Give us a call
703.823.8800

Individual Life Insurance

Peace of Mind for you and your Loved Ones

Kinneman Insurance provides life insurance to individuals in Alexandria, McLean, Arlington, Falls Church, Vienna, Washington, and surrounding areas.

Individual Life Insurance

Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. 

 

Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child’s education. It can even be used to continue payments on your mortgage to help ensure that the family home stays in the family.

 

At Kinneman Insurance, we know that choosing a Life Insurance plan is a big decision with many important factors to consider. Our knowledgeable team of insurance professionals is committed to walking you through the process and providing you with the best insurance solution to give you and your family the peace of mind you deserve. 

 

As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure these strategies and products are suitable for your long-term life insurance needs. You should weigh your objectives, time horizon and risk tolerance as well as any associated costs before investing. Also, be aware that market volatility can lead to the possibility of the need for additional premium in your policy. Variable life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs. 

 

Types of Individual Life Insurance

Kinneman Insurance offers several different coverage options for your consideration: term life, whole life, universal life, and variable life insurance.

 

Term Life – This is typically the simplest and least expensive insurance option. Term life insurance provides coverage at a fixed rate for a specified period of time. It is a benefit policy that is used primarily to cover financial responsibilities of the insured, with the benefit to be paid only if the insured were to die during the specified term. Most term life policies can be converted to a more permanent insurance solution such as whole life, variable life, or universal life insurance.

  

There are two types of term life insurance: 

  • Annual Renewable Term is purchased for a period of one year, with the death benefit to be paid only if the insured were to die during that one-year term, along with the option to renew after the term period.
  • Level Term Life guarantees a fixed premium for a given period of time, usually in terms of 10, 15, 20, or 30 years. Your premium is based on your age and coverage options, with longer terms being more expensive.

Whole Life – As the most common type of permanent insurance, a whole life policy guarantees a death benefit for the lifetime of the insured as well as a cash value account for savings. Your premium remains constant throughout the duration of the policy while payments over and above your premium are credited to your savings, which earn a fixed rate of interest. 

 

Universal Life – Universal life policies are designed to be more flexible than other permanent Life Insurance. You are still guaranteed a death benefit for the duration of the policy as well as savings that accumulate cash value, but the flexibility of a Universal Life plan allows you to change certain aspects of your plan to accommodate life changes. 

 

Depending on your options, you have the flexibility to change the overall value of the death benefit as well as the time and amount in which you pay your premium. This gives you the option to focus on building your policy’s cash value, or pay a lower premium and focus on guaranteed protection. It is important to note that changes to your universal life policy can affect its guarantees and limits.

 

Variable Universal Life - With a variable universal life (VUL) Insurance policy, you get the same flexible benefits of Universal Life while being able to take advantage of potential economic growth in the stock market. Instead of creating a cash value for savings, the value of your VUL policy is invested in professionally managed funds that reflect the performance of the stock market. This also means that as the policy owner, you assume the risk and responsibility of monitoring your own investments.

 

Kinneman Insurance is Here For You 

 

There are many things to take into account when purchasing life insurance, and changes in your life situation can reflect changes in your insurance requirements. That is why it is important to carefully consider the different policy options and ensure that you have the right solution to meet your long-term life insurance needs. 

 

An insurance specialist with Kinneman Insurance will review your current life insurance situation and help you design a policy to plan for the future. 

 

At the end of the day, one of the biggest investments you can make is an investment in yourself. 

 

 

Our Locations

McLean Office

1301 Vincent PL
McLean, VA 22101
Main office: 703-356-8155

Alexandria Office

50 S Pickett St No. 20-A
Alexandria, VA 22304
Main office: 703-823-8800

Our Providers

Testimonials

Insurance is the pillar of small business operations, and without it businesses cannot operate. Kinneman Insurance performed an administrative miracle when our event management company was suddenly faced with an unanticipated, time sensitive requirement to obtain an additional specialized insurance policy. Gin Kinneman and her associate Chris Burton, responded to our request for assistance with a sense of urgency and thoroughness, reviewing all available options. The outcome of their efforts culminated in having the additional coverage in place prior to the event deadline. Their professionalism, expertise, and comprehensive knowledge of the insurance industry resulted in a high degree of customer service – and quite literally, we could not have done it without them!

Business in Alexandria, VA
My family has worked with Virginia Kinneman and her team for over half a century. Where else would I turn when I opened up my own business in 1993, and to seek all my business insurance products from my trusted advisers? I enthusiastically recommend the Kinneman Agency to one and all, and you will find out how important personal service will be to your successful business, and to the protection of your home and automobile.

Business in Washington, D.C.
I have ALL of my insurance with Nationwide through Kinneman Insurance, and I have been consistently impressed with their thorough preparation and professionalism. Their knowledge of products is outstanding, and I can always count of quick responses to any of my questions or concerns. The fact that they have two offices located conveniently in Northern Virginia means that I have easy access for face-to-face interactions with the highly trained staff if necessary. Kinneman Insurance's motto is "Dedicated to Excellence," and they model that in person and over the phone. I am an exceptionally satisfied client!

Business in Annandale, VA