Life Insurance Information
Life Insurance in Leesburg, VA and Ashburn, VA
Passing is an intense conversation for everybody to have, particularly with regards to monetary concerns. Extra security is a phenomenal way of lightening some pressure that might accompany the worry of monetary steadiness upon your passing. Sufficient disaster protection inclusion will guarantee you that your friends and family will be upheld monetarily when you are no longer there to do as such.
At Brent Lucas Agency, we guarantee that, with the help of our experienced agents, we will be able to guide you in choosing the proper life insurance coverage for your exact, personalized situation. The importance of caring for your family cannot be put into words, and we prioritize that.
Call us at 703-779-0111 or visit our website to get a quote on potential life insurance coverage.
Common Life Insurance Questions
How Does Life Insurance Work?
Upon your death, a specific measure of cash, usually known as a death benefit, is given to a recipient fitting your personal preference. This cash is there to help your recipient in monetarily recuperating from your misfortune, also guarantee that they are dealt with.
What is Whole Life Insurance vs. Term Life Insurance?
There are two primary types of life insurance:
Term Life Insurance:
A term life policy gives a passing advantage to your cherished ones if you die during the approach's term. This term might be a time of 10, 20, 30 or more years, contingent upon the lapse date of the approach. On the off chance that you don't pass on during this time, the arrangement doesn't pay. You will likewise need to reapply for another arrangement assuming you need to keep on having inclusion.
Whole Life Insurance:
Whole life policies keep going for the rest of your life once you enlist. They will not lapse except if you quit paying for them. Furthermore, these plans offer cash value investment opportunities, and the money esteem part can empower you to get a type of revenue during your lifetime (in expansion to the possible demise advantage).
Several more specific policies also exist, including:
Universal Life Insurance
Final Expense Insurance
Group Life Insurance
Individual Life Insurance
Key Person (Key Men) Insurance
Long-Term Care Insurance
Mortgage Protection Insurance
Speak to one of our agents to learn more about which type of policy is best for your needs.
How Much Life Insurance Do I Need?
The amount of life insurance you need is entirely up to you. For example:
If you want a policy to help pay for a child’s college education, then a 20-year term policy might be best for you. You can let the policy terminate at the end of the term, but you can rest assured that if you do die before your child graduates college, this policy will pay for their tuition and other expenses.
Many people tie the value of their life insurance policies to the value of their debts—mortgages, car payments, etc. If you die while these debts are outstanding, then your beneficiary can use the money to settle expenses.
Some people tie the benefit to their income and leave a certain number of years’ worth of their paycheck to their survivors. So, if you were to take your current paycheck and multiply it by ten, then your death benefit will provide ten years’ worth of income to your family.
Essentially, you get to choose your own death benefit. Our experienced agents will make sure that the benefit is sufficient for your loved ones and affordable for you.
How Much Does Life Insurance Cost?
A life insurance premium differs from person to person. Factors such as age, income and coverage are some of the aspects included in premiums.
The reasonableness of a disaster protection strategy is, sometimes, a main worry among individuals. The significant thing to note is that our representatives will help you in choosing sufficient inclusion regardless of where you are throughout everyday life for sure your extraordinary circumstance is.
Contact us to learn more about life insurance or request a free quote now.