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With PolicyHub you get to compare over 37 Forest Grove, OR 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 Forest Grove, OR. 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 Forest Grove, OR.
Frequent Questions...
Variable life insurance is a type of permanent life insurance that offers policy owners the ability to invest in sub-accounts, similar to mutual funds. In Forest Grove, OR, variable life insurance allows for flexibility, and can provide death benefit protection to policy owners and their families and serves well as an estate planning tool. Generally speaking, variable life insurance also offers the potential for greater cash value growth, compared to other types of permanent life insurance, and you can often access the cash value of the policy for a variety of needs.
Are there early withdrawal penalties for variable life insurance quotes in Forest Grove?
YES, depending on your particular policy, there can be penalties for withdrawing from the cash value of your policy. The exact terms of your policy depend on the specific provider that is servicing it. In Forest Grove, OR, your provider may impose certain penalties related to fees or a market rate adjustment of any withdrawals from the policy. Therefore, it is important to speak with your provider to get the full details of the penalty associated with early withdrawals from your particular policy.
What are the tax aspects of a variable life insurance policy Forest Grove?
The tax implications of variable life insurance can vary based on where you live. In Forest Grove, Oregon, policyholders could be subject to federal, Oregon state, and city taxes on premiums paid and benefits or earnings from the policy. Federal taxes usually take the form of taxes on income, capital gains, and dividends, while Oregon taxes may include a premium tax and a tax on any gains or dividends from the policy. Additionally, investors may also be subject to what is referred to as Oregon personal income tax on the dividend incomes.
How often can I modify my investments in variable life insurance near Forest Grove?
In Forest Grove, OR, you have the ability to change your investment choices with variable life insurance as often as you'd like. There are no restrictions on how often you can make changes to your investments when it comes to variable life insurance, so you are free to adjust your investment preferences as often as needed to reach your financial goals. Additionally, you should check with your insurance provider to make sure that you are following any guidelines or policies around investment changes.
What are the surrender fees for a variable life insurance quote Forest Grove?
Surrender charges for variable life insurance policies may vary depending upon the insurer and the terms of the policy. In Forest Grove, OR, the most common surrender charges for variable life insurance vary from 0% to 10% of the policy's cash value, depending on the policy's length; the longer the policy's term, the lower the surrender charge. Such charges are designed to discourage policyholders from surrendering their policies too soon and serve as an incentive for policyholders to remain invested in the policy for the long-term.
In Forest Grove, OR, the minimum age for purchasing variable life insurance is 18 years old. Variable life insurance policies provide a death benefit as well as a savings/investment component that includes different sub-accounts which fluctuate in value with the stock market. In the state of Oregon, a variable life insurance policy can be owned and changed at any age. It's important to be aware, however, that the investments offered in a variable life insurance policy are riskier than other types of fixed insurance policies and could result in loses if market changes occur.
Do variable life insurance policies near Forest Grove provide guarantees on returns?
Variable life insurance policies offered in Forest Grove, OR have some of the same guarantees as a traditional life insurance policy, like cash value, as well as some built-in investment options. However, these plans do not offer any guarantees on investment returns. Investment gains or losses depend on the performance of the invested assets. Therefore, policyholders in Forest Grove should be aware that variable life insurance plans are subject to market volatility, and that the value of their investments may change. It is important to carefully research all options when selecting a variable life insurance policy.
Does all variable life insurance in Forest Grove offer the same investments?
No, not all variable life insurance policies offer the same investment options. For example, when considering a policy in the Forest Grove, Oregon area, you may find that some policies provide the opportunity to diversify your investments into mutual funds, while others might focus more on stocks, bonds, and/or cash equivalents. To make an informed decision on which policy is right for you, speak with a financial planner who is familiar with the policies available in the area and can offer tailored advice to your individual situation and financial goals.
How liquid is the cash value of my Forest Grove variable life insurance policy?
The cash value of a variable life insurance policy in Forest Grove, OR is quite liquid due to the various options available. Although the policyholder does not have complete access to the money, they can borrow against the policy's death benefit or surrender the policy and receive the cash value. Many policies offer the option to withdraw up to 10% of the accumulated value each year tax-free. Additionally, policyholders can make additional voluntary deposits and withdrawals as needed. Depending on the provider, policyholders may also be able to access the money through loans, loan transfers, or tax-deferred exchanges.
How do loans affect death benefits with my Forest Grove variable life insurance company?
Policy loans from variable life insurance can have a great impact on the death benefit for individuals living in Forest Grove, OR. The loan amount is subtracted from the cash value of the policy, thereby reducing the death benefit as the loan must be repaid to the life insurance company. Over time, if policyholders do not repay the loan amount with interest before the end of the policy, death proceeds will be reduced by the amount of the policy loan. Furthermore, if the cash value of the policy is exhausted, the policy will lapse or be surrendered and no death benefit will be paid out.
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