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With PolicyHub you get to compare over 37 Somers Point, NJ 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 Somers Point, NJ. 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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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
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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 Somers Point, NJ.
Frequent Questions...
Variable life insurance is a permanent financial product designed to provide protection for your family in the event of your death. It is issued by many life insurance companies and can be tailored to your individual needs. It has the potential to build cash value over time, giving individuals in Somers Point, NJ the opportunity to participate in the marketβs performance without significant risk. Additionally, they can make changes to their allocations and contributions in order to meet their own individual goals. Variable life insurance is also a tax-deferred plan and income earned within it is not taxable until the benefit is received.
With variable life insurance quotes in Somers Point, how is the beneficiary impacted by investment performance?
In Somers Point, NJ, the beneficiary of an investment will be affected by the performance in the same way as any other investor: their returns will rise and fall in line with investment performance. If the portfolio performs better than expected, the beneficiary will benefit from a higher return than anticipated. Conversely, a downturn in the stock market can result in lower returns and a decrease in the overall value of the beneficiary's investments.
What potential risks are there with a variable life insurance policy Somers Point?
Variable life insurance is a popular financial product for individuals in Somers Point, NJ, but it comes with certain risks. First, you may get less back in benefits than you expected, depending on the performance of the variable investment components. Second, the premium payments can increase if the value of the investments decline. Third, if the investment strategies you choose are unsuccessful, you might not have sufficient funds in the policy when you need them. Last, variable life insurance features a death benefit which may not keep up with inflation.
How often can I modify my investments in variable life insurance near Somers Point?
Here in Somers Point, New Jersey you are able to change your investment choices with variable life insurance as often as you like. You may decide to make changes during annual review periods, or you may choose to make changes whenever you wish. When making changes to your investment choices, it's important to take into consideration any tax liability consequences that may result. It's also wise to consider any fees associated with making changes and to evaluate the appropriateness of your investment choices as your financial goals, needs, and risk tolerance may change over time.
What happens if my variable life insurance quote Somers Point underperforms?
If your investments do not perform as well as you had hoped in Somers Point, NJ, there are options. You can consider rebalancing your portfolio to better meet your desired goals, or work with a local financial advisor to explore investments more suitable to your risk tolerance. It's also wise to regularly review your investment objectives and adjust your asset allocations to align with your goals. Additionally, you may want to diversify your investments to reduce the risk associated with a single stock or sector.
Variable Life Insurance provides several key benefits, especially for those living in Somers Point, NJ. Unlike some other forms of permanent life insurance, you can receive a guaranteed death benefit while also maintaining the potential to obtain extra money through investments. The premiums are almost always lower than other types of permanent life insurance policies and the potential for cash value accrual is much higher.
Can I upgrade variable life insurance policies near Somers Point to another policy type?
Yes, you can upgrade your variable life insurance to another type of policy in Somers Point, NJ. At Avery Insurance Agency, we can talk to you about any type of policy that you are thinking of upgrading to and the potential benefits associated with the switch. We also offer complimentary reviews of existing policies to discuss the availability of updates. Contact us to make an appointment with one of our expert agents and discuss what upgrades work best for your particular needs. We can help identify any potential savings on your policy and ensure you get the best values for the coverage you need.
Can I change investment options for variable life insurance in Somers Point without tax effects?
Yes, you can switch between investment options without taxation implications in Somers Point, NJ if the investment is held in a qualified retirement account (such as an individual retirement account or employer-sponsored 401k). Qualified retirement accounts are tax-deferred, meaning any capital gains, interest, and/or dividends resulting from investments are not taxed until you begin to withdraw funds from the account, allowing you to invest and switch investments without worrying about tax implications.
How liquid is the cash value of my Somers Point variable life insurance policy?
The cash value of a variable life insurance policy in Somers Point, NJ can vary depending on the performance of the underlying investments. Generally speaking, variable life insurance policies offer greater liquidity than traditional life insurance policies because policyholders can access the cash value of the policy at any time. The cash value can grow over time and can be used for a variety of financial purposes. Ultimately, it is important to discuss with your insurance adviser the best way to access this money if you need or want to do so.
Do I get dividends from my Somers Point variable life insurance company?
It depends on the type of variable life insurance you have in Somers Point, NJ. If it is a dividend-paying policy, yes, you may receive dividends from the investments within your variable life insurance. The amount of the dividends is determined by the insurer and generally depends on the rate of return on the investments held within the policy. However, the rate of return may fluctuate depending on the performance of the investments, so the amount of dividends you receive each year may not always be the same.
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