Virginia life insurance policies are designed to protect you, your family, and your business. A Virginia term life insurance policy can help you secure a much larger death benefit for the same price as a universal life insurance or whole life insurance policy (e.g. permanent life insurance). Term insurance gives you a big “bang for your buck.” The benefit can be guaranteed for up to 30 years (10, 15, 20, and 25 year periods are available) and your premiums will never increase for the entire term that you choose.
What happens when my Virginia life insurance guarantee expires?
At the end of your Virginia life insurance term period, the guaranteed rate expires and the new rate will increase annually, but will be very expensive. It is important to determine how long you want to keep your Virginia term insurance policy from the beginning to avoid a large increase in future premiums. The longer your Virginia life insurance is guaranteed, the more expensive the annual premiums will be (in most cases).
Can I convert my Virginia life insurance policy?
TermInsuranceBrokers only works with the best life insurance companies in the industry, and every Virginia term insurance policy we offer gives you the option to convert your term insurance to permanent life insurance with no additional medical questions or underwriting. As an example, if you secured a preferred risk classification when the policy was purchased and had a heart attack, you could convert the policy to permanent coverage and still maintain your preferred risk class, even though you would no longer qualify medically for the same risk class. The older you are at the age of conversion, the more expensive the premiums will be.
How can I get a quote for Virginia term life insurance?