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With PolicyHub you get to compare over 37 Draper, UT 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 Draper, UT. 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 Draper, UT.
Frequent Questions...
Variable life insurance in Draper, UT differs from other life insurance policies in that it combines a death benefit with a tax-deferred investment opportunity. Instead of a traditional policy, premiums are invested in separate accounts and selected by the policyholder. With variable life insurance, the value of the benefit is not generally fixed, and certain policies allow policyholders to invest in the stock market. Variable life insurance can provide families with additional financial security during retirement or other long-term goals.
Can I use my variable life insurance quotes in Draper as collateral?
Variable life insurance is a popular option for many people in Draper, UT, and throughout the US. However, life insurance cannot be used as collateral for a loan. This is due to the fact that life insurance is not a form of tangible asset, and thus cannot be used for collateral on a loan. If you are needing to borrow money, you will need to look at other assets such as a car, home, or savings. A financial adviser could help you decide what other asset may be best for your needs.
With a variable life insurance policy Draper, can I decide where my premiums are invested?
Yes, with variable life insurance you can choose where your premiums are invested according to your preferences. In Draper, UT you have several options to choose from when selecting your investment options, including stocks, bonds, mutual funds, ETFs and index funds. Working with an experienced financial advisor in Draper can help ensure your money is invested in the option that best suits your needs and objectives. At Utah Life & Annuity Insurance Company, we are committed to helping our clients in Draper understand their investment options and make informed decisions about their life insurance investments.
What fees are there with variable life insurance near Draper?
The fees associated with variable life insurance in Draper, UT can vary depending on the policy under consideration. Generally, commission fees, policy fees, mortality and expense risk charges, annual service fees, and the cost of Living Benefit riders are included. Commission fees are the commissions paid to the life insurance agents. Policy fees are charges for the daily operations of the insurance policy, which can include administrative costs. Mortality and expense risk charges are the costs associated with providing the insured's and/or the policyowner's death benefits and the costs for managing the portfolio.
Is there a minimum guaranteed return with a variable life insurance quote Draper?
Variable life insurance policies offer clients in Draper, UT, the opportunity to risk-manage their portfolio by investing a percentage of their premiums into varying investments. Although clients must take the risk of the investments, most policies offer a minimum guaranteed return. This guarantee ensures that policyholders will receive a guaranteed return of their money regardless of the performance of those investments. Variable policies also allow policyholders the potential to experience larger returns than the guaranteed return. To learn more about your specific options, contact a local insurance professional.
Investment performance affects the death benefit amount and access in Draper, UT because certain products rely heavily on investment returns. For example, a life insurance policy with an investment component may gain or lose value depending on the performance of the underlying investments. This means that the death benefit amount associated with that product can increase or decrease over time. On the other hand, an annuity with a death benefit may not experience the same changes since the death benefit is predetermined. Ultimately, the variability of the death benefit depends on the type of product and the specifics of the policy.
Can I direct specific investment strategies for variable life insurance policies near Draper?
In Draper, UT, the policyholder has an impressive degree of flexibility when it comes to dictating specific investment strategies for the cash value of their policy. With a variety of investment options available, the policyholder can tailor their investment strategy to their individual needs and risk level while also taking advantage of the tax benefits that life insurance policies can provide. Furthermore, policyholders in Draper, UT can count on experienced advisors to help them establish a plan to achieve their financial objectives.
Does all variable life insurance in Draper offer the same investments?
No, not all variable life insurance policies offer the same investment options. In Draper, UT, the offerings will vary depending on the provider. Some policies may provide access to stocks, bonds, mutual funds, and other investments, while others may have more limited options. It is important to carefully research the options available from each policy to ensure that it will meet the individual’s specific financial needs. Getting informed assistance with this can be especially important to sift through the various offerings.
How does my Draper variable life insurance policy handle loan interest?
In Draper, UT, the policy loan interest treated in a variable life insurance policy is calculated on a monthly basis and is made up of both an insurance charge along with a finance charge. The insurance charge is a cost incurred for the privilege of taking out a policy loan and is a percentage of the principal balance of the loan. The finance charge is a cost for the borrowed funds themselves and is normally assessed at an annual percentage rate that is slightly higher than the current policy's credited rate. All policy loan interest is credited to the policy loan account, reducing the principal balance of the loan.
Can I convert from term life insurance with a Draper variable life insurance company?
Yes, you can convert your term life insurance to variable life insurance in Draper, UT. However, it is important to understand the potential risks and benefits of such a conversion. Before making this decision, it is best to speak with a licensed agent from a reputable insurance company to learn more about what is right for you and your needs. An agent can help you consider the costs, tax benefits, and other factors that come along with such a conversion. They can also guide you in the process to make sure the conversion is done properly and in accordance with applicable regulations.
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