Other TN Insurance Topics |
| Common Uses of TN Life Insurance Proceeds . . . |
- Final Medical Expenses
- Funeral Expenses
- Pay Off Mortgage
- Pay Off Debts
- Fund Education Costs
- Court Costs
- Attorney Fees
- Spouse's Income
- Supplemental Retirement
|
Life Insurance
May Be Defined as -
"Cash When It's Needed The Most."
| Life Insurance Could Be the Only Way to Guarantee the Continuance of Your TN Business. |
Many TN Businesses, organized as partnerships or corporations have written "Buy-Sell" Agreements in place, but the problem in a lot of cases is . . . they are not funded. |
Life Insurance
May Be the Solution
to this Problem.
|
TN Life Insurance-Frequently Asked Questions
Life Insurance Questions In TN-What Are Life Insurance Tax Advantages? How Much Life Insurance Do I Need?
| I have life insurance at work so why should I buy more? |
You should take advantage of every employer sponsored benefit available to you, but remember, group life insurance is only available to you as long as you work for that employer. It is a good idea to personally own some life insurance.
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| I have health problems, can I purchase life insurance? |
This is actually a complex question. To qualify to purchase a traditional life insurance policy a person must meet certain insurance underwriting guidelines as relate to age, health condition, occupation, driving record and moral character. Most insurance companies have different rating tiers which allow the acceptance of certain health conditions at a higher premium than a person who had excellent health would pay. There are also life insurance policies designed for those who do not qualify for a standard life insurance policy. You should contact your professional life insurance agent to discuss your situation.
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| How much life insurance do I need? |
In a family situation, you need to consider your "financial worth" to your family. In other words, if you were to die tomorrow, how much money would your spouse and children need to maintain the standard of living you have established for them? How much would it take for them to live comfortably and have financial stability? A professional life insurance review will help you determine the amount of life insurance needed to accomplish your personal goals.
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| What are the tax advantages of life insurance? |
Generally death benefits paid to your beneficiary are received income tax free. Cash values in a permanent life insurance policy can accumulate on an income-tax free basis.
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| How much will life insurance cost me? |
There are several factors used to determine the cost of life insurance, such as age, sex, health condition, height and weight, tobacco use, occupation, moral character, and whether or not you participate in any dangerous sports activities.
The type of life insurance policy (term or permanent) and the frequency of premium payments will also affect the total cost.
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| I am young and single, do I need life insurance? |
Two key factors used in determining the eligibility for and the cost of life insurance are age and health condition. Each year we grow older, the cost of life insurance increases and our health condition can change very rapidly. Young single people die prematurely and incur final expenses that someone must pay. If your future plans include a spouse and children, you may want to consider the purchase of life insurance while you can buy it at the lowest price.
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| Should I buy life insurance on my children? |
Life insurance purchased on any person's life, whether it be an adult or a child is designed to pay that person's final expenses.
Juvenile life insurance premiums are very inexpensive and if you purchase a permanent life insurance policy, that premium will never change, even when the child is an adult.
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|
Authorized agent for
MetLife Bank
in Tennessee.
Start earning
higher yields today. |
| As an Independent TN Insurance Agent, we represent many top rated life insurance companies which allows us to give you the best life insurance products at the best price. |
Call Us Today
for a no obligation
life insurance quote
or a free
life insurance review.
615-384-8611
|
