Life Insurance

For Residents Of Clarksville & Dover in Tennessee & Fort Campbell, Oak Grove & Hopkinsville In Kentucky

Many individuals worry about their loved ones’ financial livelihood after they die. Life insurance can help ease their worries by giving money to the people they’ve identified as their beneficiaries. The decision to purchase life insurance is personal, and we can help you choose the coverage that meets your particular needs. 

What Are the Main Types of Life Insurance?  
There are two main types of life insurance.  

• Term life insurance provides money to your beneficiary if you die during your term. This term could be a period of 10, 20, 30 or more years, depending on your policy’s expiration date. If you don’t die during this period, your policy won’t pay; you must reapply for a new policy to continue coverage.  
  
• Whole life insurance lasts for the rest of your life once you’ve enrolled. Your policy won’t expire unless you stop paying it. A whole life plan also offers a cash value investment opportunity. The cash value component can provide a revenue source and the eventual death benefit while you’re still alive.  
  
  

Other types of life insurance are also available, and we can explore if any is a good choice for you. These include the following:  

• Final expense insurance  
  
• Group life insurance  
  
• Individual life insurance 
  
• Key person insurance 
  
• Long-term care insurance  
  
• Mortgage protection insurance  
  
• Second-to-die policy  
  
• Universal life insurance 
  

How Much Coverage Do I Need?  
Many people tie the value of their life insurance to their debts, such as mortgages or car payments. A beneficiary can use their death benefit to pay these expenses. 

Others choose to tie their death benefit to their income and leave a certain number of years’ worth of their paycheck to their beneficiaries. 

Your life insurance premium depends on your chosen coverage, age and overall health, among other factors. We can help you understand how we calculate a premium.  

Protect Your Loved Ones 
Life insurance can give you peace of mind knowing your loved ones are financially taken care of after you die. To get started on your life insurance policy, call Augustine Insurance & Financial Services Inc. at 931-503-0015.

 

You may also be interested in…