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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 Flower Mound, TX. 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
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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 Flower Mound, TX.
Frequent Questions...
A variable life insurance policy issued in Flower Mound, TX typically consists of three components: a death benefit, a cash value account, and a policy owner's flexibility. The death benefit is the amount of money payable to the beneficiaries of the policy upon the death of the insured person. The cash value account is an accumulation of policyholder premiums that are invested in a variety of subaccounts, and typically grows tax-deferred over time.
Are there early withdrawal penalties for variable life insurance quotes in Flower Mound?
Yes, there are typically penalties for early withdrawal from the cash value. In Flower Mound, TX, it can depend on the type of policy you have and the provisions made when you purchased the policy. Generally, if you make a withdrawal prior to the policy’s maturity date you may incur a surrender penalty or a withdrawal fee. It’s important to review the terms and conditions of the policy with your insurer to understand the penalty structure or fees that are related to early withdrawal, so that you can make an informed decision.
Can I withdraw or borrow from a variable life insurance policy Flower Mound?
In Flower Mound, TX, you are able to withdraw or borrow from the cash value of your variable life insurance policy, however, it’s important to always assess your personal situation and make sure that such a withdrawal or loan will not negatively impact your financial wellbeing. A professional financial advisor or tax planner is highly recommended when reviewing the potential impacts of a withdrawal or loan on your insurance policy.
What fees are there with variable life insurance near Flower Mound?
In Flower Mound, TX variable life insurance fees vary according to the carrier, but generally include policy fees, mortality and expense risk charges, administrative fees, and fees for any optional riders or coverage. There may also be additional costs associated with starting or maintaining the policy, such as underwriting fees or fees for premium payments or to participate in a separate account. It's important to review the details of any particular product to determine which fees apply.
What are the surrender fees for a variable life insurance quote Flower Mound?
The surrender charges for variable life insurance in Flower Mound, TX can depend on the specific policy and insurance provider. Generally speaking, these charges are applicable if the policyholder decides to cash out on the policy within a certain period. It's important to review the policy and determine the duration in which surrender charges may remain applicable, as this might vary from provider to provider in Flower Mound. It's also wise to ask your insurer directly about any specific surrender charges that may be applicable to your policy.
Variable life insurance can be a great fit for short-term coverage needs in Flower Mound, TX due to its flexibility. Its premiums are much more adjustable compared to other life insurance policies like term and whole life. The policyholder can choose how much he/she wants to invest into the policy and the cash value can be used to adjust the premium count and term length. With variable life insurance, the policyholder is also able to benefit from having a tax-deferred cash value accumulation through potential investment dividends or gains.
Can I direct specific investment strategies for variable life insurance policies near Flower Mound?
In Flower Mound, TX, policyholders’ ability to dictate specific investment strategies for cash value will depend on the type of insurance they have. For example, if the policyholder has a universal life insurance policy, they may be able to tailor their investments to their risk tolerance and goals by investing in mutual funds, stocks and bonds. However, if the policyholder has a whole life insurance policy, their choices in terms of investments are generally more limited. Nevertheless, policyholders in both types of policies are typically able to dictate how much of the policy's cash value will be invested.
Can I change investment options for variable life insurance in Flower Mound without tax effects?
In Flower Mound, TX, you can generally switch between investment options without any tax implications. However, you will still want to speak with a knowledgeable financial advisor in Flower Mound to ensure there are no potential issues in making such a switch. Depending on the type of investments, capital gains taxes and other associated costs may begin to come into play with such a switch. To minimize risk, it's important to consider the entire financial situation and consult with a trusted financial advisor in the Flower Mound area.
Is the cash value in my Flower Mound variable life insurance policy safe from creditors?
In Flower Mound, TX, with variable life insurance, the cash value is indeed protected from creditors if the policy is properly established with an Irrevocable Life Insurance Trust (ILIT). Trusts managed by a well-versed estate planner are fundamental for preserving the soundness of one's life insurance against potential creditors, since financial creditors are prohibited from reaching assets in trust without court permission.
Does my Flower Mound variable life insurance company offer a grace period for premium payments?
Generally speaking, yes, there is a grace period for premium payments in variable life insurance. The timeframe varies depending on the policy and issuing company. The ability to pay your premium late, without incurring additional fees or penalties, is typically included in every policy as well. For Flower Mound, TX residents, it is best to check with your insurance provider to find out their terms and conditions regarding their grace period policy. You may also be able to contact the Department of Insurance in Texas for further information on grace periods for life insurance payments in the state.
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