Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Plainfield, NJ 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 Plainfield, NJ. 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 Plainfield, NJ.
Frequent Questions...
In Plainfield, NJ, the premiums in a variable life insurance policy are determined by the cash value of the policy and any additional riders or extras that may have been added. The premiums can change depending on changes in the performance of the underlying investments linked to the variable life insurance policy, and the policyholder has the option of changing the investment strategy. While the premiums may not necessarily remain the same, the policyholder will always know what to expect in advance so that they can plan accordingly.
Can I cancel my policy after getting variable life insurance quotes in Plainfield?
Yes, you can cancel your variable life insurance policy in Plainfield, NJ. However, in order to do so, you may have to pay surrender charges depending on the Dynamic Lifetime Value & other factors which may affect your premiums. Additionally, you may incur applicable tax liabilities and may realize gains or losses that will impact your policyβs cash value. Therefore, it is important to speak to your insurer in order to understand the implications before you make any final decisions.
What are the tax aspects of a variable life insurance policy Plainfield?
The tax implications of variable life insurance are different depending on where you live. In Plainfield, New Jersey, any money you withdraw from your variable life insurance policy will be taxed as ordinary income according to the federal income tax brackets. There may also be state and local income taxes applicable to any money withdrawn from this policy. Additionally, any gains within your variable life insurance policy may have capital gains and estate taxes that may apply to this policy as well. It is important to research the current federal, state, and local tax requirements when considering any type of life insurance policy that you may purchase.
What fees are there with variable life insurance near Plainfield?
The exact fees associated with variable life insurance will depend on the specific provider and policies you choose in Plainfield, NJ. Generally, though, these fees include both a premium and administrative fees. Your premium is determined by your policy's death benefit, length of time, and the risk coverage you choose. In addition, some plans may also have fees for policy setup and regular maintenance. It is important to take into account all of these fees before you commit to a particular policy, as they can add up over time and make a big difference in the overall cost.
How does a variable life insurance quote Plainfield handle dividends?
In Plainfield, NJ, the dividends received from variable life insurance are treated differently than other types of life insurance policies. Generally, the dividends are considered to be taxable income and will be reported to the Internal Revenue Service (IRS). Depending on the type of policy, the dividend payments may also be reinvested into the policy or used to increase the overall death benefit amount. Alternatively, some policies allow for the dividends to be taken as "cash value" and used to make additional premium payments.
Variable life insurance offers Plainfield, NJ, residents many advantages. First, it lets policyholders diversify their investment portfolio because they can select from a wide range of funds. In addition, they have the potential to benefit from tax advantages as well as the ability to borrow against the cash value. Moreover, it gives them the freedom to increase or decrease premium payments depending on their individual needs and financial goals. Finally, if a policyholder passes away, the benefits from the policy are paid out without being subject to probate court fees.
How flexible are premium payments for variable life insurance policies near Plainfield?
In Plainfield, NJ, premium payments in variable life insurance are highly flexible. You can choose to make constant payments over the life of the policy, or you can structure the payments in any way that suits your needs. It is also possible to make one-time payments or even combine the payment frequencies. Furthermore, you have the ability to customize the amount of your payments and to change the amount at any time. Overall, with variable life insurance, you are presented with the flexibility to tailor your premium payments to meet your financial objectives.
How regularly should I check my variable life insurance in Plainfield?
Residents of Plainfield, NJ should review their variable life insurance policy at least every 6 months. This is especially true if there were changes to the policy or the consumer's financial situation has changed. It is recommended that consumers review their policies for accuracy and see if the policy still fits their needs and goals. Additionally, if interest rates or other financial factors change, the policy needs to be updated or replaced for the best coverage and value.
Can I use my Plainfield variable life insurance policy for retirement savings?
Yes, Plainfield residents can use variable life insurance as a retirement savings vehicle. Variable life insurance offers residents living in Plainfield and throughout New Jersey the flexibility to increase their retirement savings with higher returns on their investments. This type of insurance also allows for tax deferral of the proceeds and provides recipients options to either withdraw or borrow from their cash value without having to pay taxes on the growth of their policy. Furthermore, if used correctly, the money taken out of the policy will not count against recipients for Social Security Income purposes.
Can I convert from term life insurance with a Plainfield variable life insurance company?
Yes, you can definitely convert your term life insurance policy to a variable life insurance policy in Plainfield, NJ. Most life insurance companies have the option to convert term policies into variable life policies. Before making the conversion, you should consider the advantages and disadvantages of each type of policy, as well as any financial implications. Converting to a variable life policy will provide you with more flexibility in terms of coverage types, premiums, and death benefit amounts. You will essentially have a greater ability to customize your policy to meet your specific needs and financial goals.
Compare Plainfield, NJ 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