Life insurance in Tennessee
At Carr Insurance Group, we provide many types of insurance in Maryville, TN. If you are in Tennessee, Florida, or Texas and need life insurance coverage, we can help you select the right policy for your needs.
Types of Life Insurance
There are two basic types of insurance. Term life provides coverage for a specified term, often between 10-30 years. If you outlive the policy, there is no benefit paid. Term life premiums are often less expensive than whole life. Whole life coverage provides coverage until your death. The policy also builds cash value over time. You can withdrawal or loan against the cash value amount. Whole life policies are a way to invest as well as protect your family's future.
Term life insurance is a good choice if you don't expect to need life insurance coverage for your entire life. If you plan to have the savings and investments to keep your family financially secure after a certain period, term life insurance is probably the best choice. If you foresee needing life insurance for the remainder of your life, whole life is a better choice. It also provides a simple way to invest, often tax-deferred or tax-free.
Benefits of Life Insurance
The most obvious benefit of a life insurance policy is peace of mind. This is particularly important if loved ones rely on your income. It can give the family time to grieve and consider their next step, instead of being forced to make quick decisions due to financial pressure. It can also protect your family's future. It can provide a way for children to attend college. It can help a spouse keep their home.
Life Insurance from The Carr Insurance Group
If you need life insurance in Tennessee, contact Carr Insurance Group in Maryville, TN. We will discuss your needs and help you select the right policy for your needs.