Readers question is “Can you get insurance for funeral and burial costs, in Richmond, Virginia?” Jonas
Answer to Readers Question: It depends on whether or not you have other life insurance set up, as well as prearranged burial. If you have no life insurance, I would strongly advise a burial policy, since the cost can range [...]

Readers Question: Dave lives in Reston, Virginia and his question is: “Does a life iinsurance policy get paid to families in cases of euthanasia and what will happen to a life insurance policy if the person has a euthanasia procedure done?”
Definition of Euthanasia: the intentional killing by act or ommission of a [...]

Readers Question: “Can I get a no exam term life insurance in Portsmouth Virginia. Steve.
Answer To Readers Question: Yes, a no term life insurance is the simpliest way to buy a life insurance policy. You will not be required to undergo a medical exam, it is very convienent, easy,inexpensive and you can get [...]

Readers Question: “Can you get money back from a lapsed life insurance policy?” Jo lives in Norfolk, Virginia.
Answer to Readers Question: Whole Life Insurance policies lapse due to non-payment. Usually there is a provision that is called the Automatic Premium Loan that takes money out of the cash value to pay premiums [...]

Readers question: “Is level term life insurance policy also known as a limited for graded benefit policy?” Ben from Newport News.
Answer to Readers Question: Graded life insurance benefit means that the 1st year you get say 33% of face value of the life insurance policy, 2nd year 66% and finally the full face value [...]

Readers Question: George lives in Lynchburg, and his question: “What are the most common pitfalls of universal life insurance?”
Answer to Readers Question: Universal Life Insurance is a great tool if SET UP PROPERLY.This is an interest sensitive product. If it is set up right, your premiums will not ever go up and can actually [...]

In Hampton, Virginia “What is the difference between a primary beneficiary and a tertiary beneficiary? Kyle
Answer to Readers Question: A tertiary beneficiary is only entitled to proceeds if the primary and secondary beneficiaries are no longer living.

Readers Question: “What does a life insurance producer do?” Rich from Dale City, Virginia.
Answer to Readers Question:
The word “producer” in reference to life insurance policies simply means “Insurance Agent”
The duty of Life Insurance Agents is to look for and finds prospects who:

Need life insurance
know that they need it
are able to buy it
want to buy [...]

One of my readers who lives in Chesapeake, Virginia has a question: “What is principle of indemnity?”
Answer to Readers Question: The principle of indemnity is an insurance principle stating that an insured may not be compensated by the insurance company in an amount exceeding the insured’s economic loss.

Tyrone lives in Burke, Virginia. His question is “What are the health questions asked by an insurance company in order to get life insurance?”
Answer to Readers Question: If you have a medical issue you should let the insurance company know about it. It is safer to disclose any health conditions you may have at [...]