Variable Life Insurance, Antioch, TN

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We can help you understand your options regarding variable life insurance.

As a safety net for your loved ones in the event of your death, life insurance is essential to financial planning. Variable life insurance is a distinctive and adaptable choice among the many kinds of life insurance. Our team at Kimeo Smith Agency can help you understand your need for life insurance as well as explore how variable life insurance fits into that need.

Variable Life Insurance in Antioch, Tennessee

Variable life insurance combines a death benefit with an investment component, allowing policyholders to allocate a portion of their payments to a variety of investment options, including stocks, bonds, and mutual funds. This is different from standard life insurance plans, which offer fixed premiums and guaranteed cash values. There are a few important characteristics of variable life insurance to understand.

  • Death Benefit – Variable life insurance, like other life insurance plans, pays out a death benefit to designated beneficiaries in the event of the policyholder’s passing. This benefit is typically exempt from income taxes and can provide your loved ones with important financial support.
  • Cash Value Accumulation – Depending on how well the selected investment options perform over time, the cash value component of variable life insurance increases. Throughout the policyholder’s life, they can access this cash value, which serves as a source of liquidity.
  • Investment Alternatives – There are a range of alternatives available to policyholders on how to divide their premiums. Our team can talk to you about these alternatives and any risks that might be involved.
  • Flexibility –Premium payments and death benefit amounts are frequently flexible with variable life insurance policies. Policyholders can modify their coverage levels and premiums to accommodate evolving financial situations.

Even though it might not be appropriate for everyone, variable life insurance might be a great option for you once you understand it fully. Talk to our team today in Antioch, Tennessee to learn more.

At Kimeo Smith Agency, we offer variable life insurance to those in Clarksville, AntiochNashville, Brentwood, Cedar Hill, Cumberland City, Erin, Franklin, Gallatin, Goodlettsville, Hendersonville, Indian Mound, Murfreesboro, Mount Juliet, Nolensville, Smyrna, and Woodhaven, Tennessee.