Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Brooklyn Park, MN 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 Brooklyn Park, MN. 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 Brooklyn Park, MN.
Frequent Questions...
Variable life insurance in Brooklyn Park, MN differs from traditional life insurance policies in that it provides policyholders with the option to invest their premium in several different sub-accounts. Policyholders may select a variety of investments including stocks, bonds, and mutual funds. These investments can be moved among the various sub-accounts at the policyholder’s discretion, helping to diversify their portfolio if desired. Unlike other types of life insurance, there is a limited ability to accumulate cash value in this type of policy, however, which may offer less protection in the event of a claim.
Are there early withdrawal penalties for variable life insurance quotes in Brooklyn Park?
Yes, there are potential penalties for early withdrawal from the cash value in Brooklyn Park, MN. Depending on the type of cash value policy in place, such a withdrawal could negatively affect the performance of the policy and the funds available for the future. Generally, it is recommended that policy holders speak to a qualified insurance consultant before making any changes to their insurance policy so that they can fully understand all of the potential implications of such a withdrawal. Furthermore, early withdrawal may be subject to taxation, depending on the type of policy and other local and federal laws.
What are the tax aspects of a variable life insurance policy Brooklyn Park?
It is important to understand that the tax implications of variable life insurance depend on a number of factors, including the location of the policyholder. In the state of Minnesota, variable life insurance is subject to taxation by the state at a rate of 6.9%. Additionally, policyholders in Brooklyn Park who receive or are entitled to receive payments from a variable life insurance policy are subject to income tax. In such cases, it is important to consult a qualified tax professional in order to ensure that any taxes due are paid properly and on time, as failure to do so could lead to further penalties and interest.
How often can I modify my investments in variable life insurance near Brooklyn Park?
In Brooklyn Park, MN, you can generally change your investment choices with variable life insurance as often as you'd like, however the paradigm for doing so may vary depending on your policy's specifics. Generally, you can adjust your investments as frequently as the insurance company and your policy stipulate, allowing you flexibility to make selections that are tailored to your particular financial profile and risk tolerance. When in doubt, you can consult your life insurance provider for more information on how often you can adjust your investment choices in Brooklyn Park, MN.
What are the surrender fees for a variable life insurance quote Brooklyn Park?
Surrender charges for variable life insurance vary depending on your policies and rates. For residents in Brooklyn Park, MN, it’s important to research both local and nationwide companies to find the most competitive rates and surrender charges. Understanding the terms and conditions of the policy is important to determine if any surrender charges will be applied in the future. Speak to a qualified life insurance agent to learn more about your variable life insurance policy in Brooklyn Park, MN and the associated surrender charges.
Yes, there are age restrictions for buying variable life insurance in Brooklyn Park, MN. Depending on the insurance company, individuals must be of a certain age in order to have coverage approved. This can range from a minimum of 18–65 years of age. Furthermore, different insurers have their own set policies and conditions so it's important to check with the company and compare variable life insurance plans carefully. You may also want to consult with your local insurance provider or broker to determine what age requirements they have in place.
How flexible are premium payments for variable life insurance policies near Brooklyn Park?
Here in Brooklyn Park, MN there is a great deal of flexibility with regard to payments for variable life insurance policies. In a variable life insurance policy, individuals can choose to pay a greater or lesser amount than their scheduled payments, increase or decrease their coverage, or even suspend their payments for up to two years. This flexibility gives people the power to craft a policy that is the most beneficial fit for their individual needs and financial plans.
Are management fees for variable life insurance in Brooklyn Park similar to mutual funds?
Yes, management fees for variable life insurance are comparable to those of regular mutual funds in Brooklyn Park, MN. Generally speaking, fee structures depend on the particular life insurance policy and mutual fund, but both are usually structured in the same way; you are paying an upfront fee or an ongoing fee, such as an annual fee or generally higher management fees associated with the complexities involved in investing, managing, and distributing the funds. Ultimately, fees should be weighed against the potential returns and be seen as an investment in your financial future.
How does my Brooklyn Park variable life insurance policy handle loan interest?
The treatment of policy loan interest for variable life insurance in Brooklyn Park, MN is the same as any other location across the United States. As per IRS regulations, the interest payable on any loans taken against a life insurance policy is treated as policy acquisition debt, meaning that it is subtracted from the policy owner's “cash value” or death benefit. Policyholders are allowed to borrow up to 85% of the policy cash value, but doing so does reduce the death benefit of the policy and will increase the interest on the loan.
Can I convert from term life insurance with a Brooklyn Park variable life insurance company?
Yes, it is possible to convert your term life insurance policy into a variable life insurance policy in Brooklyn Park, MN. To do so, you will need to contact your insurance provider and explain your desire to convert your policy. They may require you to provide additional information related to your finances and lifestyle to ensure that the new policy meets your needs. The insurance provider will be able to provide more specific information about the process and what is necessary in order to make such a conversion. After the conversion process is completed, you may enjoy added features and higher levels of flexibility with your variable life insurance policy.
Compare Brooklyn Park, MN 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