Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Newberry, SC 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 Newberry, SC. 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 Newberry, SC.
Frequent Questions...
A variable life insurance policy in Newberry, SC usually comprises a savings vehicle, investment options, and a death benefit. The savings vehicle provides a financial pool which is then divided among various investments, such as stock, mutual funds, and exchange-traded funds. Your performance is tied to the invested funds, and this variability of your policy's value requires you to actively review it in order to stay up-to-date on the performance and any changes. Your death benefit is the additional protection that guarantees the amount assured to your beneficiary when you pass away.
Can I cancel my policy after getting variable life insurance quotes in Newberry?
Yes, you can cancel your variable life insurance policy in Newberry, SC. However, you should keep in mind that every life insurance company has its own policy when it comes to the cancellation of a policy. Most companies will allow you to cancel the policy before it has reached the end of its term or when premiums can no longer be paid. Make sure to contact the life insurance company in Newberry to find out their specific cancellation policy. You may also need to fill out a form to formally request to cancel the policy.
What are the tax aspects of a variable life insurance policy Newberry?
In Newberry, SC, the tax implications of variable life insurance depend on various factors. Generally, the premiums paid for variable life insurance are not deductible from taxes. However, the gains or losses from investments you make within a variable life insurance policy are subject to taxes. Also, any withdrawals made from the gains of your investments within the policy are subject to taxes as well. On the other hand, any withdrawals you make while you are the policy holder are typically exempted from taxes. In addition, if the policyholder were to pass away, any death benefit for the beneficiaries is not taxable.
Do I need to understand investments for variable life insurance near Newberry?
No, you do not need to be an investment expert to purchase variable life insurance in Newberry, SC, or anywhere else. In fact, many life insurance companies that operate in South Carolina have agents and other professionals who can provide guidance and advice to help you find the perfect policy for your needs and budget. These professionals can help ensure that you understand the options and how they may work with other investments. Ultimately, your decision to purchase variable life insurance should take into account your current financial situation and risk tolerance. Working with a knowledgeable professional will help you determine the best fit for your finances.
How does a variable life insurance quote Newberry handle dividends?
Dividends received from variable life insurance policies in Newberry, SC are typically added to the cash-value portion of the policy, and can be withdrawn or used to purchase additional policy benefits as selected by the policyholder. Withdrawing dividends will reduce the cash-value balance and decrease the death benefit. It is important to speak with a qualified licensed professional to discuss the best use of the dividends received to ensure that the policyholder's needs are being met.
In Newberry, SC, death benefits can vary depending on the performance of the investment. Generally speaking, death benefits are typically linked to the returns of the investment in which the benefit is held, though some investments also provide flexibility of death benefit payouts. With some investments, the death benefit is minimized or eliminated based on the extent to which the investment does not perform as predicted. Conversely, with certain types of investments the death benefit value may potentially increase with the investment's performance.
How does cash value growth influence death benefit with variable life insurance policies near Newberry?
In Newberry, SC, variable life insurance provides an opportunity to not only protect yourself and your loved ones with a guaranteed death benefit, but also the potential to grow the cash value of the policy through investments. The cash value growth does impact the death benefit in that it increases the amount the beneficiaries will receive. Any gains from the policy's investment options can translate into more money for the beneficiaries after the policyholder's passing.
How regularly should I check my variable life insurance in Newberry?
In Newberry, SC, we recommend that policy owners review their variable life insurance policy at least once a year. Doing so helps to ensure that the policy’s coverage is still in line with its owner’s current financial needs. It is also important to review the policy’s values and fees, as these are subject to change according to market trends. Additionally, as your financial goals and personal life needs change, it is vital to ensure that the policy remains a right fit.
How liquid is the cash value of my Newberry variable life insurance policy?
Throughout Newberry, SC, the cash value of a variable life insurance policy is highly liquid since it is directly tied to the performance of underlying investments, such as stocks and bonds. Unlike other types of life insurance policies, cash from the policy can be withdrawn at any time, offered as a loan, or used to make payments or purchases. However, note that withdrawals, loans, and payments may reduce the policy’s cash value and death benefit, increase the risk of the policy lapsing, and may have tax implications.
Can I convert from term life insurance with a Newberry variable life insurance company?
Absolutely you may decide to convert your term life insurance to variable life insurance in Newberry, SC. There are local insurance providers and specialist advisors available in the area who can help guide you through the process. Converting to variable life insurance can offer many advantages, including a potential for higher returns, greater flexibility, and an estate planning option. The team of experts at a local life insurance agency can guide you through the process to help you determine if this is the right choice for you and your family.
Compare Newberry, SC 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