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With PolicyHub you get to compare over 37 Sterling, IL 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 Sterling, IL. 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, IL.
Frequent Questions...
Universal life insurance is a type of permanent life insurance that combines the flexibility of a variable policy with the tax-deferred growth of an investment component. It works by allowing Sterling, IL policyholders to customize their premiums, death benefits, and cash value components; and allows the flexibility of either increasing or decreasing coverage, as well as making changes to the amount invested in the policy. The policy premiums are placed into a cash value component and a portion of the value is invested into interest bearing accounts, which can be used by the policyholder in the event of a financial hardship.
How should I evaluate if universal life insurance quotes in Sterling fits my financial goals?
Evaluating if a universal life insurance policy is the right fit for your financial goals should begin by consulting a Sterling, IL insurance professional who can provide you with qualified advice for your individual needs. A reputable insurance professional can review your goals, resources, and obligations to help determine if a universal life policy is a suitable financial solution for you. It may also be beneficial to gather information about the different kinds of life insurance, as well as the tax deductions and lifetime benefits of universal life policies.
Can I get a universal life insurance policy Sterling if I have health issues?
At Sterling Insurance, we believe everyone deserves access to quality health insurance, regardless of any health issues you may have. We understand that insurance needs can vary greatly and that’s why we have an experienced, knowledgeable team to help you choose the right policy for your specific situation. If you’re looking for health coverage in Sterling, IL, our agents can look at what plans are available and guide you through the enrollment process. We will do our best to help you find an insurance policy that’s affordable and comprehensive for your medical needs.
With universal life insurance near Sterling, can I increase or decrease my premium amount after the policy starts?
Once your policy has started in Sterling, IL, you cannot change the premium amount you pay. However, if you need to make changes to your coverage, like increasing or decreasing coverage amounts, you can speak to a Sterling, IL agent about your policy and make adjustments to your policy after the initial purchase. Our agents are ready to give you a no-obligation review of your policy and help you make the right decision about any changes you may want to make. Rest assured that the changes will not affect the original premium amount you agreed to upon starting the policy.
When I get a universal life insurance quote Sterling, how is the interest on the cash value determined?
The interest rate on the cash value of a policy can be determined in different ways, depending on where you purchase it. For those in Sterling, IL, the interest rate of an insurance policy can be determined by the company selling it and will depend on a variety of factors such as the risk level associated with the policy and your credit score. When shopping for insurance, it's important to ask questions to ensure that you are getting the best possible interest rate for your individual situation. It may also be beneficial to research different insurance companies to see which offers the most competitive rates.
Beneficiaries in Sterling, IL can easily claim the death benefit. First, they'll need to contact the provider that provided the policy and present a copy of the policyholder’s death certificate. This will help the provider verify the death. It's important to also provide the beneficiary's name, contact information, social security number, and other related information. After the provider verifies the death certificate, it will process the claim and send the death benefit to the beneficiary. If your beneficiaries need assistance, they can always reach out to the provider for more information.
How does a withdrawal affect my death benefit and universal life insurance policies near Sterling?
Taking a withdrawal from your death benefit in Sterling, IL, may have a few possible impacts. First, the amount of money available as a death benefit might be reduced, depending on the size of the withdrawal. The larger the withdrawal is, the more the death benefit is affected. Second, the taxation of the death benefit could change, as withdrawals are taxed according to the federal tax system. Lastly, if withdrawals are taken over several years and circumscribe the retirement age, the death benefit's growth rate may also be affected.
Are there any penalties for surrendering the universal life insurance in Sterling early?
If you choose to surrender your policy early in Sterling, IL, you may be subject to a surrender charge. This surrender charge is based on the length of time your policy has been in force and compares to the number of premiums paid on the policy. It is generally recommended to consult with your policy representative and financial advisor in order to determine if surrendering early is the best choice for your financial goals in the long run.
With the average Sterling universal life insurance policy, are there any transaction fees?
It depends on the financial institution in Sterling, IL. Some financial institutions may charge a fee for changing investment options, while others may allow for switching without a transaction fee. It's best to check with your financial institution to confirm if there are any charges associated with changing your investment options.
How can I adjust the terms of my policy through my Sterling universal life insurance company?
Adjusting the terms of a policy after it has been issued in Sterling, IL may depend upon what type of policy you have. For example, if your policy is with an independent insurance carrier, you should contact the local office of the carrier in Sterling for more information on what options are available. If your policy is with a broker/agent, you will need to discuss adjustments and options with them directly. No matter who you have the policy with, be sure to get all the details in writing if any changes are made.
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