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Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Deerfield, 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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Step 2
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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 Deerfield, 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.
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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 Deerfield, IL.
Frequent Questions...
Variable life insurance in Deerfield, IL is a type of permanent insurance that combines the investment component of variable universal life insurance with the death benefit protection of universal life insurance. It has a cash value that accumulates and is invested in approved accounts that offer a wide range of investment options, like stocks, bonds, or mutual funds. It offers the policyholder the freedom to adjust premium payments, death benefits, and investment options, giving them the flexibility to adjust their policy according to their changing life circumstances and financial goals.
Are there early withdrawal penalties for variable life insurance quotes in Deerfield?
Yes, there can be penalties for early withdrawal from the cash value in Deerfield, IL.. Depending on the policy and type of insurance plan being used, such withdrawals may incur surrender charges or fees in addition to the lost value of the invested funds. It is possible for customers of certain financial services companies to incur tax liabilities as well, should they withdraw money before the end of a given period or incur other activity that may make them beholden to certain regulations.
How does the cash value work for a variable life insurance policy Deerfield?
Variable life insurance is an especially popular choice for Deerfield, Illinois residents, given its flexibility and cash value component. The cash value element provides policyholders with long-term financial security and stability, with an accumulation that can be used while the policy is active. This cash value can be used to pay premiums, dividends, or even withdrawal policy loans. It can be used for any purpose the policyholder chooses, providing a reliable source of income or added savings for other investments.
Is there a death benefit guarantee with variable life insurance near Deerfield?
In Deerfield, IL, variable life insurance is a great option for guaranteeing a death benefit to your family or beneficiaries. It allows you to customize your death benefit, based on your individual needs. To ensure the highest levels of financial protection, the death benefit is based on the cash value of the policy, which is protected from market volatility. You will also have the option to add riders to your policy, such as an Accelerated Death Benefit Rider, to provide your beneficiaries with additional cash if needed.
What are the surrender fees for a variable life insurance quote Deerfield?
The surrender charge for variable life insurance in Deerfield, IL varies depending on the individual policy. Generally speaking, most charges fall in the range of 4-10% of the total policy value and decrease over the life of the policy. It's important to consult with a licensed insurance agent in Deerfield to get a fully comprehensive understanding of the surrender charges pertaining to your specific policy. In addition, different carriers may offer different terms and conditions, so shop around and consider all your options thoroughly before making a decision.
Deerfield residents can enjoy several primary benefits from variable life insurance. One benefit is flexibility; policyholders can customize the death benefit, premiums, and investment approaches personalized to their needs. Secondly, it provides policyholders with access to growth potential. The investment options within variable life insurance can include stocks, bonds, and mutual funds, allowing policyholders to fund their portfolio to achieve desired returns. Finally, insurance can protect policyholders from market losses through the use of guarantees associated with variable life insurance products.
Can I upgrade variable life insurance policies near Deerfield to another policy type?
If you live in Deerfield, IL and you’re looking to upgrade your variable life insurance policy, you’ve come to the right place! At Insurance Partners, we pride ourselves on helping you find a policy that is right for your specific needs. We can help you assess whether an upgrade to a specific policy, such as whole life insurance, is the right fit for you. Let us get to know you and your needs so we can make sure you are getting the most appropriate coverage possible!
Does all variable life insurance in Deerfield offer the same investments?
No, not all variable life insurance policies offer the same investment options. In Deerfield, IL, for example, there are many insurance companies that offer variable life insurance policies with different investment options to suit different needs and risk levels. The best approach is to look for a policy that best fits your goals, budget and risk tolerance. Advisors at insurance providers in Deerfield, IL can provide valuable guidance on which investment options will be best suited to your particular circumstances and needs.
How liquid is the cash value of my Deerfield variable life insurance policy?
The cash value of a variable life insurance policy in Deerfield, IL is very liquid and can be accessed and used by the policyholder at any time. It can be withdrawn in the form of a loan, or allowed to continue to grow. If the policyholder is under 59 ½ years of age, they will incur a 10% penalty on any withdrawals as per IRS regulations. The amount withdrawn affects the ability of the policyholder to accumulate wealth in the variable policy due to policy fees and possibly a loan interest.
How do loans affect death benefits with my Deerfield variable life insurance company?
Policy loans taken from a variable life insurance plan can reduce the death benefit available to you or your beneficiaries. This is especially relevant for Deerfield, IL residents with variable life insurance plans, as taking too many policy loans could significantly lower the death benefit that would have otherwise been available. It's important to be very aware of the potential effect of taking a policy loan before doing so, and discuss with a licensed insurance representative in Deerfield, IL about the implications before deciding if it's right for you.
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