Compare over 37 Whole Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Des Plaines, IL Whole 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 Whole 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 Whole Life Insurance rates just released!
Get the latest Whole Life Insurance rates for 2024 and lock in your policy today! Get started comparing policies right now.
Get the Whole 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 Whole 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
Whole 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 Whole Life Insurance rates from all the providers in Des Plaines, IL. Get started in under 15 minutes.
All your Whole Life Insurance needs in one place.
Looking for whole life insurance? We've got you covered. PolicyHub makes it easy to find the best whole life insurance policy for you and your family. Whether you need traditional, single-premium, limited-payment, or variable whole life insurance, you'll find the best rates right here at PolicyHub.
Traditional whole life insurance provides a guaranteed death benefit, fixed premiums and a cash value component that grows over time. It's ideal for those seeking lifelong coverage with consistent payments. Single-premium whole life insurance requires a lump-sum payment upfront in exchange for a guaranteed death benefit. This policy suits those who have a large sum of money they wish to convert into a life insurance policy quickly.
Limited-payment whole life insurance allows policyholders to pay off their policy over a set period of time, after which no further premiums are due, but the coverage continues for life. Variable whole life insurance offers a death benefit and a cash value component that can be invested in sub-accounts, similar to mutual funds. This policy is suitable for those comfortable with investment risk, seeking potential for cash value growth.
Save time and get the best Whole 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 Whole 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 Whole Life Insurance agent.
Roy Stephens
Whole life insurance agent
Roy Stephens is a whole life insurance agent licensed in your state.
Mark Sidway
Whole life insurance agent
Mark Sidway is a whole life insurance agent licensed in your state.
Cale Reeves
Whole life insurance agent
Cale Reeves is a whole life insurance agent licensed in your state.
"I was searching for Whole 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 Whole Life Insurance in Des Plaines, IL.
Frequent Questions...
Yes, in Des Plaines, IL, whole life insurance policies offer an insured person with a death benefit. These policies provide permanent coverage and the death benefit can pay out monthly payments over several years or longer to the policy beneficiary or estate. This death benefit ensures your family will be financially taken care of regardless of the type of burial or funeral you'd prefer. Not to mention, whole life insurance also accumulates cash value over time and offers flexible payment options that make it a secure and reliable option in Des Plaines, IL.
Do whole life insurance companies in Des Plaines cover suicide?
In Des Plaines, IL, whether suicide is covered in a whole life insurance policy depends on the specific policy. Generally, life insurance companies will not pay a death benefit to the beneficiary if suicide is the cause of death within the first two years of the policy. After the two years, suicide would likely be covered in a whole life insurance policy. It is important to review the eligibility and coverage information of the policy before signing the contract.
What's the cash value in a whole life insurance policy Des Plaines?
The cash value component of a whole life insurance policy in Des Plaines, IL is a tax-deferred account in which policy holders can save and invest money. As the policy holder pays the premiums over time, the cash value component accumulates as a sum of money which you can withdraw or borrow against. The cash value component can also provide additional benefits such as dividend payments and additional coverage through Supplementary Paid Up Additions. In addition, the cash value component allows policy holders the flexibility to customize the coverage to suit their individual needs.
How does whole life insurance near Des Plaines differ from universal life?
Whole life insurance is an investment policy that offers lifelong coverage and a fixed premium rate, while universal life insurance is a type of permanent life insurance that combines death-benefit protection and flexible cash accumulation. Whole life policies are distinguished by their cash accumulation, which can provide a tax-advantaged means of saving money, and provides a guaranteed return on the cash surrender value after a certain period of time. Universal life insurance policies, on the other hand, have flexible death benefits, usually with no surrender charge, but also provide an adjustable premium to match the changing needs of the insured.
Can a whole life insurance company Des Plaines enhance my policy with riders?
Yes, riders can be added to a whole life insurance policy. In Des Plaines, IL, there are a variety of rider options provided by insurers that can be added to your policy such as an Accidental Death Rider, Waiver of Premium Rider, Long-Term Care Rider or Return of Premium Rider. Depending on the insurer, riders typically add a small additional cost, however, they also add greater flexibility to your policy and can give you access to enhanced coverage when needed.
To maximize the cash value of your whole life insurance in Des Plaines, IL, it is important to choose a policy with the best coverage, benefits, and affordable premiums. Doing your research to find the perfect policy is key, and if you have any questions, a financial advisor from a local Des Plaines-based insurance company can help. With a sound financial plan, you can also take advantage of additional funds offered by the company and use them to increase your cash value or purchase other coverage, such as disability insurance.
Can I take a loan against my policy's cash value with whole life insurance policies near Des Plaines?
Yes, it is possible to take a loan against the cash value of your whole life policy in Des Plaines, IL. In order to do so you will need to speak with your life insurance provider and see if you qualify and how much you may be able to borrow against your policy. It is important to consider a few factors before making the decision to take a loan against the policy, such as the fees associated with it, and the effect of the borrowing on the cash value of the policy.
How can whole life insurance in Des Plaines serve as a financial strategy?
Whole life insurance is an excellent tool for financial planning here in Des Plaines, IL. It can provide an added layer of protection for you and your family, as well as a tax-deferred option for retirement savings. Whole life insurance is structured to pay out a face value when the insured person passes away, and with cash value accumulated over time based on the policy's premiums, which can later be borrowed against at a lower interest rate. This benefit can be especially useful for Des Plaines families looking to ensure their loved ones are taken care of in the case of a tragedy.
Which fees are tied to my Des Plaines whole life insurance policy?
In Des Plaines, IL, whole life insurance charges vary depending on the policy chosen and the insurance company being used. Usually, the premium for whole life insurance is higher than other forms of life insurance, due to the coverage extending throughout a policyholder's entire life instead of a term-based plan. Additionally, some companies may charge administration fees or lower the death benefit if the policyholder smokes, is older than 65, or has certain health issues. It is best to compare rates and policies from several insurers to find the best rates and coverage options that fit your lifestyle.
How does inflation touch my policy with a Des Plaines whole life insurance company?
In Des Plaines, IL, inflation can have an impact on whole life insurance policies, as it does with most other types of insurance. As the cost of products and services rises due to inflation, your insurance premiums may also increase as a result. This could make paying for your whole life insurance policy more expensive over time and affect its overall affordability. Additionally, inflation may reduce the value of any tax-deferred savings in your policy, since the spending power of the savings may decrease over the course of time.
Compare Des Plaines, IL Whole Life Insurance Policies
Get started today and compare over 37 Whole Life Insurance providers in as little as 15 minutes.
© 2024 PolicyHub - all rights reserved