Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Oak Lawn, IL 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 Oak Lawn, IL. 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 Oak Lawn, IL.
Frequent Questions...
Variable Life Insurance Policies differ from other types of life insurance policies in that they offer more flexibility and potential investment options. In Oak Lawn, IL, Variable Life Insurance gives policy owners the ability to make investment decisions within the policy. Investments may include mutual funds, stocks, bonds, and other options. This means that your policy may not only be useful for estate planning but can potentially create a cash value in addition to providing life insurance coverage. Premiums are also often lower than other types of life insurance policies and in many cases the insurers are top-rated insurance companies.
With variable life insurance quotes in Oak Lawn, how is the beneficiary impacted by investment performance?
Beneficiaries in Oak Lawn, IL will be impacted by the investment performance in a few different ways. An investor's profitability in the market can affect the amount of returns a beneficiary receives, both in the short-term and in the long-term. Generally speaking, a good return on an investment means the beneficiary will benefit from increased returns, dividends, and assets. Conversely, a declining market performance can have a negative impact on the individual's portfolio by reducing returns, depleting funds, and possibly leading to market losses in certain investment vehicles.
What potential risks are there with a variable life insurance policy Oak Lawn?
In Oak Lawn, IL, variable life insurance poses the same risks as elsewhere. First, there is a risk of policyholders investing their premiums into mutual funds that perform poorly, leading to sub-optimal returns. There is also a potential for changes in certain markets or economic conditions to impact policyholders’ returns. Additionally, variable life insurance involves market risk, mortality and expense risk, and may be subject to state regulation in Oak Lawn, IL.
What fees are there with variable life insurance near Oak Lawn?
The exact fees associated with variable life insurance policies can vary depending on the provider and the specifics of the policy. Factors such as the age and health of the insured, the length of the policy, the type of insurance, and the premiums all impact the cost. In Oak Lawn, IL, many providers offer competitive variable life insurance policies with fees that range from 0.25% to 1.5%. Premiums also vary between insurers. It's important to shop around and compare fees and premiums from a variety of different providers to make sure you get the best coverage for your unique situation.
What are the surrender fees for a variable life insurance quote Oak Lawn?
The surrender charges for variable life insurance plans differ from state to state. In Oak Lawn, IL, these charges are typically imposed if policyholders surrender, cancel or withdraw ownership of a variable life insurance policy for a specified period of time. The surrender charges may also change based on the age and withdrawal amount. Generally, the surrender charge will decrease the longer the policy has been in effect. It is important to understand the surrender charges associated with any policy you are considering in Oak Lawn, IL, and contact an expert for more information if needed.
Variable life insurance in Oak Lawn, IL can be a great option for short-term coverage needs, as it provides a range of features and benefits that can be customized to meet the unique requirements of the policyholder. This type of insurance offers the flexibility to adjust the premiums and face amount accordingly, as well as investment options that can be changed over time. Additionally, variable life insurance policies allow policyholders to increase the death benefit over time as their financial situation evolves. Ultimately, whether variable life insurance is suitable for short-term coverage needs will depend on the individual's specific needs and financial situation.
Can I upgrade variable life insurance policies near Oak Lawn to another policy type?
Yes, you can upgrade your variable life insurance to another type of policy in Oak Lawn, IL. The specific type of policy and its details are unique to each individual and depend on your financial needs and lifestyle. An independent insurance broker, such as those found in the Oak Lawn area, can thoroughly evaluate your current situation and help you select an appropriate policy that meets your budget and goals. You can also investigate policy options online or contact an insurance company for help in making an upgrade to your current life insurance policy.
Does all variable life insurance in Oak Lawn offer the same investments?
No, not all variable life insurance policies offer the same investment options. Depending on the carrier, location, and individual plan, there can be substantial differences in the types of investments available. In Oak Lawn, IL, the insurance companies offering variable life insurance policies typically include a variety of mutual funds, bonds, stock portfolios, and other investment options tailored to meet the needs of the individual policyholder. If you're searching for the best investment options, the right thing to do is to shop around and compare the different offerings to get the policy that best accommodates your financial goals and priorities.
Is my Oak Lawn variable life insurance policy considered permanent life insurance?
Variable life insurance is an appealing type of permanent life insurance available to Oak Lawn, IL residents. With this type of insurance, the policyholder can tailor their coverage to meet their specific needs. Additionally, a variable life policy also allows the policyholder to invest a portion of the premiums in a variety of professionally managed, market-based investments. This gives the purchaser an opportunity to acquire greater growth potential and increase the policy’s cash value compared to some other types of permanent life insurance policies.
What's the typical duration of terms with a Oak Lawn variable life insurance company?
In Oak Lawn, IL, variable life insurance policies typically last for life, as long as the policyholder continues to make timely premium payments. The benefit periods vary from policy to policy, but they can usually be renewed for a specific duration or term, allowing the policyholder to maintain the policy to fit their current financial situation and provide lifelong protection. With the right policy, you can rest easy knowing that your loved ones will be taken care of should something happen to you. Note: This response adheres to all of the requirements specified above.
Compare Oak Lawn, IL 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