Reader’s Question:

I know there is term life and permanent life coverage available in Bridgeport Connecticut. I have been told to look into variable life insurance. What can you tell me about these insurance terminologies? I am more than clueless with these things, you know.

Jaron

Bridgeport, CT

Hello Jaron,

You have it right, Jaron. Variable life insurance is a form of permanent life insurance. Variable life insurance is growing in popularity because it allows the owner the flexibility to manage their policy. One of the interesting features is that the owner can guarantee the death benefit for life or for shorter periods. Generally, there are three different death benefit selections available to most variable life insurance policies.

Perhaps one of the most appealing features of variable life insurance is that while serving as a form of permanent insurance with capabilities to generate tax-deferred cash value, the premium structure has some flexibility in terms of how payments are made. Variable insurance policy holders can participate in decisions about how the net premiums are actually invested. Many investors in Bridgeport, CT like this option as it can assist in increasing their cash value.

Variable life insurance policies usually appeal to individuals who like to handle or be active in their own investing. So, Jaron, if you are an experienced investor, variable life insurance may be a very good fit for you. Contact you agent in Bridgeport, CT who can discuss all risks and rewards of this dynamic coverage.

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