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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.
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 Portsmouth, 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 Portsmouth, VA.
Frequent Questions...
Variable life insurance premiums can vary depending on the policies you choose in Portsmouth, VA. Companies offering coverage in the region typically take into account factors such as the age of the insured, their health history, and other features you may choose to include or exclude. Fixed premiums do exist, so it's important to compare the options available and choose the coverage that best fits your specific needs. Ultimately, your decision of whether fixed or variable premiums are a better fit for you depends on a variety of factors. It is recommended to seek professional help to ensure you select the best solution.
Are there early withdrawal penalties for variable life insurance quotes in Portsmouth?
If you make an early withdrawal from the cash value in Portsmouth, VA, it may incur penalties depending on the plan or contract you have. While itβs not possible to say exactly what the penalties would be prior to making the withdrawal, you should be aware that you may be subject to both withdrawal charges and a reduction in cash surrender value. Additionally, taxes may be due if the withdrawal is considered to be a taxable event. Itβs a good idea to check with your local financial advisor or the provider of the plan or contract you have before making an early withdrawal.
What are the tax aspects of a variable life insurance policy Portsmouth?
Individuals in Portsmouth, VA who have variable life insurance should always consult with their tax advisor when determining their tax implications. Factors including any benefits received from the insurer, as well as any premiums, distributions, or other amounts paid can all affect taxes. Furthermore, any additional investments made in the policy are also subject to taxation. Fortunately, individuals in Portsmouth have access to experienced and knowledgeable tax professionals who can provide tailored advice and strategies in these matters.
How often can I modify my investments in variable life insurance near Portsmouth?
In Portsmouth, VA, you may change your investment choices as often as you like with variable life insurance. Depending on the policy, you may have the ability to change your choices every month or at the end of a quarter. However, please be aware that when you do choose to switch your investments, there may be certain costs associated with the transactions. As part of your financial planning process, consult with your insurance provider to find out the limits on how often you are allowed to change your investments on any given policy.
Is there a minimum guaranteed return with a variable life insurance quote Portsmouth?
Variable life insurance policies provide a level death benefit that guarantees a minimum return for beneficiaries in Portsmouth, VA. However, the linked investment account does not provide a minimum or maximum guaranteed return. Each policyholder bears the risk associated with their own investment decisions, making it important to consult with a financial professional to understand all of the associated risks. Also, policyholders should review their individual policy's specific features to understand more clearly the type of account and investments that are available to them.
In Portsmouth, VA anyone 18 years or older may purchase a Variable Life Insurance policy. However, it's important to note that Variable Life Insurance policies contain more investment risk than other types of life insurance policies, and it's recommended to consult a financial advisor before making any decisions. Furthermore, depending on an individual's age and health, certain policies may be more beneficial than Variable Life Insurance. Additionally, it's also important for individuals to understand the different policies available and their unique features.
Do variable life insurance policies near Portsmouth provide guarantees on returns?
Variable life insurance is not a guarantee of any particular rate of return on an investment, since the performance of the investments is based on the market. However, it does offer policyholders in Portsmouth, VA certain guarantees, such as a death benefit and cash value. Variable life policies allow individuals to invest in subaccounts managed by professionals, which can potentially lead to more consistent rates of return than traditional stock market investments.
How regularly should I check my variable life insurance in Portsmouth?
If you live in the Portsmouth,VA area, it is recommended that you review your variable life insurance policy at least once a year. This ensures that the coverage you have in place is still appropriate given any changes in your life circumstances. Additionally, you should check with your insurance provider to ensure you are taking advantage of any new benefits that may have been added since your original policy was put into effect. Once a year is an excellent frequency for taking a few moments to review your coverage and make sure everything is up to date.
How does my Portsmouth variable life insurance policy handle loan interest?
In Portsmouth, VA, if you have a variable life insurance policy and take out a policy loan, the loan's interest will be applied to your policy's account value. Depending on how the loan affects your policy's cash value, you may be subject to income tax on the growth of that interest, however, you are not taxed on the premiums used to pay off the loan. A tax benefit may also be available if you are experiencing a financial hardship and cannot pay the loan with the intended funds. Your insurance provider can provide more details on the specific tax implications pertaining to your policy.
Can I convert from term life insurance with a Portsmouth variable life insurance company?
In Portsmouth, VA the answer to the question of whether you can convert from term life insurance to a variable life insurance policy depends on the specific insurer and the policy terms of the policy itself. It is possible to convert from a term policy to a variable life policy, but you must talk to your insurer to determine if you are eligible for this option and what terms they will offer for conversion. Your insurer can help you find the right plan that meets your needs and provide the details of the conversion process if applicable.
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