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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.
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With PolicyHub getting started is easy. Compare all the Variable Life Insurance rates from all the providers in South Laurel, MD. 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
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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 South Laurel, MD.
Frequent Questions...
Variable life insurance in South Laurel, MD offers policyholders the ability to choose how their death benefit dollars are invested, whereas the death benefit portion of other types of life insurance policies does not offer investment options. Through variable life insurance, policyholders can decide how much of their death benefit is invested in stock, mutual funds, bonds, or other investments. Variable life insurance also offers the potential to build more cash value than with other types of life insurance, since the policyholder will have the potential to receive dividends and gains with their investments.
Can I use my variable life insurance quotes in South Laurel as collateral?
Generally, you can use variable life insurance as collateral for a loan, though certain restrictions may apply depending on the loan terms and your situation. In South Laurel, MD, different state and federal regulations could influence the status of using variable life insurance as collateral, so it's best to talk to a qualified financial advisor or speak with a representative from the lending institution to learn more about the details and if this type of collateral is available.
How does the cash value work for a variable life insurance policy South Laurel?
The cash value component of variable life insurance works essentially like a savings account within a policy. In South Laurel, MD, the cash value you earn is based on investment-like options, typically mutual funds, separate from the actual death benefit. The cash value grows over time, allowing you to access the money you need in the future and can even be used as a form of retirement income. It's important to keep in mind that any withdrawals from the cash value made in South Laurel will reduce future earnings, so it's best to use the cash value wisely.
What fees are there with variable life insurance near South Laurel?
Fees associated with variable life insurance vary depending on the insurance plan and provider. In South Laurel, MD, fees typically include mortality and expense fees, policy administration charges, and any applicable sub-account fees. Mortality and expense charges are used to help cover the insurance company's cost to cover death benefit claims. Policy administration fees are charged to maintain your policy over time and may include costs for processing transactions and preparing loan interest statements.
What are the surrender fees for a variable life insurance quote South Laurel?
Surrender Charges for variable life insurance in South Laurel, MD will depend on the specific terms of your policy. Generally, surrender charges are a percentage of the death benefit and can range from 0 to 15%. Depending on the company, surrender charges may reduce over time after a certain number of years. To determine the exact terms of your policy including surrender charges, it's important to review your policy or contact your local life insurance provider.
Yes, there are age restrictions for buying variable life insurance in South Laurel, MD. Generally, you must be 18 years old to purchase a policy, although policies can remain in effect until the age of 100. As with any decision of this nature, it is important to carefully consider the plan specific details and weigh personal goals and needs with the potential benefits that come with variable life insurance. You may wish to consult a financial advisor or insurance professional for more information on policies available in South Laurel, MD.
Can I direct specific investment strategies for variable life insurance policies near South Laurel?
In South Laurel, MD, the policyholder can generally not dictate specific investment strategies for the cash value, but they can choose the investment option that fits their needs. Insurance companies typically offer several investment options that are designed to help the policyholder reach their financial goals. This may include conservative portfolios, more aggressive portfolios, annuities, and guaranteed interest accounts. The policyholder should consider their financial objectives, risk tolerance, and other factors before deciding which investment option works best for them.
Does all variable life insurance in South Laurel offer the same investments?
No, not all variable life insurance policies offer the same investment options. In South Laurel, Maryland, some policies may include a variety of mutual funds, real estate investment trusts, stocks, and even fixed income options; while others offer mainly a single portfolio of investments. Be sure to review the details of each policy to determine which best fits your unique financial goals and investing approach. Additionally, some variable life insurance policies provide the flexibility to switch investments between asset classes as needed, while others do not allow for such changes.
Is the cash value in my South Laurel variable life insurance policy safe from creditors?
In South Laurel, MD, the cash value associated with a variable life insurance policy is generally protected from creditors. The Maryland Exempt Property Act states that a life insurance policy is protected with specific exceptions, such as those related to unpaid income and estate taxes. Furthermore, Maryland's exemptions also protect written agreements providing for cash surrender or a loan value of a life insurance policy or annuity contract from creditors. As a result, policyholders in South Laurel, MD who own a variable life insurance policy can obtain peace of mind knowing that their cash value is protected from creditors.
How do loans affect death benefits with my South Laurel variable life insurance company?
Policy loans from variable life insurance can have an impact on the death benefit of an insured policyholder in South Laurel, MD. Depending on the type and size of loan taken, the amount of the death benefit will be reduced by the loan balance. Additionally, the policyholder could be responsible for federal and state income taxes on any outstanding loans at the time of death. The loan repayment schedule should be reviewed closely to ensure the policy remains in effect and the death benefit is passed with the full value.
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