InsuranceAgents.com Discusses Variable Life Insurance Policies

With how important families are, it’s important to leave them with permanent financial protection. There are many life insurance policies available to those who are looking to invest in one, but people who like to have more options at their disposal should strongly consider a variable life insurance policy. A recently published article on InsuranceAgents.com reveals the significance of a variable policy.

“As with other life insurance policies, a variable policy provides your beneficiary with permanent protection once you pass away,” the article, Variable Life Insurance Policy: More is Better than Less, describes. “Despite the protection, many people neglect to purchase a life insurance policy simply because it’s too linear for them. A variable life insurance, however, is unlike any insurance policy you’ll ever come across.”

While a variable life insurance policy comes with all of the benefits of a standard life insurance policy, it differentiates itself by it also allowing the policyholder to divide a portion of the premium dollars to a separate account, typically made up of investment funds. These types of investment funds include: equity, money market, bond, and stock funds, among others.

If an investment fund does poorly, however, an investor will have less money available for the premiums. The policy’s cash value and death benefit may decrease as well, meaning investors will have to put in more work to keep the policy active.

“Despite these obstacles, a variable policy offers plenty of punch to its holders,” the article emphasizes. “If you’re tired of the same old benefits a standard life insurance policy offers, contact your life insurance agent and inquire about how a variable life insurance policy can spice things up for you.”

Staff contribution: Rafael Onak

Contact Information

Tom Lustina

External SEO Director

InsuranceAgents.com

Contact via E-mail