Providing for your family is so important – even in the event of your death. Irvin-Dyal & Brown will find the right life insurance policy that provides the best possible future for the people who depend on you. We offer a wide range of life insurance products in Spring Hill, Brentwood & Franklin, TN.
Providing for your family is so important – even in the event of your death. Irvin-Dyal & Brown will find the right life insurance policy that provides the best possible future for the people who depend on you.
Benefits that you could enjoy during your lifetime include:
- No taxes on the cash value increases while inside the policy
- Cash value earned and borrowed from a permanent life insurance policy can be applied to emergency expenses, college costs or retirement income.
(Policy loans reduce cash values and death benefits and MAY BE SUBJECT TO OTHER CHARGES OUTLINED IN THE POLICY)
It’s not easy to face the inevitability of death, and even more difficult to consider the possibility of an untimely death. As the oft-quoted Benjamin Franklin famously said: “Only two things are certain in life: death and taxes”.
If you are an adult you no doubt have family members who are dependent on you financially, and who would be left in great difficulty should you pass away suddenly. The way to ensure that the loved ones you leave behind are able to continue to live in the style to which they are accustomed after you are gone is to take out a life insurance policy.
Here at Irvin-Dyal & Brown we represent more than 20 leading insurance companies, so we are ideally placed to find exactly the right sort of life insurance cover for your personal circumstances.
Being independent insurance providers based in Franklin, Tennessee, we are not pressured by any corporate insurers to sell you a policy which may not be right for you. We are free to find you the best possible life insurance from a reputable company to suit your budget, giving you the peace of mind that comes with knowing you have taken care of your beneficiaries most advantageously.
There are two main types of life insurance available: Term Life Insurance and Permanent Life Insurance.
The most simple type of life insurance which we offer at Irvin-Dyal & Brown is Term Life Insurance. This form of life insurance covers you for a fixed period and pays out a fixed lump sum if you die during the policy term. This is also usually the cheapest life insurance available.
Term Life Insurance suits those who want to ensure a cash sum is left to their dependants when they die to pay off home loans, college fees, a funeral, or other debts that may be left behind. Once you have bought a Term Life Insurance policy you will have the certainty of knowing exactly what the pay-out to your beneficiaries will be upon your death. There is, however, no investment element to this form of life insurance, and if you don’t die within the policy period you won’t get any money back when the term ends.
Term Life Insurance policies have low initial premiums but these increase as you age. You always have the option of converting your term life insurance into a Permanent life insurance policy – also known as whole life insurance – which covers you until you die.
Our specialist life insurance agents recommend that permanent life insurance is a good choice if you want lifetime cover and fixed premiums. What makes permanent life cover even more attractive is that most plans allow the cash value to build inside the policy over time with no taxes payable.
The cash value of a permanent life insurance policy can also be borrowed (subject to conditions and fees as will be explained to you when you enter into the policy) for emergencies, helping you with things like medical expenses and a retirement top-up.
If you do take a policy loan, the cash value and death benefits of a permanent life insurance policy will be reduced, but it can be comforting to know as you age that you have guaranteed financial protection available to fall back on.
Get in touch today to arrange a consultation with an Irvin-Dyal & Brown life insurance expert and ensure that the future remains bright for your loved ones.
Two types of life insurance:
Term Life Insurance
- Protection for a specified period of time
- Low initial premiums that increase with age
- Easily converted to permanent coverage
Permanent Life Insurance
- Fully Guaranteed premiums, values and death benefits