Taking too long? Close loading screen.
Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Mount Prospect, IL Variable 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 Variable 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 Variable Life Insurance rates just released!
Get the latest Variable Life Insurance rates for 2024 and lock in your policy today! Get started comparing policies right now.
Get the Variable 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 Variable 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
Variable 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 Variable Life Insurance rates from all the providers in Mount Prospect, IL. Get started in under 15 minutes.
All your Variable Life Insurance needs in one place.
Variable Life Insurance is a type of insurance that combines the features of protection and investment. It isn't just about securing your family's future; it's also a way to grow your wealth. While it offers a death benefit similar to traditional life insurance, a part of your premium goes into investments, offering a chance for your money to grow over time.
This insurance has two main components. The first is the death benefit. If you pass away, your family receives a set amount to financially support them. The second part is the cash value. This is the investment portion. You can choose from a variety of funds provided by the insurance company. As the value of these investments goes up or down, so does the cash value of your policy.
One subtype of variable life insurance is called variable universal life insurance. You can adjust your premium and death benefit as your financial needs change. And just like with Variable Life Insurance, a portion of your premium goes into investment funds. This policy offers both the security of life insurance and the growth potential of investment. It's all about giving you the choices and control over your financial strategy.
Save time and get the best Variable 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 Variable 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 Variable Life Insurance agent.
Roy Stephens
Variable Life Insurance agent
Roy Stephens is a Variable Life Insurance agent licensed in your state.
Mark Sidway
Variable Life Insurance agent
Mark Sidway is a Variable Life Insurance agent licensed in your state.
Cale Reeves
Variable Life Insurance agent
Cale Reeves is a Variable Life Insurance agent licensed in your state.
"I was searching for Variable 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 Variable Life Insurance in Mount Prospect, IL.
Frequent Questions...
The premiums for variable life insurance in Mount Prospect, IL will vary depending on the type and term of the insurance policy chosen. Premiums may be fixed or flexible, and are typically adjustable over the course of the policy. Policies may also include a fixed premium period during which premiums are not adjustable. Additionally, many policies will offer the option to increase or decrease the face amount over the policy's lifetime. Ultimately, when considering an insurance policy, discussing the exact conditions surrounding the premium with your insurance provider should help you assess the best value for your coverage needs.
Are there early withdrawal penalties for variable life insurance quotes in Mount Prospect?
Yes, there may be penalties for early withdrawal from the cash value in Mount Prospect, IL. Depending on the insurance carrier, early withdrawals could result in policy surrender charges, limitations on future growth, or in the case of whole life products, the cost of insurance could be charged in addition to the withdrawal. Policyholders should always consult with an insurance professional prior to making any decisions related to withdrawing funds early from a life insurance policy.
What potential risks are there with a variable life insurance policy Mount Prospect?
In Mount Prospect, IL, the potential risk associated with variable life insurance includes, but is not limited to, the reduction of policy values due to market fluctuations of the underlying portfolios, policy lapses due to non-payment of premiums, and the limitations imposed on the use of death benefits for estate planning purposes due to required tax payments. Additional risks included extensive investment options and the potential lack of compliance with state and federal guidelines. Consumers should research all available options and speak with a trusted financial advisor before making a commitment to a variable life insurance policy.
Do I need to understand investments for variable life insurance near Mount Prospect?
While it is helpful to be knowledgeable about investing when purchasing variable life insurance in Mount Prospect, IL, it's not a requirement. There are many options for clients who are just starting out and those who are experienced in the investment world. Visiting a local broker to discuss the different options and potential long-term benefits could help to make sure that any plan is tailored to individual needs. Furthermore, advisors can recommend support services for clients who may need additional guidance while exploring the different aspects of variable life insurance.
Can I include riders in my variable life insurance quote Mount Prospect?
Yes, it's possible to add riders to your variable life insurance policy in Mount Prospect, IL. These riders allow you to customize your life insurance coverage to suit your individual needs and circumstances. An additional life insurance policy rider may be added to provide coverage for you and your family in the event of a disability, illness, or death. Other riders can provide additional benefits like cash value or accelerated death benefits. You should discuss available options and the additional cost associated with riders with your insurance provider and make sure you understand the benefits before making any decisions.
Living in Mount Prospect, IL, you can reap great benefits from investing in variable life insurance. These policies provide death benefit protection like traditional life insurance, but with the added ability to invest in a variety of sub-accounts that are tax-deferred and offer a death benefit that can increase over time. Plus, depending on the policy, withdrawals are also allowed, as well as loans that can be tax-free. Variable life insurance also offers the opportunity to tailor coverage to specific needs while providing protection against life’s unexpected events.
Do variable life insurance policies near Mount Prospect provide guarantees on returns?
Variable life insurance offers a unique benefit for those living in Mount Prospect, IL potential investment returns based on the performance of underlying investments such as stocks or bonds. It's important to keep in mind that there are no guarantees on investment returns with variable life insurance and the amounts payable are based on the performance of the underlying investments. In addition, the cash value of the policy provides an accumulation of tax-deferred cash value that can serve as a variable shelf of funds to pay for anticipated future expenses.
How regularly should I check my variable life insurance in Mount Prospect?
It is important to review your variable life insurance policy at least once a year, if not twice, to ensure that your policy is still meeting your needs in Mount Prospect, IL. Your policy could have adjusted to changes in your life such as income, assets, and beneficiaries. Also, financial markets can fluctuate and change the potential value of the investments within your policy, which is why a yearly review is recommended for variable life insurance. Additionally, many carriers offer updates on new riders, features, and benefits that may make it more valuable for you in the future.
Is the cash value in my Mount Prospect variable life insurance policy safe from creditors?
In Mount Prospect, IL, the cash value of a variable life Insurance policy is protected from creditors as Illinois is a life insurance state. According to the 2012 Illinois Money and Security Act (IMSA), the protected ownership of life insurance policies includes their cash value. This means creditors can not access the cash value or use it to pay off debts. Those who own a variable life insurance policy in Mount Prospect, IL can enjoy peace of mind knowing the cash value is safely secured from any creditor claims.
Can I convert from term life insurance with a Mount Prospect variable life insurance company?
Yes, you can convert your term life insurance to variable life insurance in Mount Prospect, IL. The Britannia Insurance Agency located in nearby Arlington Heights offers term life or variable life insurance conversion with the advice of a knowledgeable, licensed, and experienced insurance agent. Depending on the type and term of your existing policy, Britannia Insurance can move premiums from term to whole life or from term to universal life, with flexible payment plans and tax-deferred savings options. To learn more, contact Britannia Insurance today to discuss the best conversion options available for your unique insurance needs.
Compare Mount Prospect, IL Variable Life Insurance Policies
Get started today and compare over 37 Variable Life Insurance providers in as little as 15 minutes.
© 2024 PolicyHub - all rights reserved
