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Life Insurance

Providing Term Life and Whole Life Insurance Coverage throughout Virginia and North Carolina

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What is life insurance?

 
There are many kinds of life insurance, and they generally fall into two categories: term life insurance and whole/permanent  life insurance. 

Term Life Insurance

Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

Whole/Permanent Life Insurance

In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

It's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your unique circumstances and financial goals.

But remember, the best way to figure out the amount and type of  life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional from Richmond VA Insurance Agency, Inc. Contact us  or call our office at 804.320.5488 to learn more about planning your life insurance needs. We are happy to answer your questions and help begin your insurance process today. Richmond VA Insurance, located on Midlothian Turnpike in North Chesterfield,  is a full-service agency that cares about the community and is ready to serve your insurance needs. 





 
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