Term Life Insurance
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Understanding Term Life Insurance in TN
For people who are the main earners or ‘breadwinners’ in their families, a common fear is that premature death will leave their spouses and children high and dry with little financial resource or ability to pay the bills. This fear, of course, is why people buy life insurance policies from insurance brokers. But what is the difference between term life insurance and whole life insurance? How are you supposed to know what typical term life insurance rates are? What are the best term life insurance companies? These questions aren’t as difficult to answer as they appear.
Term life insurance has that name because it is designed to protect your family for a certain ‘term’. Essentially, you pay a monthly or annual premium to the insurance company, and they agree to pay a fixed amount to your family for a certain number of years (usually 10, 20 or 30) in the event of your untimely demise. This type of policy is popular because it is both cheaper than whole life insurance, which provides lifelong coverage as well as an investment component, and offered by more insurers.
The best term life insurance packages are very manageable for most families, largely due to the fact that the premium is being paid out over such a long period of time. In fact, monthly premiums for cheap term life insurance can go as low as $100 or $150 in some parts of the world. To determine the term life insurance cost for certain plans, insurance companies will look at a few different factors, including age, health, location, employment and financial history.
When you’re browsing around for term life insurance quotes, it’s very common to visit the websites of insurance companies to request term life insurance quotes online. That way, you can find the right coverage at the right price for you and your family. Life insurance policies are often used to pay for short-term bills like credit cards, but they might also be used to fund longer-term ventures like college educations, mortgages, car payments or substantial lines of credit for home renovations. That means you want to be prepared for anything, in case something goes wrong tomorrow.
Visit our website to request a quote online, or call us directly to speak to an agent. We don’t sell all of our customers the same few plans or try to get you to go out of your comfort zone — we zero in on your goals, your finances and your personal situation. That’s how we get every customer the plan they need.
Joey Proffitt Agency
401 Hudson Drive Ste 1,
Elizabethton, TN 37643