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Know the Facts About Life Insurance

Shopping for life insurance coverage can be overwhelming. Many people do not understand what all is involved when it comes to life insurance. Our agents at Elite Insurance Solutions want our clients to know the facts about life insurance, so we would like to answer some of the most frequently asked questions on this topic.

Do I need life insurance?

If you have dependents, you need a life insurance policy to help your family and your business if you were to pass away. However, not everyone needs life insurance. According to Bank Rate, this group includes people with grown children who live independently and single elderly people.

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How much life insurance do I need?

Typically, the amount of your life insurance policy should be equal to seven to ten times your annual salary, but there is a possibility that you could need more or not need that much. The agents at Elite Insurance Solutions can help you figure out the amount of coverage you need.

What is term life insurance?

To ensure you have the best protection while your children are young, term life insurance provides coverage ranging from five to 30 years. With budget-friendly annual premiums, these policies are ideal for many families. Having coverage to last until your youngest child completes college can give you peace of mind. Some term life insurance policies can even be converted to permanent insurance if desired.

What is permanent life insurance?

Also known as whole or universal, permanent life insurance policies never expire so the policies eventually do pay out. Additionally, a savings or an investment component is typically included and can appreciate in value over time. The downside of this type of life insurance is the annual premiums can be quite costly.

Do I need to add disability coverage to my life insurance policy?

To be sure you have some income in case of an illness or injury from preventing you from working, disability coverage can be added to your policy if you are not satisfied with the disability benefit at your job. Not every employer offers disability coverage, and many of those that do only cover half of your salary. Our agents can help you decide if you need to add a disability rider to your life insurance policy.

Have more questions about life insurance? Contact Elite Insurance Solutions to find out more about the facts on these policies.

By Randy Hulett on July 27th, 2015 | Tagged with: Tags: , , , , | Leave a Comment

We Love Nashville!

At Elite Insurance Solutions, we serve all of Tennessee, including one of the best cities in the world, Nashville. This capital city has quickly become one of the largest cities in the country because it is such a great place to live. Situated in a central location, Nashvillians enjoy a low cost of living, scenic outdoor sites, friendly hospitality, and many fun-filled attractions. It is no wonder so many people are moving here to make Nashville their home. We would like to tell you about some of our favorite places on USA Today’s Top Ten Attractions list to go in Nashville so that you can see why we love this city so much.

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Cheekwood Botanical Garden and Museum of Art

A privately-owned estate on 55 acres on the western edge of Nashville, Cheekwood Botanical Garden and Museum of Art was opened to the public in 1960. The former home of the prominent Cheek family, the 30,000 square foot Georgian mansion houses an impressive collection of art, including paintings, drawings, and porcelain objects. Surrounding the mansion are the gardens, which feature flowering trees, annuals, and shrubs. Visitors can enjoy featured exhibits and installations, water features, and floral displays. Every week, Cheekwood offers explorative activities for children, making this attraction fun for the entire family.

The Parthenon in Centennial Park

Did you know Nashville is called the “Athens of the South?” This name comes from the numerous colleges and universities in the city as well as from this tribute to classical Greek architecture. This replica of the original Parthenon in Athens, Greece houses a museum that features art from 19th- and 20th-century American artists alongside Athenian sculptures which were created from direct casts of originals of ancient Greek works. Located within Centennial Park, the Parthenon is a great spot for a picnic on a sunny day.

The Ryman Auditorium

One of the most famous music venues in the country, this National Historic Landmark was built in 1892 by Captain Tom Ryman as the Union Gospel Tabernacle. Best known as the former home of the Grand Ole Opry, the Ryman Auditorium continues to host concerts of every musical genre today in its 2,362-seat room. During the months of November through February each year, country music fans can enjoy performances of the Grand Ole Opry here. Not only does this historic building host musical events, but it is also open daily for both guided and self-guided tours. Highlights from these tours include a photo of yourself on the Ryman stage, a timeline of events, a recording studio, and the Hatch Show Print Gallery, an autographed collection of iconic letterprint posters of artists from Aretha Franklin to the Zac Brown Band.

Want to know about more of our favorite Nashville attractions? Contact Elite Insurance Solutions to discover our agents’ recommendations.