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With PolicyHub you get to compare over 37 Lakewood, NJ Variable Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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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 Lakewood, NJ. 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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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 Lakewood, NJ.
Frequent Questions...
Variable life insurance, which is available in Lakewood, NJ, is whole life insurance with an investment element. This type of insurance allows policyholders to invest in different mutual fund options within the policy itself, and lets them diversify their investments while also receiving tax-deferred savings. This type of insurance features both a death benefit and an investment component, providing more flexibility than traditional permanent life insurance products. Variable life insurance also lets policyholders manage their own investments, making it an attractive option for those who differ from traditional investing.
Can I use my variable life insurance quotes in Lakewood as collateral?
Yes, you can use variable life insurance as collateral for a loan in Lakewood, NJ. All you need to do is provide a copy of your policy and its cash value to the financial institution you are applying for the loan with. Be sure to confirm how much the loan is worth and any additional requirements. The institution may also require more detailed information from you, such as financial statements or credit history. Depending on the loan and its purpose, other forms of collateral may also be necessary.
How does the cash value work for a variable life insurance policy Lakewood?
Depending on the policy, the cash value component in variable life insurance policies can work differently in Lakewood, NJ. Generally, the cash value component allows policyholders to accumulate funds on a tax-deferred basis that can provide additional coverage, fund retirement, or serve other purposes. Policyholders have the ability to control their investments and choose the funds in which they want to invest their cash value. In some cases, policyholders may be able to cancel or change their policy at any time to access their cash value.
Do I need to understand investments for variable life insurance near Lakewood?
In Lakewood, NJ, you do not need to have investment-savvy knowledge in order to purchase variable life insurance. Whether you're a beginner or an expert in investing, you can purchase variable life insurance without worrying about it requiring special investment knowledge. However, it's important to understand that variable life insurance does have some built-in investments that can be adjusted, and it's important to evaluate the risks and benefits of these investments with the help of an experienced insurance professional.
Is there a minimum guaranteed return with a variable life insurance quote Lakewood?
Variable life insurance in Lakewood, NJ does not offer a minimum guaranteed return, as the return of your policy varies depending on the market performance of the underlying sub-accounts. In other words, its performance relies solely on the financial markets and fluctuations in these markets could result in a yield or loss on your investment. However, policy owners in Lakewood, NJ may be eligible for certain guarantees such as guaranteed death benefit and income tax deferral of deferred gains.
Yes, there are limitations on fund transfers within the policy in Lakewood, New Jersey. As an example, the City of Lakewood does have an ordinance pertaining to the right to transfer funds. This ordinance states that fund transfers may only occur when provided for in the Cityโs annual budget or when authorized by ordinance adopted by the City Council. Therefore, any fund transfers that are not included in the budget and not authorized by the City Council are not permitted. Additionally, there are often limitations and restrictions imposed by the Cityโs banking relationships that may also limit fund transfers.
How does cash value growth influence death benefit with variable life insurance policies near Lakewood?
In Lakewood, NJ, the cash value growth of a variable life insurance policy can affect the death benefit in several ways. As the cash value of the life insurance policy grows, the death benefit of the policy will increase with it as premium payments are made. Additionally, the cash value can be used to pay the premiums due, so the death benefit is never affected by policy lapsing due to lack of premium payments. The cash value will also provide guaranteed death benefit protection if it surpasses certain levels, providing policy owners in Lakewood, NJ with additional protection.
Does all variable life insurance in Lakewood offer the same investments?
No, not all variable life insurance policies offer the same investment options. When it comes to variable life insurance policies in Lakewood, NJ, it is important to research the policy and its options for investing to ensure you are selecting the right one for your individual needs. When you work with a trusted insurance provider in Lakewood, they can use their expertise to provide you with the best options for investing your premiums. The best policy for you may depend on the type and amount of risk you are comfortable with, and the agent should provide you with options ranging from conservative to aggressive to meet your needs.
Is the cash value in my Lakewood variable life insurance policy safe from creditors?
In Lakewood, NJ, the cash value in variable life insurance policies is protected from creditors. This is because federal law recognizes that a life insurance policy is a contract between an insured and the insurance company. This is not property the insured can transfer to a third-party, so creditors cannot seize the assets from it. This is a common law protection, and it is usually included in most states. In addition, some states even provide an additional shield against creditor claims by allowing policyholders to designate insured persons to be irrevocable beneficiaries.
How do loans affect death benefits with my Lakewood variable life insurance company?
Policy loans from variable life insurance can impact the death benefit of policyholders in Lakewood, NJ, in several ways. A policy loan generally reduces the policy's death benefit, unless the loan is HDI (a special type of loan that does not affect the death benefit). Interest also accrues on the loan, and if the loan is not paid off in full by the time of the policyholder's death, the remaining balance due plus accrued interest is subtracted from the death benefit. This reduces the amount the beneficiaries will receive.
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