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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 Lake Tapps, WA. 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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Mark Sidway
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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 Lake Tapps, WA.
Frequent Questions...
Variable life insurance is an insurance policy that provides long-term coverage for Lake Tapps, WA residents with potential for policyholders to invest their policy premiums to enhance their coverage and/or grow their retirement funds. Depending on a person's individual circumstances, variable life insurance can provide valuable cash value buildup and living benefits. It offers a flexible way to create and design a policy to maximize tax deductions, estate planning and transferring of assets to heirs. With variable life insurance, policyholders have the opportunity to fine-tune their essential life insurance coverage to meet their individual needs.
With variable life insurance quotes in Lake Tapps, how is the beneficiary impacted by investment performance?
The beneficiary of an investment performance in Lake Tapps, WA can be affected in a number of ways. The overall rate of return is an important factor that will determine the financial gain or loss experienced by the beneficiary. Beyond that, the level of risk associated with the investment and the time horizon required to maximize the potential return should also be taken into consideration. If chosen correctly, the investments in this area can be beneficial to the beneficiary and provide them with a steady stream of income.
What are the tax aspects of a variable life insurance policy Lake Tapps?
People living in Lake Tapps, WA should be aware that variable life insurance has tax implications depending on their specific situation. Generally, the money deposited into variable life insurance is not subject to income tax. However, money that is withdrawn from variable life insurance accounts is typically subject to taxes, since it is considered to be a form of income for the policyholder. Additionally, any money that the policyholder accumulates through investment profits will also be taxed upon withdrawal. It's important to speak with a tax advisor for more information on the exact tax implications associated with variable life insurance.
How often can I modify my investments in variable life insurance near Lake Tapps?
Depending on the policy, investors in Lake Tapps, WA may have the ability to change their investment choices with variable life insurance on an annual basis. Some policies allow for loan repayment and withdrawals at any time, while others may allow changes more frequently, such as on a quarterly or monthly basis. It is important to review the policy carefully to understand how often changes are allowed. Furthermore, it is critical to speak with a knowledgeable insurance advisor to make sure that the changes are permissible and that their financial goals are in line with the funds chosen.
Is there a minimum guaranteed return with a variable life insurance quote Lake Tapps?
Variable life insurance policies provide no minimum guaranteed return and are subject to market fluctuations, so the potential return on your investment may be far greater or much lower than expected. In Lake Tapps, WA the potential benefits of buying a variable life insurance policy are that you can customize your coverage to best fit your needs and aim to potentially reap higher earning rewards over the long-term. The riskier nature of these policies encourages savers to diversify their investments, helping to protect them should the market decline, while striving to reach greater heights when the market increases.
Variable life insurance is suitable for short-term coverage needs in Lake Tapps, WA, because it offers policyholders the flexibility to adjust their premiums and death benefits according to their circumstances. This product works well for those who may need temporary coverage to cover debts or family members, yet also provides ongoing protection against a wide range of unexpected events. Additionally, variable life insurance can provide significant returns on cash value—over the life of the contract policyholders can even outpace what traditional investment strategies may offer.
How does cash value growth influence death benefit with variable life insurance policies near Lake Tapps?
Variable life insurance offers a death benefit that grows in cash value and can act as a supplementary source of income for your designated beneficiary in Lake Tapps, WA. Due to the cash value growth, these policies will typically provide a larger death benefit than traditional life insurance. The cash value may be used to finance larger purchases than you could make with a traditional policy, such as college tuition or a home purchase. Premiums paid into a variable life policy also may be used to purchase mutual fund shares, which helps the death benefit increase and provide even greater protection and financial security for your beneficiary.
Can I change investment options for variable life insurance in Lake Tapps without tax effects?
In Lake Tapps, WA, you can switch between investment options without tax implications, as long as you observe the guidelines and regulations as set by the state. Generally speaking, if you are making a switch within the same type of asset (for example, Mutual Fund A to Mutual Fund B), and you are doing so within the same suitability class (for example, stocks to stocks), then no tax implications will apply.
How liquid is the cash value of my Lake Tapps variable life insurance policy?
The cash value of a variable life insurance policy in Lake Tapps, WA depends on the specific policy, but generally those policies can be quite liquid. In other words, cash can be withdrawn from the policy with minimal restrictions, making it an attractive option for policyholders in need of funds. Furthermore, variable life insurance policies offer more complex forms of investment than traditional policies, allowing policyholders in Lake Tapps, WA to take advantage of a range of investment strategies. Therefore, the cash value of a variable life insurance policy can often be liquid, secure, and flexible.
How do loans affect death benefits with my Lake Tapps variable life insurance company?
Policy loans from variable life insurance taken out in Lake Tapps, WA can have an impact on death benefits. These policy loans will typically reduce the amount of the death benefit, as the life insurance company will deduct the loan’s outstanding principal plus any current accrued interest from the death benefit amount. Additionally, these loans with variable interest rates typically have much higher rates than are available from traditional lenders, meaning any outstanding loans taken may end up costing the policy owner more in the long run.
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