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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 Eden Prairie, MN Variable Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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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
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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 Eden Prairie, 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.
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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 Eden Prairie, MN.
Frequent Questions...
Variable life insurance in Eden Prairie, MN differs from other life insurance policies in that it is an investment product as well as a life insurance product. It combines elements of life insurance with the potential to grow cash values through investment in securities such as stocks or mutual funds. Policyholders are able to actively manage their own investments or receive professional management services. As opposed to traditional life insurance that only provides death benefit protection, variable life insurance combines an insurance death benefit with the potential for investment growth.
Do variable life insurance quotes in Eden Prairie come with a cash surrender value?
Yes, variable life insurance policies offered in Eden Prairie, MN do have a cash surrender value. This surrender value depends upon the performance of the underlying investments, which are made available, to policyholders, in the form of various sub-accounts, created from a selection of mutual funds. In the event of policy termination, policyholders are paid the higher of the cash surrender value or the policy’s death benefit. If the policyholder chooses to surrender the policy, he or she is required to pay any fees or charges outlined in the policy as well as applicable taxes.
With a variable life insurance policy Eden Prairie, can I decide where my premiums are invested?
Yes, with variable life insurance in Eden Prairie, MN, you can choose where you would like your premiums to be invested. You can select a combination of stocks, bonds, money market funds, and other types of investments. Depending on the type of coverage and the carrier you choose, you may also have access to professionally managed portfolios. You can also customize your life insurance policy to meet your specific savings goals, such as additional funds for retirement or a major purchase. It's important to consult with a trusted life insurance agent to ensure that you make the right investment decisions for your personal needs.
Do I need to understand investments for variable life insurance near Eden Prairie?
Not at all! With variable life insurance in Eden Prairie, MN, it is recommended that you speak with an investment-savvy advisor to gain a better understanding of your options and how the policies can help you. Even if you are new to investing, you can still purchase variable life insurance. An experienced advisor can help educate you on the investment product to ensure that you make the right decision for your long-term financial objectives.
What are the surrender fees for a variable life insurance quote Eden Prairie?
Surrender charges vary depending on the insurance provider and policy you select. In Eden Prairie, MN, many variable life insurance policies have experienced surrender charge reductions over time. The experienced decreases vary by policy, but might include a none, reduced, or delayed surrender charge. Generally, the longer you have your policy, the less you may pay in surrender charges. Be sure to research your policy and your insurer carefully to find out the exact surrender charges associated with the policy you choose as certain restrictions may apply.
Residents of Eden Prairie, MN can enjoy the primary benefits of variable life insurance, such as the potential to build cash value through investments, customizable death benefit options that grow over time, and the ability for policyholders to make tax-advantageous loans against their cash value. Additionally, variable life insurance can provide source of long-term financial security for families, as well as flexibility to match a policyholder's evolving personal and financial needs.
Can I upgrade variable life insurance policies near Eden Prairie to another policy type?
Yes, you may be able to upgrade your variable life insurance policy to another type of policy if you reside in Eden Prairie, MN. Depending on local regulations and the insurance company you're working with, you may have the option to convert your current policy into a different policy that offers the coverage, flexibility, and features you need. Generally, this process requires completing an application for a new policy and providing the necessary supporting documentation to the insurer.
Does all variable life insurance in Eden Prairie offer the same investments?
No, not all variable life insurance policies offer the same investment options. In Eden Prairie, MN, policy holders may have access to a range of investment options, depending on the provider. Many life insurance companies in this area tailor their insurance policies to offer a diverse range of investment options tailored to the individual's preferences and risk profile. In addition, many insurance providers offer investors the opportunity to select from an array of stocks, bonds, cash alternatives, and other investment vehicles.
Can I use my Eden Prairie variable life insurance policy for retirement savings?
Variable life insurance can be used as an effective retirement savings vehicle in Eden Prairie, MN and throughout the United States. Unlike many other investments, variable life insurance offers you a guaranteed death benefit without having to pay taxes on the funds until the insured reaches retirement. Because of the tax advantages that come with investing in a variable life insurance policy, many individuals in Eden Prairie are turning to it as an alternative to traditional retirement funds.
How do loans affect death benefits with my Eden Prairie variable life insurance company?
Policy loans from variable life insurance can affect the death benefit provided to beneficiaries by reducing or eliminating the death benefit due to the accumulation of unpaid loan interest with the owner. In Eden Prairie, MN, policy owners should be advised to use policy loans judiciously and understand the potential impact to the death benefit and consider the costs associated with the loan, if needed. Not all types of life insurance products allow policy loans, so checking with an insurance agent or financial advisor is recommended to determine if a policy loan is the best solution for their individual needs.
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