Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Lima, OH 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 Lima, OH. 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 Lima, OH.
Frequent Questions...
A variable life insurance policy in Lima, Ohio is composed of various elements designed to provide coverage and financial protection for the policyholder. It includes an accumulating account for contributions made to the policy, investment options for assets to be allocated to the policy, and beneficiary provision for the policyholder's loved ones. In addition, the policy allows for policyholders to update or modify their policy during its duration to meet their changing needs. These components provide flexibility and an extra layer of protection for Lima residents looking for life insurance coverage.
Can I cancel my policy after getting variable life insurance quotes in Lima?
Yes, depending on your life insurance provider, you may be able to cancel your variable life insurance policy in Lima, OH. It is best to contact your insurance provider for more specific instructions on the process of canceling. Generally, there are certain rules that must be followed to void the policy and your provider may require certain types of documentation. If you have already paid premiums and no longer want the coverage, you may be able to receive a refund for the premiums paid. In addition, your provider will likely provide guidance on how to transfer the policy to another beneficiary, if applicable.
Can I withdraw or borrow from a variable life insurance policy Lima?
In Lima, OH, the answer to the question of whether you can withdraw or borrow cash from your variable life insurance policy is yes, but with qualifications. Depending on your individual policy, you may be able to make withdrawals or take out loans from the cash value of your policy. However, taking loans or withdrawals could impact your coverage and reduce the death benefit of your policy. You should consult a financial professional to ensure that you understand all of the potential impacts prior to making any withdrawals from your life insurance policy.
Is there a death benefit guarantee with variable life insurance near Lima?
In Lima, OH, the death benefit of a variable life insurance policy is not guaranteed. The death benefit varies based on the performance of the investment portfolio and the amount of money the insured has deposited into the policy. The company providing the policy will determine the final coverage amount, based on the insured's contributions and the performance of the investments. Variable life insurance policies are unique in that they allow policyholders to diversify their investments, gain access to higher potential returns, and enjoy benefits like cash value build-up and tax-deferred growth.
What happens if my variable life insurance quote Lima underperforms?
If your chosen investments perform poorly, it's important to look for local resources in Lima, OH that can help you make a plan to adjust your investments and set yourself up with a more sustainable financial future. Working with a financial advisor or investing in a financial education program could be good first steps — or even trying to gain more knowledge on how to better diversify your portfolio. Ultimately, it's important to assess your current financial plan and see what areas need to be restructured to mitigate additional losses.
In Lima, Ohio, the age requirements for purchasing variable life insurance vary by company. Generally, you must be at least 18years old to buy variable life insurance, while some insurers will require you to be at least 21years of age to purchase the policy. It's important to check with any potential insurer to understand their specific age requirements for purchasing variable life insurance. Additionally, age can impact the availability and cost of coverage, so it's important to weigh all of your options carefully before making a decision.
Can I upgrade variable life insurance policies near Lima to another policy type?
In Lima, OH, upgrading your variable life insurance policy is possible, but it depends on what type of policy you currently have. You could look into converting it to a more comprehensive and permanent life insurance policy, such as whole life insurance. To do this, your current policy must be not more than five years old, so keep that in mind. Another option is to purchase a new life insurance policy to supplement your existing one. Talk to an experienced life insurance agent in Lima, OH about the various options available.
Does all variable life insurance in Lima offer the same investments?
No, variable life insurance policies do not generally offer the same investment options. The investment options available to holders of variable life insurance policies vary depending on the location of the policy holder. In Lima, OH, for example, variable life insurance policies typically offer a range of investment options, such as stocks, bonds, mutual funds, ETFs, real estate acquisitions, and more. Depending on an individual's preferences, they could look for variable life insurance policies that offer an array of investment vehicles if they live in Lima, OH.
Can I use my Lima variable life insurance policy for retirement savings?
Yes, variable life insurance can be used as a retirement savings vehicle in Lima, OH. Variable life insurance policies are composed of two basic parts: insurance benefits and an investment component, offering policyholders control and security over their retirement savings. When these policies are properly constructed, policyholders can benefit from diverse investments such as stocks, bonds, money market accounts and mutual funds. Policyholders can also take advantage of tax-advantaged opportunities to save towards retirement. Moreover, variable life insurance provides a death benefit, ensuring that the policyholder's loved ones are financially secure in the event of their passing.
What's the typical duration of terms with a Lima variable life insurance company?
In Lima, Ohio, the typical duration of a variable life insurance policy is determined by the policyholder and their insurance provider. Variable life insurance policies allow the policyholder to adjust the amount of coverage over the length of their term based on changing life circumstances and investment opportunities. Typically, variable life insurance policies can be renewed or extended and can last anywhere from one to thirty years. The policyholder and insurance provider should assess the policyholder's specific life circumstances and develop a plan together to best meet their individual needs and budget.
Compare Lima, OH 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