other information, usually related to the decedent's estate. Once the insurer has received all the necessary information and documentation, the beneficiaries will be sent the death benefit payout or be advised of how to access it.
How does a withdrawal affect my death benefit and universal life insurance policies near Somers Point?
Taking a withdrawal from your policy in Somers Point, NJ will reduce the amount of your death benefit. When you take money out, your insurance company will reduce the amount of your death benefit to cover the cost of the withdrawal. The amount of the reduction will depend on factors like the amount of the withdrawal and the type of policy you have. Additionally, depending on the policy, there may also be other costs associated with taking the withdrawal. This can affect the premiums that will be due in the future and may also reduce the cash value of the policy.
How long do I have to reinstate a lapsed universal life insurance in Somers Point?
In the Borough of Somers Point, NJ, residents have up to 30 days to reinstate a lapsed policy. Depending on the type of policy you have selected, you could be eligible for a grace period or an extended reinstatement period; however, you will need to contact your insurer to see if they offer such a feature. You may need to provide additional documentation in order to reinstate your policy. It is recommended to act within the 30-day period in order to avoid extensive fees or higher rates.
Are there penalties for excessive withdrawals from my Somers Point universal life insurance policy?
In Somers Point, NJ, if you make excessive withdrawals from your bank account there may be restrictions placed on your account or even penalties associated with the activity. Depending on the specific account type and your banking institution, withdrawing more money than the allotted number of times could result in a fee being applied for each additional transaction. In certain occasions, there could even be interest charges, or a reduction in the accumulated interest rate, so it's important to confirm in advance the withdrawal rules associated with your particular account.
How can I adjust the terms of my policy through my Somers Point universal life insurance company?
If you need to adjust the terms of your policy after it has been issued in Somers Point, NJ, you should contact your insurance provider directly in order to discuss the changes you need. Depending on the changes you are requesting, your provider may require additional documentation or proof of the request before making the adjustments to your policy. Your provider will often work with you to find a solution that meets your needs while still upholding the policy conditions. It is important to ensure that the requirements for making changes are followed in order to ensure that your policy is properly updated.
Compare Somers Point, 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