Independent Insurance Consultants | Medicare and Life Insurance | Independent Insurance Consultants | Life Insurance | Tennessee

Life Insurance

Life Insurance offers peace of mind as it relates to the equitable distribution of assets to heirs; providing ready funds to pay estate taxes and settlement costs without the delay and costs of probate; and by furnishing a significant increased cash death benefit to beneficiaries.  Life insurance provides a tax-free death benefit to beneficiaries.  Our Whole life/ Final Expense policies provide coverage through 100 years of age, build cash value, and provide level premiums for the life of the policy.

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Types of Coverage

Term Life Insurance is relatively inexpensive and provides a tax-free death benefit to your beneficiaries with coverage for a fixed period of years (5, 10, 15, 20 and 30) depending on your age at the time of purchase. Term life does not accumulate cash value. Term insurance allows you purchase a large amount of insurance for an inexpensive price.  Reasons to purchase a Term policy:

  • Income Replacement
  • Recently Married
  • Have become new parents and college tuition
  • Provide funds to pay off a mortgage
  • Provide a charitable donation
  • New job or leaving current employer
  • Starting a business or buy/sell agreements
  • Pay off all liabilities for family and loved ones

Final Expense/Simplified Issue Whole Life Insurance helps pay for final expenses upon death. These plans usually provide $2,000 to $50,000 in benefits and for ages 0-85.  We also have a guaranteed issue product that has NO health questions.  No matter whether you are considered “special/high risk” or you have a terminal illness, we can get you affordable coverage.  Benefits of Final Expense/ Whole life policies:

  • No physical exams
  • Coverage can be issued same day over the phone
  • Level premiums for the life of the policy
  • Insured till 100 years of age
  • Builds cash value
  • No underwriting or physical exams for “special/ high risk”

Children’s Whole Life allows you to purchase a policy that guarantees insurability for life.  These policies are available for ages 14 days to 25 years of age and coverage from $5,000-$30,000.  Here are the benefits to purchasing at a young age:

  • Additional coverage can be purchased in the future without evidence of insurability
  • Level premiums for the life of the policy
  • Benefits do not decrease
  • Simplified application with no underwriting and only two health questions
  • Policies build cash value that may be used for anything
  • Affordable premiums start at $3.24 per $1,000 of coverage

Universal Life Insurance accumulates cash value and earns interest, income tax-free while providing an income tax-free death benefit to your beneficiaries. If an emergency arises the insured has access to these funds by borrowing against the acquired cash value or by asking for a partial surrender of these values.