Life insurance is one of those things people just don’t talk about. This leads to a lack of information being shared. This leaves potential customers with a lot of questions. If you live in or near Memphis, TN, Tackett Insurance Inc. is a local independent insurance agency that has been helping locals with all their insurance needs for more than a hundred years. 

Who should have life insurance?

A simple answer would be everyone but that isn’t completely right. No matter what your age, if you have no dependents, no debt, and have enough money for your final expenses, you don’t need life insurance. 

What is whole life insurance?

Whole life insurance is life insurance that lasts for your whole life. You purchase it and agree to a monthly premium that never changes. You earn dividends on the money in your policy which raises the value of your policy. You can borrow against the value if you should ever need to. 

What is term life insurance?

Term life insurance is a type of life insurance that lasts for a specified term. When the term is over, the policy ends. You can renew, but the premium will increase. What you are paying for is the death benefit, no value accrues. This makes it less expensive which if you need a large amount of life insurance is the most cost-effective. 

How much life insurance do I need?

You need enough life insurance to allow your dependents to maintain their lifestyle in the event you die. How much and for how long is what you need to determine. No two people will need the same amount. Your yearly income multiplied by the number of years they will need your help is the best place to start. 

In Memphis, TN, contact Tackett Insurance Inc. for your life insurance needs.