Hazelwood Insurance Group
Most insurance websites are wordy. Ours isn’t.
If you ask what we were known for, it would be the personal touch we bring to meeting known and unknown insurance needs.
All Things Medicare
Medicare Supplements • Medicare Advantage Plans • Prescription Plans • Dental, Vision, or Hearing Plans
During this time, you are getting something in the mail every day and getting inundated with calls. It is a pain in the neck. We help it all make sense and put all your fears at ease.
Over time we have realized how vast the need for understanding Medicare benefits and what’s available to seniors has become nationwide.
About a year ago we set out on a journey to be able to help. We have since opened a division to specifically address the coverage available for Medicare recipients, whether someone needs to choose a Medicare Supplement or a Medicare Advantage plan. After determining this first step, we then exhaustively go through your medications to find out which of the drug plans fit your specific needs.
Life Insurance
Why do people buy life insurance?
Leaving a Legacy / Income
Pay off Loans / Debt
Final Expenses
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Term Life Insurance
How it works: You have to make only two decisions if you buy term life insurance: what amount you want and how long you want the coverage to last.
Pros: It’s easy to understand and is the cheapest way to buy life insurance. You can compare term life insurance quotes online.
Cons: You could outlive your policy. If you still need coverage when the policy expires, you’d need to buy another policy and will pay more based on your age and, possibly, health.
Whole Life / Final Expense Insurance
How it works: Whole life insurance doesn’t expire. It’s the closest thing to “set it and forget it” life insurance. As long as you pay the bill, you don’t have to think much about the policy. Your payments stay the same, you get a guaranteed rate of return on the “cash value” investment component of the policy, and the death benefit amount doesn’t change.
Pros: It covers you for your entire life. Everything in the policy is guaranteed, so there are no surprises.
Cons: It’s a very expensive way to buy life insurance.
Guaranteed Universal Life Insurance
How it works: These policies promise a certain death benefit, and payments don’t change. There’s typically little or no cash value within the policy, and insurers demand on-time payments. Missing a payment could mean you forfeit the policy. And since there’s no cash value in the policy, you’d walk away with nothing if you forfeit. If you’re sometimes late with bills, this is not the product for you. In addition, consider that future financial or health problems could cause you to miss a payment.
Pros: It’s cheaper than whole life and other forms of universal life insurance. You can choose the age to which you want the death benefit guaranteed, such as 95 or 100.
Cons: You must make every payment on time or you could lose the guarantee and forfeit the policy, thereby losing all your previous payments. The policy may have little or no cash value.
Indexed Universal Life Insurance
How it works: Indexed universal life insurance links the policy’s cash value component to a stock market index like the Standard & Poor’s 500. Your gains are determined by a formula, which is outlined in the policy.
Pros: You can access cash value, which grows over time. The cash value is linked to a stock market index, so if the stock market goes up, you get some upside, too. Within limits, your payments and death benefit amount are flexible.
Cons: Your cash value doesn’t take full advantage of stock market gains. Understand the policy’s fees and participation rates and the cap on your return before you buy.
Business Insurance
Custom business insurance policies that fit how unique your company operates.
Commercial Auto/Trucking
Commercial Property
Business Owner’s Policy (BOP)
Workers Compensation
Personal Insurance
Insurance for all your personal needs.
Auto Insurance
Homeowner’s Insurance
Umbrella Insurance
Boat Owner’s Insurance
Power Sports Insurance
Motorcycle Insurance
Community Involvement
Derek Hazelwood, owner of Hazelwood Insurance Group, Inc, The Senior Counsel of America, Inc. and Vault Insurance Group, Inc, has spent the greater portion of his adult life making sure that members of his community and beyond, have the coverage needed to protect their assets. However, his desire to help and protect, extends far beyond the walls of his agencies. Derek also serves as a volunteer firefighter with the South Hill Volunteer Fire Department. As one can imagine, Derek has witnessed many tragedies while serving in both the capacity of an insurance agent and firefighter. However, on May 15, 2022 while being on the scene of a fire call, he witnessed an incident that prompted him to become an even bigger advocate of the Move Over Law.
A vehicle traveling north bound on Interstate 85 failed to move over when approaching emergency response vehicles, already on the scene of an emergency. The driver of that vehicle struck the chief’s truck, causing significant damage, and subsequently became lodged under one of South Hill Fire Department’s firetrucks. Derek and other members of the department had to ultimately extricate the driver from the vehicle. Had the driver of that vehicle followed the move over law, this tragedy could have been prevented.
The Move Over Law has long been promoted by law enforcement, emergency responders and even insurance carriers.
Even days later, all Derek could think about was this incident. The realization of the danger, many people face, while actively working on America’s roadways had become clearer. After much thought, Derek suggested to Chief Michael Vaughan, that South Hill Fire should retain the pickup that was totaled on I-85. The pickup would be a centerpiece to raise awareness on distracted driving. Chief Vaughan agreed and a plan was set in motion. Derek offered to donate a trailer so that the pickup could be moved from one spot to another to share the story across the region. As of today, the truck has been showcased at local fairs, area fire department events, and even the Virginia Fire and Rescue Conference.
