We provide the information you need to choose the right plan.
When it comes to financial planning, you might immediately think of stocks and bonds. However, choosing the right life insurance policy is also part of financial planning. Our team at Kimeo Smith Agency can help you determine what insurance fits your needs, as well as help you understand the various types, such as whole life insurance.
Selecting the ideal insurance plan that fits with your long-term objectives can be difficult, especially when trying to figure it out on your own. For instance, whole life insurance offers a distinct set of benefits that can make it the ideal option in some situations, but understanding the intricacies that come along with it may cause frustration. Our team takes the time to break down the details of whole life insurance so you can make an informed decision.
The lifetime coverage of whole life insurance is one of the main benefits it offers. Whole life insurance lasts for the entirety of the policyholder’s life, in contrast to term life insurance, which only offers coverage for a set period. Lifetime coverage offers comfort and peace of mind by guaranteeing that beneficiaries will get a death benefit when the unavoidable happens.
In addition, because whole life insurance builds cash value over time, it fulfills two purposes. First, the premium paid contributes to the funding of a cash value account, which grows tax deferred. Second, if needed, you can take out a loan against it or withdraw the accrued cash value to cover a range of financial demands, including retirement, house purchases, and education costs. Also, whole life insurance policies have set rates that don’t change during the policy. This gives you dependability in your financial planning, which helps bring you peace of mind.
It’s one thing to know that life insurance is a necessity, but understanding what policy is best for you can take time. Our team in the Antioch, Tennessee area cuts through the confusion to give you the information you need. Contact us today.
At Kimeo Smith Agency, we offer whole life insurance to those in Clarksville, Antioch, Nashville, Brentwood, Cedar Hill, Cumberland City, Erin, Franklin, Gallatin, Goodlettsville, Hendersonville, Indian Mound, Murfreesboro, Mount Juliet, Nolensville, Smyrna, and Woodhaven, Tennessee.