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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 Statesville, NC. 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 Statesville, NC.
Frequent Questions...
Universal life insurance is a type of permanent life insurance which allows customers in Statesville, NC to customize their coverage and cash value components. The flexible premium payments mean that policyholders can modify their death benefit and cash value amounts to fit their changing needs. In addition, this type of insurance also gives customers the chance to build cash value savings, access funds through policy loans, and adjust premiums on a regular basis. Universal life insurance provides the chance to personalize coverage levels and has the potential to increase in value over time.
What are the potential risks associated with universal life insurance quotes in Statesville?
The potential risks associated with universal life insurance vary depending on the policyholder's location. In Statesville, NC, the primary risks involve the policyholder's passing before the policy pays out or losing the ability to pay their monthly premiums due to an unexpected job loss or other financial hardship. Moreover, it is important to keep in mind that the value of the policy can also be affected by fluctuations in interest rates, so it is always important to read any policy details carefully.
Does the flexibility of a universal life insurance policy Statesville benefit policyholders?
In Statesville, NC, Universal Life Insurance policyholders benefit from the increased flexibility in premium payments, death benefit amounts, and policy term lengths. This allows policyholders to customize a policy that best suits their needs, utilizing the cash value amount for lump-sum payments if necessary. Additionally, the policyholder decides when and how often premium payments are made daily, monthly, quarterly, etc; this can provide policyholders with more financial stability.
With universal life insurance near Statesville, can I increase or decrease my premium amount after the policy starts?
Yes, the premium amount can be adjusted according to your needs. Depending on the insurance company you choose, a variety of options may be available to you. For example, if you live in Statesville, NC, you may be eligible for discounts or payment plans at certain insurance providers. You should contact your chosen insurance provider directly to inquire about any available discounts or payment plan options that may help reduce your premium. In some cases, making alterations to your coverage may also result in a lower premium amount.
Are there any limits to the cash value growth in my universal life insurance quote Statesville?
In Statesville, NC there are no clear limits to the cash value growth potential. The city offers a variety of opportunities for business and industry and its proximity to Charlotte makes it a favorable location for entrepreneurs and investors alike. With a local economy that's been in steady growth and development since the 1980s, individuals looking to maximize the gain from their cash investments have the potential to enjoy excellent returns. Statesville's steady population growth can also contribute to a favorable economic climate. It is important, however, that individuals take the time to fully research their economic choices and leverage expert advice when investing.
The death benefit amount of your policy in Statesville, NC can vary depending on the type of policy and changes to the premium amount over time. Generally, the death benefit amount is determined based on factors such as the terms and conditions of the policy, the current age of the policyholder, any riders associated with the policy, as well as any other additional factors that could impact the value of the policy. It is important to consult with your agent in Statesville, NC to understand the terms and conditions of your policy and to develop an understanding of the death benefit associated with your life insurance product.
Can I repay a loan with the cash value from universal life insurance policies near Statesville?
Yes, you can pay back a loan with the cash value of your policy in Statesville, NC. However, it is important to consider the implications of accessing the cash value of your policy for loan repayment, as borrowing against the cash value of an insurance policy generally includes associated costs, such as surrender charges, market value adjustments, or interest if a loan were taken out against the policy. Depending on the type of policy you have, the terms of the loan, and the fees associated with the loan, it may be more beneficial to explore other loan or repayment options available.
Are there any penalties for surrendering the universal life insurance in Statesville early?
Yes, there could be penalties for surrendering a policy early in Statesville, NC. Depending on the policy type and the provider, you can incur both financial and non-financial consequences. An example of a financial consequence could be a surrender charge, which is a fee you would have to pay for ending the policy before its term. Non-financial repercussions could include the loss of any potential bonuses, equity, and any return premiums for which you would have been eligible. Your best course of action would be to contact your policy provider directly to get more details regarding the potential penalties in your specific case.
With the average Statesville universal life insurance policy, are there any transaction fees?
In Statesville, NC, transaction fees for changing investment options vary and depend on the company offering the investment product. Generally, there can be a transaction fee when switching underlying investments in a given portfolio, although offering companies also have options that don't incur additional fees. Itโs in your best interest to review the charges in advance when considering any new investments. Most online brokerages will make this information clearly available on their websites. Alternatively, contact customer service officers to gain a better understanding of your options.
How can I change the beneficiaries on my policy with my Statesville universal life insurance company?
To change the beneficiaries on your policy in Statesville, NC, start by providing the insurance company with a written request for change. Include a signed ad dated declaration of change of beneficiary. Make sure the written request is sent to the address on the insurance companyโs website and include all relevant policy numbers. Additionally, you might have to fill out the relevant forms and documents and have them notarized according to what is required by North Carolina state law.
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