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With PolicyHub you get to compare over 37 Merrick, NY 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 Merrick, NY. 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 Merrick, NY.
Frequent Questions...
Variable Life Insurance is a type of permanent life insurance that allows policyholders the ability to grow their policy's cash value over time by investing in professionally managed investment accounts. The policyholder has the ability to choose which of these accounts to allocate their funds and can also transfer money from one account to another. For Merrick, NY residents, variable life insurance may provide a way to save for retirement, with many of these account investments being tax-deferred. This type of insurance also provides policyholders with coverage until age 121 in most cases, making it a viable long-term option.
Can I use my variable life insurance quotes in Merrick as collateral?
Yes, you can use variable life insurance as collateral for a loan in Merrick, NY. Generally, this type of insurance has a reasonable amount of cash value, which can be loaned against if you're looking to secure additional funds. Additionally, because variable life insurance is permanent, you can continue to use the same policy as collateral, renewing the loan as your policy's cash value appreciate over time.
How does the cash value work for a variable life insurance policy Merrick?
Variable life insurance is extremely beneficial to those living in Merrick, NY, giving policyholders the ability to access the cash value component of their policy during their lifetime. This cash value can be used for various purposes, such as supplemental retirement income, to cover college tuition for your children, or a down payment on a house. Furthermore, depending on the type of variable life insurance that is owned, the cash value may accumulate on a tax-deferred basis while offering potential death benefit protection.
How transparent is the investment performance of variable life insurance near Merrick?
Merrick, NY financial advisors who specialize in variable life insurance are committed to providing an incredibly transparent investment performance review. They can provide you with easily-digestible data outlining the past performance of certain types of investments, as well as an extensive analysis of the many different options available. They'll also give you recommendations about how to best invest your money, based on your personal financial goals. You can rest assured knowing you have the most up-to-date knowledge about investment performance and the security of your funds.
Is there a minimum guaranteed return with a variable life insurance quote Merrick?
Variable life insurance policies in Merrick, NY offer policyholders a range of investment options that can provide several avenues for financial growth potential. While there is no guaranteed return on investment with variable life insurance, the wide-ranging investment options available can provide excellent earning potential over a period of time. Ultimately, the return on investment depends on the policyholder's selection of funds and their performance in the financial markets.
The death benefit associated with an investment in Merrick, NY will depend on its performance. Generally, the higher the performance, the higher the death benefit; however, an effective strategic approach to investing must be taken in order for success. An experienced and knowledgeable financial advisor can help investors in Merrick assess risk, determine a suitable investment strategy, and optimize the death benefit associated with an investment. It is also important to have a clear understanding of the investment portfolio and how market conditions can potentially affect investment performance.
How does cash value growth influence death benefit with variable life insurance policies near Merrick?
For residents of Merrick, NY, cash value growth in variable life insurance can significantly enhance their death benefit. As the cash value grows, a portion of the death benefit can be paid tax-free to beneficiaries. This can help make the death benefit more meaningful for those left behind, allowing them to cover medical bills, educational expenses, or other such needs. Additionally, the remaining death benefit can provide a financial foundation that can last for generations to come. Ultimately, variable life insurance can be a valuable tool for Merrick's residents in planning for future security and financial stability.
Does all variable life insurance in Merrick offer the same investments?
No, not all variable life insurance policies offer the same investment options depending on the provider, there can be significant differences in terms of what options are available. For instance, if you live in Merrick, NY, you may find that some companies provide access to a wide selection of local investments, such as stocks in local small businesses or real estate options in the region. Alternatively, another provider may offer more general investments, such as bonds or mutual funds offered by international companies.
Is the cash value in my Merrick variable life insurance policy safe from creditors?
Merrick, NY residents can rest assured that the cash value in their variable life insurance policies is protected from creditors in most cases. A federal law known as the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) states that assets held in a qualified life insurance policy are protected in the event of a bankruptcy proceeding. Furthermore, the state of New York has its own state laws that provide additional protection to policyholders. Generally, a creditor cannot attempt to liquidate the cash value of an insurance policy as a means of satisfying a debt.
Do I get dividends from my Merrick variable life insurance company?
It depends on the type of investments you make within your Merrick, NY variable life insurance policy. Generally, if you invest in stocks, bonds, mutual funds, or other equity-based investments, you will receive dividends. Those dividends may be automatically reinvested into the investment, or they may be paid out to you as cash. However, if you invest in a fixed investment, such as a certificate of deposit, you will not receive dividends. You may receive interest payments on a regular basis, but those payments will not be considered dividends.
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