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.
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.
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.
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.
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.
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.
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.
*All answers to Frequently Asked Questions and all basic life insurance information contained in this web site are for informational purposes only. You should first consult with your own professional insurance advisor prior to making a decision regarding the suitability of topics discussed which may or may not be applicable to your particular needs.
Call Us Today
for a no obligation life insurance quote or a free
life insurance review.
931-648-9463
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 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.
Nationwide Dental Plan Provider Network. Savings on both preventive and restorative dental services. Savings on prescription drugs, vision care, and chiropractic care.
Western actors and characters who made the wild west come alive in western movies and TV series.
www.wildwesternclassics.com
Carlton Group Insurance Services, Inc (the Company) is authorized to solicit and transact business on behalf of MetLife® Bank in the state of Tennessee. The Company is currently licensed by the Tennessee Department of Commerce and Insurance to solicit and take applications for life insurance; health insurance; annuities; and property and casualty insurance in the state of Tennessee and is in good standing with that insurance department.
