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With PolicyHub you get to compare over 37 South Charleston, WV Universal Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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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
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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 South Charleston, WV. 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 South Charleston, WV.
Frequent Questions...
Universal life insurance is a great long-term option for individuals and families in South Charleston, WV. Depending on the type of policy purchased, it can provide coverage as long as you continue to live and pay the premium. With certain types of policies, you may even have the option to pay premiums up to a certain age, and still maintain coverage. While the length of coverage can vary, you can rest assured that your policy will remain intact for as long as you are paying the premium.
What are the main differences between universal life insurance quotes in South Charleston and whole life insurance?
Whole and Universal life insurance policies available to South Charleston, WV residents differ in their structure and aim. Universal Life Insurance is a more flexible type of policy, which allows its owner to adjust their premium within specific limits, plus the excess premiums can be deposited into a cash or interest-bearing account that earns tax-deferred interest. On the other hand, Whole life insurance has a fixed premium and the policy’s cash value accumulates over time, plus it offers a guaranteed rate of return.
Are there any riders or additional benefits I can add to my universal life insurance policy South Charleston?
Yes, when you purchase an insurance policy for South Charleston, WV there are riders and additional benefits you can add to better protect your assets. Some personalized riders can be added to a policy such as accident forgiveness, disappearing deductibles, and extended repair coverage. You may also need additional coverage such as uninsured/underinsured motorist and umbrella liability insurance. Speak with your local insurance provider to find out which riders and benefits are available to you in order to customize your policy in South Charleston, WV.
How is a premium calculated for universal life insurance near South Charleston?
Your universal life insurance premium in South Charleston, WV is calculated based on a few primary factors: your age, gender, health status, and coverage amount. In addition, the type of universal life insurance that you select will impact your insurance premium as well. These factors, along with the company you select to purchase the policy from, will affect the final premium you pay for your universal life insurance policy. An insurance agent in South Charleston, WV can help you determine the amount of premium you would need to pay for the policy you select.
Are there any limits to the cash value growth in my universal life insurance quote South Charleston?
In South Charleston, WV, the cash value growth does have limits because some investments, such as 403(b) savings plans and annuities, have a cap on the amount of cash that can be earned. However, other cash value growth options, such as opening a savings account, do not have limitations. You are advised to speak to a financial expert to determine the most advantageous vehicle for growing your cash. Additionally, there are many low-risk investment solutions that also allow for cash value accumulation.
Yes, you can have multiple beneficiaries for your policy in South Charleston, WV. It is often a great choice to designate more than one beneficiary so that your policy pays out to multiple people. Designating a primary and a contingent beneficiary is a great way to make sure your policy is paid out in the way you choose, and with multiple beneficiaries, you have control over how your assets are distributed. Additionally, having multiple beneficiaries can be beneficial if your original beneficiary is unwilling or unable to accept the policy benefits.
How do I take a loan against universal life insurance policies near South Charleston?
In South Charleston, WV, you may be eligible to take a loan against your policy depending on your situation. It is recommended that you talk to the insurance company directly to confirm your eligibility. The terms and interest rate of the loan will depend on the insurance company. When applying for a loan, typically the policyholder will need to provide the insurance company with a proof of income as well as an acceptable reason for needing a loan against the policy. Ultimately, the insurance company and the policyholder’s financial situation will decide if a loan is granted and at which terms.
Are there any penalties for surrendering the universal life insurance in South Charleston early?
It is important to be aware of potential penalties for surrendering an insurance policy early in South Charleston, WV. In most cases, surrendering a policy early could result in the policyholder incurring a surrender fee or incurring a surrender charge on the earnings they accrued during their policy period. In addition, depending on the policy, the policyholder may also experience a lower benefit amount than they had expected due to surrendering the policy before the maturity date.
What types of fees are associated with my South Charleston universal life insurance policy?
Universal life insurance policies in South Charleston, WV may carry various fees, including an administrative fee, a surrender fee, and a mortality and expense fee. The administrative fee compensates the insurance company for processing paperwork and other services related to the policy. The surrender fee is usually applied to policies that are cancelled before the end of the contract period and is often a percentage of the total premiums paid. The mortality and expense fee pays for keeping the policy in force and is part of the amount taken from the policy that builds cash value.
How can I change the beneficiaries on my policy with my South Charleston universal life insurance company?
Changing the beneficiaries of a policy is an important choice that should be taken seriously. In South Charleston, WV, to make this change, it's best to contact the insurance provider who issued the policy and explain your situation. Depending on the particulars of the policy, the provider may require you to submit a written request to change the beneficiaries. It is also important to check for any limitations or disqualifications that may apply to the new beneficiary. Many providers also recommend verifying the change with the policy holder's attorney or tax advisor before submitting the request.
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