Variable Life Insurance in Huntington, NY

Are the premiums for variable life insurance Huntington fixed?

At Huntington, NY based Prime Insurance we understand that variable life insurance premiums are not necessarily fixed. The premiums you pay for your variable life insurance will depend on the policy you choose and the cash value of your policy. At Prime Insurance, our agents are experts in helping you determine the best policy and payment options to meet your unique needs and budget. We are happy to meet with you in person and help you navigate the array of variables available for variable life insurance. Our knowledgeable agents will work diligently to make sure you have the widest selection of policies and premiums to choose from.

Do variable life insurance quotes in Huntington come with a cash surrender value?

Yes, variable life insurance policies offer cash surrender values in Huntington, NY, and nationwide. Variable life insurance allows the policyholder to allocate premiums to an account where it gains interest. This interest is used to build a cash surrender value that can be accessed if needed. It's important to note that the surrender value may be less than the total amount of premiums paid. If the policy is surrendered for cash value, it will irrevocably terminate and no death benefit will be paid. Thus, it is important to consider all the implications before making the decision to surrender a variable life insurance policy.

With a variable life insurance policy Huntington, can I decide where my premiums are invested?

Yes, you can choose where your premiums are invested with variable life insurance at Huntington, NY. Huntington offers several investment options, catering to a range of risk levels. You can work with a Huntington representative to find the best option for your individual needs and goals. The choices range from increasing potential returns with greater levels of risk, to providing moderate growth with minimal risk. Additionally, you can review or change your investments any time, to make sure you’re on track for your goals.

How often can I modify my investments in variable life insurance near Huntington?

At Huntington, NY, you have the flexibility to change your investment choices with variable life insurance as often as you'd like--provided the changes are made within the established guidelines and limitations of your policy. You may even be able to take advantage of changing market conditions to make shifts in your insurance investments that may help you reach your financial goals faster. It is important to contact your financial advisor to discuss the best approach to capitalize on the market for your variable life insurance policy.

Is there a minimum guaranteed return with a variable life insurance quote Huntington?

Variable Life Insurance offered through Huntington, NY offers the possibility of premium growth but does not guarantee a minimum return. Life insurance is not an investment, so its primary purpose is to provide a financial safety net to families when the policyholder passes away. That being said, there are many ways to save or invest money on a variable life insurance policy, such as the death benefit, cash value, dividends, and bonuses, that could potentially be used to ensure that policyholders achieve certain financial goals.

How does the death benefit change with investment results in Huntington variable life insurance companies?

At Huntington, NY, the death benefit on an investment can vary depending on the performance of the investment. The performance of the investment affects the amount of money that is paid out upon the death of its owner or beneficiary. The death benefit is determined by the value of the investment at the time of death. If the investment performs well shortly before the owner's death, the benefit may grow substantially. If it performs poorly shortly before the owner's death, the benefit may decrease significantly, resulting in a lower overall benefit to the beneficiary.

Can I upgrade variable life insurance policies near Huntington to another policy type?

Absolutely! At Huntington Insurance in New York, we understand that you may want to change your life insurance policy to better suit your needs. Whether it’s to upgrade from a variable life policy to a different policy like a Universal Life, Variable Universal Life, or Whole Life policy, our knowledgeable team of agents can help you navigate through your many options to pick the one that’s right for you. Call us today to learn more.

Are management fees for variable life insurance in Huntington similar to mutual funds?

When it comes to management fees for variable life insurance, Huntington, NY has plenty of options to meet your financial requirements. Financial institutions in Huntington provide an overall lower management-fee option for life insurance policies, making it comparable to, if not lower than, traditional mutual fund fees. The available fees depend upon the type of life insurance you choose and the institution you select. Your best option when it comes to finding a life insurance policy is to compare and contrast different fees and policies from the various Huntington institutions.

How liquid is the cash value of my Huntington variable life insurance policy?

In Huntington, NY, many variable life insurance policies provide flexible cash value that can be taken out as loans and other forms of withdrawals. Typically, these policies offer higher growth potentials than traditional insurance policies. When seeking a loan, the cash value is liquidated and the loan is repaid with interest. Withdrawals from the policy are also liquid, though they come with tax consequences and may result in policy lapse or termination.

Do I get dividends from my Huntington variable life insurance company?

At Huntington, NY, you may be eligible for dividends from your variable life insurance investments depending on certain criteria. Generally, variable life insurance policies state that you can receive investment income from the policy's sub-accounts, including interest, dividends and/or capital gains. Depending on the specific policy you have, you may be able to receive these dividends directly or you may need to transfer them to other accounts per the policy terms and conditions. To better understand what options may be available to you, please contact your Huntington, NY insurance professional for further details.