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With PolicyHub you get to compare over 37 Spring Lake, NC 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.
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With PolicyHub getting started is easy. Compare all the Variable Life Insurance rates from all the providers in Spring Lake, NC. 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
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 Spring Lake, NC.
Frequent Questions...
A variable life insurance policy in Spring Lake, NC provides coverage for the policyholder through a variety of components. These components are the death benefit, cash value, premium, and the investment options which the funds from the policy are allocated towards. The death benefit acts as protection for the policyholder and their loved ones in case of passing, the cash value provides growth and investment strategy towards reaching long-term goals, the premium allows for continued coverage, and the investment options are typically mutual funds allowing for diversification and growth potential.
Are there early withdrawal penalties for variable life insurance quotes in Spring Lake?
In Spring Lake, NC, it is important to understand that there are penalties associated with early withdrawal from the cash value of an insurance policy. Generally, policyholders can expect to pay at least a 10% penalty on any funds taken out before a certain period of time has passed. It is important to carefully review the terms and conditions of your policy to understand the penalty you may incur. Furthermore, additional fees related to the early withdrawal, such as administrative costs, may also be assessed.
What potential risks are there with a variable life insurance policy Spring Lake?
Residents of Spring Lake, NC should be aware of the potential risks associated with variable life insurance, such as market volatility and suitability rules for investing. With variable life insurance, investment performance can vary widely over time. Therefore, if policyholders select funds that are not well-suited to their investment goals or situation, they could suffer serious financial losses. If the investments decline in value and the policyholder cannot maintain an adequate level of cash value in their policy, the policy can lapse and the policyholder can lose their death benefit.
How transparent is the investment performance of variable life insurance near Spring Lake?
In Spring Lake, NC, the investment performance of variable life insurance is extremely transparent. The policyholder receives quarterly account statements that detail the underlying investments, showing current balances, allocations, and changes related to activity of the period. Additionally, policyholders have access to an online portal that's updated in near real-time, and provides up to date performance information 24/7. When a policyholder wishes to make a change, they simply need to contact their insurer and the request is fulfilled within the same day.
What are the surrender fees for a variable life insurance quote Spring Lake?
Surrender charges for variable life insurance in Spring Lake, NC may vary from one policy to another, so it is important to review the specific terms of a policy before purchasing. These charges, typically assessed by the insurance company, are meant to discourage policyholders from surrendering their insurance too soon. Generally, the charges are based on the surrender date, and the closer the date is to the policy purchase, the higher the charge. Generally, the charges will decrease over time, and most policies become exempt from surrender charges after a certain period.
Variable Life Insurance offers several advantages to residents of Spring Lake, NC. One of its primary advantages is that it allows policyholders to accumulate cash value through tax-deferred investments that can be used to supplement retirement income. Additionally, there are often premium discounts available for wealthier individuals with larger sums of funds to invest into the policy. In addition, the policyholder is able to personalize their variable life insurance plan to fit their particular needs, making it an ideal choice for those with longer-term financial goals.
Can I direct specific investment strategies for variable life insurance policies near Spring Lake?
In Spring Lake, NC, policyholders do not have the ability to dictate specific investment strategies for the cash value. However, they do have the option to allow their insurer to make decisions about their cash investments, relying on the insurer's experience and understanding of the local investment landscape. Policyholders can also review the investment options available and have input into the direction they would like their investments to take. Ultimately, policyholders should collaborate with their insurer to ensure their cash value investments are in line with their objectives.
Are management fees for variable life insurance in Spring Lake similar to mutual funds?
The management fees for variable life insurance policies in Spring Lake, NC may differ from those of regular mutual funds. It’s important to speak to a financial advisor in the area to get an understanding of the particular fees associated with insurance/investment products in order to make the most informed decision when making any financial decisions. Variable life insurance policies are a long-term commitment and should not be taken lightly, as the fees associated with them in comparison to other options may vary greatly.
How does my Spring Lake variable life insurance policy handle loan interest?
The policy loan interest on a variable life insurance in Spring Lake, NC, is treated differently than regular loan interest. The interest payments are applied first to the policy loan interest, then the remaining payments are applied to the cash value of the policy. This can reduce your cash value if your payments are not enough to cover the policy loan interest. You can also choose to set up automatic payments each month to ensure that your policy loan is kept in good standing. Every policy is unique so it is important to contact your life insurance agent to understand how the policy loan interest will be treated.
How do loans affect death benefits with my Spring Lake variable life insurance company?
Policy loans from variable life insurance can have an impact on the death benefit of a policyholder in Spring Lake, NC, since policy loans reduce the cash value of the policy, reducing the available death benefits to beneficiaries. If the insured doesn't repay the policy loan, the insurance company will subtract the outstanding amount from the death benefits after the insured dies. Policyholders should always be mindful of any associated policy loan interest rates and fees, since leaving an unpaid balance with accrued interest could substantially reduce the death benefit amount.
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