Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Hoffman Estates, IL 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 Hoffman Estates, IL. 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 Hoffman Estates, IL.
Frequent Questions...
Variable life insurance policies in Hoffman Estates, IL are a type of life insurance policy that offer policyholders flexibility and access to the potential for greater returns on the cash value. Unlike other life insurance policies, the policyholder's cash balance is invested in a variety of separate investment subaccounts that they can choose to allocate funds to based on their financial goals. That allows the policyholder to customize their insurance policy's performance based on the idea that one can potentially earn greater returns with a variable life insurance policy than with other policies providing greater flexibility.
Can I use my variable life insurance quotes in Hoffman Estates as collateral?
In Hoffman Estates, IL, it is possible to use variable life insurance as collateral for a loan. Life insurance policies are valuable assets that banks will accept as collateral, provided the policy owner has the proper documentation. It is important to remember that borrowers should be aware of the terms of the loan contract prior to using life insurance as collateral, since they may be putting the life insurance policy at risk if payments are not made. Additionally, lenders should be aware of the various fees and payments associated with the loan, as well as any potential prepayment penalties.
What potential risks are there with a variable life insurance policy Hoffman Estates?
Potential risks associated with variable life insurance in Hoffman Estates, IL include investment risk, the possibility of outliving your coverage term, and the chance that the value of your policy may not be sufficient to meet your financial needs. Additionally, premium payments may increase faster than anticipated if you make large withdrawals from the policy or if the underlying investments do not perform as expected. Lastly, you could be subject to high costs from surrender fees and administrative charges. Therefore, it is important to weigh the risks and ensure that you are specific with setting your goals and understanding the potential consequences when considering variable life insurance.
Do I need to understand investments for variable life insurance near Hoffman Estates?
Purchasing variable life insurance in Hoffman Estates, IL does not require you to be investment-savvy. However, it's important to understand the details and expectations that come with this policy type. Variable life insurance creates a death benefit and an investment component. You select the investment options and how much to allocate to each, so having a good grasp of your goals and available investments is important. An experienced financial expert in Hoffman Estates, IL can help you understand the details and potential outcomes of variable life insurance before committing to a policy.
Can I include riders in my variable life insurance quote Hoffman Estates?
Yes, you can add riders to your variable life insurance policy if you're based in Hoffman Estates, IL. Depending on the insurance provider, different riders may be available, such as accidental death and living needs benefits. These riders add to the protection provided by the policy for additional peace of mind. Some riders may also include features such as long-term care protection, which can help cover the costs of assisted living services if needed. To get started, reach out to a financial or insurance advisor in Hoffman Estates to review your variable life insurance policy and the riders that can be added.
Residents of Hoffman Estates, IL can enjoy a variety of benefits with variable life insurance. Variable life insurance allows policyholders to allocate their funds into specific investment options, such as stocks, bonds, and money market accounts. This allows policyholders to customize the portfolio of their policy funds and benefit from the performance of the investments. Additionally, variable life insurance can include a death benefit that will pay out income tax free, providing further protection for the family of the policyholder should something happen.
Can I upgrade variable life insurance policies near Hoffman Estates to another policy type?
Absolutely! At our Hoffman Estates, IL office, we offer a wide range of life insurance policies, and are happy to assist you with upgrading from your current variable life insurance policy to another policy best suited to your needs. Our team of experts will be happy to go over all the available options with you, provide you with detailed information about each policy, and assist you in selecting the best one for you. We additionally offer insurance reviews so, if you already have a policy, we can help you evaluate whether it is still right for you.
How regularly should I check my variable life insurance in Hoffman Estates?
In Hoffman Estates, IL it is recommended that you review your variable life insurance policy at least every two years or upon any major life change such as marriage, childbirth, a change in income, etc. Furthermore, you should check to see if your policy is up-to-date and accurately reflects your current needs. By regularly reviewing your policy, you will ensure that your insurance is sufficient to provide the financial protection your loved ones need.
Is the cash value in my Hoffman Estates variable life insurance policy safe from creditors?
Yes, the cash value in variable life insurance is generally protected from creditors in Hoffman Estates, IL. This protection is provided by Illinois debtor protection laws, which state that any money placed into life insurance policies or deferred annuities cannot be seized by creditors. Keep in mind that the cash value of your variable life insurance policy could be subject to estate taxes, though these will vary depending on your exact situation. It is also important to note that these state laws may not apply in the event of a federal tax lien or certain other cases.
Can I convert from term life insurance with a Hoffman Estates variable life insurance company?
Yes, you can convert your term life insurance to variable life insurance in Hoffman Estates, IL. It is important to seek the advice of an experienced, licensed life insurance agent to understand any potential risks. Be sure to consider factors such as changing taxes,distribution options, and the ability to add additional riders or policy features, as well as any benefits potentially lost. Once you complete the conversion, the life insurance will be changed to a taxable variable/variable universal life product and you will have access to the insurance company's underlying investment options.
Compare Hoffman Estates, IL 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