We offer a range of great variable life insurance policies to help you plan for your future.
Our team at Elite Benefits Group has extensive experience in the insurance industry, and one of the many types of coverage we offer is life insurance. When choosing life insurance, it’s important to review your options and select the right plan for you and your family.
The type of life insurance people tend to be most familiar with is whole life insurance, which covers the policyholder for their entire life and pays out a death benefit upon their passing. However, another type of policy to consider is variable life insurance, which offers flexible premiums and a flexible death benefit.
To put it simply, variable life insurance is a form of permanent life insurance with a built-in investment component. This kind of policy includes a cash-value account, which is then invested into multiple sub-accounts. As those investments earn money, the cash value of your policy will increase as well. However, the variable nature of this type of policy means things can also work in the other direction—as market shifts down, your cash value can decline. Still, variable life insurance policies offer great utility. Not only is the value of life insurance accounts not taxed as highly as income, but you can also borrow against that value to fund other projects.
We are proud to serve the community here in Anson County, North Carolina, and we want to help you prepare for the future and take steps to give your loved ones financial security. If you are interested in learning more about our variable life insurance plans, simply give us a call.