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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 Wilmington, NC. 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 Wilmington, NC.
Frequent Questions...
Variable life insurance is a type of financial asset-based life insurance offering policyholders in Wilmington, NC greater financial flexibility than traditional life insurance policies. Unlike fixed life insurance policies, variable policies provide a death benefit while also allowing participants to invest in different accounts, such as stocks or bonds, on a tax-deferred basis. Additionally, policyholders can gain access to a death benefit by withdrawing funds without triggering a tax consequence. Furthermore, the performance of the investments chosen will dictate the value of the policy, meaning that policyholders can enjoy potentially greater returns than with traditional life insurance options.
Are there early withdrawal penalties for variable life insurance quotes in Wilmington?
The short answer is yes, there can be penalties for early withdrawals from the cash value of a policy in Wilmington, NC. Generally speaking, you may be subject to tax consequences or surrender fees if you take money out of the cash portion of a life insurance policy before age 59 and a half, although there are certain exceptions that may apply. Depending on the type of policy and how it is structured, policy owners may be allowed to withdraw up to the amount of premiums paid without a penalty.
Can I withdraw or borrow from a variable life insurance policy Wilmington?
Yes, you can withdraw or borrow from the cash value of your variable life insurance policy in Wilmington, NC. Depending on the type of policy and specific terms, up to your account’s available cash value can be taken out or borrowed against with tax considerations. Usually, advances from the policy are accessed with a loan or a withdrawal from the policy, and these advances, if taken, will reduce the policy’s cash value and death benefits. With some policies, policyholders may choose to customize their withdrawal or borrowing strategy.
What fees are there with variable life insurance near Wilmington?
In Wilmington, NC, the fees associated with variable life insurance depend largely on the type and amount of coverage purchased and the specific insurer. Commonly, these fees can include an initial medical exam fee, an application fee, policy maintenance fees, policy surrender fees, and mortality and expense fees. It is important to research variable life insurance options and compare the associated fees to find the best coverage for you in Wilmington, NC.
Is there a minimum guaranteed return with a variable life insurance quote Wilmington?
Variable life insurance in Wilmington, NC provides death benefit protection, but the cash value accumulation is not a guaranteed return. Instead, it will vary based on the performance of the underlying investments in the separate account options. It is important to note that these investments come with background risks, and thus there is no assurance that they will provide any return or an increase in their value. Neither the owner of the policy nor the insurer can guarantee a return, so anyone considering this type of policy should consider their own tolerance for risk with this type of coverage in mind.
The death benefit typically varies based on the investment performance in Wilmington, NC. Generally speaking the higher the performance of the investments, the greater the value of the death benefit payable. A financial professional could help you determine the exact value of your death benefit difference in relation to investment performance in the area. Additionally, a professional could help you make informed decisions that would ultimately result in a higher return and greater value to your death benefit.
How does cash value growth influence death benefit with variable life insurance policies near Wilmington?
In Wilmington, NC, the cash value growth in variable life insurance affects the death benefit in a unique way. As your cash value grows, it adds to the overall death benefit of your policy, adding another layer of financial security to your beneficiaries once you pass away that reaches beyond the death benefit initially promised. Ultimately, this cash value accumulation can allow you to reach a higher overall death benefit amount on your policy. This means that variable life insurance gives policyholders the assurance that their beneficiaries will be taken care of beyond the traditional payout promised.
Does all variable life insurance in Wilmington offer the same investments?
No, not all variable life insurance policies offer the same investment options. In Wilmington, NC, there are a variety of variable life insurance policies for consumers to choose from, each offering different investment options. Customers can find options that include a range of stocks, bonds and mutual funds as well as more tailored options such as options dedicated to socially responsible funds and funds that target a particular region. It is important to research the different options available in order to determine which variable life insurance policy best fits your needs and investment goals.
How does my Wilmington variable life insurance policy handle loan interest?
In Wilmington, NC, policy loan interest on variable life insurance is generally treated as an appendage to policyholder’s premium payment, and is thus included in the initial premium payments. All paid policy loan interest will increase the death benefit, so neither the policyholder nor their beneficiaries are taxed on the unpaid loan interest throughout the loan period. The loan interest is paid by reducing the cash value of the policy in the form of borrowed funds, which means that if the policyholder desires to terminate the policy, they will need to repay the outstanding loan interest.
What's the typical duration of terms with a Wilmington variable life insurance company?
The typical duration of a variable life insurance policy in Wilmington, NC will vary depending on the plan you choose. Generally, variable life insurance policies tend to have longer terms than other life insurance policies. Policies may range from 10 to 30 years, with some policies available for as long as the policyholder lives. You may also choose to add additional features or riders that can extend the duration of the policy. It's important to speak with an experienced agent to determine which policy duration is best suited for your particular needs.
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