Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Somerset, 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 Somerset, 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 Somerset, NJ.
Frequent Questions...
In Somerset, NJ, universal life insurance can be a great choice for permanent life insurance coverage. It offers flexible premiums and protection that can cover you and your family for life. Not only does it provide life un tabs death benefit protection, but it also offers potential cash value accumulation, allowing you to accumulate savings and use the cash for other expenses. Universal life may provide estate planning options, while also offering tax deferred growth on the cash value. With so many advantages, it is easy to see why universal life insurance can be a great option for those seeking permanent life insurance coverage.
What are the main differences between universal life insurance quotes in Somerset and whole life insurance?
Universal and Whole Life Insurance both provide financial protection for families living in Somerset, NJ. However, the two are distinctive in their offerings. Universal Life Insurance, also known as "flexible-premium plans," provides policyholders with the option to adjust their premiums over time and also offers a variety of investment options for additional financial growth. Whole Life Insurance guarantees both an additional death benefit and cash values that can be used any time by the policy holder. This form of life insurance provides a lifetime of protection and tax-deferred cash value growth, which can also serve as a source of emergency borrowing.
Does the flexibility of a universal life insurance policy Somerset benefit policyholders?
Universal life insurance in Somerset, NJ provides policyholders with numerous valuable benefits, with flexibility being one of the paramount. Universal life insurance provides an unparalleled level of freedom as policyholders are able to adjust the amount of premium they must pay, as well as change the amount of death benefit if their circumstances change. These changes can be done any time and without needing to take out a new policy. This means that Somerset residents can tailor their policy to fit their current needs, allowing them to save money and still hold onto a financial safety net.
Can I alter the frequency of my premium payments with universal life insurance near Somerset?
Yes, you can alter the frequency of your premium payments in Somerset, NJ. Most companies allow you to customize the payment schedule to meet your specific needs. Monthly, quarterly, semiannual or annual payment options are typically available along with options to pay in full. Depending on the insurer, you may be able to establish automatic payments, which will help ensure that your payments are made on time. If you are looking to pay by check or money order, some companies allow this option as well. Contact your insurer for more details about what payment options are available to you.
Is there a guaranteed minimum interest rate for the cash value of my universal life insurance quote Somerset?
The guaranteed minimum interest rate for the cash value of a life insurance policy in Somerset, NJ can vary greatly depending on the provider and plan chosen. When evaluating life insurance policies, it's important to look for policies that guarantee a minimum rate of return and prioritize protection from wear and tear, such as inflation and taxation. To ensure you are receiving the maximum return for your stash of cash, it's important to compare the different life insurance policies on the market and consult a trusted financial professional in order to make the most informed decision.
Yes, in Somerset, New Jersey you can increase the death benefit of a policy later in its life through Riders such as an Accelerated Death Benefit or Guaranteed Insurability Rider. With an Accelerated Death Benefit Rider, the policyholder can access a portion of the death benefit in the event of a terminal illness. The Guaranteed Insurability Rider allows policyholders to increase their death benefit at any time, regardless of their health, by paying an additional premium. Check with your insurance provider to see which Riders are applicable to your policy.
What is the maximum amount I can borrow from universal life insurance policies near Somerset?
In Somerset, NJ, the maximum amount one can borrow from their policy depends on the specific contract they are participating in. It is important to note, however, that the amount one can borrow is limited by the cash value of the policy. In most cases, the borrowing limit should not exceed surrender value. Those who wish to explore their borrowing options should consult their licensed financial representative and review the terms and conditions of their policy.
Are there any penalties for surrendering the universal life insurance in Somerset early?
Depending on the specific policy, there may be penalties associated with surrendering insurance coverage early in Somerset, NJ. Generally, early termination of insurance policies means that policyholders may forfeit all or part of the premiums they've paid and could face additional contractual consequences. In some cases, the policy may not be refunded, which could result in a financial loss. Before surrendering a policy, make sure to communicate with your insurance provider, as they can help you determine the specific penalties associated with early termination.
Are there penalties for excessive withdrawals from my Somerset universal life insurance policy?
Yes, there are potential penalties for excessive withdrawals in Somerset, NJ. Your individual financial institution will determine the rules and fees associated with any excessive withdrawals. Typically, withdrawals beyond the specified limit may result in a fee per transaction. If the withdrawals occur more frequently than allowed, additional fees or the closure of the account may apply. Therefore, it is important to understand the policies of the institution you are banking with and adhere to any limitations to avoid these penalties.
Is it possible to change my premium payment schedule with my Somerset universal life insurance company?
In Somerset, NJ, you may be able to change your premium payment schedule depending on the type of policy you have. It's always best to contact your insurance provider directly to inquire about any adjustments you'd like to make to your payment plan. Insurance coverage regulations vary by state and are determined by the insurer, so it's important to determine what options are made available to you. Usually, you can select from different payment options, such as quarterly, semi-annually, or annually.
Compare Somerset, 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