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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 North Canton, OH. 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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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 North Canton, OH.
Frequent Questions...
Variable life insurance is a permanent life insurance coverage product offered in North Canton, OH that allows the policyholder to invest a portion of their premium payment into separate accounts—either an equity fund or an account tied to a stock index. Investment performance coupled with a death benefit give variable life insurance policyholders the potential for tax-deferred growth. By having the opportunity to grow their investments in North Canton, OH, policyholders have the ability to use their cash value for retirement income, cover lifestyle expenses, and leave a legacy to heirs.
Do variable life insurance quotes in North Canton come with a cash surrender value?
Yes, variable life insurance policies certainly have a cash surrender value when bought in North Canton, OH. The value of the policy will depend on the current market rate, plus any dividends, gains, and/or losses that have been added to your account since purchase. It is important to note that policyholders must wait for a certain period of time before they can cash out their policy and will have to pay surrender charges if they decide to do so before this predetermined amount of time.
How does the cash value work for a variable life insurance policy North Canton?
In North Canton, OH, variable life insurance typically has a cash value component, where part of your premium is allocated to a separate cash account. This account grows on a tax-deferred basis, which means that you will not pay taxes on the gains until you make a withdrawal. Withdrawals from the account will reduce the death benefit of the policy. While the variable life policy has the potential to provide a higher death benefit than other types of life insurance, there is also an associated risk of loss to the policyholder depending on the performance of the underlying investments.
How transparent is the investment performance of variable life insurance near North Canton?
In North Canton, OH, variable life insurance provides investors with an opportunity to realize transparent investment performance. The insurer ensures that customers are able to track all their investments and see a full picture of where their money is going. In addition, the insurer provides customers with clear and easily accessible reports of their investments for review. Anyone investing in variable life insurance in North Canton, OH will have the ability to track of their investments performance.
What are the surrender fees for a variable life insurance quote North Canton?
Surrender charges for variable life insurance will vary depending on the type and provider of the policy, as well as the location of the policy holder. In North Canton, OH, the surrender charges for variable life insurance policies can be quite high, reaching up to 5% or 6% of the amount held in the policy during the first five to seven years. Most policies also come with a charge of about 2% for any policy you want to surrender or cash out before the contract period ends.
Fund transfers within North Canton, OH, are subject to certain limitations and restrictions. According to the policy, all fund transfers must be for legitimate transactions, and it is prohibited to transfer funds to certain prohibited countries, and to certain types of accounts with terrorist links. Additionally, there may be limits on the number of times each individual or entity can transfer money, and those limits may change depending on the amount of money involved in each transfer. It is essential to review the policy carefully to ensure compliant fund transfers.
How does cash value growth influence death benefit with variable life insurance policies near North Canton?
Variable life insurance policies are popular in North Canton, OH because they offer an opportunity for policyholders to benefit from any cash value growth as well as receiving a death benefit upon the passing of the insured. Cash value growth will increase the death benefit since the death benefit is tied to the policy's account value. When the cash value grows, the death benefit can increase as well, giving the policyholder the assurance that their beneficiaries are receiving the full benefit in the event of their death.
How can I monitor performance of my variable life insurance in North Canton?
To track the performance of your variable life insurance in North Canton, OH, you can access the Investment Performance Report online through your insurance company's website. This report may be found under the investments section of the website and will allow you to see the performance of your investments in terms of growth, such as performance over a period of time and dividends paid. Other resources such as the MorningStar Research service and the IRS Publication 550 may also be helpful in tracking the performance of your investments.
How does my North Canton variable life insurance policy handle loan interest?
In North Canton, OH, the policy loan interest for variable life insurance is treated as a deduction under Internal Revenue Service (IRS) rules. It is important to note that this deduction can only occur if the policy loan isn't subject to repayment within a certain timeframe. Furthermore, the policy loan must have been taken out for the purpose of covering premiums and other associated expenses. Failure to repay the policy loan within the set timeframe may require the cancellation of insurance policy coverage. It is important to review the insurance plan carefully to avoid any missed payment or tax penalties.
What's the typical duration of terms with a North Canton variable life insurance company?
Generally speaking, the duration of a variable life insurance policy depends on the insurer. However, in North Canton, OH, policyholders often have a choice of a 5, 10, 15, or 20-year term plan. Additionally, policyholders can convert their term life policy into a permanent policy such as a whole life plan after the term has expired. With a permanent policy, coverage could last a lifetime depending on the type of permanent policy chosen and the frequency of policy premiums.
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