Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Gloucester, MA 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 Gloucester, 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.
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 Gloucester, MA.
Frequent Questions...
Yes, the premiums in variable life insurance are fixed; however, how much you pay may vary depending on policies and plans available in Gloucester, MA. Customers should contact an independent agent to review their options for variable life insurance and discuss premium payment plans that fit their needs and budget. Alternately, an agent can help customers determine the best type of life insurance coverage for their individual situation, and explain the difference between variable life insurance and other types of insurance policies available in the area.
Are there early withdrawal penalties for variable life insurance quotes in Gloucester?
In Gloucester, MA the policy surrounding penalties for early withdrawal from cash values are generally determined by the terms of the insurance contract. Some policies may involve financial penalties or liquidity restrictions such as surrender charges. You should review the terms of your policy to determine what restrictions, if any, may be applied to early withdrawals. It may also be beneficial to speak with a financial representative to clarify any frequently asked questions related to early withdrawal of funds.
Can I withdraw or borrow from a variable life insurance policy Gloucester?
Yes, you may be able to withdraw or borrow from the cash value of your variable life insurance policy in Gloucester, MA, depending on the terms and limitations of the particular policy. If it is an option for your policy, you can typically access the guaranteed minimum cash value of the policy through a loan or withdrawal. Each type of transaction can have additional fees, and depending on the policy may affect the performance of investments within the life insurance policy. It's important to understand the terms and conditions of your policy before taking out a loan or making a withdrawal.
What fees are there with variable life insurance near Gloucester?
The fees associated with variable life insurance in Gloucester, MA, will differ from plan to plan. Typically, there are three main costs associated with this type of policy. Those are annual policy fees, mortality and expense risk charges, and administrative fees. Annual policy fees vary depending on the type of policy and the insurance company and can range anywhere from a few hundred dollars to several thousand annually. Mortality and expense risk charges offset the cost to the insurance company of providing the death benefit and may also help cover the administrative costs of running the policy.
How does a variable life insurance quote Gloucester handle dividends?
Dividends from variable life insurance, which are usually linked to the performance of underlying investments, can vary from year to year and are not guaranteed. In Gloucester, MA, policyholders can choose how they want to use these dividends, such as purchasing more life insurance coverage, taking a policy loan, repaying premiums, or receiving cash. If the policyholder does not specify an option, the policy dividends will automatically go into an affiliated investment account or receive living benefits, which vary by provider.
variable life insurance offers many primary benefits specific to Gloucester, MA. As an individual, particularly one that owns a business, the most attractive advantage of variable life insurance is its potential for cash-value build-up through investments. With the option to invest in stock, bond, and money market funds, policyholders can diversify their portfolio while achieving potential returns. Compared to traditional life insurance policies, variable life insurance can be more cost-effective in the long term because of the potential for greater cash value growth.
Can I direct specific investment strategies for variable life insurance policies near Gloucester?
In Gloucester, MA, the policyholder is responsible for providing direction on a variety of topics associated with their policy, but the ability to dictate specific investment strategies for the cash value in the policy is generally not available. While the policyholder may recommend certain strategies and investments, ultimately the insurer sets the parameters for choosing investments and determines the cash value of the policy. As policyholders, it is important to understand these limits to ensure that your policy is working in the most beneficial way for you.
Are management fees for variable life insurance in Gloucester similar to mutual funds?
In Gloucester, MA, the management fees for variable life insurance are comparable to regular mutual funds. However, there are key differences to consider when deciding which type of investment is right for you. Variable life insurance offers a death benefit and cash value component that may be attractive to certain investors, while regular mutual funds do not. Furthermore, variable life insurance policies may offer benefits such as guaranteed minimum death benefit, cash values that are guaranteed to never go lower than the premium paid in, potential tax advantages, and the potential for higher returns than expected depending on the investment performance.
How does my Gloucester variable life insurance policy handle loan interest?
Variable life insurance in Gloucester, MA offers policy holders the option to take out a loan against its cash value. The interest due on such loan is not distributed to the policyholder or investor; instead, it accrues and is added to the balance of the loan. This interest is deducted from the policyholder's death benefit or cash surrender value in the event of their death or policy surrender respectively. Additionally, any interest that is unpaid is taxed as ordinary income, adding to the overall cost of the loan.
Do I get dividends from my Gloucester variable life insurance company?
Depending on which investments you choose, you may receive dividends from a variable life insurance policy in Gloucester, MA. In order to receive these dividends, you must select investments that feature dividend-paying options, including stocks, bonds, and select funds. To ensure you are making the most informed decision for you and your family, it would be wise to speak with a financial advisor in the Gloucester area. They can assess your individual needs and advise on appropriate investments. Ultimately, dividends from investments within a variable life insurance policy can help you reach your long-term financial goals.
Compare Gloucester, MA 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