Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 West Chicago, IL 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 West Chicago, IL. 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 West Chicago, IL.
Frequent Questions...
A variable life insurance policy offered in West Chicago, IL typically includes four primary components: a death benefit, an investment component, a policy fee component, and a policy agreement. The death benefit is the predetermined sum of money that will be paid out in the event of a policyholder's death. The investment component consists of a collection of mutual funds that the policyholder can choose from in order to try to achieve greater growth potential and increase the cash value of the policy. The policy fee component covers administrative costs associated with the policy and is listed in the policy agreement.
Can I use my variable life insurance quotes in West Chicago as collateral?
Yes, it is possible to use variable life insurance as collateral for a loan in West Chicago, IL; however, you should take the time to fully research the terms and conditions associated with doing so. Although it is an option and could provide assist you financially, it is important to understand that such a situation could be risky for both parties involved in a loan agreement. It is best to speak with a qualified financial advisor to understand the various complexities and risks associated with using variable life insurance as collateral and to discover if it is the right decision for your specific situation.
How does the cash value work for a variable life insurance policy West Chicago?
Variable life insurance in West Chicago, IL contains a cash value component that allows you to build a savings feature that can be used for future needs. As you make your regular life insurance payments, a portion of those funds are deposited into the account, where they accumulate earnings. You can access that money at any time in the form of a loan or withdrawal and use it for any purpose, like paying college tuition, making a major purchase or supplementing retirement funds. Make sure to check with your provider on the tax implications of making withdrawals.
Is there a death benefit guarantee with variable life insurance near West Chicago?
West Chicago offers variable life insurance that may include a guaranteed death benefit depending on the policyholder's specific contract. There are certain requirements that must be met for the death benefit to be payable including policy ownership requirements and payment history. Speak to a licensed life insurance agent in West Chicago to learn the details about your policy and if it includes a guaranteed death benefit.
What are the surrender fees for a variable life insurance quote West Chicago?
Surrender charges for variable life insurance in West Chicago, IL, varies depending on the specific policy. Generally, these charges involve a penalty for the policy holder if they choose to cash out their policy before a certain length of time. The longer the policy is in force, the lower or non-existent the surrender charges will be. Additionally, surrender charges are usually expressed as a percentage of the policy total.
The death benefit provided by an investment in West Chicago, IL is dependent on the performance of the investment. Generally, if the investment performs well, the death benefit increases. The performance of the investment also determines the amount of the death benefit that will be made available for the beneficiaries. In contrast, if the investment performs poorly, the death benefit will decrease, meaning anything beyond the base amount of the death benefit will not be available for the beneficiaries.
Can I direct specific investment strategies for variable life insurance policies near West Chicago?
The policyholder in West Chicago, IL is not able to dictate specific investment strategies for the cash value. Cash value will be invested according to the products chosen, existing regulations and the terms of the contract. The amount invested and rate of return on the cash value will depend largely on market and economic conditions and the policyholder does not have direct control over the investments. The policyholder can, however, select the product type and determine the coverage options that are offered in their policy.
How regularly should I check my variable life insurance in West Chicago?
Living in West Chicago, IL, the best advice would be to review your variable life insurance policy regularly but at least every year. By checking in annually, you can stay on top of any changes to financial markets or other variables that could affect the performance of your policy. Doing this can also help to ensure that the policy still meets your needs and goals; if not adjustments can be made quickly and easily and can help to optimize the policy benefits.
How liquid is the cash value of my West Chicago variable life insurance policy?
In West Chicago, IL, the cash value of a variable life insurance policy is determined by the performance of the investments backing it. Generally, the cash value in these policies is liquid, meaning it can be accessed by the policyholder in a relatively short amount of time. Furthermore, in some states, such as Illinois, policyholders may be able to borrow a portion of the cash value from the policy without having to surrender the policy, allowing for added liquidity.
Can I convert from term life insurance with a West Chicago variable life insurance company?
Converting from a term life insurance policy to a variable life insurance policy in West Chicago, IL is typically possible, depending on the company you've chosen for your initial policy and their specific regulations. It is usually necessary to consult with a qualified insurance agent familiar with local policies in order to acquire documentation of eligibility and requirements for the conversion process. This agent can also aid you in creating a personalized strategy that best fits your needs now and in the future while adhering to all of the regulations governing the conversion.
Compare West Chicago, IL 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