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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 Franklin Town, MA. 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 Franklin Town, MA.
Frequent Questions...
Variable life insurance is a type of permanent life insurance that is based in Franklin Town, MA and offers the policyholder the ability to flexibly direct the investment of its cash value portion into a variety of professionally managed investment accounts. With variable life insurance, the death benefit and cash value can fluctuate based on market conditions, allowing the policy to grow faster and potentially provide greater returns for policyholders over the life of the policy.
Can I cancel my policy after getting variable life insurance quotes in Franklin Town?
In Franklin Town, MA, the process of canceling your variable life insurance policy depends on the type of policy you have and the company that issued it. Generally, you may be subject to surrender fees so it is best to check with your provider first. Additionally, if your policy is attached to a loan, the loan may need to be paid in full before canceling the policy. Speak to your insurance company to determine the steps you need to take to cancel your variable life insurance policy and be sure to ask about any cancellation fees or penalties that may apply.
What potential risks are there with a variable life insurance policy Franklin Town?
In Franklin Town, MA, there are several potential risks associated with variable life insurance. One is the risk that your premiums may increase, resulting in greater financial strain. Another is that the funds in your variable life insurance policy may decrease in value if the underlying investments perform poorly. Additionally, as with any type of insurance product, the decision to outlive the policy's term could result in the loss of certain benefits, such as a death benefit. Finally, any variable life insurance policy could contain hidden fees and less-than-optimal investment options that could place you at risk for diminishing returns.
Is there a death benefit guarantee with variable life insurance near Franklin Town?
In Franklin Town, MA, Variable Life Insurance may not offer a guaranteed death benefit. However, if you choose the right policy and remain an up-to-date policyholder, a death benefit could be paid to the beneficiaries of the policy. The policy’s cash value is tied to the performance of the chosen investments and, subject to any applicable surrender charges, may be greater at the time of death than when the policy was issued. It is important to consider the features associated with Variable Life Insurance before deciding if it is the right option for you.
How does a variable life insurance quote Franklin Town handle dividends?
In Franklin Town, MA, the treatment of dividends in a variable life insurance contract is determined by the nature of the policy and the insurance company from whom the policy is purchased. Generally, any dividends earned can be taken as cash, used to buy additional coverage, used to reduce the policy's premiums, or left on deposit with the insurance company to earn interest. All options are considered taxable distributions and should be accounted for properly on the policyholder's tax return.
Variable Life Insurance can be a great short-term coverage option for those in Franklin Town, MA. Not only does VLI provide traditional life insurance coverage, but it also has the added benefit of an investment component. This means policyholders can put their premiums into stocks, bonds, mutual funds, and other investments for the potential for higher returns. While not risk-free, VLI has the potential to grow more quickly than other life insurance options, making it a great coverage solution for those seeking short-term financial security.
Do variable life insurance policies near Franklin Town provide guarantees on returns?
Variable life insurance can provide individuals in Franklin Town, MA with potential for additional tax-deferred earnings, but there are no guarantees. The policyholder directs where their investments will go, so the policy values can go up or down depending on the performance of the underlying investments. Additionally, some policies also offer features like long-term care and disability income that can provide financial protection in case of an illness or injury. If you’re considering variable life insurance, speak with a qualified insurance expert to ensure the investment is right for your financial goals.
Can I change investment options for variable life insurance in Franklin Town without tax effects?
In Franklin Town, MA, switching between investment options generally will not have any adverse tax implications. The State of Massachusetts does not assess taxes on capital gains or dividends from investments, so no taxes would be triggered by switching between different investment options. It is important to review any prospectus materials and thoroughly understand the long-term tax implications whenever investing, but under normal circumstances, any switch between investments should not incur taxes. Additionally, most reputable advisors in Franklin Town will advise their clients to incur such a change when the potential for greater returns is identified.
Is the cash value in my Franklin Town variable life insurance policy safe from creditors?
In Franklin Town, MA, cash value in variable life insurance is generally protected from creditors. This is thanks to the Massachusetts Fraternal Benefit Societies Act, which provides the legal protection from creditors to the members of a fraternal benefit society. Also, certain exceptions such as debts associated with alimony, child support, and state and federal taxes may leave a person's cash value in variable life insurance open to seizure. Therefore, it's important to review and understand the applicable local and state laws before enrolling in a variable life insurance policy.
How do loans affect death benefits with my Franklin Town variable life insurance company?
In Franklin Town, MA, policy loans from variable life insurance can impact the death benefit in three ways. Firstly, a policy loan may reduce the funds that would have been available in the death benefit, because the loan amount also draws interest. Secondly, unpaid interest payments will be subtracted from the death benefit. Lastly, unpaid loan amounts will be deducted from the death benefit. Therefore, if any of these payments are not made, the death benefit could be reduced or eliminated altogether.
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