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Protection for Your Loved Ones Let our team assist you in determining the best type of coverage and which company is right for you. |
We are conveniently located at:
6505 Oak Ridge Hwy.
Knoxville, TN 37921
Please call, email or come by today to
speak with one of our friendly agents.
865-909-0082(phone)
865-909-9138(fax)
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| Life Insurance What is life insurance? Life insurance is a contract, often called a “policy”, between you and an insurance company to provide money to a person you designate, in the event that you die during the time the contract is in force. In essence, during your lifetime you pay money, known as the insurance “premium”, to the insurance company. It promises to pay money to the persons you name, the “beneficiaries”, at your death. Some types of life insurance also give the policy owner the right to “borrow” a portion of the “cash value” within a policy, or to receive an “accelerated death benefit” if you become terminally ill or require confinement |
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| Do I need life insurance? You need life insurance if some person would experience a significant financial loss in the event of your death. A common example of this is the family breadwinner whose income totally or partially supports a family. The death of that person would result in loss of income and financial harm for the remaining family members. Other reasons are to put your kids through school, pay the car note, mortgage, or other debts you have left behind, and pay funeral expenses. Those who might be leaving estates of $650,0000 or more (higher amounts apply in future years, ) often need life insurance to pay for estate taxes. Business partners are another important example. The death of one partner might obligate the other partners to buy out the heirs: the life policy can be the source of funds. |
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| Will I have to be examined by a doctor to buy life insurance? Rules vary from company to company and for different types and amounts of insurance. For very small amounts of insurance or association or group plans, |