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Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Newport News, VA Variable Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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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 Newport News, 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
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 Newport News, VA.
Frequent Questions...
Yes, the premiums for variable life insurance can be fixed in Newport News, VA. When you purchase a variable life insurance policy, you are offered options for payment of the premium, which can be monthly, quarterly, semi-annual, or annual. Your premium payments can also be fixed or flexible depending on your financial situation. If your money situation is stable and you plan to keep the policy for an extended period of time, you can choose to pay the premiums on a fixed-rate basis. Alternatively, you may elect to have your premiums fluctuate based on the progress of your investments.
Can I cancel my policy after getting variable life insurance quotes in Newport News?
In Newport News, VA, you have the right to cancel a variable life insurance policy if you decide it is no longer a suitable fit for your needs. Your ability to cancel depends on the specific policy and regulations, so you should reach out to your insurance provider for details. Depending on the cancellation policies in effect, it may be possible to cancel your policy online or by phone as well as to obtain a refund of any premiums you have already paid.
What are the tax aspects of a variable life insurance policy Newport News?
The tax implications of variable life insurance policies vary depending on the situation and can be complicated. For residents of Newport News, VA, it is essential to seek the assistance of an experienced tax professional to ensure that their individual tax situation complies with all local, state, and federal laws. Typically, policyholders will not pay taxes either when they contribute premiums to a variable life insurance policy or withdraw funds. However, policyholders are required to pay taxes on any income generated from the investments made within the policy. In addition, there may be tax considerations when surrendering the policy and/or receiving benefits.
What fees are there with variable life insurance near Newport News?
The fees associated with variable life insurance depend on a number of factors and vary depending on a policyholder's location. In Newport News, VA, the variable life insurance fees tend to be in line with national averages, and may include an upfront administrative fee, as well as costs associated with underwriting, processing, and managing investments associated with the policy. Additional fees such as death benefit charges and mortality and expense risk charges may also apply. It's important to compare fees and policies before deciding which variable life insurance option is best for you.
What are the surrender fees for a variable life insurance quote Newport News?
Surrender charges for variable life insurance policies can vary greatly depending on the chosen policy, its age, and the company/provider. However, in Newport News, Virginia, typically surrender fees range from 0-10% of the total surrender amount. This fee is taken out of your account if you decide to cash out of your policy before the full term has been satisfied. Surrender charges also decrease over time with most policies and after a certain period have been reached surrenders are no longer fees or charges.
Variable life insurance may be a suitable option for short-term coverage needs in Newport News, VA. It provides the flexibility for policyholders to adjust their coverage to changing needs, provide death benefits, and potentially accumulate cash values. Variable life insurance is also a great way to leave something behind for loved ones in the event of an untimely death. It is ultimately up to the policy holder to decide whether it is suitable for the intended coverage needs, and speaking with an experienced life insurance agent can help in determining what works best for your unique situation.
Can I direct specific investment strategies for variable life insurance policies near Newport News?
In Newport News, VA, given the current insurance regulations, the policyholder is generally restricted from dictating specific investment strategies for the cash value. It is up to each insurance company to decide which strategies are best and allowed under the law. Some companies offer different safe-harbor strategies such as fixed annuities or protection from holdings to help protect the policyholder’s interests. Therefore, the policyholder should carefully consider the different options available to them before making any decisions.
How regularly should I check my variable life insurance in Newport News?
To ensure your variable life insurance policy continues to provide the protection you need, it is important to review it annually. Depending on your specific needs and any changes to your financial picture, you may need to review your policy more frequently. If you're located in Newport News, VA, I recommend consulting a qualified financial advisor or visiting the local Social Security office for personalized advice. Doing so will enable you to determine exactly how often you should review your policy and also ensure that any changes you make to it fit your individual needs.
Is my Newport News variable life insurance policy considered permanent life insurance?
Variable life insurance is a form of permanent life insurance that is often sought out by those living in the Newport News, Virginia area. While it shares many similarities with other types of permanent life insurance, variable life insurance stands out as an attractive policy for several reasons. The primary appeal of variable life insurance is that it allows policyholders to customize their insurance plan to fit their specific needs and financial goals.
How do loans affect death benefits with my Newport News variable life insurance company?
Policy loans from variable life insurance in Newport News, VA can impact the death benefit in a variety of ways. For starters, policy loans typically reduce the policy owner's account value, meaning that the death benefit is lower as a result. Also, when a policy loan is not repaid, the life insurance company usually uses the unpaid balance to reduce the death benefit. Therefore, policy owners should be mindful of how frequently they borrow against their policies and of what they can reasonably afford to pay back.
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