Life Insurance in West Virginia
Life insurance is a contract between the policy owner and the insurer where the insurer agrees to pay a sum of money to a beneficiary or beneficiaries upon the death of the policy owner. In return, the policy owner pays a premium at regular intervals. There are three basic types of life insurance:
1. Ordinary life insurance, a policy that remains in force for the policyholder’s lifetime
2. Whole life insurance, the oldest kind of cash value life insurance that combines protection against premature death and includes the addition of a built-in savings account along with fixed and guaranteed premiums that remain level throughout the policy’s lifetime
3. Variable life insurance, a policy that combines protection against premature death with the addition of a built-in savings account that can be invested in stocks, bonds, and money market mutual funds at the policyholder’s discretion
Yeager Insurance & Financial Services is an independent insurance and financial services agency serving West Virginia. To learn more about how we can serve your insurance and financial needs, please contact us at (304) 757-3900. You may also use this site to submit requests for insurance quotes 24 hours a day, 7 days a week.
