Do you need life insurance in Virginia? E&Y Insurance Agency, LLC offers personalized life insurance policies to help you achieve your specific objectives, such as safeguarding your loved ones, paying estate taxes, diversifying your investments, funding a child’s education, or providing a tax-free retirement income. By assessing your liquidity, risk tolerance, and cash flow requirements, we can create a customized life insurance plan that aligns with your goals. With various life insurance policies available, it can be overwhelming to choose the right one. While searching for life insurance companies in Virginia on Google is a good starting point, it is important to note that location and carrier name are not the only factors to consider.
Various life insurance policies are available
Life insurance policies come in various types, including term insurance, whole life insurance, Universal Life Insurance (UL), Guaranteed Universal Life Insurance (GUL), Indexed Universal Life Insurance (IUL), and Survivorship Indexed Universal Life Insurance (SIUL). While you may have heard of some, others may be unfamiliar to you. Choosing the right policy can be challenging. However, our licensed Virginia life insurance agency can assist you by asking the appropriate questions and explaining the various options available. As an independent agency, our primary focus is our customers, and we work with multiple life insurance providers to provide you with the best possible choice of policies.
How much life insurance should I have?
Determining the appropriate amount of life insurance required for an individual varies based on several factors such as income replacement, supporting the family for a specific number of years after death, family’s potential debts, schooling, and lifestyle. As a general rule, it is recommended to have 7-10 times your annual income for life insurance, and there are calculators available to assist in this process. Our team also helps to identify financial obligations and considers any existing assets such as property, savings accounts, and retirement funds to determine the appropriate amount of life insurance coverage.
Put the right Virginia insurance agency to work for you
If you have any questions about life insurance and want a relaxed environment, we are here to help you. You can contact us at 248-362-1313 or fill out the form below to set up an appointment with our agents. We will make sure that all your questions are answered without any pressure.
