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Life Insurance Providers Byhalia MS

Life insurance is a type of insurance in which an insurer agrees to pay out a sum of money when the insured dies. This money goes to your beneficiaries who are predetermined by you. Beneficiaries tend to be the individuals who depended on the income you do/will generate. The younger you are when you get life insurance the cheaper the insurance premiums are and sometimes you can even lock in rates. Please scroll down for more information and access to the life insurance agents in Byhalia, MS listed below that can explain more.

Mr. Matthew D. Yokie (RFC®), CEP, CSA
(901) 853-5507
10928 E Shelby Dr
Collierville, TN
Company
Provident Retirement Advisors
Qualifications
Education: BA
Years of Experience: 15
Membership
IARFC, SCSA, SCRFA, NICEP
Services
Invoice, Estate Planning, Portfolio Management, Pension Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection

Data Provided By:
Hammett Insurance
(601) 540-7760
171 Woodgate Dr.
Brandon, MS
Services
Independent Agent Health Life Auto Home

American National Insurance
(662) 236-4334
1124 North Lamar
oxford, MS
Alternate Phone Number
6622364334
Services
Insurance

Gulf National Life
(228) 388-4313
2511 Pass Rd
Biloxi, MS
 
American Income Life Insurance Co
(601) 977-8895
713 S Pear Orchard Rd
Ridgeland, MS
 
Mr. Garron Marcus Penland (RFC®), LUTCF
(404) 966-5616
609 Silverstone Dr
Madison, MS
Company
Penland Financial Group
Qualifications
Education: Graduate Anderson CollegeAmerican CollegeCurrently working on my ARM designation
Years of Experience: 16
Membership
IARFC
Services
Invoice, Business Planning, Portfolio Management, Executive Compensation Planning, personal Coach, Retirement Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Business Coach, Healthcare Accounts, BuySell, LiabCover, Compensation Plans

Data Provided By:
Legacy Insurance Agency, PLLC
(228) 875-5545
2600 Government Stree
Ocean Springs, MS
 
Alfa Insurance
(601) 371-7894
4611 Terry Rd
Jackson, MS
 
Williams Wade
(601) 956-2056
405 Briarwood Dr
Jackson, MS
 
Liberty National Life Insurance Co
(662) 328-5398
200 6th St N Ste 604
Columbus, MS
 
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Understanding Life Insurance

By Joan Mitchell

When your employer breaks out the big box o’ benefits, you may be surprised to see that life insurance is on the table. If you’re like me, you probably thought that life insurance was only for wealthy fat cats and rednecks who want to fake their own death, collect on their policy, and escape to Mexico with their wife (who’s also their aunt). But while the vast majority of recent grads might think that they don’t need a life insurance policy, it’s not a completely cut-and-dry issue. Life insurance—like all insurance—can get pretty complicated, but we’ll try to cut straight to the chase: What is life insurance and what are the pros and cons for a twentysomething?

What Is Life Insurance

Simply put, life insurance is a type of insurance in which an insurer (e.g., State Farm) agrees to pay out a sum of money when the insured (e.g., you) dies. This money goes your beneficiaries who are predetermined by you. Beneficiaries tend to be the individuals who depended on the income you do/will generate. Long story short: if you are worried that if you die unexpectedly that any of your loved ones will be worse off financially, you should consider purchasing life insurance.

If your employer is serving you a policy on a silver platter (i.e., no extra monthly/yearly fees attached), then you should certainly jump on it. Even if they ask for you to slightly subsidize it (e.g., $10/month), still opt in. However, even if that small subsidy is too large for your current economic situation or your company isn't providing you with health insurance (and you're on your own), we ask that you still read on and consider acquiring a life insurance policy.

Deciding Whether or Not You Want Life Insurance

From a recent grad’s perspective, the pros and cons of purchasing life insurance are relatively straight-forward.

Reasons You Might Want Life Insurance

  • To take care of your spouse/kids/parents. If you have kids or you’re married and your spouse would be severely hurt financially by your passing, you need to look into life insurance, which will provide them with cash when you die. This should help soften the economic blow of your passing. Note: Even if you're single, your beneficiary could be your mom, granddad, sister, etc.
  • To Ensure Your “Insurability.” The people who underwrite insurance policies take into account a vast range of variables when calculating premium rates and determining your “insurability”—basically, how much of a risk the insurance company is taking on by insuring you. So if you have cancer or you’re a professional stuntman, you’re far less insurable than a healthy 23-year-old who works in advertising. Thus, most recent grads are highly insurable. This means two things: (1) you can pay relatively low premiums, and (2) getting life insurance now guarantees that the provider must continue to insure you as long as you keep up with your annual premium payments.
  • To Leave a Clean Slate. Morbid...

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