Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Richfield, 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 Richfield, 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 Richfield, MN.
Frequent Questions...
Richfield, Minnesota residents considering a variable life insurance policy have several primary components to consider. Firstly, the policyholder has the flexibility to choose an investment election, allowing them to choose their preferred level of risk when allocating their assets. Secondly, the policy will have a death benefit, which is an amount specified in the policy and can be adjusted dependent on the performance of the underlying investments. Additionally, policyholders have access to their accumulated cash values, which can be used to cover any necessary premiums if needed. Finally, the policy can provide certain tax advantages associated with life insurance policies.
Are there early withdrawal penalties for variable life insurance quotes in Richfield?
Yes, depending on the type of policy you have in Richfield, MN, there may be penalties for early withdrawal from the cash value. Whole life or universal life policies typically incur a surrender charge that will reduce the cash value of the policy and lower any death benefit. If the entire policy is surrendered, an additional taxable event may apply, which could result in the growth of the cash value being taxed at the applicable rate. Therefore, it is important to be aware of all the terms and conditions of your policy before attempting to withdraw cash value before maturity.
How does the cash value work for a variable life insurance policy Richfield?
In Richfield, MN, variable life insurance usually includes a cash value component which allows the policyholder to save money towards the policy's face value. With this option, a portion of the premium payments is allocated towards the policy's cash value. The cash value can then be used to pay off the policy or can be taken out as a loan provided the policyholder keeps up with the loan payments. As policy values increase, the loan may become available for withdrawal.
How often can I modify my investments in variable life insurance near Richfield?
In Richfield, MN, policyholders of variable life insurance may change their investment choices as often as they'd like. You may be subject to any applicable transaction fees which may apply depending on the company issuing the policies. Generally, for variable life insurance, policyholders can change their investments annually or more often. It is important to check with the company that issued your policy to understand any schedule of fees that might apply so that you can make the best decisions for you and your wallet.
What happens if my variable life insurance quote Richfield underperforms?
As with any investment, there is a risk that your investments could perform poorly. If that is the case in Richfield, MN, you have the recourse of speaking to a financial advisor who can assess the situation and advise you on the best course of action. This could include conducting additional research, diversifying your investments, or internally managing them. Taking the time to understand the market and your own goals can help in mitigating the impact of poor performance.
Richfield, MN residents who purchase variable life insurance benefit from a range of features, including death benefit protection, cash value accumulation potential, flexible payment options, and tax advantages. The death benefit is often the primary reason people purchase variable life insurance, as it helps to provide financial protection to surviving family members and to cover expenses when the insured passes away. Furthermore, the policy can also accumulate cash value over time, which can then be used for retirement income or to borrow from the policy in the event of a financial emergency.
How does cash value growth influence death benefit with variable life insurance policies near Richfield?
Variable life insurance policies vary by region, but in Richfield, MN, the cash value of a policy grows on a tax-deferred basis, which means not only can the cash value can grow faster, but the death benefit amount increases as well. Consistent payments of premiums can increase the death benefit amount by extending the life of the policy or increasing the cash value that can be used for the premiums. So, in that way, the cash value growth in a variable life insurance policy can directly impact the death benefit amount.
How can I monitor performance of my variable life insurance in Richfield?
Tracking the investment performance of your variable life insurance policy in Richfield, MN can be easier than you expected. You can contact the financial advisor you purchased the policy through and they can provide you with updates on the performance of your investments. Additionally, some major financial services offer apps that allow you to track the performance of your investments online. Depending on the services available in your area, you may be able to sign up for automated emails that alert you when your investments change.
Can I use my Richfield variable life insurance policy for retirement savings?
Yes, variable life insurance can be used as a retirement savings vehicle by individuals living in Richfield, MN. This type of insurance policy not only provides a death benefit to beneficiaries but also provides an opportunity to save for retirement. Variable life insurance offers several features, such as tax deferral and the option to choose your own investments in the form of sub-accounts, that make it an attractive option to those living in Richfield.
How do loans affect death benefits with my Richfield variable life insurance company?
Policy loans from variable life insurance in Richfield, MN may impact the death benefit depending on how much of the loan has been taken out and when the policyholder dies. It's important to understand that the death benefit may become the policy's loan balance if the loans are not fully repaid at the time of death. Additionally, any interest accrued on the loan will be deducted from the death benefit. Overall, the remaining death benefit (if any) will be the policy's loan balance minus any interest due and unpaid.
Compare Richfield, 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