The professionals at First Virginia Insurance Services can help you determine how much life insurance you need and the best type for you. Life insurance is available as Term Life, Variable Life, Whole Life or Universal Life. Each has its own benefits and advantages, depending on the situation of the insured. Term life insurance is set for a specific period of time and is a practical way to provide the most insurance coverage for your premium dollar. Variable life insurance offers flexibility, allowing you to choose investment options.
Whole Life is permanent level insurance protection.
Finally, Universal life insurance has less risk than Variable life, and offers a flexible premium structure. The glossary of life insurance terms will provide more detailed explanations. Through First Virginia Insurance Services, all coverages available individually are also available as a group policy. Disability A Life Insurance Calculator can help you determine how much coverage you need. You can also request an appointment with a representative.