Universal Life Insurance offers a policy that pays out a lump sum when the policyholder passes away. The difference with this policy is that you gain interest on the sum of the money that is placed in an investment account. At a point within your lifetime, the amount of money in the investment account can match the amount you are insured for, meaning you will no longer have to make monthly payments.
Compare these leading brands side by side
All our life insurance partners are licenced Insurers and FSP’s.
We are always trying to add more brands for our customers. If you don’t see a brand, that’s their decision.
Universal Life Insurance offers flexibility and long-term financial planning benefits that can adapt as your needs change.
While this is a more expensive policy due to the investment risk involved, you won’t know if it suits you until you do your research. Compare what different providers can offer and find the best deal on Life Insurance that aligns with your long-term financial goals.
Once you go Hippo, you don’t go back. Just ask these customers:
based on 20 704 service ratings.
I saw the advert on my phone confirming that if I need assistance when looking for insurance Hippo can assist. The advert also told me to press for urgent assistance. I did. I was assisted immediately.
By advertising on social media all insurance companies. I have saved R400 from the insurance that I choose.
Execellent service, timeous response, great communication and a good overall experience finding the ideal insurance for you.
I was desperate for an insurance an affordable premium as Auto General had suddenly communicated that they would charge me R2400. Hippo provided affordable options and within 3 hours, I had new insurance cover at a good rate and the old insurance cancelled.
The lady that helped she was the best and honest with everything we discussed about their insurance company. Thank you dear for the best customer service.
Clear answers to help you understand Universal Life Insurance, how the investment element works, and what to consider before choosing cover.
Universal Life Insurance is a policy that pays out a lump sum when the policyholder passes away. What makes it different is that part of your money is placed into an investment account, and you can earn interest on that amount over time.
Yes. One of the main benefits is flexibility — you can change, remove, or add cover and benefits at any time, depending on what the insurer allows and what your needs are.
In some cases, yes. If the investment account grows enough within your lifetime, it may reach a point where it can match the amount you are insured for. That could mean you may no longer need to make monthly payments, depending on the policy terms.
It can be more expensive because there is more risk involved due to the investment component. Premiums and costs can vary depending on the provider, the cover amount, and how the investment portion is structured.
The main benefits include flexibility to adjust benefits, the option to potentially stop paying premiums at a certain point, and the possibility of growing your money more than you would by putting it straight into a bank.
Compare Life Insurance quotes and find cover that suits your needs and budget.
Review policy benefits side by side to see whether Universal Life Insurance is the right fit for you.
Explore our Life Insurance guides, from basic policy explanations to specialised cover like Mortgage Life Insurance, joint cover and high-risk options.
What is a Life Insurance policy? Find out how Life Insurance works, what it covers, and how to choose a policy that fits your needs.
Life Insurance for Parents Learn how to take out cover for your parents when they can’t do so themselves, or add them to your existing policy.
Life Insurance for Children Understand how cover for children works, how value builds over time, and when these policies pay out.
Life Insurance for Over 50 Explore Life Insurance options for people over 50, including cover that pays a lump sum to your beneficiaries.
High-Risk Life Insurance See how insurers assess higher-risk jobs, hobbies and health profiles, and what that means for your premiums.
Joint Life Insurance See how one policy can cover you and your partner under shared terms, and when a joint policy makes financial sense.
Traditional Whole Life Insurance Learn about lifelong cover (often up to age 95), fixed premiums and guaranteed payouts to your beneficiaries.
Term Life Insurance Understand fixed-term cover, how it works for temporary needs, and what happens when the term comes to an end.
Pre-Existing Medical Conditions Find out how existing health conditions affect your Life Insurance application, waiting periods and exclusions.
Mortgage Life Insurance See how this type of cover protects your bond by paying off the outstanding home loan if you pass away.
Critical Illness Cover Learn how Critical Illness Cover works, what conditions may be covered, and how payouts can help with treatment and recovery costs.
Universal Life Insurance Explore flexible life cover that can adjust over time, and learn how premiums and benefits may change based on your needs.
