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With PolicyHub you get to compare over 37 Lake Wales, FL Whole Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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Over 37 policy provider comparison.
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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
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Tell us about yourself.
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Step 2
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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 Lake Wales, FL. 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.
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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 Lake Wales, FL.
Frequent Questions...
Whole life insurance provides coverage throughout your lifetime, while term life insurance is a form of coverage for a certain period of time -typically 10, 20 or 30 years. In Lake Wales, whole life insurance provides coverage beyond your death and typically offers a cash value component that can be used as a supplemental retirement and/or estate planning source. With term life insurance in Lake Wales, coverage ends when the term ends. It is generally less expensive than whole life insurance and does not have a cash accumulation value.
Can individuals with chronic ailments use whole life insurance companies in Lake Wales?
Yes, if you live in Lake Wales, FL, it is possible to avail whole life insurance even if you have a chronic illness. It is important to note, however, that depending on your individual health situation, you may need to go through a medical examination. Additionally, some restrictions may apply to the terms and conditions associated with your life insurance policy due to your chronic illness. In order to ensure that you get the best package for your needs and budget, it might be a good idea to meet with a qualified insurance expert in Lake Wales, FL who has experience working with those in your situation.
How are premiums for a whole life insurance policy Lake Wales different from term insurance?
Whole life insurance premiums in Lake Wales, FL differ from term insurance because they provide coverage for an entire lifetime rather than a specific term. With whole life insurance, policyholders may opt to pay a fixed premium with permanent coverage, while term insurance is designed for a specific period at a lower cost. Whole life insurance premiums are more expensive than term insurance due to the guaranteed cash value and the amount of death benefit that is paid out in the event of the insured individual's passing. Additionally, whole life insurance has the potential to create equity value that can be borrowed against if needed.
Is it possible to convert my term policy to whole life insurance near Lake Wales?
Yes, you can typically upgrade your term policy to whole life insurance if you live in Lake Wales, FL. Whether or not you're eligible for such an upgrade depends on the existing terms of the policy you have, as well as your age and health. To find out more, contact an experienced insurance provider like Brightway Insurance Agency that's located right in Lake Wales. We'll be able to explain the details of upgrading your term policy to a whole life policy, help you select a plan that best meets your needs and guide you through the enrollment process.
Can seniors secure policy with a whole life insurance company Lake Wales?
Yes, certainly! Seniors in Lake Wales, FL can get a whole life insurance policy without any difficulty. Many local insurance companies offer coverage tailored to meet the needs of seniors. Additionally, you could consider purchasing a hybrid policy which combines the benefits of a term life insurance policy with a whole life insurance policy for even greater protection. If you're unsure which form of life insurance is right for you, connecting with a qualified policy specialist can help you find the best policy that suits your budget and family needs.
Beneficiaries in Lake Wales, FL can typically receive the death benefit from a whole life policy in one of three ways. The first and most common method is a lump-sum payment from the insurance company directly. The second, which is often used if the death benefit is sizeable, is to split the proceeds into installments, paid over many years. Lastly, the insurer may also offer the option of a paid-up policy; the beneficiary has the option to continue paying premiums, or can eventually cash out the policy in a lump sum.
Are there any surrender charges for whole life insurance policies near Lake Wales?
Whether or not there is a surrender fee for a whole life insurance policy will depend on the provider and policy purchased. In Lake Wales, FL, the answers to this question will vary based on the offerings for each carrier as well as the terms of the policy. Insurance companies in the area usually provide information such as this during the initial purchase of the policy or on their company website. It is best to check the comprehensive policy documentation first or contact your Lake Wales, FL insurance provider directly with any questions or concerns you may have regarding surrender fees for whole life insurance.
How does inflation influence the cash value of whole life insurance in Lake Wales?
Inflation is a major factor to consider when calculating the cash value of a whole life policy in Lake Wales, FL. Inflation causes the cost of goods and services to rise over time, and as a result, the purchasing power of any dollar increases less over time. When this is combined with the accumulative return of premium payments in a whole life policy, it's easy to see how inflation can impact the value of the policy.
Can I remit premiums for a Lake Wales whole life insurance policy on a monthly or annual basis?
If you're asking about Whole Life insurance premiums in Lake Wales, FL, then the answer is yes, you can pay your premiums either monthly or yearly. In fact, many insurers in the area offer a range of flexible payment options that can help you manage your policy payments while trying to accommodate your budget. Additionally, depending on the provider, you may have the option to pay an annual lump sum for the entire policy, so it's important to inquire about and compare the different payment plans available.
How does inflation touch my policy with a Lake Wales whole life insurance company?
In Lake Wales, FL, inflation affects whole life insurance policies primarily by impacting the purchasing power of the policyβs death benefit. As inflation increases, the death benefit might not purchase the same amount of goods or services it did when the policy was purchased due to the decreasing value of the dollar. Fortunately, many providers offer options to offset these risks such as annual increases in benefits, inflation-adjusted benefits, or indexes tied to the stock market. Ultimately, this gives policyholders comfort in knowing that the death benefit provided will not be affected by inflation significantly.
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