Variable Life Insurance in Lena, MS

What variable life is, in plain words

Variable life is permanent coverage. Part of each premium pays for the insurance. The rest builds cash value, and you choose where that money sits, in subaccounts that work a lot like stock and bond funds. Strong years for those funds grow the cash value. Weak years shrink it.

That makes it a good match for some families and a poor one for others. If you only need coverage for a set stretch, say until your youngest is on their own or the house is paid off, term life or mortgage protection usually costs far less. If you want coverage for life with steady, predictable growth, whole life may suit you better.

Selling variable life takes a separate license, and we hold it. Our agent carries a Variable Life & Variable Annuity license along with a Life & Health Insurance license. That means we can go through the prospectus with you page by page instead of guessing at what it says.

What we take care of when we build your policy

An honest fit check first

Before any numbers, we ask what the coverage has to do and how you handle market ups and downs. If variable life is not the right tool, we say so and point you to one that is.

A premium with a cushion

A lot of variable policies run into trouble because they were paid at the bare minimum. We test a few bad market years and pick a premium that leaves room.

Fund choices made clear

Each subaccount carries its own risk and its own annual cost. We go through them so you know what you chose and the reason for it.

Every fee on paper

Cost of insurance, policy charges, fund expenses and surrender charges all draw from your cash value. You see them in writing before you sign anything.

Beneficiaries set up carefully

We confirm each name, each share and the backup beneficiaries so the money lands where you intended. We check your beneficiaries again every year.

Your coverage on one page

We hand you a single sheet that lists the policy you own, what you pay for it and who it protects.

When variable life makes sense for you

• Your need has no end date

  Paying off the house will not end your need for coverage. You want a policy that stays in force however long you live.

• Market dips do not rattle you

  You know the cash value can fall, and one rough year would not make you walk away from the policy.

• Fixed growth seems too slow

  You have compared whole life and want a hand in how your cash value is invested.

• Your budget can carry extra

  You can pay more than the minimum premium, year after year. That extra money is what keeps a variable policy on solid ground.

• Decades ahead of you

  You are buying early enough that the investments have time to bounce back from weak stretches.

The steps to your variable life policy

1. 1

   Start with a phone call

   You reach a live person, not a machine. After a few questions, we give you a free quote or schedule a meeting.

2. 2

   Meet at the office or on video

   We go over your goals, your budget and the prospectus in plain language. There is no pressure. You see every choice and decide when you feel ready.

3. 3

   The application, by phone or in person

   We answer the application together and recheck every response. The insurer may ask for a health exam or medical records, and we keep you posted during its review.

4. 4

   Policy delivery

   After the policy is issued, we go through it with you, confirm your subaccounts and beneficiaries and hand you your one-page summary.

5. 5

   A review each year

   Every client gets an annual review on our calendar. We check how the cash value is holding up and whether the premium still gives enough cushion.

What sets the price of a variable life policy

A variable policy runs higher than term because it covers you for life and carries a cash value. Most of the price comes down to who you are and how the policy is put together. We go over each piece with you before you commit, so the bill matches what you expected.

Your age and health

The insurance company charges less for the coverage part when you apply earlier in life and in good health. Smoking or other tobacco use pushes that charge up sharply.

Size of the death benefit

More coverage means bigger monthly cost-of-insurance charges taken from the cash value.

Funding level

Putting in more than the minimum costs more today but gives the policy a buffer when markets slide. Underfunding is the top reason variable policies lapse.

Subaccount fees

Every fund option takes its own annual expense. Two funds with similar names can charge very different amounts.

Added riders

Each optional feature adds a charge. We only bring up riders that answer a need you actually have.