1520 Huguenot Rd., St 115, Midlothian, VA 23113

phone: (804) 794-7620

Life Insurance

The Right Life Insurance for you.

Many financial experts consider life insurance to be one of the most important tools in sound financial planning.  There are 2 types of life insurance - term life and whole life.  

Term Life

Term insurance is the simplest form of life insurance.  It pays only if death occurs during the term of the policy and generally has no other benefit provisions.  There are 2 basic types of term life insurance - Level Term & Decreasing Term.

 • Level Term means the death benefit stays the same throughout the term of the policy.
 • Decreasing Term means that the death benefit drops usually in one year increments over the course of the policy. 

Whole Life Insurance

Whole life insurance pays a death benefit when you die.  There are 3 major types of whole life insurance - Traditional Life, Variable Life and Universal Life.  

With traditional whole life, both the death benefit and the premium stay the same throughout the life of the policy.  The cost per $1000. of the benefit increases as the insured individual ages.  The insurance company could charge a premium that increases each year but that would make it very difficult for most people to afford life insurance in their later years.  So the company keeps the premium level by charging a premium that, in the early years, is higher than what's needed to pay claims, investing that money, and then using it to supplement the level premium to help pay the cost of the life insurance for older people. 

Universal life insurance is a variation of whole life where the excess of premium payments above the current cost of insurance is credited to the cash value of the policy.

Variable life insurance is another variation of whole life that contains an investment component.  The policy has a cash value account, which is invested in a number of sub accounts available in the policy. 

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Tangible Benefits of Life Insurance.

  1. Replaces income for dependents.  If people rely on your income life insurance can replace that income if you die. 
  2. Pay final expenses.  Things such as funeral costs, probate and other estate administration costs and other debts are covered. 
  3. Create an inheritance for your heirs.
  4. Pays federal and state death taxes. 
  5. Make significant charitable contributions. 
  6. Create a source of savings.  Some types of life insurance create a cash value that, if not paid out as a death benefit, can be borrowed or withdrawn on the owners request. 

Give us a call at (804) 794-7620 to discuss the best option for you.


Monday - 8:30 am - 5 pm
Tuesday - 8:30 am - 5 pm
Wednesday - 8:30 am - 5 pm
Thursday - 8:30 am - 5 pm
Friday - 8:30 am - 5 pm

Map/ Locate Us

Thurman S Cash Jr & Son Insurance

1520 Huguenot Rd., St 115
Midlothian, VA 23113
Phone:  (804) 794-7620
Fax: (804) 794-6175
Email: Cashinsurance@aol.com


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