Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Markham, IL 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 Markham, 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.
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 Markham, IL.
Frequent Questions...
Variable life insurance is a type of life insurance policy that offers a death benefit and investment elements with variable value, depending on the performance of the underlying investments. This type of policy is typically offered in the form of a mutual fund which gives policyholders the potential to develop a more competitive rate of return. Variable life insurance is available in Markham, IL and is a great option for individuals looking for a changeable policy that offers protection and investment opportunities. Variable life insurance policies generally offer policyholders the opportunity to invest in many different financial securities including stocks, bonds, and other investment vehicles.
Can I use my variable life insurance quotes in Markham as collateral?
In Markham, IL, while variable life insurance can be used as collateral for a loan, the particular lender would need to approve of the policy's terms and conditions for it to be acceptable. Since many variable life insurance policies require contributions to the account, it's important for the lender to consider the amount of money going into the policy and the risk potential involved. Additionally, they may require a policy change so that it satisfies their lending agreement. For more information on loan constructions and conditions, it's best to speak to a qualified financial advisor near Markham, IL.
What are the tax aspects of a variable life insurance policy Markham?
The tax implications of a variable life insurance policy vary depending on the location. In Markham, Illinois, the life insurance policy is treated as income and can be subject to federal and state taxes. Additionally, any gains realized from the policy are also subject to taxation. If money is taken out of the policy, the distributions are generally taxed as ordinary income. Finally, any interest earned, dividends, or distributions can be subject to capital gains taxes. It is important to consult a tax professional to make sure you are aware of all the current tax regulations regarding your particular policy.
How often can I modify my investments in variable life insurance near Markham?
In Markham, IL, you can change your investment choices with a variable life insurance policy as often as you like to ensure your investments match your financial goals. However, you should be mindful of certain tax regulations that may be applicable to your policy. You should talk to a qualified professional to assess the tax implications of changing your investment choices. It's also important to remember that variable life insurance policies are subject to market fluctuations, so be mindful of your overall financial situation and take the time to understand the policy terms before making changes.
How does a variable life insurance quote Markham handle dividends?
Dividends from variable life insurance policies can be reinvested within the policy or received as cash payments in the Markham, IL, area. The dividend usually accumulates on a tax-deferred basis and can be used to increase the policy's death benefit, purchase additional paid-up life insurance, or reduce the premiums on the policy. In some cases, policy owners may choose to take the dividends as cash to use in the short-term, although this carries risks, because the policy's overall cash value and death benefit can decrease if dividend payments are withdrawn.
Yes, there are restrictions that apply to the transfer of funds within the policy for Markham, IL. Depending on the type of financial service you are using, the rules and limitations to the maximum amount you can transfer may vary. For example, if you use a financial service such as a savings or checking account, transfers may only be made within certain limits that are set by federal and state laws. You should consult with your financial institution to fully understand their transfer policy and to ensure that your transfers remain within the limits.
Can I direct specific investment strategies for variable life insurance policies near Markham?
In Markham, IL policyholders cannot typically dictate specific investment strategies for the cash value. However, many insurance companies in the area offer a range of investment options that allow the policyholder to customize investment choices and risk levels to meet their goals and timelines. Additionally, the policyholder can talk to the insurance broker or agent for assistance in designing an investment strategy that best meets the policyholder’s goals and objectives. The policyholder can also consider enlisting a qualified financial planner to help design an investment plan within the insurance policy.
How can I monitor performance of my variable life insurance in Markham?
In Markham, IL and across the country, one of the best ways to track the investment performance of your variable life insurance is to use a financial advisor or a quality online financial service. An experienced financial advisor will be able to provide insights into your financial options and recommend strategies that will help you maximize your return on investments. Online financial services offer extensive data on investment performance, allowing you to compare different strategies and make informed decisions regarding your variable life insurance.
Is the cash value in my Markham variable life insurance policy safe from creditors?
In Markham, IL, the cash value of your variable life insurance may be protected from creditors. The state of Illinois provides exemption statutes which state that payments or benefits from an annuity or life insurance contract may be considered “exempt from all debts of the owner or annuitant”. Therefore, depending on the scope of the contract, your cash value may be safe from creditors in the case of insolvency.
How do loans affect death benefits with my Markham variable life insurance company?
Policy loans from variable life insurance policies in Markham, IL can impact the death benefit of the policy in a variety of ways. If a policyholder opts to obtain a loan against their policy and fails to make the payments, it will reduce the death benefit as it will be reduced by the amount of the loan plus interest due. However, if the policyholder dies before the loan is fully repaid, the loan will be deducted from the death benefit and the remainder will be paid out to the policy's beneficiaries.
Compare Markham, IL 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