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." |
TN Life Insurance-Life Insurance Terms
Like All TN Insurance, Life Insurance Contains Insurance Terms Which May Be Confusing. Some Basic Life Insurance Terms And Meanings.
| Beneficiary Of A Life Insurance Policy |
The beneficiary of a life insurance policy is the person(s) or entity named by the owner of the life insurance policy to receive the life insurance proceeds (death benefit) upon the death of the named insured in the policy.
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| Life Insurance Cash Value |
The cash value of a permanent life insurance policy is the amount available in cash for policy loans and/or withdrawals.
Withdrawals from the cash value inside a life insurance policy may be subject to surrender charges and could possibly have a permanent effect on the policy's cash value. Loans from a life insurance policy reduce the cash value and the death benefit by the amount of the outstanding loan, including interest.
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| Life Insurance Policy-Face Amount |
Simply put, the Face Amount of a life insurance policy is the amount stated in the policy that will be paid at death. The face amount does not include additional riders on the policy, like accidental death benefit and it does not include any paid-up life insurance which may have been purchased with policy dividends.
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| Insurability For Life Insurance |
The purchase of life insurance in TN is not an automatic process, everyone must "qualify". Insurability is the process of being acceptable to an insurance company to issue a life insurance policy.
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The insured is the person on whose life the life insurance policy is purchased.
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| Life Insurance Policy Loan |
A policy loan is an amount of money that the life insurance policyowner has borrowed from the cash value of the policy at the insurance company's declared interest rate. Loans, if not re-paid, will reduce the insurance policy's death benefit by the amount of the loan, plus interest.
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A paid-up life insurance policy is one that will remain in force without any additional premium payments being made.
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| Life Insurance-Policyowner |
The policyowner has total ownership and control of the life insurance policy. The policyowner may be the named insured, a relative or business partner of the named insured, a trust, or a business entity
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|
Term vs Permanent
Life Insurance
Authorized agent for
MetLife Bank
in Tennessee.
Start earning
higher yields today. |
| 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.
| 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. |
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for a no obligation
life insurance quote
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