Compare over 37 Universal Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Yonkers, NY 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 Yonkers, NY. 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 Yonkers, NY.
Frequent Questions...
Yes, universal life insurance is indeed classified as a type of permanent insurance. In Yonkers, NY, universal life insurance can provide permanent protection for an individual’s family and assets regardless of their age or health. It also serves as an investment opportunity for those interested in saving money on taxes or preparing for retirement. The premiums stay level throughout the policy’s lifetime, while the cash value of the policy grows as well.
How should I evaluate if universal life insurance quotes in Yonkers fits my financial goals?
To evaluate if universal life insurance fits your financial goals in Yonkers, NY, the best approach is to consider your current and future financial needs and compare them to the coverage and features that a universal life policy offers. If you are looking for flexible coverage and the potential for tax-deferred growth, universal life insurance may be the right choice for you. An independent insurance agent in Yonkers can help you assess your individual needs and recommend the best policy for you.
How can the cash value in my universal life insurance policy Yonkers grow over time?
In Yonkers, NY, you can find a variety of options to maximize the growth of the cash value in your policy. One of the most popular choices is to invest in stocks, bonds, or mutual funds. You can also diversify your portfolio by investing in life insurance products such as variable life insurance, indexed universal life insurance, and whole life insurance. Each of these policies can offer returns based on the financial markets and could provide substantial growth in the cash value of your policy.
With universal life insurance near Yonkers, are there any penalties for not paying premiums?
Yes, there are consequences for not paying premiums in Yonkers, NY. If you fail to pay your premium, your health plan may discontinue coverage and you will no longer be able to use benefits like preventive care, doctor's visits, and prescription drugs. Additionally, after eight weeks of not paying the premium, your insurance company may terminate your policy. If you do not have other coverage within 63 days of termination, you could be subject to a federal tax penalty. If you are not able to pay the premium, you may be eligible to receive assistance to help with the cost of coverage.
When I get a universal life insurance quote Yonkers, how is the interest on the cash value determined?
Cash value interest in Yonkers, NY is determined by the type of policy held. Generally, the amount of interest could be calculated based on the equity market performance, the insurer’s investment policies, and the type of policy. For example, Universal Life policies provide more flexibility with the interest rate and the insurance company can adjust it depending on the market and economic conditions. The interest rate attached to the policy also factors into the calculation of cash value. This is an important factor to consider when researching and choosing an insurance policy in Yonkers, NY.
Yes, you can have multiple beneficiaries for your policy. In Yonkers, NY, policies typically allow policyholders to designate multiple beneficiaries. By having a primary beneficiary, a secondary beneficiary and even further beneficiaries, you can ensure that the plan will be administered efficiently and that the beneficiary designation accurately reflects your intentions. Depending on the policy, you may also be able to assign different percentages of the death benefit to the multiple beneficiaries, allowing you to divide the death benefit among your beneficiaries in a manner that makes you comfortable.
How does a withdrawal affect my death benefit and universal life insurance policies near Yonkers?
Taking a withdrawal from your death benefit in Yonkers, NY could affect you differently depending on the type of policy you have. Generally, cashing out a death benefit may decrease the amount that you or your beneficiaries can receive upon death. Additionally, there may also be taxes and fees associated with withdrawing funds, or if the policy is, for example, part of an inheritance the executor may need to be informed of the withdrawal to remain compliant with tax regulations and any other associated costs based on the value of the policy.
How is the surrender value calculated with my universal life insurance in Yonkers?
In Yonkers, NY the surrender value of a policy is calculated by a number of factors, including the total amount of premiums paid, the age and condition of the policyholder and the remaining death benefit, if any. The insurance company also takes into consideration the guarantees that are part of the contract at the time of surrendering the policy. Additional elements, such as the policy's grace period, the dividend or interests earned, loan balance and other costs paid in advance, can also influence the surrender value.
How often will I be charged fees for my Yonkers universal life insurance policy?
The fees associated with your agreement will depend on your individual agreement. In most cases, customers living in Yonkers, NY will be charged fees on a regular schedule, typically monthly, but it could also vary depending on the arrangement. You should clarify the particulars of your agreement to determine the exact frequency that you will be charged each month.
Can I add or remove riders after the policy has started with my Yonkers universal life insurance company?
In Yonkers, NY, you may be able to add or remove riders after your policy has started, though it may depend on the particular insurance provider. Keep in mind that changes to your policy that occur once it has started will be subject to the same review and authorization process needed to receive the original policy. As such, it can take some time for any changes or modifications to be approved. To add or remove riders, you should contact your insurance provider as early as possible for assistance.
Compare Yonkers, NY 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