Look After Your Loved Ones With Life Insurance

A life insurance policy is a really great way to ease burdens and continue giving to your loved ones even after death. Not only that, but at Elite Insurance Solutions, we often find that taking out a life insurance policy is just the first step towards other, more comprehensive insurance and investment decisions that can enrich your family’s life.

Why Do I Need Life Insurance?

If you think life insurance sounds like an unnecessary expense, you’re certainly not the first person to think so. But preparing for the worst is one of the smartest and most loving things you can do for your family. Here are some reasons why you may need life insurance:

  • Income replacement: Life insurance can help your spouse maintain the same standard of living after you’re gone.
  • Final expenses: Life insurance can help cover funeral expenses, burial costs, and medical bills.
  • Short term debts and needs: Life insurance can help your family cover your outstanding debts and bills.
  • Child-raising expenses: Life insurance can provide additional protection during child-raising years and while funding college.
  • Mortgage protection: Life insurance can help your family pay off your mortgage.

A word of advice about life insurance: Don’t put it off. You’ll have an easier time getting approved and securing a low cost the younger you are. Please also note that as your personal situations change so will your life insurance needs. When you get married, have a child, or get a job promotion, you’ll want to consider adjusting your life insurance.

5 Types Of Life Insurance

1. Term Life Insurance: Simple and affordable life insurance for a specified time period—usually 10, 20, or 30 years. Payments are fixed for a “term” and paid on a monthly or annual basis.

2. Whole Life Insurance: Permanent insurance policy with fixed premiums, a guaranteed death benefit, and cash value growth.

3. Universal Life Insurance: Permanent insurance with fixed premiums, flexibility to change payments, premiums, and death benefit options.

4. Variable Universal Life Insurance: Permanent insurance with flexibility to change payments, premiums, and death benefit options. This type of insurance presents policy holders with the opportunity to make investments that may yield a higher cash value.

5. Survivorship Life Insurance: Permanent insurance for two people that provides a payout to beneficiaries after the second person passes away.

Elite Insurance Solutions can help you determine how much life insurance you need to carry—and which type is best for you—so that your family remains well taken care of.

For more information on life insurance, contact one of our expert agents. Click here to find the Tennessee location and agent nearest you.


At Elite, we can help you find the health insurance plan that is the best fit for you and your budget. Talk to us about this important personal coverage.

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My relationship with Barhyt Henry of Elite Insurance has been extremely beneficial to my company and myself in a variety of ways. Barhyt assisted us immensely with our insurance needs during the establishment of Vericom Global Solutions. In 2009 when we started Vericom his guidance helped us navigate the many issues related to facility, inventory and liability insurance. Vericom is a company that competes with established multi-billion dollar organizations and the support provided by Elite Insurance was more than helpful.

During the last five years I have worked with Barhyt and Elite Insurance not only for my commercial insurance requirements but also for my individual personal insurance needs. His and their support is greater appreciated, valued and timely.

~ Ken Rodgers, Knoxville, TN