How to Find Inexpensive Variable Universal Life Insurance Rates
Variable universal life insurance is a flexible type of whole life insurance that builds cash value. It can be expensive, but you can find inexpensive variable universal life insurance rates by visiting an insurance comparison website. Here's how ...
Flexibility of Variable Universal Life Insurance
Variable universal life insurance lets you invest your insurance funds in mutual funds and other investment options.
The premiums are flexible, ranging from nothing in some months to the maximum the IRS allows in other months. So if you have extra cash, you can pay more toward your insurance, with the extra money growing tax-deferred. And if you're short on cash, you can pay less or even skip a month, letting the policy’s accumulated cash value pay the remainder of the monthly charges.
Find Inexpensive Variable Universal Life Insurance Rates
When you choose to invest in variable universal life insurance, you want an affordable policy that will take care of your family’s needs. To find such a policy, start by going online and visiting an insurance comparison website. On these sites, you'll complete a form with information about your desired insurance coverage, job, hobbies, and health.
On the best comparison websites, you'll be able to talk with insurance professionals through an online chat feature or by a toll-free telephone service, to get accurate answers to all your life insurance questions. (See link below.)
Comparing your Quotes
Once you submit your insurance information, you'll receive fast quotes from multiple A-rated companies. You will then be able to compare the quotes and choose an inexpensive variable universal life insurance policy that best suits your needs.
Of course, in addition to choosing an inexpensive rate, you also want to choose an insurance company that's safe and reliable. Before you decide on a company, check A.M. Best (ambest.com) and Standard and Poor's (standardandpoors.com) websites to see the ratings of the company you're considering.
The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on getting inexpensive variable universal life insurance rates.