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Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Magna, 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 Magna, 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
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 Magna, UT.
Frequent Questions...
Variable Life Insurance in Magna, UT is a unique form of life insurance that differs from other policies in that its cash value grows over time. Put simply, policyholders can invest a percentage of their life insurance premiums into subaccounts, rather than merely have it deposited into the life insurance company. This yields potential growth over time, making Variable Life Insurance a powerful tool for those looking for growth and protection. Additionally, users of Variable Life Insurance retain the flexibility to adjust their policy precisely to their needs, so over time they can strategically budget and invest in their desired level of cover.
Can I use my variable life insurance quotes in Magna as collateral?
In Magna, UT, it is possible to use variable life insurance as collateral for a loan. The policy can be used to obtain a loan from many different lenders, allowing borrowers to use the insurance in exchange for a loan. While many people opt to use cash as collateral, variable life insurance can provide a layer of security should the situation arise where the borrower is unable to repay the loan. Borrowers should research lenders in their local area to determine if variable life insurance is an applicable and accepted form of loan collateral.
With a variable life insurance policy Magna, can I decide where my premiums are invested?
Yes, if you are looking for a life insurance policy in Magna, UT, variable life insurance can offer you the flexibility to choose where your premiums are invested. With variable life insurance, the policyholder is able to choose between approved investment options, which include stocks, bonds, mutual funds, and more. Professional investment advisors in Magna, UT can help you make the best decisions for your portfolio and say within your financial goals. Variable life insurance gives you the ability to create a portfolio that has the potential for growth, keeping in mind the associated risks.
Do I need to understand investments for variable life insurance near Magna?
No, you do not need to be investment-savvy to purchase variable life insurance. However, it is beneficial if you are familiar with the investment process as variable life insurance products allow you to put your premium towards investments chosen by you. In Magna, UT, you can find specialized financial advisors who can answer questions about variable life insurance and provide guidance on the best investment strategies. It is important to make sure you research the investments that are available and understand all the potential risks.
Is there a minimum guaranteed return with a variable life insurance quote Magna?
Magna, UT residents looking for guaranteed returns from their variable life insurance policy may be pleased to hear that the returns are generally competitive with current fixed-income investments. Variable life insurance typically offers an index-linked return tied to an underlying index such as the S&P 500 and can offer beneficiaries a certain percentage of potential growth based on the index’s performance over a specific period of time.
Yes, each insurance provider has their own age restrictions when it comes to purchasing variable life insurance. Magna, UT residents need to be age 18 or over in order to purchase variable life insurance. It's important to take into account the different laws and regulations that dictate what may be available for purchase depending on the state. Furthermore, it's important to explore the various policies offered to ensure you find one that best fits your individual needs. In Magna, UT, the average age restriction is set between 18-67 years old.
How does cash value growth influence death benefit with variable life insurance policies near Magna?
Cash value growth in variable life insurance can have an impact on death benefits in Magna, UT by providing a growing foundation of funds that can be used to pay out the death benefit in the event of the policyholder's untimely death. In addition to the death benefit, the cash value growth can provide other benefits, such as supplemental income or retirement planning. As the cash value grows, it can be used to purchase and fund additional life insurance policies that can benefit the policyholder's family members.
How regularly should I check my variable life insurance in Magna?
Residents of Magna, UT should review their variable life insurance policy at least annually. This will allow policyholders to stay informed about their coverage and the changes that might have taken place in the past year. Additionally, reviewing the policy at least once a year can help policyholders make any adjustments as needed such as updating beneficiaries and adjusting the death benefit to better fit their current needs. By regularly reviewing the policy, people in Magna, UT can determine if their variable life insurance policy is providing the financial protection they desire.
How liquid is the cash value of my Magna variable life insurance policy?
For residents of Magna, UT, the cash value of a variable life insurance policy is highly liquid and accessible. Premiums paid are partially redistributed as an in-kind return in your policy, which adds to the policy's cash value. This cash value is invested in your choice of a variety of investment options, and it serves as a portion of the death benefit. Funds are easily accessible and can be withdrawn or borrowed at any time.
How do loans affect death benefits with my Magna variable life insurance company?
Policy loans from variable life insurance can have a significant impact on the death benefit of an individual in Magna, UT. Depending on the terms of the loan, if the money is not paid back when the individual passes away, the death benefit of the policy may be reduced. Additionally, unpaid interest charges may be added to the owed balance, further reducing the death benefit. If a policyholder fails to make payments on the loan, the insurer may be able to increase the premiums or take other steps to make sure that the money is paid back.
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