Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Springfield, VA 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 Springfield, VA. 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 Springfield, VA.
Frequent Questions...
Universal Life Insurance in Springfield, VA works by combining the security of permanent life insurance with the flexibility to adjust benefits and payments as your needs and resources change. Your policy builds cash value and protects your insured amount while allowing you to make modifications as needed. Your policy will remain in force as long as you're able to meet the payments and changes to the death benefit can also be made during the policy's life cycle. Your policy will have a guaranteed rate of return and the potential of accumulating additional earnings depending on the interest target which is set at the policy's inception.
For whom are universal life insurance quotes in Springfield most suitable?
Universal life insurance is most suitable for those living in Springfield, VA who are looking for a flexible financial planning tool that offers both a death benefit and the ability to build cash value. This type of policy provides lifetime coverage and greater control over premiums, the death benefit, and the cash value, which makes it a great option for those who want to save and invest in their future. Additionally, the policy provides flexibility if circumstances change, such as if your finances or health status improves or declines, allowing you the capability to adjust premium payments over time.
How can the cash value in my universal life insurance policy Springfield grow over time?
In Springfield, VA, building the cash value in your policy over time can be done through a variety of methods. One common option is to make additional premium payments, which can be done without incurring any fee or penalty. Another option is to take advantage of the potentially favorable tax treatment of dividends paid on a policy, and reinvest those dividends back into the policy to increase the cash value. You can also make bank loans against the policy's cash value, under favorable rates and terms.
With universal life insurance near Springfield, can I increase or decrease my premium amount after the policy starts?
Once a policy has begun in Springfield, VA, the premium amount can not be easily adjusted or changed. If you would like to increase or decrease your premium, you may have the option to modify the exact coverage you are receiving instead. For example, you may have the option to tailor your policy to include only the coverage you need; this can potentially reduce the amount of your premium payments. Alternatively, you may choose to increase the coverage you are receiving, leading to an increase in your premium payments.
When I get a universal life insurance quote Springfield, how is the interest on the cash value determined?
Interest on the cash value of investments in Springfield, VA is determined by a number of factors, including the type of investment, the local economic conditions, and the current and projected rate of return. For example, if the local economy is strong, investors can expect to receive a higher rate of interest on cash value investments than if the economy is weak. Furthermore, some investments may have predetermined rates of return and performance plans that may affect the rate of interest paid on the cash value of these investments.
In Springfield, VA, yes, you may have multiple beneficiaries for your policy. It is important to keep your policy up-to-date and reflective of your wishes and those of your family. You may also need to complete and submit a form to make changes to who will receive the policy benefits. Each policy will have its own rules and regulations, so it is best to speak with your insurance provider to understand the needs for multiple beneficiaries.
Are there any fees associated with taking a loan against universal life insurance policies near Springfield?
Yes, there are fees associated with taking a loan. Depending on your location, these fees can vary. In Springfield, VA, loan fees typically include an application fee, closing costs, origination fees, and a certain amount of interest. Application and origination fees are usually charged when you apply for the loan and may or may not be refundable, while closing costs cover things like the appraisal and credit report. Interest is the cost for you to borrow the money and is usually expressed as an annual percentage rate (APR).
Can I reinstate my universal life insurance in Springfield after it lapses?
In Springfield, VA, you are able to reinstate a lapsed policy with certain insurers. Please contact your insurer directly to determine if reinstatement is possible. Generally, if you reinstate a policy, you may be subject to late fees and additional conditions as determined by the insurer. Your previous coverage may be reinstated if the insurer authorizes it, and they will collect the amount due for any premiums missed or past-due. It is important to contact your insurer as soon as possible to receive the best arrangement.
How often will I be charged fees for my Springfield universal life insurance policy?
The fees associated with services provided in Springfield, VA vary depending on the type of service and/or product. Generally, charges are applied on a monthly or quarterly basis, but an exact frequency will vary depending on your specific needs. Consequently, the best way to find out the fee schedule is to contact the company or business providing the service for exact details.
How can I change the beneficiaries on my policy with my Springfield universal life insurance company?
In order to change the beneficiaries on your policy in Springfield, VA, you must contact the insurance provider. Each provider's policy may vary, so you will need to carefully review your insurance documents or speak with a representative to determine what you need to do. Your provider can help you adjust your policy to ensure that the necessary changes are properly documented. Once the policy is updated, you may be required to sign a new form to confirm the changes.
Compare Springfield, VA 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