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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 Torrance, CA. 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 Torrance, CA.
Frequent Questions...
A variable life insurance policy is a type of life insurance that is tailored to meet the needs of Torrance, CA residents. It includes two primary components. The first is a cash value account that is invested in order to grow tax-deferred. This allows money to be used for various purposes such as retirement income and additional protection for family heirs. The other component of a variable life insurance policy is a death benefit, which pays out a lump sum or income to family members should the policyholder pass away. Together, these two components make up the primary components of a variable life insurance policy.
Are there early withdrawal penalties for variable life insurance quotes in Torrance?
In Torrance, California, there are penalties for early withdrawal from the cash value of your account. Financial institutions are legally bound to impose penalties for early withdrawals, and these penalties can lead to a significant decrease in your total savings. Withdrawing money before the predetermined maturity date can incur taxes and surrender charges, as well as a reduction in the account’s guaranteed cash value.
How does the cash value work for a variable life insurance policy Torrance?
Torrance, CA residents looking for more flexible life insurance options may be interested in learning how the cash value component works in variable life insurance. The cash value of a variable life insurance policy works similarly to a savings account, as any extra funds within the policy can be withdrawn or borrowed against in the future. Additionally, the cash value will grow based on the performance of the investment account that is optimally allocated by the policy owner. This type of insurance policy provides the policyholder with the flexibility to choose their investment risk-level and potentially increase the return on the cash value funds.
Do I need to understand investments for variable life insurance near Torrance?
In Torrance, CA, no -you do not need to be investment-savvy to purchase variable life insurance. The best life insurance companies will provide their customers with trusted advisors to help them make an informed purchasing decision. They will evaluate your current financial situation and future goals to determine which variable life insurance is most suitable for your needs. With their help and guidance, you can have peace of mind knowing that the variable life insurance policy purchased is exactly what you need.
How does a variable life insurance quote Torrance handle dividends?
In Torrance, CA, dividend payments from variable life insurance are treated as regular income. Dividends are determined each year and typically paid out in a lump sum during the policy year. Depending on the withdrawal option chosen, the dividends remain as an additional death benefit or become available as income for the policyholder. If withdrawals are made, the policyholder will owe taxes on the dividends, as with dividend income from any other investment. When dividends accumulate in the policy, however, they increase the death benefit and are not subject to taxation.
Variable life insurance is an excellent option for beneficiaries in Torrance, CA seeking short-term coverage needs. Variable life insurance is uniquely tailored to the insured’s needs, allowing them to adjust coverage as needed. Furthermore, the policy holder will have the opportunity to invest in the underlying investment options in the policy. This flexibility makes variable life insurance the ideal choice for any short-term goal or challenge in Torrance, CA. Having variable life insurance as a backup should any unexpected medical costs or bills arise is an effective financial security measure.
Can I direct specific investment strategies for variable life insurance policies near Torrance?
Yes, policyholders in Torrance, CA can dictate specific investment strategies for the cash value of their life insurance policy. However, the choice of investments permitted by the insurance carrier must meet the carrier's underwriting requirements. These requirements often restrict the policyholder from investing in riskier securities, such as those found in emerging markets or those with high volatility. Furthermore, some carriers may also place a cap on the amount of investment the policyholder can make in an individual stock or security.
Are management fees for variable life insurance in Torrance similar to mutual funds?
The management fees for variable life insurance in Torrance, CA may be comparable to regular mutual funds, but the details may vary depending on the type of insurance and provider. Generally, variable life insurance has an annual management fee that consists of a one-time commission plus an annual administration fee. Compared to mutual funds, the commission is usually paid only once, and the annual administration fee for variable life insurance tends to be lower than the annual fees associated with mutual funds. That said, it's best to speak with a local financial advisor to compare the details of individual policy fees.
Is the cash value in my Torrance variable life insurance policy safe from creditors?
In Torrance, CA, the cash value of variable life insurance is indeed protected from creditors due to Property Exemption Laws. These laws specifically exclude life insurance policies and their associated cash values from consideration in any bankruptcy proceedings. This protection remains valid regardless of how long the policy has been in force or how much money has accrued to the policyholder in terms of the cash value. Additionally, any benefits paid out due to the death of the policyholder are exempt from creditors under California law.
Do I get dividends from my Torrance variable life insurance company?
Yes, if you have invested in a variable life insurance policy in Torrance, CA, you may be eligible to receive dividends. Depending upon the type of policy you select, you may also be able to reinvest these dividends, which can help you to earn a higher rate of return. Ultimately, these dividends can be used to help you reach your long-term financial goals. Furthermore, dividends may be partially or fully taxable, depending upon the policy you select and your individual tax situation. It is therefore important to speak to a knowledgeable tax advisor to determine your individual circumstances.
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