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With PolicyHub you get to compare over 37 Chesapeake, VA 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 Chesapeake, VA. 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 Chesapeake, VA.
Frequent Questions...
Those in the Chesapeake, VA area who wish to provide additional financial security to their families should consider purchasing variable life insurance. It offers flexible coverage amounts and the opportunity to invest in different types of assets, allowing for long-term security, protection, and growth. Variable life insurance also offers potential tax benefits and the possibility of a large cash value. This financial tool can help ensure that loved ones are taken care of in the event of the insured's untimely death.
With variable life insurance quotes in Chesapeake, how is the beneficiary impacted by investment performance?
Investing in the Chesapeake, VA area can help the beneficiary significantly. Depending on the type of investment, the returns could be significant. The beneficiary will benefit from having increased value to their portfolio, as well as potential tax savings. Additionally, investing in the Chesapeake, VA area could create jobs, boost the local economy, and allow for more development in the area good news for the beneficiary and their neighbors. Ultimately, the beneficiary stands to gain from improved investment performance in the Chesapeake, VA area.
What are the tax aspects of a variable life insurance policy Chesapeake?
When it comes to understanding the tax implications of variable life insurance in Chesapeake, VA, it is important to speak with a qualified professional. Generally speaking, variable life insurance policies are considered to be investment vehicles, so the premiums are invested and have the potential to generate a taxable income for policyholders. In addition, any gains that are earned on the investments are typically taxable as well. Further, any death benefit that is paid in the event of the policyholder's death is usually exempt from federal taxes.
Is there a death benefit guarantee with variable life insurance near Chesapeake?
Variable life insurance may offer death benefit guarantees in the form of a guaranteed minimum death benefit in Chesapeake, VA, depending on the policy. With this type of coverage, the death benefit is determined based upon the specific policy and the performance of the underlying investments in the policy. The guaranteed death benefit will either remain level or decline over the life of the policy depending on its terms and conditions. In addition, many policies also offer an accidental death benefit rider, which provides an additional level of coverage in the event the insured dies due to an accident.
What happens if my variable life insurance quote Chesapeake underperforms?
If your chosen investments perform poorly in Chesapeake, VA, it is important to remember that you should not panic. Investing is a long-term game, and not all investments perform well all the time. The key is to continue to monitor your investments and regularly assess their performance. Seek advice from financial advisors or institutions that are familiar with the local economy and can help you identify alternative investments that may yield better returns. With the right advice and a steady hand, you can still secure returns and be prepared to make adjustments when necessary – even when your investments do not initially perform as planned.
One of the primary benefits of variable life insurance in Chesapeake, VA is the flexibility it offers. With variable life insurance, you can customize the benefits to meet the unique needs of you and your family, including flexible premium payment options and death benefits. Additionally, variable life insurance offers tax-deferred growth potential on your life insurance policy, giving you the chance to grow your hard-earned money faster and with fewer taxes. Finally, you can add more insurance coverage and greater living benefits in the form of a policy loan with variable life insurance.
Can I upgrade variable life insurance policies near Chesapeake to another policy type?
Yes, you can upgrade your variable life insurance in Chesapeake, Virginia. At Chesapeake Financial, our team of experienced professionals will help you assess your individual needs and determine the best type of policy for you. We can help you explore options, such as universal life insurance, which will provide both flexibility and lifetime protection. We can also discuss the benefits of term life insurance, which can be tailored to your needs. We have a range of options available to suit your particular needs and budget. Contact us today to learn more about upgrading your variable life insurance.
Does all variable life insurance in Chesapeake offer the same investments?
No, not all variable life insurance policies offer the same investment options. For example, the options available in Chesapeake, VA, vary by insurer and policy type. While one insurer may offer more equity and mutual fund investment options, another may offer a greater variety of bonds and annuities. It is important to compare the products from multiple insurers to determine which policy provides the best investment options for you and your family in the Chesapeake, VA, area.
How does my Chesapeake variable life insurance policy handle loan interest?
In Chesapeake, VA, policy loan interest on variable life insurance is treated as a form of loan repayment. When interest payments are made on policy loans associated with variable life insurance, the payments are used to reduce the outstanding loan balance. The periodic payments of interest help to offset the risk that the debt may become due at the insured’s death and that a creditor may then try to collect from the proceeds of the policy. It is important to keep up with policy loan interest payments in order to maintain sufficient cash value in the policy and protect against a lapse due to insufficient funds.
How do loans affect death benefits with my Chesapeake variable life insurance company?
In Chesapeake, VA, policy loans taken from variable life insurance can affect the death benefit. Policyholders can borrow up to the maximum loan value without incurring taxation. Any loans taken against the policy will reduce the death benefit, but the reduction could be offset by strong performance of the policy’s investments. However, payments made on the loan reduce the cash value before the death benefit. As a result, policyholders should carefully consider the risks of taking policy loans from their life insurance.
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