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With PolicyHub you get to compare over 37 Staunton, VA 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 Staunton, 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.
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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 Staunton, VA.
Frequent Questions...
Variable Life Insurance is an asset-based life insurance policy that provides permanent coverage and contains an investment component. This type of policy is very flexible for Staunton, VA residents, allowing them to adjust how the death benefit or cash component of the policy is allocated, and providing access to the underlying investments within the policy. With Variable Life Insurance, policyholders can choose individual stocks, bonds, mutual funds, and more to meet their specific needs and investment goals, providing an additional layer of protection to their financial future.
Do variable life insurance quotes in Staunton come with a cash surrender value?
Variable life insurance in Staunton, VA typically provides a cash surrender value feature, allowing policyholders to withdraw some or all of their cash value when necessary. In most cases, this value is determined by the current performance of the underlying investments linked to the policy. Generally, a policyholder can only collect the current cash surrender value, minus any outstanding liabilities, when choosing to cash out a variable life insurance policy.
What are the tax aspects of a variable life insurance policy Staunton?
The tax implications of variable life insurance will vary based on the state you reside in and your particular situation. In Staunton, Virginia, taxes may need to be paid on any insurance policies you own or premiums that you have paid. When premiums are paid, the amount is generally exempt from income tax. When the death benefit from the life insurance policy is paid, no income tax needs to be paid on the death benefit.
How often can I modify my investments in variable life insurance near Staunton?
In Staunton, VA, you may change your investment choices with variable life insurance as frequently as you wish. However, you should consider the potential consequences of making frequent changes, such as transaction fees or not being able to go back to a previous option. Reviewing with a financial advisor can help you make the best decisions for your individual goals. Additionally, the insurance provider for your policy may have specific rules regarding how often you may switch policies, depending on your contract.
Can I include riders in my variable life insurance quote Staunton?
Yes, you can add riders to your variable life insurance policy in Staunton, VA. The riders provide additional benefits and protection tailored to meet your particular needs. Although the exact riders available vary from company to company, some popular riders available in Staunton are accidental death, waiver of premium, grandchildren's rider, and accelerated death benefit. Consult with a life insurance professional to determine the riders that best fit your policy.
Variable life insurance provides policyholders in Staunton, VA with the benefit of estate protection, customizable policy features, and the potential for tax benefits. With variable life insurance, policyholders can customize the death benefit amount, premium costs, and investment options to best suit their needs while also securing financial assets for their family if the policyholder passes away unexpectedly. Variable life insurance policies can also offer financial protection, allowing an inheritance to be passed on tax free, and giving policyholders in Staunton, VA a great way to take care of their family before it's too late.
Can I upgrade variable life insurance policies near Staunton to another policy type?
Yes, you can upgrade your variable life insurance policy to another type of policy. Here in Staunton, VA, it is recommended to speak with an experienced insurance representative to discuss your options and determine the best policy for you to upgrade to. This is because an experienced representative can look at your overall financial picture, along with your individual goals, and provide tailored advice on the right policy for you specifically. Furthermore, they can help you understand any possible benefits and potential risks of switching your policy, and the cost of doing so.
Can I change investment options for variable life insurance in Staunton without tax effects?
In Staunton, VA, the good news is that you can switch between investment options without worrying about tax implications. The Virginia State Tax Code does not generally impose taxes on the transfer of investments from one to another. However, it is recommended that you contact your financial advisor or a qualified tax professional in Staunton that specializes in tax laws to ensure that you are following all regulations correctly and also to ensure that you are taking full advantage of the most favorable tax treatments.
How does my Staunton variable life insurance policy handle loan interest?
In Staunton, Virginia, policy loan interest for variable life insurance is treated as part of the policyholder’s cash accumulation account. This means that the policyholder can use the account to draw out cash each month, while the interest credited to the cash accumulation account is added to their policy’s loan balance. If the loan balance still has a balance on it upon the insured’s death, then the policy’s death benefit amount pays for the loan balance. If the loan balance is paid in full, then the entire death benefit goes to the beneficiary.
How do loans affect death benefits with my Staunton variable life insurance company?
Policy loans from variable life insurance policies may have a positive or negative impact on death benefits for Staunton, VA policyholders, depending on the terms and conditions. In general, policy loans taken out while the policy is in force may reduce the death benefit payable should the policyholder pass away; however, policy loans can be repaid before the policyholder's death to maintain the original death benefit. Additionally, policy loans can also be repaid from the policy's death benefit, so there is no financial strain on the remaining beneficiaries.
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