Variable Life Insurance Quotes
The essential function of life insurance is to protect your family’s financial well-being in the event of your untimely demise. Life insurance is a delicate topic that many people delay making a decision on until the last possible moment.
InsuranceUSA.com strives to make the process of buying life insurance as pleasant and efficient as possible, helping you avoid mistakes by having a competent grasp on how life insurance functions. We think you should know as much as possible so you can make informed policy choices.
When shopping for a life insurance policy, you will quickly find there are many different policies from which to choose. Fortunately, InsuranceUSA.com is here to help you cut through the confusion with clear and concise information on various life insurance types and plans.
Variable Life Insurance
Variable Life Insurance, or Variable Appreciable Life Insurance, is another type of permanent life insurance that accumulates cash value while providing protection your beneficiary when you die.
It is called variable life insurance because it allows you to appropriate a portion of your premium to separate accounts. These accounts consist of investment funds within the insurance company’s portfolio. The drawback of this is that the cash value policy depends on the performance of the investment funds.
While variable life insurance’s death benefit is guaranteed not to fall below a certain minimum, its cash value is typically not guaranteed. As a result of investment risks, this type of whole life insurance is considered a securities contract and, per federal securities laws, must be sold with a prospectus.
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When shopping for a life insurance policy, you will quickly find there are many from which to choose. Different insurance companies often offer rates that differ greatly, and it pays to shop carefully for the lowest premiums, excellent customer service, and a strong financial reputation.
So what are you waiting for? InsuranceUSA.com is here to help you find the life insurance policy that best fits you and your personal situation while remaining affordable. Get started now and sleep well at night knowing your family and loved ones will be provided for, no matter what happens!