Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Mundelein, 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 Mundelein, 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 Mundelein, IL.
Frequent Questions...
Variable life insurance policies in Mundelein, IL differ from other life insurance policies because not only do they pay a death benefit but they also allow policy holders to invest a portion of their premiums into sub-accounts with tax-deferred growth potential. Variable life insurance products provide the opportunity to allocate premiums over a wide range of investment sub-accounts, such as stocks, bonds, and mutual funds. This means that policyholders have the potential to build greater wealth than policies with fixed cash values.
Are there early withdrawal penalties for variable life insurance quotes in Mundelein?
In Mundelein, IL there may be penalties for early withdrawal from the cash value, depending on the type of policy and the specifics of the situation. Depending on the policy, withdrawing funds early might incur a higher interest rate or taxable penalty. It is important to consult with a licensed professional in the region, as regulations may vary to some extent from county to county. Some policies may have additional options for early withdrawals such as reducing death benefits or taking a loan rather than a withdrawal. If you have any additional questions, it is best to seek out the advice of an experienced financial or insurance adviser.
What are the tax aspects of a variable life insurance policy Mundelein?
Variable life insurance is a type of life insurance policy that includes a savings component, and the specific tax implications vary depending on the circumstances. For Mundelein, IL residents, the primary implication is that taxes will be due on any gains when the policy is cashed in. The policy money is considered to be taxable income based on sales of products or investments in the policy and associated dividends, if any. Mundelein, IL residents should also be aware that the policy itself may have certain tax implications, such as the possibility of deductible premiums.
Is there a death benefit guarantee with variable life insurance near Mundelein?
Variable life insurance policies can provide death benefits, however, they are not guaranteed. This means that if the policy holder dies, beneficiaries may receive anywhere from 100% of the policy face value to nothing at all. In Mundelein, IL, you may find several insurance companies that offer variable life insurance policies. Before deciding on a policy, it's important to weigh the risks and decide if this type of policy is right for you and your family.
Is there a minimum guaranteed return with a variable life insurance quote Mundelein?
Variable life insurance policies in Mundelein, IL typically do not guarantee a minimum return, but they may offer a death benefit to your beneficiaries should you pass away. While variable policies are by nature risky investments, the returns tend to be higher than what traditional life insurance policies offer because the money you contribute is invested among several types of securities. As with any investment decision, it is important to evaluate the potential risks and rewards of variable life insurance policies and understand the marketplace before making a decision.
There are no hard and fast age restrictions to buy variable life insurance in Mundelein, IL; however, most insurers will not issue a policy to an applicant under the age of 18. Also, some companies may limit the coverage you can purchase based on your age. It's best to check the specific requirements of the insurer, as they may vary depending on your location, to determine the age restrictions that apply to you.
Can I upgrade variable life insurance policies near Mundelein to another policy type?
Yes, you can upgrade your variable life insurance policy to another type of policy in Mundelein, IL. At Quotacy, we work with clients to find the right type of life insurance coverage that best meets their needs, whether that is a term policy, whole life, variable universal, or universal life policy. We understand that as your needs change, the type of policy you need to purchase can change as well. We can serve as your guide to make sure you find the policy that fits your evolving needs and provide you the peace of mind knowing you and your family are properly protected.
How regularly should I check my variable life insurance in Mundelein?
To ensure your variable life insurance policy is still your best financial fit, it's recommend to review it every two years, and especially when any life changes (such as marriage, divorce, children, job change, etc.) occur. You may also want to consider speaking with a certified insurance specialist in Mundelein, IL who specializes in variable life insurance policies. They can give you insight on policy terms and provide guidance on the future needs of your family and whether or not this policy is still your best option.
Can I use my Mundelein variable life insurance policy for retirement savings?
Yes, variable life insurance can be used as a retirement savings vehicle for Mundelein, IL residents. Variable life insurance is a type of life insurance that has an investment component. Money is invested in sub-accounts that are similar to mutual funds, and the gains from these accounts can provide a tax-deferred source of retirement income. Taxes are not paid on any gains or investments until the policy is surrendered or the death benefit is paid out. Many Mundelein, IL residents have used variable life insurance products to supplement their retirement income and to help secure their financial future.
Does my Mundelein variable life insurance company offer a grace period for premium payments?
Yes, in certain cases a grace period for premium payments may be available for variable life insurance policies in Mundelein, IL. This depends on the particular policy and the insurer, so it's important to review your specific policy documents and speak to your insurance agent to understand any potential grace period options. Generally speaking, any grace period on premium payments is typically limited to 30 days from the date dues payment is due; however, this may vary by insurer and policy type. Ultimately, it's best to get a full understanding of all the details and requirements prior to relying on a grace period for payments.
Compare Mundelein, 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