Nashville Life Insurance
Montgomery & Associates Insurance Agency
Life insurance is important for anyone who has a family or owns a home or business. If you are considering purchasing life insurance in Nashville, Brentwood, Franklin, Murfreesboro or any city in Tennessee visit Montgomery & Associates Insurance and Financial Services. Our local agents work with several insurance companies to best help you obtain the right type of life insurance, coverages, and the right amount to cover your needs.
If you would like more information or to obtain a life insurance quote, simply call us at (615) 829-8457, fill out the form on our website or stop by one of our life insurance agency offices. One of our agents will be happy to assist you.
Selecting the Right Coverage
If you work directly with a large insurance company, you will often be on your own to figure out how much insurance you need and which plan is best. The process can be confusing especially if you do not have the knowledge and experience in the field. But when you come to Montgomery & Associates, we can make the process easier for you and ensure that you are properly covered.
Below are some tips to help you determine how much coverage you need. This list is beneficial to clients buying life insurance for the first time. The agents at Montgomery & Associates will help you each step of the way.
Top 3 Tips to Select Life Insurance Amount
1. Evaluate your current finances: Consider how much debt you have and how much income and equity are available. Your financial planner can help you with this assessment
2. Purchase a life insurance policy that pays at least 10X your household income
3. Utilize a 5 year financial plan: Evaluate your future financial situation. Will you be graduating from college and working or quitting one of your income streams to stay home with children or move into a one wage-earner household? Will you make a large purchase such as a home? All these factors will help you determine the best life insurance coverage for you and your family.
At Montgomery & Associates Insurance and Financial Services, you will have a life insurance agent help you determine your insurance needs for you or your business, and those of your dependents. We will advise you on which plans will provide you with the proper amount of life insurance coverage. And we will provide you with cost comparisons, so you can have total control over the final decision.
Whole life or term life
There are different opinions about whether whole or term life policies are the best option in life insurance products.
Which life insurance is better, term life or whole life?
Term life is best if you want to be insured for a certain number of years. Whole life is best if you are looking to carry your insurance coverage throughout your entire lifetime.
Our agents know it can be confusing when trying to figure out which type of life insurance to get. Whether to choose whole or term life insurance depends on your situation.
First, let’s discuss what each type includes. Term life insurance provides insurance benefits at death, while whole life insurance, or permanent life insurance, has death benefits as well as cash value.
Considerations in purchasing term or whole life insurance
: With term life insurance, you can get insurance at an affordable rate in the beginning, so it helps you get coverage if you are unable to afford the higher beginning premium of whole life insurance. However, the premium costs increase over time with term life insurance, whereas they stay the same with whole life insurance.
Length of Time
: Term life insurance is beneficial if you need an insurance policy for a short period of time, whereas whole life insurance provides long-term coverage.
: On top of death benefits, whole life insurance comes with cash value accumulation that you can access throughout your life if you need it. You do not get this benefit with term insurance, which only provides death benefits.
Security: With whole life insurance, your policy will stay in place for the life of the policy as long as you pay your premiums. Term life insurance provides coverage for a certain term.
You have some options with these types of policies. If you have a term life insurance policy, you can usually convert this policy to a whole life insurance policy if you choose to do so at some point. You could also choose to have a term life insurance policy on top of your whole life insurance if you have extra needs at a certain time during your life.
Rely on our knowledgeable brokers at Montgomery & Associates to help you determine whether you should choose term or whole life insurance as a Brentwood, TN resident.
Personalized Insurance Needs Analysis
At Montgomery & Associates Insurance & Financial Services,
we know that each of our clients has different needs. That’s why we won’t try to box you into a policy with everyone else. We want to get you know you and will work to find the right life insurance for you and your needs.
We ensure that you are getting enough insurance to meet your needs, without going overboard at unnecessary cost to you. That is a service you can’t expect from a large insurance company. We can offer this level of service because we work on a small scale and we pride ourselves on offering a local and personal touch to our Nashville area residents.
We also work to assess your personal situation. That means we will figure out the risks that are particular to you or your business. We will then create an action plan to handle those risks.
Do you own a commercial business as an LLC or C-corporation? Life insurance is a great employee benefit to offer. Our agents can suggest employee plans and programs from select carriers with rich benefits as a low cost to you as the employer.
Why Montgomery & Associates
Montgomery & Associates is a local Nashville life insurance company that can handle your life insurance needs and all your other insurance needs, whether they are personal or commercial. Our team is headed by Will Montgomery, our agency principal who started the company in 2010 after six years as a captive insurance agent.
Our staff also includes a dedicated and knowledgeable team comprised of insurance professionals. They are highly experienced, and they go through continuing education to stay on top of their game and provide you with the best insurance service possible.
Life Insurance Companies
Some of the best carriers that provide life insurance policies are represented by Montgomery and Associates.
Other insurance companies represent only one carrier and have to sell that specific carrier’s policies. Montgomery & Associates offers multiple rate quotes to compare companies, coverage and cost.
There are many benefits you will receive when choosing Nashville’s local insurance company, Montgomery & Associates Insurance & Financial Services.
We are an independent agency, so we can offer you insurance from many different carrier instead of just one option. Since we’re independent, we do not have a vested interest in one company and we can find you a variety of companies, plans and prices, which is obviously in your favor.
We believe in satisfied customers, so we will work hard to ensure that you are completely satisfied with your experience and your policy.
Top 4 Life Insurance Carriers
- Progressive Insurance
Life Insurance Options
Whenever you’re ready to discover the life insurance options available to you, simply contact us! You have three different ways to do that: call our friendly staff at (615) 829-8457, fill out the form on our website
or you can stop by our office. Just call first for a same-day appointment. We take all the recommended COVID precautions. We look forward to connecting with you.