Compare over 37 Variable Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Woodridge, 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 Woodridge, 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 Woodridge, IL.
Frequent Questions...
Variable Life Insurance allows customers from Woodridge, IL the flexibility to select from a wide variety of sub-accounts, allowing policyholders to customize their policy to meet their individual needs. Unlike other life insurance policies, such as Whole life and Term life, Variable Life Insurance includes a feature known as a "cash value" which works like an investment component with the underlying stocks, bonds and mutual funds within the policy. Customers living in Woodridge, IL get this added benefit and have the potential to realize greater return on the money being invested within the policy over a long-term commitment.
Are there early withdrawal penalties for variable life insurance quotes in Woodridge?
Yes, there are penalties for making early withdrawals from a cash value in Woodridge, IL. Depending on the terms of your policy, you may incur surrender charges as a result of early withdrawal. Additionally, it can reduce the benefits available to you as future income and death benefit for policy holders. Taking money out of the cash value will also reduce the policy's death benefit, which may cause the policy to lapse. It's important to understand the terms of your policy when it comes to early withdrawal before taking any action.
What potential risks are there with a variable life insurance policy Woodridge?
The potential risks associated with variable life insurance are particularly pertinent to Woodridge, IL citizens, due to the high cost of health and care services in the area. Variable life insurance policies can offer substantial death benefits, but the associated investment risks are much higher than those of traditional forms of life insurance. Your policy will be invested in the stock market or other riskier options, so there is a chance you could lose your entire premium if your investments do not perform well. Furthermore, if the markets decline, the cash value of your policy can decrease, resulting in a substantial reduction of benefits.
How transparent is the investment performance of variable life insurance near Woodridge?
Woodridge, IL clients of variable life insurance policies can rest assured that their investment performance is highly transparent. Clients have access to 24/7 online account information, as well as reports and statements with performance data that can be viewed at any time. Account executives and customer service representatives are available to answer any questions or discuss any concerns that may arise. Additionally, given that variable life insurance offers a variety of investment options, clients are provided with regular advice on suitable investment choices and have the ability to adjust their portfolios at any given time.
What are the surrender fees for a variable life insurance quote Woodridge?
At Allroads Insurance in Woodridge, IL, surrender charges for Variable Life Insurance will depend on the particular policy chosen. Generally, these charges may range from 6% to 12.5% and may be applied to the policy for up to one year. Some policies allow the surrender of units without the imposition of a surrender charge, while others establish a flexible premium period, which permits the policyholder to avoid the surrender charge for a certain period of time. Ultimately, you would need to discuss your individual policy and provider to determine the exact surrender charges for your Variable Life Insurance plan.
The death benefit provided through investments in Woodridge, IL can vary depending on investment performance. Your investment's growth or returns may impact the death benefit itself, with a higher return likely yielding a larger death benefit amount. Additionally, some investments may have the option of an accelerated death benefit, typically paid out when the investor becomes terminally ill. This option will ensure that both the investor and their family are still provided for even amid difficult financial circumstances.
Do variable life insurance policies near Woodridge provide guarantees on returns?
Variable life insurance offers no guarantee of returns or protection from investment losses, making it generally unsuitable for conservative Woodridge, IL investors. With variable life insurance, the returns and cash value of the policy are based on the performance of the underlying investments, which generally consist of stocks, bonds and mutual funds. Woodridge, IL investors should understand that with variable life insurance, return rates and the age of maturity may fluctuate significantly depending on the performance of the investments chosen.
Can I change investment options for variable life insurance in Woodridge without tax effects?
In Woodridge, IL, generally, you can switch between investment options without taking on additional tax implications as long as the investment options in question are both tax-advantaged. To be sure that you aren't subjecting yourself to any liabilities, it is always best to consult with a tax professional or a financial advisor in your area to help you determine the best course of action. Ultimately, you should feel comfortable and confident in your investment decisions.
How does my Woodridge variable life insurance policy handle loan interest?
In Woodridge, IL, the policy loan interest for variable life insurance is treated as an additional withdrawal when determining the policy's cash surrender value. This means that the policy loan interest reduces the amount of money available to pay premiums or cash in the policy if the policy holder decides not to continue with the policy. Additionally, the policy loan interest is a type of in-force lifetime withdrawal and can reduce the death benefit of the policy in the future. Therefore, policyholders should take extra care to consider the potential implications of a policy loan in variable life insurance plans before electing to take out a loan.
How do loans affect death benefits with my Woodridge variable life insurance company?
Policy loans from variable life insurance can have an impact on the amount of death benefit received in Woodridge, IL depending on your specific policy. In general, policy loans taken from a variable life insurance policy will reduce the amount of death benefit payable at the insuredβs passing since the loan balance will have to be paid to the insurance company prior to paying the beneficiary any remaining death benefit. If not paid off prior to death, a policy loan balance will reduce the final death benefit β so it is important to consider how taking out a policy loan could impact future distributions.
Compare Woodridge, 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