Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Salem, VA 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 Salem, VA. 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 Salem, VA.
Frequent Questions...
Variable life insurance is a form of permanent life insurance offered in Salem, VA that provides a death benefit to the heirs of the insured individual. The death benefit amount will fluctuate based on the performance of the underlying investments. Additionally, premiums paid by the policyholder are typically invested into professionally managed accounts and any gains or losses will affect the policy’s death benefit. Many policies offer diversified investment options such as stock and bond funds, as well as other dividend-paying accounts.
Can I cancel my policy after getting variable life insurance quotes in Salem?
In Salem, VA, you can absolutely cancel your variable life insurance policy. To ensure you are doing so properly and in compliance with any applicable laws and regulations, you should reach out to your local insurance agent. The agent will guide you through the cancellation process and answer any questions that come along the way. They may also have helpful suggestions about what other insurance products may be right for you and your specific needs.
With a variable life insurance policy Salem, can I decide where my premiums are invested?
Yes, you can choose where your premiums are invested with variable life insurance in Salem, VA. The insurance company offers many different options for allocating your premiums. You can choose from investments such as stocks, bonds, mutual funds, and other choices. You can decide among these options to devise a portfolio that meets your individual goals and needs. Additionally, the company provides consulting services to help you better understand your investment opportunities and create a plan that best fits your financial goals.
Do I need to understand investments for variable life insurance near Salem?
In Salem, Virginia, you do not need to be investment-savvy to purchase variable life insurance. Variable life insurance can be a beneficial financial tool for those who want to take their savings and investments to the next level, but it is not necessary to have a deep knowledge of the stock market or investments to purchase the product. An experienced, qualified financial advisor in the Salem area can help you assess your needs and determine if variable life insurance is right for you. Depending on final decisions, the advisor can help you purchase and monitor the policy, working with you to meet your specific financial objectives.
What happens if my variable life insurance quote Salem underperforms?
If you make an investment in the Salem, VA area that doesn't perform well, you can take steps to identify alternative investments with potential for better returns. You can consult a financial advisor and develop an appropriately diversified investment portfolio that is tailored to your individual needs. To minimize potential losses, it's important to have a strategy for when and how much to invest, and to be aware of market trends. With sound financial planning, even if some of your investments perform poorly, it's possible they can be offset with other investments that offer higher returns.
For Salem, VA residents, variable life insurance offers the benefit of having life insurance coverage with the ability to potentially benefit from the stock market while providing beneficiary death benefits and an income taxs avantage. The owner of the insruance policy can choose to subscribe to subaccounts such as stocks, bonds, or equity funds. As the stock market fluctuates, subaccounts may yield variable growth that can help you increase the cash value of your policy with more room for growth than the fixed interest that traditional life insurance policies offer.
How flexible are premium payments for variable life insurance policies near Salem?
As a customer based in Salem, VA, you can find flexible premium payment options when it comes to purchasing a variable life insurance policy. Depending on your insurer, you may have the option to pay premiums annually, semi-annually, quarterly, or monthly, making it easier to manage your budget. Some companies also offer the option of making single, one-time payments instead of scheduled payments, so you can adjust your payments to fit your budget and lifestyle.
Are management fees for variable life insurance in Salem similar to mutual funds?
In Salem, VA, the management fees for variable life insurance are generally comparable to those of regular mutual funds. However, life insurance products may often come with added benefits that are not available with mutual funds, such as the tax-protected growth of cash values, the right to borrow funds against cash values for a variety of purposes, as well as loan protection while the payment schedule of premiums is followed. Additionally, life insurance products may offer the assurance of death benefit protection in the event of a policyholder’s passing, which mutual funds typically do not provide.
How does my Salem variable life insurance policy handle loan interest?
In Salem, VA, the policy loan interest on variable life insurance is treated as a balance on the policy instead of income to the policyholder. As such, any outstanding balance on the policy loan, which includes the interest accrued, become payable in full upon the death of the insured. Any unpaid balance still on the policy loan may also reduce the amount of death benefit payable due to the decrease in the policy's cash surrender value. Policyholders should always check with their insurer to determine the exact details of their policy and to make sure they understand how their policy loan interest is being treated.
Does my Salem variable life insurance company offer a grace period for premium payments?
Yes, a grace period for premium payments in variable life insurance may be available, depending on the policyholder's location in Salem, VA. Each insurance provider has its own rules and regulations regarding grace periods. It is important for policyholders to consult with their insurance provider to determine if a grace period exists, how long it is, and any associated fees or penalties for not making premium payments on time. Ultimately, the decision to grant a grace period is up to the discretion of the insurance provider.
Compare Salem, VA 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