The company agrees to pay a beneficiary a specified amount of money when you die. The beneficiary is usually your spouse or children but can be anyone else as well.
Life insurance is a good way to provide for your family in the event that something happens to you. You can get life insurance coverage in various forms, including term life, whole life, universal life, and variable life policies. In addition to providing protection for your family, it can also produce income tax-free growth on premiums paid into the policy if it includes an investment component like Universal Life Insurance does.
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6906 Kingston Pike #201 Knoxville, TN 37919
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Young National Insurance Agency