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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 Newington, VA. 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
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Mark Sidway
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Mark Sidway is a Variable Life Insurance agent licensed in your state.
Cale Reeves
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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 Newington, VA.
Frequent Questions...
Variable life insurance is an insurance policy that allows the policyholder in Newington, VA to allocate a portion of their premiums towards stocks, bonds, and other investments that vary in value. If the investments perform well, the policyholder will earn extra money, however if the investments don't perform as expected, the death benefit or cash value of the policy may decrease. Variable life insurance can offer policyholders more potential for financial growth, but also brings more risk and can be used as an alternative strategy for financial planning.
With variable life insurance quotes in Newington, how is the beneficiary impacted by investment performance?
Newington, VA residents who are beneficiaries of an investment performance can expect positive effects related to the growth in wealth, as well as increased access to resources. Additionally, this could help to provide additional financial security and stability, allowing beneficiaries to make more informed decisions about their future. These investments may also grant beneficiaries access to educational and job opportunities that they may have otherwise been unable to access. Ultimately, investments can provide newfound life opportunities that can lead to a greater quality of life.
What are the tax aspects of a variable life insurance policy Newington?
In Newington, VA, the tax implications of variable life insurance depend greatly on where the money is invested. Generally, earnings and dividends produced by the variable life insurance investments are not subject to taxation until they are withdrawn or otherwise realized. Any withdrawals made before age 59 and half may incur a 10 percent penalty fee, as well as other taxes. Different rules apply to gifts and transfers made with variable life insurance, so it's important to contact a qualified tax advisor for further guidance on these matters.
How often can I modify my investments in variable life insurance near Newington?
In Newington, VA, policyholders are typically allowed to change their investment choices with variable life insurance annually. However, it's important to be mindful of company deadlines and time frames to make these changes in a timely manner. Other restrictions and fees may apply, and those details can be found in your policy's terms and conditions, which can easily be requested from your insurance provider. It's always best to reach out to them beforehand to discuss your options and determine if variable life insurance is right for you and your unique goals.
How does a variable life insurance quote Newington handle dividends?
In Newington, VA, variable life insurance offers a tax-deferred growth potential where policyholders can invest in a range of investment options with different risk profiles. The policy's value fluctuates depending on the performance of your investments. All dividends and distributions in this policy are invested back into the policy to purchase additional units, allowing you to enjoy compounding growth of capital inside the policy. Any dividends or other distributions are treated as tax-exempt unless you withdraw more than the cumulative premiums you have paid into the policy.
In Newington, Virginia, variable life insurance provides many benefits to policyholders. Firstly, these policies offer access to a variety of investment options, enabling policyholders to choose the investments they want to make with their life insurance premiums. Additionally, variable life insurance policies offer flexible premium payment options, making them more affordable for policyholders. Furthermore, variable life insurance policies often have a death benefit that can increase with market performance, allowing policyholders to gain potentially greater financial protection for their beneficiaries after death.
Can I direct specific investment strategies for variable life insurance policies near Newington?
In Newington, VA, policyholders can have a say in their cash value investments, but ultimately it is up to the discretion of the insurance company to determine what is available to invest in. Generally speaking, insurance companies use their expertise to allocate the cash value according to a variety of available investments and diversify the portfolio for maximum growth and return. Policyholders may suggest specific investments to the insurance company, however it is ultimately the insurance company's decision as to the investments made on behalf of the policyholder.
Can I change investment options for variable life insurance in Newington without tax effects?
Absolutely! In Newington, VA, residents have the ability to switch between investment options, so long as they follow the stipulations set out by the Internal Revenue Service (IRS). According to the IRS, any capital gains resulting from switching between investment options will be taxable on the individual's federal tax return. However, individuals are subject to sliding scale rates so they may be eligible for lower taxes in some cases, such as when long-term capital gains are realized.
Is my Newington variable life insurance policy considered permanent life insurance?
Yes, variable life insurance is a type of permanent life insurance. This insurance offers policyholders in Newington, VA and all over the country the opportunity to vary the value of investments within their policy. With a variable life insurance policy, the policyholder can increase or decrease coverage levels based on their investments. The policyholder also has the opportunity to select from an extensive array of investment options in order to create their own unique portfolio. This flexibility in the policy allows policyholders to manage their own investments and to potentially remain covered for their entire life.
Does my Newington variable life insurance company offer a grace period for premium payments?
Yes! In Newington, VA, customers can enjoy a grace period for premium payments on variable life insurance policies. This grace period is usually thirty days from the billing date or the end of the month, depending on the particular policy. During this period, the policy remains in force and customers can make payments on the account without incurring a lapse. However, if the premium payment is not received by the end of the grace period, the policy will lapse and the prior coverage will no longer be in effect.
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