Life Insurance is one of the most versatile and widely used financial planning tools available.  When many people think of death, they inevitably assume it is not in the near future and can be planned.  Unfortunately that is not always the case. The unexpected death of someone who is young and supporting his or her family can be very disruptive.

The Good News is almost 75% of respondents in a 2004 LIMRA International survey reported that they had some kind of life insurance.  The bad news is that these respondents insured only about 3.6 times the annual income.  Most insurance experts recommend between 5 & 8 times your annual income.

The main purpose of life insurance is to protect our loved ones; it does that and so much more. Here are a few of the benefits life insurance offers:

  Purchasing life insurance provides you assurance that your family will be able to survive without your financial support.
  Life insurance can pay for your children's education.
  Insurance to cover a particular need such as paying off a mortgage or consumer debt upon the insured's death.
  Business insurance to compensate a company on the death of a key employee, or to provide a surviving partner the resources to buy out the deceased partner's share of the business.
  Life insurance can provide funds to pay estate taxes or other final obligations necessary to settle a deceased person's estate.
  Life insurance can provide the funds necessary for the deceased person's burial expenses.
  Life insurance can accumulate funds to supplement retirement income.

Below is a list of the basic coverage types, along with a few benefits of each:

Term Life Insurance offers protection for a specified amount of time
• Maximum protection for the least amount of premium. especially at a younger age
• Modify your policies to fit your lifestyle
• Level premiums during term
   
Whole Life Insurance (permanent insurance) provides protection and a cash value, but premium stays the same over the entire life
• Fixed death benefit
• Tax advantages
• Guaranteed cash value
• Potential for dividends
• Loans or partial surrenders (policy isn't a modified endowment)
   
Universal Life Insurance An interest-sensitive policy with an adjustable death benefit.
• Gives you more flexibility
• Death benefits
• Tax advantage
• Flexible premium payments
• Ability to increase/decrease death benefit amount
• Interest sensitive growth
   
Variable Universal Life Insurance Offers premium and death benefit flexibility, as well as the potential to increase cash value based on the performance of your choice of underlying funds
• Potential Money growth, as well as loss and market risk
• Tax benefit
• Investment options

People who aren't provided with health insurance by their employer often have a hard time finding affordable and suitable coverage.  It is very important to have health insurance to cover your medical expenses.  We will find the plan that best meets your medical needs.


217 Jamestown Park Rd Suite 2
117 S Front St

Brentwood, TN 37027
Halls, TN 38040

 615.221.0098 [fax]


 615.221.0095 [office]