Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Mokena, 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 Mokena, 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 Mokena, IL.
Frequent Questions...
Individuals in Mokena, IL who are looking to plan for long-term financial security, safeguard their loved ones, and take advantage of potentially favorable tax treatment may want to consider purchasing variable life insurance. This type of insurance offers the option of selecting how to invest the policy's cash value. This could potentially provide more flexible tax benefits that can be passed to a beneficiary at death. Variable life is a great option for those in Mokena, IL who want the benefit of life insurance with the potential for long-term financial growth.
Can I use my variable life insurance quotes in Mokena as collateral?
In Mokena, IL, it is possible to use a variable life insurance policy as collateral for a loan. However, you should ensure you understand the risks associated with a variable life policy, as the potential of losing your principal and the cash values is always a possibility. Additionally, when using the policy as collateral, you must make sure the payments are current or the policy will be surrendered, which can lead to the creditor taking the cash value of the policy as payment. Itβs important to speak to a financial advisor to ensure you understand all of the details before taking this route.
What potential risks are there with a variable life insurance policy Mokena?
Living in the Mokena, IL area, the potential risks associated with a variable life insurance policy include fluctuating investments values, policy loopholes, and changing terms and conditions. Variable life insurance policies are different from term, whole, and universal policies in that they are directly linked to how the investments perform in the stock market. This means that the individual whose life is insured is assuming the risk for the investment, and if the investments decrease in value, the value of the policy may also decrease.
Is there a death benefit guarantee with variable life insurance near Mokena?
In Mokena, IL, there is no guaranteed death benefit with variable life insurance. However, the policy owner will receive the cash value of the policy at death appointed by the owner, which is based on the performance of the funds selected and how those investments have performed. With variable life insurance, it is possible to access the cash value of the policy at any time, which has the potential to increase. The death benefit is based on the amount of investments in the policy, so that death benefit can increase or decrease dependant on the performance of the investments.
Can I include riders in my variable life insurance quote Mokena?
Yes, you can add riders to your variable life insurance policy in Mokena, IL. This can give you the extra coverage you may need and allow you to customize your policy to meet your unique needs. Typical riders that you can add to your variable life insurance policy in Mokena, IL are accelerated death benefit riders, waiver of premium riders, and additional coverage riders. Your insurance agent can explain your options and help you choose the riders that make the most sense for you and your family. Many riders are relatively affordable and can provide extra peace of mind and protection.
Variable life insurance provides an array of advantages in Mokena, IL. It offers flexibility in how you structure and customize your death benefit and gives you access to various account options including stocks, bonds, and mutual funds. Additionally, variable life insurance may be a better option in some cases compared to other types of life insurance since it is generally more affordable and offers the possibility of tax-advantaged growth. Variable life insurance may also offer living benefits, such as access to funds upon diagnosis of a terminal illness, as well as the comfort of receiving a death benefit when it is needed the most.
Can I direct specific investment strategies for variable life insurance policies near Mokena?
The policyholder typically does not have the ability to dictate specific investment strategies for the cash value in an insurance policy purchased in Mokena, IL. Instead, the policyholder selects a policy that provides various options based on their individual needs. Generally, a policyholder can choose from a range of assets they are comfortable managing, and these may be invested in mutual funds, stocks, bonds, or other instruments. Insurance providers in Mokena, IL may offer additional guidance to the policyholder when investing the available cash value.
Can I change investment options for variable life insurance in Mokena without tax effects?
In Mokena, IL, you can switch between investment options without any tax implications as long as these are qualified retirement investments under section 401(a) of the Internal Revenue Code. However, it's important to remember that there may be other costs associated with switching investments, such as fees and commissions. Additionally, keep in mind that not all investments are covered under this tax treatment, so ask your financial advisor for the specifics of your particular situation.
Is my Mokena variable life insurance policy considered permanent life insurance?
Variable life insurance is a type of permanent life insurance available in Mokena, IL that offers flexible protection and investing options through the purchase of subaccounts, also known as investment funds. This gives policyholders the opportunity to increase their cash value and diversify their investments in the stock market with the aim of reaching financial goals while providing access to death benefits for beneficiaries. Variable life insurance is the right choice for policyholders in Mokena, IL who are looking for financial planning and investment options to expand their portfolio and help reach their long-term goals.
What's the typical duration of terms with a Mokena variable life insurance company?
Variable life insurance policies can vary in duration depending on the specific policy, and the needs and preferences of the policyholder. Generally, in Mokena, IL a variable life insurance policy would run for a 20 to 30 year period with a death benefit in the event of the policyholder's passing. While many policies are renewable, some may also have end dates which require the policyholder to review their policy regularly and determine whether they wish to continue their coverage.
Compare Mokena, 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