Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Evanston, IL Variable Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
Find the perfect plan from over 37 providers
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 37 policy provider comparison.
Explore multiple policies from all the leading insurers and choose the one that fits your needs.
Locked in rate discount and exclusive deals.
Benefit from exclusive deals offered only to residents of your state, and lock in huge rate discounts.
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
ATTN: 2024 Variable Life Insurance rates just released!
Get the latest Variable Life Insurance rates for 2024 and lock in your policy today! Get started comparing policies right now.
Get the Variable Life Insurance plan with the cheapest rates in 3 easy steps.
Done in 3 easy steps
Step 1
Tell us about yourself.
Finding the perfect life insurance policy starts with answering a few questions to help us serve you better.
Step 2
Compare rates & plans.
Discuss your options with a licensed insurance agent. Compare plans to find the best policy & cheapest rates.
Step 3
Lock in cheap rates.
Secure the lowest rates and lock in the perfect life insurance policy for you and your family.
"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.
Get started in less than 15 minutes.
With PolicyHub getting started is easy. Compare all the Variable Life Insurance rates from all the providers in Evanston, 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.
![]() |
Option 1 | Option 2 | ||
---|---|---|---|---|
100% Digital | ||||
Licensed Agents | ||||
Expert Support | ||||
Get Started in 15 minutes | ||||
Decades of Experience | ||||
Compare 37+ Providers | ||||
Zero Hidden Costs | ||||
Top Insurance Providers |
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 Evanston, IL.
Frequent Questions...
In Evanston, IL, the primary components of a variable life insurance policy typically consist of an investment account, a cash benefit in the event of death, and a death benefit payable to the beneficiary. The investment account is tax-advantaged and is made up of separate accounts that the policyholder selects. The cash benefit pays out a cash value to the policyholder in the event of death, and the death benefit pays out a fixed amount of money to the beneficiary when the policyholder passes away.
Do variable life insurance quotes in Evanston come with a cash surrender value?
Yes, variable life insurance has a cash surrender value in Evanston, IL. This value depends on the amount you contribute to the policy, as well as the performance of the investment options within the policy. Generally speaking, the cash surrender value is higher if the investments perform well and you’ve been contributing the maximum amount allowed over time. Your policy’s cash surrender value is also a factor for determining the amount of death benefit available to beneficiaries.
How does the cash value work for a variable life insurance policy Evanston?
In Evanston, IL, variable life insurance provides policyholders with the benefit of having a cash value component. This feature of variable life insurance allows policyholders to invest in professionally managed funds, such as stocks, mutual funds, or bond funds, to build a cash value. The funds in the cash value of the policy are carefully monitored and managed in order to provide returns that are higher than what traditional savings vehicles may offer. In addition to utilizing the cash value component for their own personal financial needs, policyholders are able to access their variable life insurance death benefit at any time.
Is there a death benefit guarantee with variable life insurance near Evanston?
Yes, although variable life insurance differs from traditional life insurance in that there are more investment options for policyholders, it still provides death benefit protection for those living in Evanston, IL. The death benefits under variable life insurance are equivalent to that of traditional life policies with the added benefit of investment options, providing a mix of protection and growth opportunities.
What are the surrender fees for a variable life insurance quote Evanston?
Surrender charges for variable life insurance in Evanston, IL will largely depend on the specific policy held and the insurance provider. Generally speaking, such charges may be applicable if a policyholder withdraws or surrenders a policy within the first several years following the policy's inception. These charges may include administrative or other fees, and may be a flat charge in the hundreds of dollars, or a certain percentage of the surrender value. It's best to contact your local insurance provider for detailed information about the surrender charges that pertain to your specific policy.
In Evanston, IL the death benefit for an investment is usually determined by the performance of the investment. Generally speaking, if the investment performs well, the death benefit will be higher and vice versa. In certain instances the performance of the investment may also influence the value of the death benefit. For example, if the investment increases in value, then the death benefit may also increase. Likewise, if the investment's value decreases then the death benefit may decrease to reflect that change. Ultimately, specific details about death benefits and investment performance will depend on the specific policyholder and the investments they make.
Can I direct specific investment strategies for variable life insurance policies near Evanston?
The policyholder of an insurance policy purchased in Evanston, IL is free to tailor their investment strategies according to their individual preferences. However, insurance carriers often require the policyholder to having a financial adviser weigh in on the matter and provide expert advice to ensure that the policyholder is making investments that are suitable for their current and long-term financial goals and can provide a beneficial return. Ultimately, the decision is incumbent with the policyholder, however, it is highly recommended that an expert voice weigh in on the investment strategies being utilized in order to ensure a wise decision is being made.
How can I monitor performance of my variable life insurance in Evanston?
Tracking the investment performance of your variable life insurance is not a difficult task in Evanston, IL. There are reputable financial advisors in the area who are experienced in managing clients' variable life insurance investments. Working with a professional can help you keep a close eye on your investments since they can provide unbiased portfolio analysis and highlight performance changes over the course of time. Additionally, the professionals can create reports with information such as gains and losses, portfolio performance against different stock indexes, and changes in overall asset mix.
Is my Evanston variable life insurance policy considered permanent life insurance?
Variable Life Insurance is a type of Permanent Life Insurance, and if you live in Evanston IL you may be able to take advantage of this type of coverage. Variable life insurance offers several advantages, such as the ability to increase or decrease coverage as your needs change, potentially higher returns for your money and the potential to grow cash value over time. Variable life insurance also offers the flexibility to invest in a wide variety of mutual funds which provides the chance to increase your potential returns. All of these advantages may make variable life insurance a great choice for those who live in Evanston IL.
Does my Evanston variable life insurance company offer a grace period for premium payments?
In Evanston, IL, the answer to whether there is a grace period for premium payments in variable life insurance is yes. At certain companies, policyholders are able to make payments within thirty days of the due date without suffering any consequence. Furthermore, multiple payment methods are available for individuals paying their premium, including electronic payments and online banking. Premium payments for variable life insurance may be charged to the insured's credit card or deducted from a checking account for added convenience. It is important to review the policies of each insurance company prior to purchasing as not all companies offer a grace period.
Compare Evanston, IL Variable Life Insurance Policies
Get started today and compare over 37 Variable Life Insurance providers in as little as 15 minutes.
© 2024 PolicyHub - all rights reserved