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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 Folsom, CA. 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
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 Folsom, CA.
Frequent Questions...
A variable life insurance policy in Folsom, CA consists of three primary components: death benefit, cash value, and premium. The death benefit is a tax-free lump sum payment made to beneficiaries upon the insured's death. The cash value component is an accumulation of premiums with potential tax-deferred growth. The premium is the amount the policyholder pays for the insurance and is used to fund the death benefit and cash value. The cash value also serves as a source of funds if the policyholder needs access to capital before death.
Do variable life insurance quotes in Folsom come with a cash surrender value?
Variable life insurance policies in Folsom, CA have a cash surrender value. This value is determined by the amount of money you have put into the policy, minus the any loans and fees. The cash surrender value can be used as an emergency fund or can be used as extra income if the policyholder can no longer afford to make the premium payments. This feature allows the policyholder to access their own funds and may provide a helpful financial option in unexpected circumstances.
What are the tax aspects of a variable life insurance policy Folsom?
The tax implications of variable life insurance in Folsom, California depend on several factors, such as the type of policy purchased, how the policy is used, and how the funds are distributed. It is important to keep in mind that the federal government assesses income taxes on taxable death benefit proceeds, as well as capital gains in certain instances. Additionally, the California Franchise Tax Board has published specific guidelines for income tax rules as it relates to life insurance policies in Folsom.
How often can I modify my investments in variable life insurance near Folsom?
Depending on the specifics of your variable life insurance policy, you may be able to change your investment choices with variable life insurance as often as you'd like. Many policies allow policyholders in Folsom, CA to switch their investments once per year or more frequently, so it's best to check the details of your particular policy to determine exactly how often you are able to make changes.
What are the surrender fees for a variable life insurance quote Folsom?
Surrender charges for variable life insurance vary by provider, as well as by the policyholder's region of residence. In the Folsom, CA area, the surrender charges applicable to variable life insurance policies are typically based on the number of years that the policy has been in effect. For example, within the first two years of the policy, the surrender charge is typically 8%, but it will decrease by 1% for each year thereafter. It is important to note, however, that the surrender charge cannot exceed 20% of the policy's cash value.
Variable life insurance is an option for people in Folsom, CA who are looking for short-term coverage needs. This type of life insurance provides more flexible benefit guidelines, and lower premiums compared to other permanent plans which may be better suited for long-term goals. As long as one's insurance needs are short-term, and subject to change over time, a variable life policy could be an excellent choice for Folsom, CA residents. The cash value portion of the policy can be easily changed or modified to adapt to changing circumstances, making it easy to make adjustments as needed.
Can I upgrade variable life insurance policies near Folsom to another policy type?
Yes, you can absolutely upgrade your variable life insurance to another type of policy in Folsom, CA. An experienced insurance broker or financial planner can help you understand the various types of life insurance policies available to you, and the pros and cons of each. It's important to note that when upgrading your policy, your coverage may change in terms of the amount of coverage, the length of the policy, or the payment structure in relation to the premium cost. To ensure that you're making the best decisions possible, our insurance brokers at Folsom Insurance Inc.
How regularly should I check my variable life insurance in Folsom?
Living in Folsom, CA, it is important to review your variable life insurance policy on a regular basis to ensure it is meeting your changing life needs. The frequency of policy reviews will depend on a variety of factors being considered, such as your financial objectives, timeline, age, and the current economic climate in the area. However, as a general rule, it is a good idea to review your policy at least once a year in order to take advantage of any changes and updates in policy guidelines.
Is my Folsom variable life insurance policy considered permanent life insurance?
Variable life insurance is a type of permanent life insurance that can be beneficial for individuals living in Folsom, CA. Unlike term life insurance, variable life insurance offers a face value that is guaranteed to remain in force for the insured's lifetime. Variable life insurance plans also offer the flexibility to invest policyholders' proceeds in basic assets such as bonds, stocks, and money market securities, providing an opportunity to accumulate the potential to earn more cash value than other permanent life insurance policies may provide.
Can I convert from term life insurance with a Folsom variable life insurance company?
Yes, you may be able to convert your term life insurance into variable life insurance in some cases; however, the specifics vary based on your insurance provider. If you are looking to convert your current policy to variable life insurance, speak to a qualified insurance specialist in Folsom, CA who can answer your questions and assess if this type of policy is right for you. Additionally, they can help guide you through the process if it is available and advantageous for you to convert your policy.
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