Life Insurance Quote Forms
Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.
Life Insurance Information
Life Insurance in Danville, Spencer, & Lynchburg VA
Life Insurance for Individuals and Families Across Virginia
The main role of life insurance is to provide funds for your loved ones upon your death. The discussion of your death is never an easy one for many reasons. One thing you want to make certain of, though, is that your loved ones will be financially supported following your passing. Life insurance is a great way to ensure that those you leave behind will be cared for.
The agents at Schoonover Insurance Group are here to help you navigate your life insurance needs, no matter what they may be. Give our team a call at 434-792-5800 to get started today.
What Policy Options Exist?
Everyone has different life insurance needs. In most cases, you’ll be able to choose from either a whole life or term life policy.
Term Life Insurance
Just as its name implies, term life insurance covers you for a specific period of time, or term, that you choose. Since it offers a death benefit but no cash value, term life insurance is an inexpensive way to protect your beneficiaries for a specified period of time.
Term life insurance can be renewed at the end of the term, at the option of the policyholder and without evidence of insurability, for a limited number of successive terms. It can also be converted or exchanged for a permanent insurance policy without evidence of insurability down the road. It’s important to note that rates generally increase along with the insured person’s age.
Whole Life Insurance
Permanent life insurance is any form of life insurance other than term. Examples are whole life, universal life and variable life. These policies combine term life insurance with a long-term, tax-sheltered savings plan.
Whole life is the most basic type of permanent life insurance. It provides coverage that lasts a lifetime and also builds up a cash value that you can borrow against, withdraw or use to pay future premiums.
Why Get Covered Now?
Having life insurance coverage is critical no matter where you are in life. However, the earlier you get a policy, the more beneficial you likely will find it.
The longer you keep coverage, the more chance you have to let your policy accumulate value.
Younger individuals often qualify for lower policy premiums.
Life insurance provides incredible value and assistance to your survivors. Your insurance policy will prove instrumental in assisting them after your passing.
Contact Us Today
Don’t hesitate to get covered. Contact us today at 434-792-5800 to learn about your coverage options.