Take a moment to examine what is involved in getting a variable life insurance quote.
Check out the procedures and requirements for getting a quote and subsequently a policy.
Variable life insurance is
permanent life insurance
for those people who have some money to invest. This is like buying stocks with a
whole life insurance
This type of insurance gives you the opportunity to choose the type of investment portfolio in which your money will be invested. You can have your money invested in securities such as stocks, bonds, money market etc.
What will happen to your family when you die? Would they be provided for? Life Insurance is the solution and we can help. Compare Multiple Quotes from Highly Ranked Carriers and Save up to 70%! Getting your quote is easy and FREE. Click Here And Save
You therefore have the tremendous opportunity to make huge profits on your money while it accumulates tax free. When you get your variable life insurance quote you will see that you get to choose the investment in which your money goes. As a result you also bear the risk. You should do your research before you ask for a quote on variable life insurance.
The variable life insurance policy has a guaranteed death benefit which is based on an assumed interest rate. This interest rate varies from company to company, but is usually about 4%.
Your money is invested in a separate account, in other words, separate from the life insurance policy. You decide how much of your money is applied to life insurance and how much goes toward investment. You can choose stocks, bonds, money market or other investment instruments, with the intent of gaining the highest yield available.
Your variable life insurance quote must be accompanied by a prospectus. This should be carefully read. These policies are regulated by the Securities And Exchange Commission, and the Commissioner Of Insurance of the particular State. The agent must have an N.A.S.D, National Association OF Securities Dealers, license in addition to his license to sell life insurance.
The agent you deal with regarding your variable life insurance
quote will show you that you can take a loan from your variable life
insurance policy, however, there are certain things you need to think
about before doing so. A policy loan reduces the cash value of the
policy and also the face amount.
Let us assume you took a $25,000 policy loan from your policy. Before the loan the cash value was $50,000 and the face amount of the policy was $500,000. After the loan the cash value becomes $25,000, and the death benefit becomes $475,000.
Now, you decide to repay the loan. Your cash value reverts to
$50,000 plus, whatever the cash value increase was while you had the
loan, but, the death benefit may or may not revert to the original
$500,000. You see, this depends on whether or not you are insurable at
If you are not insurable the death benefit would remain at $475,000, plus, any paid up additions earned on the policy during its lifetime. If you are insurable the death benefit would revert to $500,000, plus, the paid up additions. This is just one of the many reasons why you should read your prospectus, carefully, when you get a variable life insurance quote.
It is important that you bear in mind that there is no guarantee on the investment portion of your policy. The cash value fluctuates. In other words it goes up and down depending on the performance of the particular investment fund. If you enjoy watching the market then a variable life insurance quote may be good for you.
Shop and compare Insurance Rates from 100's of the Top Carriers.
Get the Best Quotes possible. Save up to 70%. Click Here For Free Quotes
Home Term Life Insurance Quotation Permanent Life Insurance Variable Life Insurance Quote Estate Planning Life Insurance Settlement Family Protection Annuities Non Medical Life Insurance Financial Security Old Life Insurance Universal Life Insurance Variable Universal Life Insurance Waiver Of Premium Accidental Death Benefit Affordable Life Insurance Inexpensive Term Life Insurance Best Life Insurance Quote Cheap Term Life Insurance Return Of Premium Life Insurance Return Of Premium Term Life Insurance Risk Appraisal Risk Appraisal Criteria Selling A Life Insurance Policy Single Premium Life Insurance Sole Proprietorships Straight Life Insurance Term Insurance Quote Term Life Insurance At Retirement Term Life Insurance Comparison Term Life Quote Universal Life Insurance Variable Annuities Viatical Settlements Whole Life Insurance Advice Yearly Renewable Term Life Insurance Your Life Insurance Quotes
Should life insurance buying be seen as an urgent matter? There is something about some people that at times may cause them to procrastinate about matters that could end up being quite costly...
Let us talk affordable term insurance. You want a policy that can fit into your budget, right?
It can be a very satisfying feeling when you become aware of the advantages of whole life insurance for the first time.
The best term life insurance rate can be quite easily found on the internet today because web insurance companies have done intense research on behalf of the consumer.
I recently did some research on the development of the 30 year term insurance policy over the years. What I learned was quite interesting.