Life Insurance

Voluntary Benefits Solutions Enhance Your Benefits Package

At Benefit Plans Inc., we understand that life insurance is more than just a policy – it’s peace of mind for your family or business. Our expert advisors help Tidewater residents and businesses find the perfect life insurance solutions to protect their legacy and provide financial security for the future.

Basic Group Life Coverage
Voluntary Life Insurance Programs
Buy-Sell Agreement Funding
Accidental Death & Dismemberment (AD&D)
Key Person Insurance
Executive Benefits Solutions
(757) 461-0519

Understanding Term Life Insurance

Term life insurance offers cost-effective protection for your family’s financial security during crucial life stages. As the most budget-friendly life insurance option, term coverage provides a guaranteed death benefit for a specific time period, allowing you to match your protection to your family’s exact needs.

Most affordable life insurance option

Flexible coverage periods (10, 15, 20, or 30 years)

Higher coverage amounts at lower premiums

Straightforward, easy-to-understand benefits

Convertibility options to permanent coverage

Mortgage protection

Children’s education funding

Income replacement during working years

Debt protection

Family financial security

PROFESSIONAL SERVICES
Receive expert guidance from certified life insurance specialists who provide professional consultation tailored to your family's financial protection needs.
CUSTOMER SERVICE
Experience compassionate support and personalized assistance as our dedicated team guides you through every step of your life insurance decisions.
STRATEGIC PLANNING
Our experienced advisors analyze your financial situation and family goals to strategically design the optimal life insurance coverage plan.
Our approach

Smart Protection for Specific Needs

Term insurance excels at providing substantial coverage during critical periods:

While children are growing up
Throughout mortgage payments
During peak earning years
Until retirement savings are established
For business loan coverage

Customizable Coverage Options – Our expert advisors help you determine:

Best premium structure
Optimal coverage amount
Most appropriate term length
Rider options for enhanced protection
Conversion privileges
Until retirement savings are established
Benefit Plans, Inc

Your Complete Insurance Solution

347 S Witchduck Rd
Virginia Beach, VA 23462
Call: 757-461-0519

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Frequently Asked Questions

Some frequently asked questions about the service that you may have questions about

What types of life insurance coverage does Benefit Plans Inc. offer?
We provide comprehensive life insurance solutions including Term Life Insurance for temporary needs, Whole Life Insurance for permanent coverage with cash value, Universal Life Insurance for flexible premiums and benefits, and Group Life Insurance through employers. Our specialists help you choose the right type based on your age, health, financial goals, and family protection needs.
How much life insurance coverage do I actually need?
The amount of life insurance you need depends on your income, debts, family size, and financial goals. A common guideline is 10-12 times your annual income, but our advisors conduct personalized assessments considering your mortgage, children's education costs, final expenses, and your family's lifestyle needs to determine the optimal coverage amount for your specific situation.
What's the difference between term life and permanent life insurance?
Term life insurance provides coverage for a specific period (10, 20, or 30 years) with lower initial premiums but no cash value. Permanent life insurance (whole or universal life) offers lifelong protection with a cash value component that grows over time, but requires higher premiums. Our specialists help you understand which option aligns with your financial strategy and protection goals.
Do I need a medical exam to qualify for life insurance?
Medical requirements vary by coverage amount, age, and health history. Many policies require a medical exam, health questionnaire, and sometimes additional tests. However, some policies offer simplified underwriting or guaranteed acceptance options. Our team works with multiple carriers to find coverage options that match your health situation and comfort level with the application process.
Can I change or increase my life insurance coverage after I purchase a policy?
Yes, many life insurance policies offer flexibility to adjust coverage. Term policies may allow increases during certain periods without medical underwriting, and permanent policies often include riders for additional coverage. However, changes typically require health underwriting and may affect premiums. We help you understand your policy's flexibility options and plan for future coverage needs.
How does the life insurance claims process work for my beneficiaries?
When a claim occurs, beneficiaries contact the insurance company and submit a death certificate along with the claim form. Most claims are processed within 30-60 days if all documentation is complete. We provide ongoing support to help your family understand the claims process and ensure they receive benefits promptly during a difficult time, including assistance with paperwork and communication with carriers.