Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Prior Lake, MN 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 Prior Lake, MN. 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 Prior Lake, MN.
Frequent Questions...
In Prior Lake, MN variable life insurance provides a range of premium options. Depending on the specifics of the policy chosen, premiums can be fixed, adjustable, or even waived in some cases. If flexible premium payments are made, the premiums are adjusted based on the performance of the underlying investment options within the policy. In such policies, the customer is able to make decisions about how much to contribute to the policy. These policies help to ensure premiums are tailored to the customer's financial situation and change as the policy grows and the customer's needs evolve.
With variable life insurance quotes in Prior Lake, how is the beneficiary impacted by investment performance?
In Prior Lake, MN, the way the beneficiary is typically affected by the investment performance is by seeing the positive impact of the return on their investments. The higher the return, the better the outcome for the beneficiary in terms of their investment performance. In fact, depending on the terms of the investment, the beneficiary could even potentially receive a dividend from the investments if the performance is high. Benefits of investments can include increased financial security for the beneficiary in the long run, as well as the satisfaction of seeing their financial assets grow with a successful investment.
How does the cash value work for a variable life insurance policy Prior Lake?
In Prior Lake, MN, the cash value component of variable life insurance works by providing policyholders with the option of accumulating money over time through premiums and earns interest based on the performance of the underlying investments chosen. This cash value can be accessed through policy loans or withdrawals, providing policyholders with the flexibility to use the cash value when and how they choose, and can help supplement retirement income or serve as an alternative source of investment.
Is there a death benefit guarantee with variable life insurance near Prior Lake?
In Prior Lake, MN, variable life insurance policies are designed to provide a death benefit that can vary depending on the performance of the underlying investments. There is no guaranteed death benefit, however, if the funds perform well the death benefit will increase, and if the funds perform poorly the death benefit may decrease. Those who purchase this type of policy must understand the risk of their investment and the potential cost of insurance. It is important to select the appropriate funds and manage risk to ensure the death benefit stays within desired limits.
Is there a minimum guaranteed return with a variable life insurance quote Prior Lake?
Variable life insurance in Prior Lake, MN may offer a minimum guaranteed return; however, this can vary greatly depending on the insurer. Variable life insurance is a permanent policy with an adjustable premium that allows policyholders to invest in a variety of separate accounts. The policyholder's premium is allocated to the separate accounts and is subject to the fluctuations that accompany changing interest rates and the performance of the securities markets. There is a cash value component that can be accessed through a loan and the cash values may be increased by purchasing additional paid-up insurance.
Variable life insurance may suit short-term coverage needs in Prior Lake, MN depending on the individual's budget and goals. It is important to consider the budget and insurance needs of each individual, as the premiums are typically higher for Variable life insurance than other forms of life insurance. This type of policy offers flexibility in the amount of death benefit protection and level of premium payments by allowing policyholders to decide how their premiums will be invested. The policyholder can also choose the type and amount of investments ranging from stocks to mutual funds.
Can I upgrade variable life insurance policies near Prior Lake to another policy type?
Yes, in Prior Lake, MN, you can upgrade your variable life insurance policy to another type of policy. Your current provider, or another insurance provider, could offer you a permanent life insurance product such as whole life, universal life or variable universal life. Any of these products offer lifetime coverage but vary in coverage options, premiums and cash value investments. Speak with a knowledgeable insurance representative in Prior Lake to determine which policy meets your needs. They can help you review costs, plan design and coverage benefits to make sure you have the best protection possible.
How can I monitor performance of my variable life insurance in Prior Lake?
In Prior Lake, MN, tracking the performance of your variable life insurance is an easy and straightforward process. You can use various tools provided by your insurer and online tools to monitor investment performance. Your insurance provider will typically give you access to their reporting dashboard that can provide you with information such as policy values, performance reviews, asset allocation, and account history. Additionally, you can use online tools such as stock trackers to keep track of applicable stocks/assets, generate detailed reports, and identify trends over time.
Is my Prior Lake variable life insurance policy considered permanent life insurance?
Variable life insurance, similar to other types of permanent life insurance policies, offers death benefit protection as well as the potential of cash value growth. However, what makes variable life insurance unique is the opportunity to choose one or more sub-accounts from an investment portfolio. This flexibility can be beneficial for individuals living in Prior Lake, MN who seek to have more control over their life insurance choices and investments. Furthermore, variable life insurance policies typically come with tax-deferred growth and often provide additional features such as riders and accelerated benefits.
How do loans affect death benefits with my Prior Lake variable life insurance company?
In Prior Lake, MN, policy loans taken from variable life insurance can impact the death benefit of that policy in a few different ways. Generally, policy loans reduce the policy's cash value which, in turn, reduces the death benefit. Additionally, if the policyowners do not maintain the loan payments, any unpaid amounts will be deducted from the death benefit to repay the policy loan. It is important to understand the full implications of a policy loan taken from a variable life insurance policy when planning your estate to ensure your beneficiaries have the death benefit you intended.
Compare Prior Lake, MN 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