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With PolicyHub you get to compare over 37 Chatham, IL Variable Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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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 Chatham, 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.
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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
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 Chatham, IL.
Frequent Questions...
Yes, the premiums for variable life insurance are fixed. In Chatham, IL, residents can find an affordable rate that suits their needs and budget. With variable life insurance, policy holders can make investments based on their life insurance money, and the variety of investment options can create a potentially higher return on their investment. Thus, individuals who purchase variable life insurance in Chatham, IL can be assured that their premiums are fixed and potentially offer a higher return than basic and whole life insurance. Additionally, many variable life insurance companies offer policy holders the option to customize payments that can fit their budget.
Do variable life insurance quotes in Chatham come with a cash surrender value?
Yes, variable life insurance policies in Chatham, IL offer a cash surrender value. After the policy has been in force for a certain period of time (usually a few years), policy holders are able to access a portion of the policy’s death benefit as long as they keep up with their premium payments. In Chatham, IL, the cash surrender value of a variable life insurance policy serves as a retirement savings tool, allowing policy holders to withdraw a portion of the benefits for personal needs during retirement.
What potential risks are there with a variable life insurance policy Chatham?
Living in Chatham, IL comes with unique risks, particularly when considering variable life insurance. Variable life insurance policies are subject to investment risks associated with the underlying investment options provided, meaning the policy’s cash values can fluctuate based on the performance of those investments. Since the issuing insurance company’s statements regarding the performance of the underlying investments are solely an estimate, there is no guarantee of the amount of return on these investments. Additionally, variable life insurance policies are more expensive, often due to the additional costs associated with specific missions of the underlying investments.
What fees are there with variable life insurance near Chatham?
The fees associated with variable life insurance vary based on different factors, but for those in Chatham, IL, the average fee is typically higher than in other parts of the country, as there are administrative costs associated with local taxes and annuities. Additionally, policyholders can expect to pay an insurance premium each month for the life of the policy, plus an annual fee that covers any additional policy expenses throughout the year. Depending on the policy you purchase, there may also be additional costs associated with conditions or riders, as well as surrender charges for canceling the policy.
How does a variable life insurance quote Chatham handle dividends?
Dividends from variable life insurance in Chatham, IL are treated as excess capital gains. These capital gains can be used to offset risk and pay for variable life insurance costs such as investments, living benefits, and other needs. When realizing these dividends, you can choose to take them as a lump sum or as income depending on your personal financial needs. Additionally, any unused dividends can be rolled over to be reinvested in different financial products or to help pay future policy premiums.
Yes, there are limitations on fund transfers within the policy for Chatham, IL. Your account will need to be funded from another account, such as a bank account, that you must provide authorization for. You can not fund the account from a loan, and transfers must comply with the current laws. Also, individual transfers cannot exceed $5,000 and total transfers can not exceed $7,000 per day. Additionally, you are limited to no more than 6 transfers per month. You may also be subject to other restrictions and fund availability policies.
Do variable life insurance policies near Chatham provide guarantees on returns?
Variable life insurance policies do not offer any guarantees on investment returns; however there are ways for individuals living in Chatham, IL to get certain guarantees while still investing in a variable life insurance policy. There are policy options that offer guarantees such as funds that can never lose money, guaranteed income riders and lifetime income guarantees, making them an attractive option. With these kinds of guarantees, individuals in Chatham, IL can enjoy the peace of mind of knowing that their money is secure while also having the ability to harness the power of growth potential.
Are management fees for variable life insurance in Chatham similar to mutual funds?
Yes, the management fees for variable life insurance are generally comparable to regular mutual funds. At Chatham, IL-based TLC Financial, for example, clients can expect mutual fund and variable life insurance fees along the same lines, both among the lowest around. Additionally, our financial advisers work to create a tailored, comprehensive financial plan for each client to ensure that their individual goals are aligned with their long-term objectives. We are confident that sound financial planning with TLC Financial can provide clients with peace of mind in their financial future.
Is the cash value in my Chatham variable life insurance policy safe from creditors?
In Chatham, IL, the cash value of a variable life insurance policy is protected from creditors since the laws of Illinois afford policy owners with certain protections. Depending on the specific circumstances, the policyowner may be able to guard the funds within the policy from creditors if transferred to an irrevocable life insurance trust. Regardless of the life insurance trust, state laws in Illinois tend to shield cash values from creditors. Consultation with a financial advisor in the Chatham, IL area can provide more insight.
Do I get dividends from my Chatham variable life insurance company?
Yes, you may receive dividends from your variable life insurance investments when you are based in Chatham, IL. The benefits of a variable life insurance policy is that you can potentially realize gains from your investments that may exceed the current policy’s cost of insurance and funded by dividends offered. You will typically need to examine and review the policy's prospectus to determine the actual dividends available. However, the exact dividends will vary depending on your individual policy and the investments that you make. It is important to note, however, that dividend payments are not guaranteed and will depend on market performance.
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