Now including Auto, Homeowners, and more!
Frequently Asked Questions
How long have you been selling insurance?
I started in 2008, and really enjoy the business.
Who do you work for?
I am self employed. I am completely independent and sell for multiple carriers by being appointed directly to them to sell their products. Each carrier has performed credit and background checks to insure I fit their standards to be able to sell their products.
Which companies do you sell insurance through?
I am appointed several carriers.
Health: Blue Cross Blue Shield of Tennessee, Aetna, Cigna, World, United Health Care Golden Rule, and Assurant.
Medicare Advantage, Suppliments and Part D: Healthspring, Humana, Blue Cross Blue Shield, AARP United Health Care, Mutual of Omaha, Family Life, Loyal American.
Life and Annuity: Genworth, Transamerica, West Coast Life, Foresters, American Amicable, Western Reserve, Presidental, Mutual of Omaha, Oxford, NGL, and several others.
Some of these carriers include multiple products, or sell products under other brand names. I add new carriers to my porfolio based upon their performance record, price, and reliability, and new carriers are frequently added. I also have a few discount and supplemental insurance carriers. This is by no means a complete list, it changes often. If you want information about a carrier that is not listed here, ask.
What types of insurance do you sell?
I sell life and health insurance, annunities, and living trusts. This includes medicare suppliments, medicare part d, medicare advantage, and final expense insurance. I offer comprehensive insurance consultation in order to make sure people know all their options and get the best possible coverage at the lowest rates.
How do I choose the right amount of life insurance coverage?
The amount of life insurance protection you should buy depends on how much income your survivors will need, how much you own and owe, and the amount of other life insurance available to you. If you're married, both you and your spouse should consider buying life insurance. Free consultation is always available in order to get a firm grasp on how much insurance you really need at specific times in your life, so that you are always protected but not spending more than necessary. A very simple rule is that you should be insured to the amount of your liabilities. If you have 300,000 in debt, 300,000 would really be a good minimum to start with. It is actually simpler to figure out for a younger person than you would imagine. A 30 year old in good health can get around 50,000 in perminent insurance for $25 a month, then add up their liabilities (mortgage, money owed on cars, plus around 60,000 per child for college tuition) and get a term policy to cover their liabilites. After the term policy expires, you still have the $25 perminent insurance policy, and 50,000+ in coverage.
Is life insurance available for my children? Should I buy insurance on my kids?
There are several reasons carrying insurance on children is a good idea. Because most children have a much longer life expectancy than adults, coverage is available at a very low cost. Most child policies allow for that coverage to then be continued as an adult without providing any proof of insurability. This can be of great importance when the child is stricken by childhood diseases such as leukemia or diabetes, as they can make it very difficult to obtain low cost coverage as an adult. Most child policies allow for coverage to be taken out as an adult at five times the original face value of the child policy, so having a $25,000 dollar policy on a child will guarantee that they will be able to carry $125,000 in coverage once they reach adulthood without providing any proof of insurability.
For older children with student loans, it is a very good idea to have them insured for the amount of debt they have, especially if you are a co-signer on the loans. There are horror stories about parents dealing with the loss of a college age child being harassed by debt collectors over the debts that belonged to their children, because they co-signed the notes for the childs loan before their untimely deaths.
Any Questions?
If you have other questions that are not covered here that you think need to be added, please email them to me at brookjolley@lifeplanningtn.com I will add them to the page.