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With PolicyHub you get to compare over 37 Sterling, AK Universal Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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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 Sterling, AK. 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 Sterling, AK.
Frequent Questions...
Universal life insurance is an affordable and flexible option to meet life insurance needs in Sterling, AK. It guarantees a death benefit to the policy’s beneficiary and builds cash value, allowing the policyholder to adjust their premiums and death benefit over time. Each premium payment is divided into two parts: the cost of insurance and the savings portion. The cost of insurance portion is based on the insured’s age, health, and other factors. The savings portion accumulates with a great rate of return, making it a convenient way to save for the future.
What are the potential risks associated with universal life insurance quotes in Sterling?
In Sterling, AK, the potential risks associated with universal life insurance policies are the same for any other type of life insurance. This includes the risk of outliving the policy, and the risk of not contributing enough premiums to cover the cost of the death benefit. Additionally, universal policies also have an element of investment risk associated with them as they are typically tied to a cash value account.
Are there any riders or additional benefits I can add to my universal life insurance policy Sterling?
Absolutely! Sterling, AK residents have many options to choose from when considering riders or additional benefits to their policy. From accidental death policies to property damage coverage, you have access to a wide variety of different riders. Depending on the insurance company you go with, you may also be able to get discounts for bundling services, or lumping different premiums together. Additionally, many companies in the Sterling area offer home and auto coverage bundle options, allowing you to take advantage of recurrent discounts and benefit from the convenience of having all your coverage with one company.
With universal life insurance near Sterling, are there any penalties for not paying premiums?
In Sterling, Alaska, individuals who do not pay their premiums may be subject to various penalties, including increased premium rates or the possibility of being placed in a high-risk pool, depending on their insurance provider. If you do not pay your premiums for sixty-days, the insurance company may also cancel your plan and you will be responsible for any unpaid premiums plus interest, fees, and cancellation penalties, making it more expensive. In addition, a lapse in your coverage may also lead to difficulties in obtaining new coverage from another company.
How often is interest credited to the cash value in my universal life insurance quote Sterling?
Interest credited to the cash value in Sterling, AK is typically credited annually. Many options exist for the crediting of interest, including monthly, quarterly, or annually, depending on the type of policy and the insurance company. A qualified financial professional can provide guidance on which option is best for you. Ultimately, the crediting of interest in Sterling is based on the insurance company, the policy features, and the policyholder's preference.
In the event of one's death in Sterling, AK, beneficiaries are encouraged to contact store within 30 days to file a death claim. At that time, a written application for benefits, along with a photocopy of the insured's death certificate, must be provided. When all applicable documents are submitted, the store will provide the claim form to the beneficiary as well as any other necessary paperwork. Once all paperwork is completed and signed, the death benefit will be processed and sent to the designated beneficiary.
How does a withdrawal affect my death benefit and universal life insurance policies near Sterling?
Taking a withdrawal from your life insurance policy in Sterling, AK can reduce the death benefit that your beneficiaries will receive when you pass away. Thus, if you take a withdrawal from your policy, your death benefit will be less than the original death benefit amount. Depending on the type of policy you have, the decreased death benefit could be due to taxes, fees, or reduced coverage, depending on the amount of the withdrawal and the type of policy you have.
What is the process for surrendering my universal life insurance in Sterling?
In Sterling, AK, surrendering a universal life insurance policy is a relatively straightforward process. First, contact your insurance provider to verify your policy details and confirm their surrender requirements. When you are ready to submit your policy for surrender, your provider will need specific information from you, such as your policy number and the signed policy surrender form. After you submit your policy, it will take some time for the insurance company to process the request. Once approved, you will receive payment from the company to clear the policy and close the account.
Are there penalties for excessive withdrawals from my Sterling universal life insurance policy?
Yes, there may be penalties for excessive withdrawals from monetary accounts in Sterling, AK. Depending on the type of account, exceeding set withdrawal limits or exceeding the allowed number of withdrawals may incur a fee. The fee amount varies based on the type of account and the number of withdrawals/amount withdrawn. Generally, savings accounts have stricter limits for withdrawals and higher fees, whereas checking accounts typically have more liberal withdrawal policies with lower fees. Additionally, some banking services may also impose other penalties and limitations. Therefore, It is advisable to check with your bank to understand the specific rules and fees related to withdrawals.
How can I change the beneficiaries on my policy with my Sterling universal life insurance company?
Depending on your policy type and the terms of your policy in Sterling, AK, you may be able to amend the beneficiaries of your policy. Typically, this process is done by filling out and submitting a "change of beneficiary" form. Your insurance company may be able to provide such a form to you, as well as guide you through the process for making the change. In some cases, you may also need to contact a certified notary in Sterling, AK to execute the beneficiary change. Following the correct process is important to ensure that your policy benefits are directed to whom you intended.
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