Variable Life Insurance Policies for Massachusetts Residents

Variable life or variable universal life insurance is another type of permanent life insurance coverage with the potential to build cash value.

If you’re like many people, your life insurance coverage needs may vary over time. Variable life also allows you, within policy guidelines, to determine the amount and frequency of your premium payments. It also allows you to adjust the death benefit of your policy up or down, as long as you pay the minimum required premium to keep the policy active.

Beyond the death benefit, a Variable life policy has a cash value feature that may accumulate from premiums you pay in excess of the policy charges (like cost of insurance or expense charges). This cash value may earn interest or grow in value, and these earnings are allowed to grow tax-deferred. The cash value may also decrease in value depending on the performance of the variable investment options you choose.

When you purchase a Variable life policy, you and your financial professional choose which investment options are suitable for you and how you want your cash value invested.

Most Variable life policies offer a wide range of investment options, from conservative to aggressive, and even include a fixed account. Your financial professional will work with you to select a combination of investment options that suit your risk tolerance and financial goals.

Variable Life offers:

• Flexible premium payments.
• Access to sub accounts offering the potential for greater cash accumulation but also the potential for greater market risk.
• Versatility in death benefit protection options.
• Tax-deferred cash value accumulation potential.

If you have any specific questions regarding any life insurance coverage we offer please call 1.866.3.INSURE or click here to fill out the life insurance request a quote form and have one of our knowledgeable agents contact you at a time that suits you best.