Life Insurance can help protect your family and is an excellent way to
accumulate money for college, retirement or unplanned expenses. A person
should have life insurance that approaches six to eight times their annual
gross income. Under current laws, there is generally no federal income tax
on death benefits paid to a named beneficiary.
Using the strength and experience of our life insurance
markets, we offer affordable term life, whole life, and
universal life insurance policies.
Life insurance coverage for a specified length of time.
A term life insurance policy is usually purchased with
a particular need in mind. Beneficiaries will collect,
usually tax free, the face value of the policy upon the
insured (your) death. Term life is attractive for those
with a limited income, high short term insurance
needs, or for personal family protection.
If the insured survives the time period, the policy
expires. There is no cash value at the expiration of a
term life insurance policy. Some policies have a
convertible feature permitting a policyowner to
exchange a term policy for a cash value policy without
evidence of insurability.
Level Term Life Insurance Policy Features
A constant death benefit and a level premium for a
specified number of years. We offer 10, 15, 20, and 30
year terms.
Decreasing Term Life Insurance Policy Features
Has a decreasing death benefit and a level premium.
Click on the link below to fill out a secure quote request form for a
Term Life Insurance policy that will provide excellent life insurance
coverage at an affordable cost. Or you can speak with one of our
Virginia Personal Insurance agent specialists at (571) 261-2700 or
(540) 465-5103 to discuss the features.
Click on one below to learn more!
The most popular choice for those seeking to cover permanent needs, such as
contributing to a survivor's nest egg, paying off final expenses, etc. Whole life
insurance provides permanent, lifelong insurance coverage. The benefit amount
remains the same and is payable to the beneficiary(s) at the time of the insured's
(your) death. It also offers an opportunity to build cash value, so you can take a
loan on your policy to fund major purchases or to provide for unexpected costs.
Whole life insurance has a fixed premium and a level death benefit to age 100.
The premiums don't increase with age, which averages the cost of the policy
over your life. The cash value increases with time until it equals the death benefit
at age 100. This type of policy never has to be renewed or converted. The cash
value is an amount of money that you are guaranteed to receive in the event of
policy cancellation.
Variations of Whole Life Insurance include:
Modified Premium - lower fixed premium for the first 3 or 5 years, and then
premiums increase. These policies work well for individuals that expect to
improve their financial condition in the near future.

Graded Premium - premium increases each year for the first 5 years, and
then is fixed.
1. premium costs may make it difficult to buy enough
2. need to carry a whole life policy for a considerable length of time to be very
beneficial
3. cash value may be less than your face value
4. cannot vary your monthly premium payment and the premium-paying period
may be lengthy
5. amount of coverage cannot be increased at a later date
Advantages of Whole Life Insurance
1. guaranteed protection for life
2. level death benefit that is generally tax-free
3. premiums do not increase in correlation with your age
4. cash may accumulate tax-deferred
Disadvantages of Whole Life Insurance
Click on the link below to fill out a secure quote request form for a Whole Life
Insurance policy that will provide excellent life insurance coverage at an affordable
cost. Or you can speak with one of our Virginia Life Insurance agent specialists at
(571) 261-2700 or (540) 465-5103 to discuss the features.
A flexible premium policy that combines protection against premature death with a
savings account that typically earns a money market rate of interest. A universal life
insurance policy is a combination of term life insurance protection with the cash
savings value of whole life insurance. Interest rates paid on the cash value are
typically higher than with whole life insurance because they tend to follow the
markets.
Premiums for universal life insurance policies can be paid in a lump sum, annually,
or anywhere in between. Interest on the cash value is usually guaranteed, but will
vary according to the investment performance. Each month deductions are made
from the cash value fund to support the costs of the insurance protection. As long
as the cash value is substantial enough to maintain the monthly costs, the policy
will remain in force. Typically the death benefit reduces in proportion to the increase
in cash value, thus causing a level death benefit.
**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your
insurance needs should be discussed with a licensed insurance agent.
We are a local northern Virginia insurance agency offering affordable Virginia life
insurance policy premiums to residents of the following cities and counties:
Haymarket, Strasburg, Gainesville, Bull Run, Catharpin, Manassas, Sudley Springs,
Broad Run, Centreville, New Baltimore, Bristow, The Plains, Nokesville, Warrenton,
Bethel, Old Tavern, Marshall, Rectortown, Orlean, Casanova, Catlett, Halfway,
Middleburg, Chantilly, Arcola, Aldie, Manassas Park, Vienna, Fairfax, Tysons Corner,
Arlington, Springfield, Alexandria, Annandale, Lorton, Dale City, Reston, Herndon,
Sterling, McLean, Fairfax Station, Oakton, Fisgers Hill, Zepp, Reliance, Limeton,
Middletown, Toms Brook, Maurertown, Lebanon Church, Front Royal, Stephens City,
Mountain Falls, Mount Olive, Star Tannery, Woodstock, Edinburg, Detrick,
Bentonville, Browntown, Linden, Chester Gap, Huntly, Markham, Cedarville, Armel,
White Post, Nineveh, Boyce, Millwood, Winchester, Berryville, Albin, Prince William
County, Loudoun County, Fairfax County, Fauquier County, Warren County,
Frederick County, Clarke County, and Shenandoah County, VA.
Virginia Life Insurance
Superior Service with an Independent Price
STOVER
Virginia Life Insurance
INSURANCE AGENCY
Stover Insurance Agency, Inc.
Copyright 2007-2008 - All rights reserved
Stover Insurance Agency
6611 Jefferson St., #303
Haymarket, Virginia 20169
Prince William County, VA
Office: 571-261-2700
Fax: 571-261-2720
Answer a few questions and we
will provide you with an
insurance quote by phone or
email. Choose the Virginia
personal or business insurance
coverage you're interested in
from the menu above.
Stover Insurance Agency
157 N. Holliday St.
Strasburg, Virginia 22657
Shenandoah County, VA
Office: 540-465-5103
Fax: 540-465-3291
Virginia
Personal Insurance
Life Insurance