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INSURANCE

When you are ready to protect the things in life that are important to you, Greer Financial Group, LLC, can help guide you toward coverage that offers you peace of mind.


Life Insurance

With a variety of life insurance products, we have what you need to help protect what matters most. 

Term Life

For term life insurance, Annual Renewable Term and Level Term policies offer significant protection at low initial cost, with terms from 1-30 years. 

Term life insurance pays a benefit in case of death for a pre-specified amount of time – up to 30 years — but accumulates no cash value. First Tennessee offers two forms of Term Life Insurance: Annual Renewable Term and Level Term Insurance.
Annual Renewable Term renews every 12 months as long as the premium is paid. Although rates increase each year, insurability is guaranteed once coverage is granted. Level Term provides coverage for a set period of time, after which the insured must reapply for coverage.

Annual Renewable Term Insurance Product Features

  • Recurring 1-year term
  • Rates increase annually, as insured ages
  • Potential to convert to permanent insurance without evidence of insurability

Annual Renewable Term Insurance Benefits

  • Insurability valid as long as premium is paid
  • Useful for short-term or temporary insurance protection
  • Lower initial cost than a permanent policy
  • Pays income tax-free death benefit

Level Term Features

  • Set term, such as 10, 20, or 30 years
  • To renew, insured's health, age, and desired insurance amount are reviewed

Level Term Benefits

  • Rates are stable for the duration of the policy
  • Useful for short-term insurance protection
  • Lower initial cost than a permanent policy
  • Pays income tax-free death benefit

 
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Whole Life

Stable premiums and accumulated cash value make Whole Life policies cost-effective in the long term, and viable as an estate planning vehicle.

Whole Life insurance, with its stable premiums and accrued cash value, can be the most cost-effective life insurance over time, and can also be a solid consideration for estate planning. Whole Life insurance provides guaranteed premiums, guaranteed cash values, and a guaranteed death benefit.
A type of Whole Life insurance, Single Premium Whole Life (SPWL) — purchased with a single premium — transfers assets to your beneficiaries, federal income tax-free. Loans and withdrawals from a SPWL policy are permissible*.

Product Features

  • Stable premiums for the life of the contract
  • Accrued cash value
  • Tax-deferred accumulation of earnings

Account Benefits
  • Usually pays income tax-free death benefit
  • Potential withdrawals or loans on the policy
*Withdrawals may be subject to a 10% tax penalty if you are under the age of 59½.

 

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Universal Life

An interest-earning policy with the option to adjust your premium and benefit, Universal Life offers flexibility and security.

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Universal Life Insurance features interest-earning capabilities, along with reasonable, adjustable premiums and benefits, and a guaranteed death benefit paid by the insurance company.
According to the provisions of the contract, you can increase or decrease the death benefit, which will raise or lower your premiums. This flexibility in a long-term policy allows you to adjust the premium over time as your budget grows and provides permanent coverage so long as you continue to pay your premiums.

Product Features
  • Interest-earning long-term policy
  • Adjustable premium and death benefits
  • Tax-deferred accumulation of earnings

Product Benefits

  • Moderate cost
  • Guaranteed paid benefit
  • Usually pays income tax-free death benefit
  • Potential withdrawals or loans on the policy*
*Withdrawals may be subject to a 10% tax penalty if you are under the age of 59½.

 
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Variable Universal Life

A life insurance policy with an investment allocation option and tax-deferred earnings, cash value and death benefit determined by investment performance.

Variable Universal Life (VUL) insurance combines security with investment. As the policyholder, you have the freedom to allocate your premium to various investment options – whether in mutual funds, bonds or equities.
The performance of the investment controls the amount of the cash value, and the amount of your death benefit. So, take charge of your benefits with Variable Universal Life.

Product Features
  • Investment allocation option
  • Long-term, permanent policy
  • Tax-deferred accumulation of earnings
  • Flexible premiums and death benefit

Product Benefits
  • Usually pays income tax-free death benefit
  • Potential withdrawals or loans on the policy*
*Withdrawals may be subject to a 10% tax penalty if you are under the age of 59½.
 

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Disability Income

Provides funds to pay your basic monthly bills, mortgage or business expenses with this policy. Cover all your bases with a personalized, flexible policy.

In case of illness or injury not covered by Social Security or Worker's Compensation, Disability Income insurance can provide the funds necessary to help cover your basic monthly billsand essentials. Individual Disability Income is not contingent on receipt of other benefits.
We have the resources to design a program just for you and your business. Our relationships with top insurers enable us to offer you some of the best insurance options available.

Product Benefits
  • Payments are not subject to same restrictions as Social Security or Worker's Compensation benefits
  • Various deductibles and coverage limits
  • Responsive claim services

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Long-Term Care

With this insurance, you can help protect your family from the rising cost of long-term medical care. 

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Long-term care insurance allows you to design a plan to help meet future health care needs whether in your home, in assisted living, or in a care facility resulting from physical or cognitive impairments. Your long-term care can include a broad range of medical and personal services designed to assist individuals with common daily activities.


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IMPORTANT DISCLOSURES

Fee based advisory services processed through and supervised by Liberty Partners Capital Management, LLC (LPCM) – a SEC registered investment advisory firm.

Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual's personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

Note that any assessment presented here considers several relevant factors but many not consider all factors that are relevant to your particular needs. This information does not suggest future results nor is it intended to suggest what is prudent and appropriate for you. You should not make assumptions about the future performance of your investments based upon this information.



This communication is strictly intended for individuals residing in the state(s) of CA, ID, MD, TX and VA. No offers may be made or accepted from any resident outside the specific states referenced.
 


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