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With PolicyHub you get to compare over 37 Redmond, WA Variable Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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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 Redmond, WA. 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
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Mark Sidway
Variable Life Insurance agent
Mark Sidway is a Variable Life Insurance agent licensed in your state.
Cale Reeves
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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 Redmond, WA.
Frequent Questions...
Individuals living in Redmond, WA who have specific financial goals that will require significant sums of money, such as college tuition or providing a financial legacy to subsequent generations, should consider purchasing a variable life insurance policy. A variable life insurance policy, as opposed to a term or whole life policy, offers policyholders the potential for higher returns, as the premiums paid are often invested into a portfolio of investments to generate returns while providing a death benefit should something happen to the policyholder. For those in Redmond, gasping having long-term financial goals, a variable life insurance policy can be an ideal choice.
Are there early withdrawal penalties for variable life insurance quotes in Redmond?
If you live in Redmond, Washington, it is important to understand the penalties associated with early withdrawal from the cash value of an account. Withdrawing early can lead to paying additional taxes, penalties, and a possible decrease in return. Generally, any withdrawal taken before age 59.5 will be subject to an additional 10% penalty. Depending on your policy, additional surrender charges may apply. It is a good idea to speak with a financial advisor to understand any restrictions and costs associated with early withdrawal.
With a variable life insurance policy Redmond, can I decide where my premiums are invested?
Yes, with variable life insurance, you have the option to customize your investments according to your individual needs and preferences. Redmond, WA is home to many inspiring investment opportunities that could be right for you. Consider exploring start-ups, mutual funds, investment trusts, exchange traded funds, and real estate ventures that are based in this area. Once you have made a selection, an experienced insurance professional can help you get your investments underway.
Is there a death benefit guarantee with variable life insurance near Redmond?
In Redmond, WA, variable life insurance can provide a death benefit, however it is not guaranteed. Unlike other forms of life insurance, the death benefit associated with a variable life policy changes depending on the condition and performance of its underlying investments. Therefore, while a death benefit is available, it is not guaranteed, making variable life insurance more suitable for those with a higher risk tolerance. Ultimately, it is important to work with your insurer, or an experienced advisor, to determine the best form of life insurance for your individual needs.
What are the surrender fees for a variable life insurance quote Redmond?
The surrender charges for variable life insurance policies can vary considerably depending on the provider, product type, and the specific requirements of the policyholder. In Redmond, WA, the surrender charges for a variable life insurance policy will typically depend on the carrier and the length of the policy, as well as the amount of premium paid. It is important to speak with an insurance professional to learn more about the specific surrender charges associated with the policy as they may vary between companies. Additionally, many carriers may offer special incentives or discounts that can help offset or reduce the surrender charges.
In Redmond, WA, it is typically required that an individual be at least 18 years of age to be eligible to purchase variable life insurance. In addition, each provider may have their own set of restrictions and additional criteria for eligibility. It is always best to review the criteria and restrictions of the provider prior to purchasing variable life insurance to ensure you meet their requirements.
How flexible are premium payments for variable life insurance policies near Redmond?
Flexibility of premium payments is one of the benefits of variable life insurance policies in Redmond, WA. Policyholders can choose when and how often to pay premiums, meaning that you donβt have to worry about rigid deadlines or payment plans and can adjust the payments to suit your individual budget and lifestyle. Additionally, you can usually increase, decrease, or stop payments at any time to meet shifting financial needs. As long as the required minimum premium amount is paid, your policy will remain in force.
Can I change investment options for variable life insurance in Redmond without tax effects?
Yes, you can typically switch investment options without tax implications in Redmond, WA. If you are investing in an individual retirement account like a traditional IRA or a Roth IRA, you can always move your money from one account to another without suffering any tax consequences or penalties. The same is true when transferring money to a different fund within the same investment portfolio. However, certain types of investments, such as stocks held outside of a retirement account, can trigger capital gains taxes any time you sell those investments.
Is my Redmond variable life insurance policy considered permanent life insurance?
Variable life insurance is a special kind of permanent life insurance that can be tailored to meet the specific needs of Redmond, WA residents. This type of insurance allows policyholders to invest part of their premiums in various investments such as stocks, bonds, and money market funds. Variable life insurance also offers flexibility in terms of the death benefit that can be chosen to provide adequate coverage regardless of changing market conditions. This type of life insurance can be a great option for someone in Redmond, WA who wants to build financial security while also having the flexibility to make investments as their life situation changes.
How do loans affect death benefits with my Redmond variable life insurance company?
In Redmond, WA, policy loans from variable life insurance can impact the death benefit because these loans reduce the policy's cash value and the amount of death benefit will be paid out in proportion to the cash value of the policy at the time of death. For instance, if the death benefit is $100,000 and the policy has a $50,000 loan outstanding, only $50,000 will be paid out to the designated beneficiary, depending upon the specific policy language. Additionally, if the loan is not repaid, it will be deducted from the death benefit when the policyholder passes away.
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