Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Suffolk, 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 Suffolk, 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 Suffolk, VA.
Frequent Questions...
Residents of Suffolk, VA who have long-term financial goals such as retirement planning and estate planning, as well as those who want the flexibility and potential to build cash value should consider purchasing variable life insurance. Variable life insurance offers both death benefit protection and the option to invest in professionally managed, market-based investment options such as stocks, bonds, money market funds, and mutual funds. With variable life insurance, policyholders can also take loans from the account, pay premiums with tax-free transfer of assets, and manage their cash values.
Are there early withdrawal penalties for variable life insurance quotes in Suffolk?
In Suffolk, VA, if you make an early withdrawal from the cash value, you will be subject to a 10% penalty. Furthermore, Virginia's early withdrawal penalty tax laws may apply and add an additional penalty to the amount withdrawn. Therefore, it is best to talk to a financial advisor about the consequences of early withdrawal before you make a decision. They can help you weigh all of the benefits and drawbacks associated with early withdrawal so you can make an informed decision that will best suit your financial interests.
With a variable life insurance policy Suffolk, can I decide where my premiums are invested?
With variable life insurance, you can choose where your premiums are invested in the financial markets of Suffolk, VA. You can select from a variety of funds that meet your investment goals such as stocks, bonds, mutual funds, and other securities. You can also choose from a range of strategies such as growth, value, or diversifying your portfolio. You'll receive different opportunities depending on your policy provider, but you can expect a wide range of potential investment options in Suffolk, VA through variable life insurance.
How often can I modify my investments in variable life insurance near Suffolk?
Residents of Suffolk, VA may make an unlimited number of investment choices through their variable life insurance policy. However, policy requirements do state that only one change can be made each policy year, so it would be wise to determine the best plan for your financial goals early in the year. Additionally, if you have any questions or concerns regarding your policy or making changes to it, you can always contact a professional for guidance.
Is there a minimum guaranteed return with a variable life insurance quote Suffolk?
Variable life insurance policies available in Suffolk, VA usually have a minimum guaranteed death benefit, though this does not apply to returns. Naturally, a policyholder expects that money in an allocated policy will have a return based on the performance of the underlying fund. Although the guarantee provides a pre-specified protection to the policyholder, past performance should not be taken as a guarantee of future returns. When considering variable life insurance, it's important to look closely at the underlying features of the policy and how it may impact your finances in the future.
In Suffolk, VA, there are certain guidelines that help guide policy related to fund transfers. These regulations are designed to provide maximum protection for citizens who engage in such activities. All transfers must comply with the Federal NACHA, FED government and Visa rules. Each customer should contact their specific financial institution for further clarification on the limitations of fund transfers as well as any additional restrictions that may apply. When engaging in fund transfers, it's important to be aware of potential holds, fees, limitations on timing and circumstances under which transactions can be reversed.
How does cash value growth influence death benefit with variable life insurance policies near Suffolk?
Variable life insurance in Suffolk, VA offers a death benefit that is tied to the growth of its cash value. As the cash value accumulates, the death benefit is greater than the policyholders' original premiums. With variable life insurance, individuals have control of how aggressively or conservatively to invest the cash value in stock, bond, and money market investments. This gives policyholders more control and flexibility over their death benefit than with most traditional life insurance policies, allowing for growth and protection.
Can I change investment options for variable life insurance in Suffolk without tax effects?
In Suffolk, VA it is possible to switch between investment options without any tax implication depending on the nature of the investment. Generally, individuals are able to switch between investments like mutual funds and stocks without any tax consequences, provided the investments are held in the same account. However, investors may have to pay taxes if they switch investments held in different accounts, so it is best to seek professional advice before any decision is made. The rules can vary from state to state, so it is important to be aware of the regulations in Suffolk, VA.
Can I use my Suffolk variable life insurance policy for retirement savings?
In Suffolk, VA, variable life insurance certainly can be used as a retirement savings vehicle. Providing a guaranteed death benefit, this type of insurance also supplies an opportunity to build the account value through investment options that range from stocks and bonds to mutual funds. Additionally, because premium payments are spread out through your working years, your premature death will not be an issue in determining the amount paid out to your beneficiaries. With a variable life insurance policy, you will have a certain degree of control over your investment selection and the potential to benefit from gains in the market.
Do I get dividends from my Suffolk variable life insurance company?
Yes, you can receive dividends from the investments within your variable life insurance policy, depending on the particular life insurance provider and the available plans offered in Suffolk, VA. Generally, a life insurance company will make available the option to receive cash dividends, which can then be paid out to you, or it can be reinvested back into the policy. Depending on your policy, you may also be able to receive dividend credits, which are tax-exempt and reduce the overall amount of your premiums.
Compare Suffolk, 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