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With PolicyHub you get to compare over 37 Newark, NJ Variable Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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Over 37 policy provider comparison.
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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
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Tell us about yourself.
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Step 2
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Discuss your options with a licensed insurance agent. Compare plans to find the best policy & cheapest rates.
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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 Newark, NJ. 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.
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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 Newark, NJ.
Frequent Questions...
Variable life insurance premiums are determined by the value of your investments, meaning they are not fixed. In Newark, NJ, insurance premiums should be regularly evaluated to ensure you're paying the rate that reflects the real value of your investments. Variable life insurance policies often allow insureds to make up any change in premium payment deficit out of their own income. Additionally, it is important to speak with a qualified insurance provider in Newark to ensure the variable life insurance works best for you. It is always wise to shop around when purchasing an insurance policy, as different companies may offer more competitive rates.
Can I use my variable life insurance quotes in Newark as collateral?
In Newark, NJ, variable life insurance is generally not accepted as collateral for a loan. Some lenders may be more willing to accept it, however, it is recommended to check with the lender ahead of time to ensure that variable life insurance will be considered as collateral. Additionally, be sure to discuss the risks associated with variable life insurance with your lender and the potential fluctuations in value that may make it an unreliable source of collateral for a loan.
With a variable life insurance policy Newark, can I decide where my premiums are invested?
Yes, you can choose where your premiums are invested with variable life insurance. In Newark, NJ, policyholders have the flexibility to select from a variety of different investment options offered by the insurer for their variable life insurance coverage. Whether you prefer low-risk investments or more ambitious strategies, you'll likely find the right choice for you among the available alternatives. Just keep in mind that your rates and returns will depend on the type of investments you make, so it’s important to understand the risks and benefits of each before making your decision.
How often can I modify my investments in variable life insurance near Newark?
In Newark, NJ, variable life insurance policyholders typically have the flexibility to change their investment choices as often as they choose. However, insurance companies generally impose limits on how often these changes can be made. Depending on the specific policy, policyholders may have anywhere from one to four options for changing their investments each year. Additionally, certain regulations may apply if more than one advisor is used when changing the investments. Ultimately, it's best to have a conversation with your life insurance provider to determine the frequency with which investments in a variable life insurance policy can be changed.
Can I include riders in my variable life insurance quote Newark?
Yes, you can add riders to your variable life insurance policy in Newark, NJ. You can customize your policy for specific needs such as accelerated death benefit riders, long term care riders, and chronic illness riders. Adding riders to your policy can be beneficial depending on your situation, so it's important to discuss all of your options with a qualified insurance professional who is knowledgeable about the state of New Jersey. Your insurance professional can explain how riders can be tailored to your individual needs and help you determine if the benefit is something that would be an advantage to you and your family.
In Newark, NJ, the prevalent age restrictions for purchasing variable life insurance depend on the provider, but generally it's 18 and up. It's important to note, though, that applicants over the age of 65 may find their premiums and policy options restricted as companies usually do not provide coverage to those of that age. Ultimately, the age restrictions for purchasing variable life insurance vary per provider, but it's best to consult with a qualified counselor prior to making a purchase to ensure you are eligible.
Can I direct specific investment strategies for variable life insurance policies near Newark?
The policyholder residing in Newark, NJ may be able to dictate specific investment strategies for the cash value, depending on the specific policy they have purchased and their insurer’s regulations. Typically, policyholders are limited to the insurer’s options and cannot choose their own individual investment vehicles. Should the particular policy allow for a certain level of customization, it’s important to note that the riskier the investments are, the more volatile the cash value amount will be.
How regularly should I check my variable life insurance in Newark?
As a resident of Newark, NJ, it is important to regularly review your variable life insurance policy in order to ensure that your coverage remains adequate. Making sure you know the ins-and-outs of your policy is crucial, and you should review your policy at least annually. It is also important to stay up-to-date on any changes in state and/or federal laws that might impact your policy. Your local insurance provider can advise you of any updated requirements that you may need to meet in order to remain compliant.
Can I use my Newark variable life insurance policy for retirement savings?
Yes, variable life insurance can be used as a retirement savings vehicle in Newark, NJ. Many insurance providers in the area offer competitive rates on variable life insurance policies. Not only will it provide valuable death benefits, it can also provide a secure retirement savings vehicle for Newark residents, as the cash value of the policy can be invested in sub-accounts to benefit from potential market opportunities. Variable life insurance also has tax-deferred capabilities and can provide liquidity beyond the coverage death benefits for Newark residents seeking to supplement retirement savings in a secure manner.
What's the typical duration of terms with a Newark variable life insurance company?
Variable life insurance policies in Newark, NJ can have a duration that ranges from 10 years up to a lifetime depending on the needs of the policyholder. Workplace policies may only be for a set period while private policies can often be renewed indefinitely. Many policies allow a policyholder to use the coverage as a form of income in later life by setting up a steady stream of payments over a certain period. It's important to consult with a local insurance agent or broker to understand the specific terms and conditions of each policy and to find a policy that best suits your individual needs.
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