Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Park Forest, 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 Park Forest, 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 Park Forest, IL.
Frequent Questions...
Variable life insurance is a type of permanent life insurance policy that allows the policyholder to adjust the premiums and death benefits. For example, in Park Forest, IL, variable life insurance provides flexibility to individuals and families, as the death benefit can be tailored to their specific needs, whether those needs change over time or differing financial priorities occur. Additionally, variable life insurance allows policyholders to invest some of their premiums in various subaccounts, allowing the policyholder to take advantage of potential investment growth and ultimately increase the amount of death benefit available.
Do variable life insurance quotes in Park Forest come with a cash surrender value?
Yes, variable life insurance policies do have a cash surrender value, and this is particularly useful for individuals in Park Forest, IL who may have an emergency and need access to liquidity. Depending on the specific policy, surrender charges may apply so it's always best to check with your insurer before cashing out. Furthermore, if the funds are withdrawn without penalty, the policyholder should remain aware that any withdrawals taken will reduce the policy's death benefits, cash value, and applicable living benefits like the policy's loan value.
With a variable life insurance policy Park Forest, can I decide where my premiums are invested?
Yes, you can choose where your premiums are invested with variable life insurance in Park Forest, IL. Every plan and policy offers different options for the location of your investments. You can often invest in a variety of options such as mutual funds, annuities, stocks, bonds, and index funds. With variable life insurance, you will be able to manage and adjust your investments to fit within your specific financial goals. It is important to remember that the potential for increased reward also comes with the potential for increased risk.
How transparent is the investment performance of variable life insurance near Park Forest?
Park Forest, IL investors can rest assured that the investment performance in variable life insurance is highly transparent. Investment performance is reported in the policyholder's Annual Statement of Benefits and shows the current market value of the investor's account and any gains or losses relative to the previous year. With variable life insurance, policyholders have insight into their investment returns and can take ownership of their financial futures with confidence. By understanding their policy's performance, investors in Park Forest, IL can maximize their returns and make the most of their long-term retirement plans.
Is there a minimum guaranteed return with a variable life insurance quote Park Forest?
Variable life insurance in Park Forest, IL offers a minimum guaranteed return of death benefits to the beneficiaries of a policy, but the return on investment and the amount of the death benefit can go up or down depending on the performance of the investments inside the policy. This means if an individual chooses the variable policy, they could potentially earn a higher return on their investment than a guaranteed policy, but they are also taking on a higher level of risk.
The death benefit for residents of Park Forest, IL will vary in accordance with the performance of the investment. Generally, the more positively the investment performs, the greater the death benefit. However, like all investments, there is always a certain amount of risk associated with them. For this reason, it is always important to speak to a financial professional before investing in order to ensure that the death benefit will be sufficient for your purposes.
How flexible are premium payments for variable life insurance policies near Park Forest?
At Metropolitan Life Insurance Company, we provide variable life insurance policies in Park Forest, IL tailored to fit your individual budget and preferences. We understand that life can be unpredictable, so we offer flexible premium payments to make it easier to maintain your policy. Our flexible options include monthly payments, quarterly payments, annual payments, lump sum payments, and more, all designed to make it easier to manage your policy. No matter what your situation, we are sure to have an option for you that will work to maintain your coverage.
Does all variable life insurance in Park Forest offer the same investments?
No, not all variable life insurance policies offer the same investment options. In Park Forest, IL, several providers offer customized investment portfolios that are tailored to match an individual's specific financial goals and budget. Some may offer a selection of stocks and bonds, while others may offer a variety of mutual funds and ETFs. Additionally, many providers offer innovative hybrid policies that combine multiple types of investments to provide a balanced approach. It's important to do thorough research to find the best insurance policy and investment options for your unique needs.
Is the cash value in my Park Forest variable life insurance policy safe from creditors?
In Park Forest, IL, the cash value of a variable life insurance policy is usually protected from creditors. However, it can depend on the specifics of the policy and the particular creditors, as some state laws may offer additional levels of protection for the policyholder. It's important to note that any benefits paid out from the policy are generally taxed as ordinary income, which is taxable for Park Forest, IL residents. If one has concerns about creditors or other claimants accessing the cash value of their policy, they should speak with a qualified financial advisor for more information.
Do I get dividends from my Park Forest variable life insurance company?
In Park Forest, IL, variable life insurance offers a potential for dividends, depending on the performance of the underlying investments and the specific contract. Regular dividends can be paid in cash or can be used to purchase additional insurance, but keep in mind that the investment performance, fees, and taxes will vary from year to year, so the amount of dividends will vary as well. Additionally, variable life insurance policies have the potential to earn dividends beyond the death benefit, so it's important to weigh the potential benefits of additional coverage along with the potential of dividend payments.
Compare Park Forest, 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