Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Providence, RI 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 Providence, RI. 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 Providence, RI.
Frequent Questions...
Variable life insurance is a type of permanent life insurance available to those residing in Providence, RI that provides tax-deferred growth potential on money set aside for family or business security should the insured pass away. The policy builds cash value which can be used for supplemental retirement income, to pay off a mortgage, to assist with college expenses for dependents, or even to pass on an inheritance to designated beneficiaries. It offers policy owners a predetermined death benefit as long as the policy-required premiums are met, but unlike traditional policies, provides the additional benefit of investment funds.
Do variable life insurance quotes in Providence come with a cash surrender value?
Variable life insurance policies have cash surrender values at each point in time and in Providence, RI, you have the opportunity to access the cash from your policy if you need it. Surrenders are based on the current value of the underlying investments that the policy is linked to, and the insurance company will usually pay a surrender charge if you withdraw more than a specific amount of money. Depending on the policy, you may also have the ability to take out loans against the policy without having to surrender it.
What potential risks are there with a variable life insurance policy Providence?
While variable life insurance provides stability of guaranteed death benefits in Providence, RI, there are also risks associated with the variable portion of the policy, including the potential for loss of investment principal and fluctuation in value. Investment securities, including stocks, mutual funds, and other equity investments, carry a certain degree of market risk as well as investment risk that a policyholder must be prepared to bear. Further, since premiums are based on the values of the investment accounts, there is the potential for unexpected premium payments should the market take an unexpected turn.
What fees are there with variable life insurance near Providence?
The fees associated with variable life insurance in Providence, RI will depend on the provider that you choose. Generally, there is a premium each month for coverage, administrative costs, and any fees associated with the investment options offered through the policy. Generally, these fees will range from a few dollars to hundreds of dollars in premiums depending on the features of the policy you choose. Additionally, there may be additional fees for making changes to the policy. It is important to speak with your insurance provider to understand what fees may be associated with your policy.
What are the surrender fees for a variable life insurance quote Providence?
In Providence, Rhode Island, the surrender charge for variable life insurance is typically contingent on the policy and the plan you select. Generally, the surrender charge is a fee that is assessed if you decide to cancel or withdraw from your policy before its maturity date. This fee is typically a percentage of the cash surrender value or it may be a fixed dollar amount. The surrender charges you may incur depend on the policy's surrender schedule, and may be waived if the policy has been in effect for a certain number of years.
In Providence, RI there are some limits on fund transfers depending on the financial institution and the policy in place. For example, if you are using a bank in Providence, you may be limited to a certain number of transfers, or have a limit on the amount you can transfer at one time. Other financial institutions may also have their own limitations, which you should check into before initiating a transfer. It's also important to note that if you are transferring funds between different countries, there may be additional restrictions.
Can I direct specific investment strategies for variable life insurance policies near Providence?
Yes, policyholders of Providence, RI can dictate specific investment strategies for the cash value, including, but not limited to, stocks and bonds. It is important to remember, though, that the policyholder assumes all of the risk associated with these strategies, as cash values are not guaranteed. Additionally, policyholders should always consult their financial advisors to ensure their strategies align with the their goals. Policyholders can further customize their cash value strategy with the use of index and equity linked products, variable annuities, and more.
Can I change investment options for variable life insurance in Providence without tax effects?
In Providence, RI, you can switch between investment options without incurring tax implications as long as it's part of a single account or plan. Even if you're shifting your investments to a different plan within the same account type, such as an IRA or 401(k), you're usually not liable for taxes. The only thing you may need to take into consideration is whether or not any of the investment options carry surrender charges, or charges for leaving the plan early.
Is my Providence variable life insurance policy considered permanent life insurance?
Providence, RI residents have an opportunity to choose from a variety of insurance plans, including variable life insurance. Variable life insurance is a type of permanent life insurance. With this policy, your premium payments are placed into separate account options to give the policyholder potential to access funds for retirement, a child's college tuition or even an emergency fund. By having access to the cash value and a variety of account options, variable life insurance offers more flexibility and control than other permanent life insurance, while still offering the same financial benefits.
Do I get dividends from my Providence variable life insurance company?
In Providence, RI, the answer is generally no, you do not receive dividends from the investments within your variable life insurance policy. Although there are some life insurance policies that do offer an option for receiving dividends from the investments, a variable life insurance policy is not one of them. Instead, variable life insurance policies offer the savings and investment options of a variable annuity without the tax deferral, meaning that any return of investment you received would be taxable right away.
Compare Providence, RI 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