Affordable Life Insurance in Richmond, VA

The insurance industry includes hundreds of different companies in Richmond VA hoping to earn your business. It is a very competitive market and it pays to shop around for the very best deals. This is where we come in.

Whether you're searching for Term Life, Whole Life, or a combination of the two, you must be well-informed and well-advised to get the most out of your premium dollars. An experienced and affordable life insurance agent who represents multiple insurance carriers can make a huge difference in what you pay for coverage.

Tax Free Death Benefit

Life Insurance offers a tax free death benefit for its beneficiaries during the event of an insureds death. It helps pay costs left behind for loved ones such as funerals, mortgages, credit cards, hospital bills...the list goes on. It can also leave a legacy to help pay for a childrens' or grandchildrens' education, or wedding. Some life insurance policies include "living benefits" that can be used while you are still alive in the case of a serious illness that could possibly set you back many thousands of dollars. A Life Insurance policy can provide you with peace-of-mind and potential savings. Let us guide you insorting through the numerous Life Insurance options.

Living Benefits

The rising cost of healthcare in Richmond are a concern to many. Some life insurance policies include "living benefits" that can be used while you are still alive in the case of a serious illness that could possibly set you back many thousands of dollars. The death benefit can be accelerated due to a terminal, chronic, or critical illness.

Final Expense Insurance

Your family will always come first. You wouldn`t want them to bear huge and unexpected financial burdens at the time of your passing. No matter what your age, it`s absolutely essential to have a plan in place to protect your loved ones when you are no longer able. Final Expense insurance will pay for your funeral service, bills and other associated costs.

Limited Pay Whole Life

Life insurance may be one of the most important purchases you'll ever make. In the event of a tragedy, life insurance proceeds can help pay the bills, continue a family business, finance future needs like your children's education, protect your spouse's retirement plans, and much more. That's why we offer a broad range of products to help protect your loved ones in the event of a tragedy. Limited Pay Whole Life Insurance policies offers payments over a specified period of time of your choosing.

Guaranteed Issue

With Guaranteed Issue Whole Life Insurance, you can obtain permanent life insurance without having to qualify for coverage based on your health. No medical exams are required, an no medical questions are asked. If you're between the ages of 3 to 80*, you may already be approved! The only conditions are that you are not presently hospitalized, residing in a nursing home or similar facility, or terminally ill. The benefits from this guaranteed life insurance can be a helping hand for your loved ones during a difficult time.

Guide to Life Insurance

Life is precious to every creature (big or small) on earth.  From a tiny ant to big elephants, every living being loves life and wants to protect it.  For a human being, the most prudent way to shield his life from all forthcoming perils is to get life insurance.  Life insurance not only protects the life of the insured person but it is also a benefit to help to other family members.

Life insurance helps pay for almost all the major mishappenings in your life. If you are suffering from a chronic illness, it helps bear the medical expense.  Life insurance money can be used in cases of a severe accident.  After the death of the insured, the insurance can help pay for his/her funeral and other related ceremonies.  Life insurance assists greatly not only when you are alive, but also even after death.

The extent to which a policy will be active or beneficial depends on the kind of life insurance policy taken by an individual.  For instance, a term life insurance plan is all about protecting a person for a period of time before he/she dies. However, if the individual dies during the policy term, the beneficiaries receive the benefits.  Term life insurance is ideal for those who want a specific need protected in case of death, such as college tuition, mortgage payments and car payments.  This insurance is favorable for the families who cannot afford to pay large monthly premiums.  Many companies associate different terms and conditions with a term life insurance policy and will offer several types of it. A term life insurance policy can also be converted to any other form of insurance such as whole life insurance.

If you seek to insure your entire life and are ready to pay big premiums throughout, you should go for a whole life insurance policy.  This policy is good for young people, but not meant for the old (unless it is burial or final expense insurance).  A whole life insurance policy has a distinguished cash surrender value feature.  The cash value (composed of cash value and dividends) keeps on incrementing annually according to a specific schedule in your policy. Many whole life insurance plans reward the policyholders with dividends that can augment the entire cash value of the policy.

Prior to purchasing a life insurance policy, you should make a prudent assessment of your current situation and needs.  You should also research the internet, consult friends and relatives to find either a reliable insurance company or insurance agent.  Choosing from where (insurance company and agent) and what kind of life insurance policy to buy is a challenging task that requires lots of consideration and discussion.

Term Life Insurance vs. Whole Life Insurance: Which is better?

There has been an on-going battle in the life insurance industry involving term life insurance and whole life insurance.  The industry has survived the battle but the consumer is still asking the same question.  Which one is better?  The question is flawed because these two policies serve two different purposes.  The real battle comes over the concept of buying term and investing the difference or purchasing permanent life insurance.

The proponents of buy term and invest the difference surmise that you, the policyholder, would do better investing the difference in premium costs that you save by purchasing a term life insurance policy rather than a whole life insurance policy.  Permanent life insurance was never created to be an investment.  It was created to take care of permanent life insurance needs.  The cash value accumulation within permanent life insurance is an added benefit and not an investment feature.  The best life insurance portfolio is a combination of both permanent and term life insurance.

Permanent Life Insurance

Permanent Life Insurance (whole life insurance) should be purchased for permanent needs.  Final expenses and life insurance for retirement are two basic permanent life insurance needs.  Life insurance at retirement is critical because it gives you more options to use your retirement benefits for income, rather than life insurance.

Term Life Insurance

Term life insurance is for temporary needs.  Term life insurance will compliment your permanent base of life insurance.  Decreasing term and level term riders can be added to your permanent life insurance policy to take care of temporary needs like mortgage protection and short term debt.

It is important to understand why you are purchasing life insurance.  You will be much more content when you establish in your own mind the reasoning behind the purchase.  Do a tiny needs analysis.  Think about what is important to you and who is important to you.  Life insurance is a gift of love.

Why Should I Call This Agency for Insurance in Richmond?

Good question. There are a lot of life insurance agents in Richmond VA out there and it may seem like any agent or broker is as good as another. But we are decidedly different.

Let's face it, life insurance jargon can be very confusing. We know the ins and outs of the life insurance business, and our inside knowledge of many companies and many products will work to your advantage. In fact, different insurance companies in Richmond often charge vastly different premiums for the exact same coverage. As affordable life insurance agents we can select insurance products that best address your unique concerns.

We promise to focus our attention on your benefit exclusively.

Please don't hesitate to call us with your questions no matter whether you are already a valued customer, a potential client or if you simply need expert advice. There will never be a charge for our assistance or for a friendly, no-obligation chat.