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"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
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"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.
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With PolicyHub getting started is easy. Compare all the Variable Life Insurance rates from all the providers in Billings, MT. 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.
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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
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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 Billings, MT.
Frequent Questions...
Variable life insurance is a type of permanent life insurance policy where the death benefit and cash value of the policy vary according to the performance of a portfolio of investments the policyholder’s assets are invested in subaccounts that are like mutual funds. In Billings, MT these investments can include corporate, government, and municipal bonds, common stocks, preferred stocks, mortgage loans, and money market investments.
Can I use my variable life insurance quotes in Billings as collateral?
Yes, you can use variable life insurance as collateral for a loan in Billings, MT. You can typically receive a loan equal to a certain percentage of the cash value of a variable life insurance policy, depending on the lender. To be eligible for this type of financing, your life insurance policy must be in force with a cash surrender value that is high enough to justify the loan. Moreover, you will typically need to sign additional documents to collateralize your policy, in order to ensure the lender will receive the appropriate amount in the event of a default.
What potential risks are there with a variable life insurance policy Billings?
In Billings, MT, potential risks associated with variable life insurance include volatility of stock market investments, lack of access to policy funds before a certain age, and service fees. Variable life insurance policies have sub-accounts, which are similar to mutual fund investments. During times of stock market volatility, these sub-accounts can decrease in value, meaning policyholders may not receive the full benefit they had expected. As well, policyholders may not have access to their policy funds until they reach a certain age, which can prevent them from using the funds in the event of an emergency.
Is there a death benefit guarantee with variable life insurance near Billings?
In Billings, MT, the answer to the question of whether there is a guaranteed death benefit with variable life insurance is yes. Variable life insurance offers flexibility to policyholders through the ability to adjust premium payments to benefit from stock market returns, while providing an insurance component with a guaranteed death benefit. The death benefit can be used to help your loved ones pay off debt or other financial responsibilities, ensuring they are taken care of after you have gone.
How does a variable life insurance quote Billings handle dividends?
In Billings, MT, dividends from variable life insurance are treated like any other investment in the policyholder's investment portfolio. Dividends are paid either in cash or used to buy additional insurance, and the money can be used to pay policyholder benefits or increase the death benefit. Dividends may also be used to reduce or eliminate premium payments depending on the amount of dividend payments. In addition, dividends can be used to purchase additional units of insurance known as riders or to increase the cash value of the policy.
Variable life insurance is a great option for policyholders in Billings, MT who are in need of short-term coverage, as this type of policy offers flexibility and benefits that are tailored to each individual's unique needs. Variable life insurance is designed to provide death benefits to a policyholder's beneficiaries and to also offer a potential savings account that has a degree of protection from market volatility. The premiums and policy benefits are determined and customized based on a policyholder's short-term coverage needs and financial goals.
How does cash value growth influence death benefit with variable life insurance policies near Billings?
In Billings, Montana, the cash value growth in a variable life insurance policy can provide a greater potential death benefit for the policyholder and their beneficiaries. As the policy's cash value grows, so too does the death benefit, as it is based on the higher of the face amount or the policy's cash value. The death benefit increase is tax-advantaged, meaning that the death benefit payment to beneficiaries will not be subject to the standard federal income tax. This can provide a greater peace of mind and financial security for families when a policyholder passes away.
Are management fees for variable life insurance in Billings similar to mutual funds?
The management fees on variable life insurance policies vary depending on the provider and the structure of the policy. However, in general there are comparable fees to those associated with regular mutual funds in Billings, MT. Variable life insurance policies do typically carry higher fees than other forms of life insurance, but they can also carry more benefits depending on the provider. Additionally, many providers in Billings, MT offer an array of fees and services to meet budgeting and financial goals. Therefore, researching policies from different providers is advisable when comparing management fees for variable life insurance policies versus regular mutual funds.
Is the cash value in my Billings variable life insurance policy safe from creditors?
Yes, in the state of Montana, including Billings, the cash value of a variable life insurance policy is generally protected from creditors, with exceptions for unpaid taxes and child support. The protection is based on state law, often referred to as an exemption or shield, and provided to the policyowner as long as premiums are paid and the policy is enforceable according to the terms of the familiar life insurance contract. Generally, creditors must seek judgment against the policyowner before taking any action regarding a life insurance policy and are not allowed to attach the policy or its benefits.
How do loans affect death benefits with my Billings variable life insurance company?
Policy loans from variable life insurance may impact the death benefit available to these living in Billings, MT in a few ways. Firstly, depending on the size of the loan taken out, the amount of death benefit payable upon the insured's passing may be reduced due to the loan amount being subtracted from the policy's cash value. Secondly, if the loan is not repaid during the policyholder's life, the remaining balance may be subtracted from the death benefit, further reducing the amount to the beneficiaries.
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