Agent Jay Roce

03/23/2024

Life insurance offers your family financial protection

Your policy’s death benefit — how much money your beneficiaries receive if you die — can cover future living expenses for your family, like mortgage payments and your children’s college tuition. It can also provide a financial cushion for unforeseen expenses.

The death benefit is most commonly paid out as a tax-free lump sum, so your family will be able to use the money for whatever they need, including:

Your end-of-life costs, like funeral expenses or medical bills

Housing costs, including paying off a mortgage or paying rent

Other debts, like student loans, credit cards, or car payments

Current or future college education costs for your children

Childcare

Replacing financial support you provided

Everyday costs, including food, transportation, and healthcare

Vacation

03/23/2024

Life insurance is cheap enough to fit most budgets

For most people, term life insurance is an affordable option. Depending on how much coverage you need and your age when you apply, you may be paying as little as $20 per month in life insurance premiums for a term life insurance policy.

Term life insurance only lasts as long as you need it, and the younger you are when you purchase your policy, the cheaper your premiums will be.

03/23/2024

Life insurance gives you peace of mind
Life insurance is similar to other products, like health insurance or car insurance, in that you hope you don’t fall ill or get into a car accident, but if you do, you know you’re covered for a worst-case scenario.

This peace of mind is crucial, especially for anyone who has large debts or has family members who depend on their income.

03/23/2024

07/03/2022

06/22/2022

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06/02/2022

To purchase license plates or decals, you must certify that the vehicle is covered by the minimum insurance requirements or pay the Uninsured Motor Vehicle Fee. Insurance requirements also apply to antique motor vehicles. Your insurance carrier must be authorized to conduct business in Virginia.

Virginia requires the minimum coverage limits set forth in the Code of Virginia § 46.2-472.

Insurance companies may factor in their policy premium the driving record of any individual of driving age that resides within an insured's household. If you have any questions regarding the potential impact a newly licensed driver may have on your policy, you may wish to contact your insurance agent.

The $500 Uninsured Motor Vehicle (UMV) fee, which is paid to the Department of Motor Vehicles (DMV), does not provide any insurance; it only allows you to drive an uninsured vehicle at your own risk. It expires with your registration and must be paid at renewal. If you are driving an uninsured vehicle and are involved in an accident, the other driver may notify DMV that your vehicle is uninsured as part of reporting the accident to DMV.

Self-insurance or Surety Bonds are special options for owners of business vehicles. Details are available at any DMV office.