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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 Upper Montclair, NJ. 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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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 Upper Montclair, NJ.
Frequent Questions...
A variable life insurance policy in Upper Montclair, NJ typically includes four principal components: a death benefit, an investment component, cash withdrawal privileges, and a flexible premium. The death benefit provides financial protection to your named beneficiaries in the event of your untimely death; the investment component consists of several mutual fund options; cash withdrawal privileges enable you to access funds if needed; and the flexible premium portion allows you to deposit varying amounts of money depending upon one's financial situation. As such, variable life insurance policies provide much needed security as well as additional financial flexibility.
Are there early withdrawal penalties for variable life insurance quotes in Upper Montclair?
Yes, there may be fees or penalties associated with taking money out of its cash value before a predetermined age. In Upper Montclair, NJ, it is important to understand the terms and conditions of each investment product you pursue and contact an experienced financial advisor to get a better understanding of the fees that youβd be liable to pay. Your advisor will be able to explain the specifics of your policy and advise you if itβs in your best interest to take early withdrawal from the cash value.
How does the cash value work for a variable life insurance policy Upper Montclair?
The variable life insurance cash value component works differently in Upper Montclair, NJ than in many other parts of the country. This type of policy offers flexibility to the policyholder as it allows money to be set aside in an account that is invested in separate accounts such as stocks, bonds, mutual funds, etc. Depending on the performance of the invested funds, the cash value can grow or decline, providing policyholders the opportunity to participate in a wide variety of markets that can be tailored to their individual needs and objectives.
Do I need to understand investments for variable life insurance near Upper Montclair?
In Upper Montclair, NJ investing in variable life insurance does not require extensive knowledge of finance and investments. The financial professionals at MetLife in Upper Montclair are experienced and qualified to provide their customers with the guidance needed to evaluate the options and select the coverage that best suits their needs and financial goals. Anyone considering variable life insurance should be confident they can trust the experts to assist them in making a financially secure and beneficial decision.
Is there a minimum guaranteed return with a variable life insurance quote Upper Montclair?
Variable life insurance offered in Upper Montclair, NJ, is a form of permanent insurance that features a variety of investment options and the potential for greater returns based on the performance of those investments. Because returns are linked to the performance of underlying investments, there is no minimum guaranteed return with variable life insurance. However, variable life policies do provide a death benefit guarantee regardless of the performance of the investments and the ability for policyowners to access their cash value before the policy matures.
Variable life insurance may not be the best option for those seeking a short-term coverage need in Upper Montclair, NJ. Although variable life insurance policies can provide policyholders with the potential for greater returns on their investments, there is more risk involved. Additionally, most variable life insurance policies have a longer time horizon for building an investment account. As such, it may not be the most suitable for those looking for short-term coverage.
How does cash value growth influence death benefit with variable life insurance policies near Upper Montclair?
Variable life insurance provides an excellent opportunity to benefit from the cash value growth in Upper Montclair, NJ. The cash value of the policy accumulates over time and, depending on the performance of the investments that it is tied to, could generate a significant financial benefit for the policyholder's beneficiaries through the death benefit at the end of the policy's term. For instance, if the cash value has increased substantially, the death benefit could equal the policyholder's total premium payments, plus the value of the policy's cash component.
How can I monitor performance of my variable life insurance in Upper Montclair?
In Upper Montclair, NJ, tracking the investment performance of your variable life insurance is easy. A good starting point is to contact your insurance provider and ask for a statement summarizing the performance of the investments, such as yearly returns, asset allocation, and fees. Additionally, if the investments are kept separate from your insurance company, you may be able to check your accounts online and access reports about the performance of the investments. If you need assistance understanding these reports, financial advisors in the Upper Montclair area are excellent resources who can help you understand and track the progress of your investments.
Can I use my Upper Montclair variable life insurance policy for retirement savings?
Variable life insurance can be a helpful retirement savings vehicle for Upper Montclair, NJ residents. It can provide the potential for tax-deferred savings, which can help maximize the return on your investments. Variable life insurance has the potential to grow cash value over time, allowing you to invest for the long-term to potentially build and protect your retirement nest egg. This type of coverage also has a death benefit, which can provide financial protection for your family from eventualities such as death, illness, or job loss.
Do I get dividends from my Upper Montclair variable life insurance company?
Yes, Upper Montclair, NJ residents may receive dividend payments from their variable life insurance investments depending on the terms of their policy. These dividends are typically paid out (based on the insurance company's discretion) when the policy value increases or decreases or when investable funds perform better than expectations. The amount of the dividend will depend on the performance of the funds chosen, which may impact its potential benefit. Dividends should only be considered as a bonus and should not be relied upon when setting premiums as performance of funds can vary year to year.
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