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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 Lindenhurst, IL. 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
Variable Life Insurance agent
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 Lindenhurst, IL.
Frequent Questions...
In Lindenhurst, IL, the premiums for variable life insurance depend on the performance of the investments within the policy. Generally, policyholders will choose from a variety of separate investment accounts. Depending on the performance of the investments selected, the premiums for the policy can then either increase or decrease. Should the account performance decline, policyholders may have to pay higher premiums while experiencing a decrease in death benefit or cash value. These changes turn variable life insurance policies into an ever-changing insurance product.
With variable life insurance quotes in Lindenhurst, how is the beneficiary impacted by investment performance?
Investment performance in Lindenhurst, IL can have a significant impact on beneficiaries. A good investment performance may result in major financial gains, allowing beneficiaries to reap the benefits of long-term savings and financial security. Conversely, a poor investment performance could reduce the value of assets and put beneficiaries at risk of running short of funds for immediate expenses. Ultimately, the outcome of investment performance can have a major effect on the financial situation of beneficiaries in Lindenhurst, IL, requiring them to reassess their goals and adjust future plans accordingly.
What are the tax aspects of a variable life insurance policy Lindenhurst?
Depending on your location, the tax implications of variable life insurance can vary. For residents of Lindenhurst, IL, the policy proceeds and cash value are generally free from federal income taxes, and premiums may be tax deductible up to a certain level. However, when cash value is removed through withdrawals or loans, both federal and state taxes may apply to that portion. The state tax rate varies, so it is best to contact a qualified tax professional to discuss the specifics of your situation.
What fees are there with variable life insurance near Lindenhurst?
Variable life insurance plan fees in Lindenhurst, IL will depend on the policy and provider. Generally, variable life insurance involves fees such as a mortality and expense charge, administrative fees and fund management costs. Additionally, if you elect to take a surrender charge, there may also be a surrender charge when you cash out on the policy. All of the fees and other considerations should be discussed with a financial advisor prior to purchasing any variable life insurance product in Lindenhurst, IL.
How does a variable life insurance quote Lindenhurst handle dividends?
Variable life insurance policies that are issued in Lindenhurst, IL feature both mortality costs and dividends. Any dividends are based upon the policy's cash value and the premiums paid. The dividends can remain within the policy to increase the death benefit, be used to purchase additional coverage, be used to reduce premiums, or be taken out as cash. If chosen, the cash dividends option provides policyholders with a financial benefit to supplement current income or an investment portfolio.
In Lindenhurst, IL, certain age restrictions do apply for purchasing a variable life insurance policy that are determined by the specific policy guidelines. Generally, the minimum age for buying this type of policy is 18 years of age, and many policies will cover people up to the age of 85. It is also important to remember that most policies are limited-pay ones, so the age when the policy is paid in full will vary from policy to policy as well. Therefore, it is important to understand the specific restrictions for each particular policy before committing to purchase it.
Can I upgrade variable life insurance policies near Lindenhurst to another policy type?
Yes, you can upgrade your variable life insurance to another type of policy, depending on your needs. In Lindenhurst, IL, you can contact our team of experienced agents for help selecting the right policy to suit you. We offer a wide variety of options, from individual and group life insurance plans to medical and disability coverage. Our specialist agents can assess your goals and timeline to find out which type of policy best meets your requirements. We take the time to understand your motivations and determine the best solution, so that you can rest assured that your life, health and finances are protected.
Can I change investment options for variable life insurance in Lindenhurst without tax effects?
Individuals living in Lindenhurst, IL who are looking to switch between investment options without impacting their tax situation can consult the professionals at a local tax advisor. As an experienced and knowledgeable team, they will be up to date on the most current investment regulations and will be able to determine the best course of action without incurring any tax implications. Additionally, by working with a local specialist, they can be assured of expert advice that is tailored to individual needs while affording peace of mind that their investments are in the best possible hands.
Can I use my Lindenhurst variable life insurance policy for retirement savings?
Yes, variable life insurance can be used by residents of Lindenhurst, IL as a retirement saving vehicle. Variable life insurance is a form of permanent life insurance, which provides beneficiaries with financial protection in the form of a death benefit along with the potential to accumulate cash value. Insurance companies offer the flexibility to reallocate funds within the policy to either increase the death benefit or build cash value, depending on the needs of the policyowner.
Do I get dividends from my Lindenhurst variable life insurance company?
It depends on your individual policy and how you've chosen to invest your funds. Generally speaking, if you have a variable life insurance policy in Lindenhurst, IL, and you have invested in products that are eligible for dividends, such as stocks, mutual funds, and exchange-traded funds, then you may be eligible to receive dividends.However, since dividends are not guaranteed and depend upon the performance of the investments, you should consult your insurance provider to learn more about the details of your specific policy and what dividends you may receive.
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