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Individual Life Insurance in Oakland TN & Somerville TN

Reassurance for you and your Loved Ones.

The Insurance Agency provides life insurance to individuals in Oakland, Somerville, Collierville, Bolivar, Selmer, Arlington, and surrounding areas.

Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. 

Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child’s education. It can even be used to continue payments on your mortgage to help ensure that the family home stays in the family.

At The Insurance Agency, we know that choosing a Life Insurance plan is a big decision with many important factors to consider. Our knowledgeable team of insurance professionals is committed to walking you through the process and providing you with the best insurance solution to give you and your family the reassurance they deserve. 

Types of Individual Life Insurance

The Insurance Agency offers several different coverage options for your consideration including term life, whole life, and more.

Term Life – This is typically the simplest and least expensive insurance option. Term life insurance provides coverage at a fixed rate for a specified period of time. It’s a benefit policy that’s used primarily to cover financial responsibilities of the insured, with the benefit to be paid only if the insured were to die during the specified term. Most term life policies can be converted to a more permanent insurance solution such as whole life or universal life insurance.   

There are two types of term life insurance: 

  • Annual Renewable Term is purchased for a period of one year, with the death benefit to be paid only if the insured were to die during that one-year term, along with the option to renew after the term period.
  • Level Term Life guarantees a fixed premium for a given period of time, usually in terms of 10, 15, 20, or 30 years. Your premium is based on your age and coverage options, with longer terms being more expensive.
  • Whole Life – As the most common type of permanent insurance, a whole life policy guarantees a death benefit for the lifetime of the insured as well as a cash value account for savings. Your premium remains constant throughout the duration of policy while payments over and above your premium are credited to your savings, which earn a fixed rate of interest. 

The Insurance Agency is here for you

There are many things to take into account when purchasing life insurance, and changes in your life situation can reflect changes in your insurance requirements. That’s why it’s important to carefully consider the different policy options and ensure that you have the right solution to meet your long-term life insurance needs. 

An insurance specialist with The Insurance Agency will review your current life insurance situation and help you design a policy to plan for the future. 

At the end of the day, one of the biggest investments you can make is an investment in yourself. 

As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs.

Our Locations

*The Insurance Agency

6870 US-64
Oakland, TN 38060
Main office: 901-465-4212

Bass Insurance Agency

140 E Main Street
Whiteville, TN 38075
Main office: 731-254-8263
Toll free: 800-532-6667

The Insurance Agency

303 East Poplar
Selmer, TN 38375
Main office: 731-434-3003

Our Providers

Testimonials

When my insurance company kept raising my rates periodically, I went shopping for another option. I contacted Will with The Insurance Agency, who signed me up with a top-rated company while saving me lots of money. Recently, I had to file a claim on my Homeowners and Will handled the process quickly and to my satisfaction. So if you would like to save some money with some friendly, helpful folks -- call Will.
James H.
Will is very experienced and knowledgeable about the insurance industry. He is helpful and thorough when writing insurance coverage for a customer. He goes above and beyond to ensure that coverage is accurate.
Ashley H
It would be hard to imagine a better insurance agent than Will — for personal or business insurance. He consistently pursues the best coverage at the least cost and constantly provides great personal service. He’s very careful to keep us informed of any developments that may impact our insurance coverages or expense and to help us always plan ahead for them. In short, Will is a tremendous asset for us and we rely exclusively upon him.
Ken M