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With PolicyHub you get to compare over 37 Chesapeake, VA Term Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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Our team tailors policies to your unique needs, meaning optimal coverage at competitive rates.
"I was totally lost trying to find the right Term Life Insurance until I found PolicyHub. I was able to work with a licensed agent to compare all my options all at one. I got the perfect plan for me at a cheaper rate than I expected."
Barbara Winters
Policy Holder
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"I lost hope trying to find a Term Life Insurance policy that wasn't insanely expensive. Thankfully PolicyHub helped me find the perfect policy that is affordable with high coverage. Thank you!"
Bill Barton
Policy Holder
PolicyHub is the smartest way to protect the people that matter most.
Safeguard Your Family
Term Life Insurance means safeguarding your family in a worst-case scenario. Don't risk it.
Gain Peace of Mind
Far too many Americans are financially blindsided by the death of a loved one. But not your family.
Protect Your Business
Protect your business by ensuring a smooth transition of ownership with the right life insurance.
Beat Estate Taxes
Inheritance or estate taxes is burdensome for your heirs. A life insurance policy can help.
Invest in Your Future
For less than $1 per day, you can make a huge contribution to your family's financial safety.
Build Your Legacy
Through a life insurance policy, you can leave behind a legacy for your loved ones.
Get started in less than 15 minutes.
With PolicyHub getting started is easy. Compare all the Term Life Insurance rates from all the providers in Chesapeake, VA. Get started in under 15 minutes.
All your Term Life Insurance needs in one place.
Term life insurance is a type of life insurance that provides coverage for a specific period of time or "term". If the policyholder dies within the term, the death benefit will be paid out to the beneficiaries. However, if the policyholder outlives the term, the policy will either end or renew for a new term. It's typically less expensive than permanent life insurance.
Level term life insurance offers steady premium payments and death benefits throughout the policy term, ideal for those desiring long-term financial stability. Decreasing term life insurance, with a gradually reducing death benefit but consistent premiums, suits individuals with decreasing financial responsibilities over time.
Increasing term life insurance provides a rising death benefit while keeping premiums typically constant, appropriate for those foreseeing growing financial needs. Renewable term life insurance allows for policy extension after the term expires without a new health exam, suitable for those expecting prolonged need for coverage, albeit with potentially higher premiums.
Save time and get the best Term Life Insurance policy with the cheapest rates. Guaranteed.
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Real PolicyHub testimonials...
"I knew I needed Term Life Insurance but I didn't know where to go. I talked with a few other companies but the cost was outrageous. I found PolicyHub and found the perfect plan for me at an affordable cost."
Wendy Smith
Policy Holder
Get matched with a 5-Star Term Life Insurance agent.
Roy Stephens
term life insurance agent
Roy Stephens is a licensed term life insurance agent licensed in your state.
Mark Sidway
term life insurance agent
Mark Sidway is a licensed term life insurance agent licensed in your state.
Cale Reeves
term life insurance agent
Cale Reeves is a licensed term life insurance agent licensed in your state.
"I was searching for Term Life Insurance but quickly found out that everyone was trying to sell me on policies I didn't need. Thankfully I found PolicyHub and get the cheapest rates and the right policy."
Nicole Nielson
Policy Holder
Introducing PolicyHub Price Match Guarantee
Our priority is to save you money while getting you the right coverage. If you find a lower rate for a similar policy anywhere else, we'll match it! With PolicyHub, you can rest assured knowing you're getting the best price for Term Life Insurance in Chesapeake, VA.
Frequent Questions...
If you reside in Chesapeake, VA, term life insurance gives you peace of mind by providing financial protections to your family in the event of an untimely passing. The term life policy offers the maximum death benefit for a given amount of premium for the duration of the policy (typically 10-30 years). A term life policy has the ability to be converted into permanent life insurance, so you have the flexibility to secure life insurance today that can remain in place as your needs change or circumstances evolve.
Can I get both term life insurance quotes in Chesapeake and whole life?
Yes, you can have both term and whole life insurance in Chesapeake, VA. Term life insurance provides financial protection for a specified period of time, while whole life insurance provides coverage for life and can accumulate a cash value that you can use for a variety of long-term goals. Based on your personal needs and budget, you may benefit more from one type of insurance or the other, or you may decide to combine them for additional protection.
How do beneficiaries claim death benefits with a term life insurance policy Chesapeake?
In Chesapeake, VA, the death benefit works by providing a financial payout to a beneficiary, usually a spouse, partner, or family member, to help offset the costs of a funeral and other expenses associated with a death occurred. This benefit can be a fixed payout or may depend on the policyholder's age and other factors. The surviving family members may use the benefit as they deem necessary, but some restrictions exist. It is important to familiarize yourself with the exact terms of any policy prior to buying it since the specifics of the death benefit may vary from policy to policy.
What payment options are available for term life insurance near Chesapeake?
At Chesapeake Insurance in Virginia, customers have a variety of payment frequency choices. Premium payments can be made annually, semi-annually, quarterly, or monthly. Payment cycles begin on the day of the individual policy purchase and auto-renew unless instructed otherwise. If you're switching to Chesapeake Insurance, you can also set up a one-time, lump sum payment, or setup a specific payment plan to complete the balance due. We encourage customers to take advantage of our convenient online payment options to make the process simple and fast.
What medical tests are required for a term life insurance quote Chesapeake?
In Chesapeake, VA, applicants for term life insurance will need to take a medical exam that will include a blood test and a urinalysis. Your doctor may also take your height and weight measurements and ask a number of questions about your medical and family history in order to provide an accurate health assessment of your wellbeing. Your potential insurer may also request authorization to collect updated medical records from any providers you’ve seen recently. Finally, a chest X-ray may be requested to evaluate your cardiovascular health and detect any potential heart problems.
Yes, you can have multiple beneficiaries while living in Chesapeake, VA. The Commonwealth of Virginia's Department of Human Resource Management requires that you list your primary and any auxiliary beneficiaries on your beneficiary designation form. When outlining your beneficiary, you should use an up-to-date beneficiary designation form and provide your beneficiary's name, Social Security Number, DOB, and address. Your beneficiary can be anyone from a spouse to a charity, to multiple people or charities, however, you may want to consider seeking professional advice to make sure the distribution of assets is allocated in the manner you want.
How are death benefits paid out in term life insurance policies near Chesapeake?
Upon the death of the policyholder in Chesapeake, Virginia, the death benefit from the term life insurance policy is paid to the insured's designated beneficiary. The payment is made in a lump sum, free from probate and taxes. The payment is made to the beneficiary or to the executor of the policyholder's estate, depending on how the policy is written. Proceeds from a term life insurance policy can help ease financial burdens associated with final expenses that the beneficiaries may have to pay in the event of a policyholder's death.
What riders are available for term life insurance in Chesapeake?
In Chesapeake, VA term life insurance can be customized with additional riders such as chronic illness rider, long term care rider, accidental death benefit rider, waiver of premium rider, and children's rider. Each rider provides additional security and benefits for a policy holder, and can be tailored to meet particular needs. The chronic illness rider provides a specified benefit if the insured is unable to perform activities of daily living due to an illness, and the long term care rider provides a specified amount for in-home care or care in an assisted living facility.
Group vs. individual Chesapeake term life insurance policy: What's the difference?
Group term life insurance through work in Chesapeake, VA differs from individual policies in that the group rate allows employers to offer affordable life insurance to their employees. Employers can choose to pay all or part of the premiums and the policy will remain in effect so long as the employee remains with the company. Coverage amounts are typically capped at a certain amount, but the benefit of group insurance is that everyone who participates receives the same rate and coverage amount. On the other hand, individual life insurance policies are tailored to the specific needs of the policyholder and typically provide more coverage for larger premiums.
What's the 'free look' period with a Chesapeake term life insurance company?
A "free look" period in term life insurance is a set time when purchasers of term life insurance policies in Chesapeake, VA are able to review and consider the policy. During this period, customers have the option to cancel and receive a full refund if the policy does not meet their needs while still retaining any benefits associated with the policy that may have been utilized during the free look period. This free look period provides vital protection and assurance to those buying term life insurance in the Chesapeake, VA area, ensuring that their policy meets their needs.
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