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With PolicyHub you get to compare over 37 Lehi, UT 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 Lehi, UT. 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 Lehi, UT.
Frequent Questions...
Variable life insurance is a form of permanent life insurance that offers policyholders the flexibility to design their own policy and portfolio components. This type of insurance is particularly relevant for those living in Lehi, UT, as they have the ability to choose how much coverage they need, and where to invest their money. Variable life insurance offers many advantages, allowing policyholders to not just plan for their needs today, but also for those of their loved ones in the future. The cash value of the policy also has the potential to grow tax free if invested wisely.
Can I use my variable life insurance quotes in Lehi as collateral?
In Lehi, UT, it is possible to use variable life insurance policies as collateral for loans. However, it is important to note that when doing so, the lender will become the beneficiary of the policy and the death benefits will go to the lender when the insured passes away. It is important to understand the implications of this before deciding to use variable life insurance as collateral. It is also beneficial to consult a financial advisor to ensure the decisions you make are the most beneficial for you in the long-run.
What are the tax aspects of a variable life insurance policy Lehi?
Depending on where you live, such as Lehi in Utah, the tax implications of variable life insurance can vary greatly. Generally, the premiums paid on a variable life insurance policy are not tax-deductible. In addition, you may be subject to taxes on investment income, with the taxation determined by your marginal tax rate, which are levied only when distributions are taken, or from cash build-up within the policy, which can possibley exceed the cost basis. Any taxation on death benefit payments to beneficiaries may also be levied depending on the policy provisions.
How transparent is the investment performance of variable life insurance near Lehi?
Transparency is a core component of the variable life insurance policies offered in Lehi, UT. Our team takes great pride in providing full disclosure of our investment performance to our customers. Every piece of information about the performance of any specific investment can be found on our website and our customer service team is always available to answer any additional questions. Our commitment to transparency helps our customers make informed decisions about their investments in variable life insurance.
Can I include riders in my variable life insurance quote Lehi?
Yes, you can add riders to your variable life insurance policy in Lehi, UT. Certain riders provide additional protection, allowing you to increase the death benefit amount, or to add features such as long-term care, disability, and guaranteed insurability. You can also opt for an accelerated death benefit rider to provide access a portion of the death benefit while you are still alive, which can be helpful if a serious illness were to occur. It is important to speak to a knowledgeable representative in order to understand the variety of riders available and decide which may be most beneficial to you.
Variable life insurance provides a great benefit to Lehi, UT residents; it helps protect their financial future. Variable life insurance is designed to provide long term security and financial stability while allowing policyholders to build a cash value that can be used for later in life. On top of that, policyholders are able to save on taxes, as policyholders will get a tax free death benefit that will help compensate for lost wages, medical costs, and other applicable costs. Finally, it helps provide financial protection for loved ones in case of death or disability, giving them peace of mind.
Can I direct specific investment strategies for variable life insurance policies near Lehi?
Generally speaking, the policyholder cannot dictate specific investment strategies for the cash value in Lehi, UT. While policyholders can make some general election decisions, they primarily rely on the insurer's expertise in effectively investing and managing their funds. Ultimately, the responsibility of investment strategy is up to the insurance provider, and they have a fiduciary responsibility to make sure that the policyholder’s money is invested in the most appropriate way based on their current and future needs.
Are management fees for variable life insurance in Lehi similar to mutual funds?
The management fees for variable life insurance can vary, but, like in mutual funds, management fees tend to be higher with higher balances. However, policyholders in Lehi, UT benefit from having in-state resources to assist them in finding low-cost options that can help keep month-to-month expenses low. If you're not sure how to compare fees, a local insurance professional can explain the differences and help you assess the best option for you. They'll consider your situation, budget, needs, and goals to arrive at coverage and fees that are suitable for you.
How does my Lehi variable life insurance policy handle loan interest?
In Lehi, UT, the policy loan interest on a variable life insurance policy is typically treated as part of the policyholder's contract value and is subject to the same subaccount allocations as the other funds in the policy. Policyholders borrow from their own policy's value to pay premium obligations or for other financial purposes, and the interest on the loan is generally charged at a current applicable interest rate. Additionally, the policy loan interest charges may be deducted from the policyholder's cash value or death benefit prior to the death benefit being paid out.
What's the typical duration of terms with a Lehi variable life insurance company?
Depending on the individual's needs, the typical duration of a variable life insurance policy in Lehi, UT is usually for 10-30 years. This type of policy is designed to provide a policyholder with flexibility and protection to accommodate their changing life circumstances and provide them with life insurance coverage for an extended period of time. Variable life insurance can also provide the added benefit of tax-deferred growth, death benefit protection, and potentially a cash value for the policyholder.
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