Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Romeoville, IL 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 Romeoville, IL. 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 Romeoville, IL.
Frequent Questions...
A variable life insurance policy designed for Romeoville, IL residents is typically comprised of three essential components: a saving component, an investment component, and a death benefit component. The saving component involves setting aside regular premiums to generate a cash value that can be accessed at any time. The investment component permits policyholders to choose from a range of investment options to build the value of their policy. Lastly, on the death of the policyholder, the death benefit component delivers the predetermined cash value or death benefit to their beneficiary.
Can I cancel my policy after getting variable life insurance quotes in Romeoville?
Yes, you can cancel your variable life insurance policy even if it is based in Romeoville, IL. Depending on the carrier you chose, certain terms and conditions may apply to cancellation. Additionally, the specifics of your particular policy will also play an important factor in determining whether or not cancelling is an appropriate choice for you. To make sure you understand your next steps and potential fees associated with cancelling, we recommend getting in touch with the customer service team affiliated with your policy. They can help you decide if canceling is the right move for you and your financial needs.
What are the tax aspects of a variable life insurance policy Romeoville?
In Romeoville, IL, the tax implications of a variable life insurance plan vary depending on the policy and the designation of the policy. Generally, you are allowed a tax-deferred growth of cash value built up inside the policy. In some cases, beneficiaries of variable life insurance policies are also eligible for income tax-free death benefit. Any withdrawals taken from the life insurance policy, though, are usually subject to income tax. Additionally, any withdrawals taken out that exceed the cost basis of the policy, will be subject to both ordinary income tax and an IRS penalty.
Is there a death benefit guarantee with variable life insurance near Romeoville?
Variable life insurance is a popular life insurance policy in Romeoville, IL as it provides permanent death benefit regardless of market performance. While the policy provides a death benefit, the amount of the death benefit can vary depending on the policy's performance during the term of the policy. In addition, other features of the policy such as cash value accumulation could be negatively impacted. Keeping this in mind, there is not a guaranteed death benefit with variable life insurance as the benefit can vary. However, the death benefit is typically large enough to provide your loved ones with the financial protection they need.
What happens if my variable life insurance quote Romeoville underperforms?
If your chosen investments don't go as planned in Romeoville, IL, our experienced financial advisors can help you determine the best course of action. They can assist you in re-evaluating the objective, risk tolerance, and timeline you've set and make adjustments as necessary. Your advisor can assist in providing alternative investments options that may provide a better return or are better suited for your current financial goals. Additionally, the financial advisor can help you measure periodic progress so you can ensure future investments will be more successful.
Variable life insurance can be an appropriate choice for those in Romeoville, IL who may have short-term coverage needs. Whether you need to cover a short-term debt or save for educational costs, variable life insurance can provide you with a low-cost, long-term policy in which you can choose from a variety of investments to match your risk tolerance. Not only can you adjust your policy as needed, but you also have access to the potential for tax-deferred growth of your policy's cash value.
Can I direct specific investment strategies for variable life insurance policies near Romeoville?
In Romeoville, IL, the policyholder has some flexibility in choosing specific investment strategies for their cash value, however this may depend on the type of contract purchased. Some standard products may have limited or no investment options, while other more comprehensive policies may offer more options. It's important for policyholders to spend time researching their options to ensure the choices made are suitable for their individual circumstances.
Are management fees for variable life insurance in Romeoville similar to mutual funds?
In Romeoville, IL, the management fees of variable life insurance are generally comparable to regular mutual funds. However, it is important to note that mutual funds and variable life insurance are considered two different types of investments and some variables such as type of investments and performance levels may cause one or the other to have more expensive expenses and charges associated with them. Additionally, cost differences between mutual funds and variable life insurance can vary depending on the specific group or institution offering them.
Can I use my Romeoville variable life insurance policy for retirement savings?
Yes, variable life insurance can be used as a retirement savings vehicle in Romeoville, IL. Variable life insurance offers a range of benefits as a retirement savings vehicle as it can provide a death benefit, guaranteed cash value, and living benefits such as the ability to take out loans against its cash value. With variable life insurance, Romeoville residents can tailor the coverage to their needs, using an array of funds for their investments such as stocks, bonds, mutual funds, and other structured investments.
How do loans affect death benefits with my Romeoville variable life insurance company?
Policy loans from variable life insurance can have an impact in Romeoville, IL by reducing the death benefit given to the insured's beneficiaries upon their passing. Variable life insurance policies use cash value to support the policy and there are potential tax penalties associated with policy loans so it is important to understand the impact on the policy, particularly on the death benefit, before taking out a loan. It is recommended to speak to a licensed financial professional to understand the implications of taking out a loan against variable life insurance before doing so.
Compare Romeoville, IL 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