Life Insurance
We are Potter Insurance Agency Inc., and we supply life insurance to people that live in Virginia. We can't stress enough the importance of life insurance. Although there are not any laws that say life insurance is mandatory, it is still beneficial. If you were to think about your future and the future of your family, having life insurance will make more sense.
Life Insurance Options
You can obtain life insurance through your employer or another agency on your own. You have several coverage options to choose from when deciding on the best life insurance policy. Regardless, you will need to make sure that you list beneficiaries on your policy. It is up to you to determine how many you choose to list and how you choose to divide the percentages. You can choose between:
- Term insuran - which will protect you for up to a set period.
- Level term - has the same face amount as long as the policy remains in effect
- Permanent insurance - which stays in force for your entire lifetime as long as premiums are paid
Within permanent insurance, you have the option to choose between two different coverage options:
- Whole life insurance - which is permanent insurance for your whole life
- Adjustable life insurance - allows you to change your coverage whenever as needed
It may help to think about what your needs are first before you choose a policy that fits you. Make sure you are aware of the advantages and disadvantages of each.
Virginia state law gives new policyholders ten days to look over their policy and test it out. If they don't like it, they are free to cancel it. This is the free look period.
Quotes
If you are ready to obtain a quote, please visit our Potter Insurance Agency Inc. office or give us a call. We are located in the state of Virginia and will work with you to answer any questions you may have. We offer a variety of policies and coverage options here at our office.