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With PolicyHub you get to compare over 37 Wakefield, MA Variable Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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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
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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.
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 Wakefield, MA. 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.
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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 Wakefield, MA.
Frequent Questions...
Variable Life Insurance policies are uniquely suited for those living in Wakefield, MA as the value of the coverage is determined by the performance of variable subaccounts, typically investment funds. This flexibility provides policyholders with the opportunity to benefit from different financial markets with their life insurance coverage, while also providing protection in the event of death. In contrast, other life insurance policies generally provide a fixed death benefit based on a single factor taken into account at the time of purchase. Variable life policies however, can be tailored to an individual’s needs over the life of the policy.
Can I cancel my policy after getting variable life insurance quotes in Wakefield?
Yes, you can cancel your variable life insurance policy in Wakefield, MA. You have the right to terminate your policy at any time for any reason. In order to cancel your policy, you will need to provide written notice to your insurance provider. The notice should include your policy number, your name, your address, and the date you would like the cancellation to take effect. A fee may be charged for any amount of premium that has accrued since the policy was issued. Once the insurance provider receives notification from you of the cancellation, you will cease to be covered by the policy.
Can I withdraw or borrow from a variable life insurance policy Wakefield?
Yes, you can withdraw or borrow from the cash value of your variable life insurance policy if you're a resident of Wakefield, MA. To do so, contact your insurance agent for details on how to access the cash value from your policy. Depending on your policy and the company you've chosen, the exact process can vary, so it's best to get in touch with your agent to get the full picture. Once they provide you with the necessary forms, you can fill them out and proceed with withdrawing or borrowing cash based on the policy details.
What fees are there with variable life insurance near Wakefield?
In Wakefield, MA variable life insurance comes with fees associated with policy renewal and investment accounts. Variable life insurance policies usually require the policyholder to pay an annual fee, which covers the costs of administering the policy and any coverage. Investment accounts associated with the policy are funded either wholly or partially by the policyholder and may come with maintenance fees, such as asset management fees, brokerage fees, or transaction fees. It's important to factor in all of these fees before investing in variable life insurance.
Is there a minimum guaranteed return with a variable life insurance quote Wakefield?
Yes, variable life insurance offers a minimum guaranteed return to those living in Wakefield, MA. The guaranteed return provides clients with additional assurance that their policy will pay out at least the minimum stated amount upon maturity. Furthermore, a variable life insurance policy has the potential to provide an additional return above the guaranteed amount based on the policy's performance. When calculated over the duration of the policy term, those living in Wakefield, MA can be further assured that their policy will provide them with an overall return on their investment.
All fund transfers within the policy for Wakefield, MA must adhere to the state regulations and applicable banking laws. Additionally, many financial institutions, including banks, impose their own internal limits on the amount that can be transferred from one account to another. It is important to understand the details of your fund transfer policy before initiating a transfer, including any applicable fees and other related regulations. Depending on the type of account and the institution, these transfers may be subject to maximum daily, weekly, or monthly limits.
Do variable life insurance policies near Wakefield provide guarantees on returns?
Variable life insurance is a unique form of cash value life insurance that allows policy owners in Wakefield, MA to allocate part of their policy's premium payments towards investments. However, since these investment options are subject to market risk, there is no guarantee of a return on your investment. Rather, potential returns depend on the performance of the underlying investments and can fluctuate from year to year. For those wishing to protect against the possibility of losses, it is important to consider the contribution of each asset to the overall portfolio and to practice diversification.
How regularly should I check my variable life insurance in Wakefield?
In Wakefield, MA, we recommend that policyholders review their variable life insurance policies annually or when major life changes occur. This is to ensure they understand the terms and conditions of the policy providing life insurance coverage. An annual review is also a great time for policyholders to evaluate their financial goals and align their policy to meet those goals. Furthermore, policy rates can occasionally change, and it's important to ensure the policy is still competitive with the current market offerings.
Is my Wakefield variable life insurance policy considered permanent life insurance?
Variable life insurance is not technically a type of permanent life insurance, since the death benefit of a variable life insurance policy changes depending on the performance of the investments you make within the policy. For anyone living in Wakefield, MA, it is important to take a personalized approach when considering the right life insurance strategy for your needs. After considering your unique goals and financial objectives, a qualified specialist can assess your situation and provide you with the information needed to decide if variable life insurance is the right solution for you.
Can I convert from term life insurance with a Wakefield variable life insurance company?
Converting a term life insurance policy into a variable life insurance policy is a significant decision and it is important to work with a knowledgeable insurance advisor who can help you make the right decision for your specific situation. In Wakefield, MA, you can contact Baystate Financial which has a team of advisors to help plan for your long-term financial needs. They can explain the differences between term and variable life insurance, and advise you on the best move in order to meet your financial objectives. They are knowledgeable about the laws and regulations that can impact your insurance decisions and can guide you on the best path.
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