Life Insurance
You trust us with all your financial needs, and you can also trust us to protect the people who matter most in your life. We’ll get your life insurance quotes in seconds; click below to get started.
Select the Perfect Plan
Shop and compare the rates of several highly rated companies at your leisure without the pressure from salespeople.
Plans for every budget and life stage. Once you have selected the plan that is right for you, complete and sign the application. It’s easy!
If you prefer, contact a licensed professional at any time.
Call (901) 563-7999 or email us at [email protected]
Need Help?
Hi, I’m Thomas! I’ll get your life insurance quotes in seconds. Ready to go?
Our Quote and Apply tool allows you to:
See How Easy It is…
…to get started today!
Learning Center - Insurance Products
Individual Life Insurance
Individual life insurance can play an important role in your financial planning. It can help provide financial security for your loved ones and also provide estate planning and tax-deferred savings benefits.
Death benefits paid on individual life insurance policies are generally federally tax-free and can be used by your beneficiaries for any purpose. Life insurance can be used to create a legacy for your loved ones or important causes you want to support.
Individual life insurance falls into two basic categories: term or permanent policies.
This type of policy lasts for a certain number of years, typically 5 to 30. A term life insurance policy only pays death benefits if the person dies within the policy period. It is a means to ensure that funds for specific purposes, such as college tuition, debts owed, or the mortgage on your home, are covered in case you die during a finite time frame.
As long as you stay current on your premiums, permanent life insurance provides coverage for your entire lifetime. This type of policy is often used for tax and estate planning purposes and for funding trusts for dependents with special needs. Most of these policies have a savings component that allows for the accumulation of cash value on a tax-deferred basis. Typically, the premium of a permanent life policy stays the same for the lifetime of the policy and does not increase as you age.
The cost of individual life insurance varies from person to person and depends on the type of policy, the amount of coverage, and factors such as overall health and age. Our agents can help you find the right life insurance policy to suit your needs.
Long Term Care
Our health can deteriorate as we get older, and no one wants to place a burden on the family. Long-term care (LTC) insurance provides protection should you require extra help in the future.
Group insurance policies often cost less than coverage you purchase on your own. In the case of long-term care insurance, however, you may be able to get equal or better coverage for less money with an individual policy. Contact an agent at My Direct Life in , Florida, to explore individual long-term care insurance options.
The cost of long-term care insurance offered through your employer may be more than you need to pay. When purchased on an individual basis, many LTC policies offer discounts that can result in substantial savings for good health or including a spouse/partner on the policy.
Good Health Discounts: Depending on your age, the underwriter for the insurance company may request health information for evaluation. If you are in good health, you may qualify for a significant discount, typically 10%. Even if your health changes in the future, you won’t lose the discount.
Spouse/Partner Discounts: Marital or spousal discounts can reduce the amount each individual pays for long-term care insurance by as much as 40%. With combined savings for a couple, the cost may add up to only 20% more than a single LTC policy.
Age is a major determining factor in the cost of individual long-term care insurance – five years can make a significant difference. Other major factors impacting premiums are general health and whether you purchase coverage singly or as a couple. If you are considering individual LTC insurance, our agents can help you find a policy that provides the best benefits and suits your budget.
Whole Life Insurance
Whole life insurance provides permanent protection for your family with premiums that never increase. Better still, a whole-life policy builds cash value that you can use while you are living to reach your financial goals.
We all want to know that our loved ones are protected and will not suffer financial devastation should an unexpected death occur. Whole life insurance offers protection for both the future and the present. Benefits of this type of life insurance include death benefits, cash value, and dividend opportunities.
With whole life insurance, your premiums will never increase, your coverage won’t change, and protection for your family is guaranteed to last a lifetime.
A whole life insurance policy accumulates cash value, guaranteed to increase over time. If you need money for college tuition, an emergency, or to supplement retirement income, you have access to funds you can borrow from your whole life policy.
Whole life policyholders are eligible to receive dividends, which can be used to increase insurance protection and cash value. Although they are not guaranteed, some insurance companies consistently pay dividends to participating policyholders.
Average rates are typically higher on whole life than on term life insurance policies because whole life policies have cash value buildup. Factors that impact the cost of whole life insurance rates include age, gender, health, occupation, and location. Our agents can help you find a whole life policy that provides the most benefits for the best available rates.
Final Expenses Insurance
Losing a loved one is an emotional, difficult experience. When you are grieving the loss of someone you love, it is not a good time to be faced with unexpected financial burdens. Expenses associated with death, on average, can exceed $8,000. To spare your loved ones when you pass away, it is advised that you put a final expense insurance policy in place to pay for end-of-life costs.
Expenses associated with death could have a significant financial impact on your loved ones. Social Security only provides a one-time payment of $255 for burial expenses. The average funeral costs more than $8,000 when you factor in the costs of:
- Death certificates
- Memorial
- Housing the remains
- Transportation
- Preparation and embalming
- Use of funeral home
- Casket
- Headstone
- Burial plot
- Burial service or cremation
- Flowers
- Printing of memorial cards
Final expense insurance is designed to help protect your loved ones from having to pay these expenses out-of-pocket. The policy also pays off the debts you have accumulated at the end of your life.
Different types of final expense insurance are available. You can purchase a whole life policy that covers you until death, or a less expensive term policy that covers you until you reach a specified age. Both types of policies are available at various limits and premiums. Our agents can help you find the right final expense insurance policy to suit your needs.
Universal Life Insurance
Universal life insurance is lower-cost, flexible, permanent life insurance that offers a savings element, which can be invested to build up cash value. As your life circumstances fluctuate, the premiums, savings component, and death benefits can be reviewed and changed. Our agents can recommend a universal life insurance policy that works to protect your family and your budget.
How Universal Life Insurance Works
Under the umbrella of permanent life insurance, universal life insurance provides more flexibility than whole life insurance. The insurance company breaks the premiums down into two categories: the cost of the insurance and the cash value, or savings, component. As long as the cost of the insurance is covered to keep the policy in force, the premiums can be adjusted based on the policyholder’s needs over time.
Premiums over the minimum cost of the insurance accumulate as cash value. Those funds can be used to pay premiums. The policy is guaranteed for the entire term, as long as the minimum cost of the insurance is covered one way or another, through paid premiums or cash value.
The insurance company issuing the policy establishes an interest rate minimum. If the portfolio outperforms the minimum interest rate, excess earnings can be applied to the cash value. Policyholders can borrow against a portion of the cash value without affecting guaranteed death benefits and with no tax implications. Withdrawals can also be made, but may incur tax liabilities.
Factors affecting the cost of universal life insurance include your age, health, weight, occupation, whether you smoke, and the policy itself. Our agents can help you find the best value and coverage for your money.
Annuities
Fixed annuities can play an important role in your retirement planning. While a pension and Social Security may provide some retirement income, it may not be sufficient for the kind of retirement you want to have. Fixed annuities can help you save for retirement and provide you with additional income over the years ahead.
Essentially, a fixed annuity is a CD-type investment issued by an insurance company. You pay into the annuity, either in one lump sum or in payments over time. In exchange, you get a guarantee of receiving payments in the future, either for a specified period or for the duration of your life.
Annuities are designed to help you save for your retirement and provide you with income when you retire. They offer several benefits, including:
- Tax-deferred growth potential
- Protection from market downturns, which is helpful in keeping up with rising medical costs and inflation
- Flexible income options
- Joint-life payout for both you and your spouse during retirement
- Death benefit for your beneficiaries (or a cause or charity you believe in)
Fixed annuities can be immediate or deferred. Deferred fixed annuities accumulate interest at a regular rate, while immediate fixed annuities make fixed payments during your retirement, with amounts determined by your age and the value of the annuity. Fees for fixed annuities vary, depending on type and amount, and the costs involved may be difficult for a person to understand without assistance from a professional. If you are considering a fixed annuity to improve the quality of your retirement, our agents can help find the right insurance product for you and your spouse.
Term Life Insurance
The simplest way to protect the ones you love is to purchase term life insurance. It enables you to lock in the lowest available rates for a specified period of time. If you should die within that time period, death benefits can replace lost income to help provide for the ones you leave behind.
How Term Life Insurance Works
This is the most straightforward type of life insurance policy. You pay premiums on a monthly or annual basis, and your dependents are protected during the policy term. There are a variety of affordable term life insurance products available. Our agents can help you find a term life insurance policy to fit your budget, timeframe, and needs.
Types of Term Life Insurance
There are several term life insurance options to choose from, such as select term, return of premium, and instant answer term.
Select Term
You select 10, 20, or 30 years of coverage with level premiums for the initial policy period, which will increase annually thereafter. The policy may be renewable and convertible to a permanent policy.
Return of Premium
This type of insurance gives you coverage with a level premium for your choice of 20 or 30 years. All the policy premiums you have paid will be returned to you if you outlive the policy period.
Instant Answer Term
This type of policy provides death benefit protection for 10 years or until you turn age 50, whichever is longer. It is designed to provide base-level life insurance at an affordable rate.
The cost of term life insurance depends on the type and term of the policy, as well as other factors. Our agents can help you select the right term life insurance to protect your family.
Mortgage Protection Insurance
Mortgage protection insurance (MPI) provides protection against financial disaster in case a breadwinner of the household dies before the mortgage is paid off. It can give you peace of mind, knowing that your mortgage will be covered if a tragic accident or illness leads to death or disability.
How Mortgage Protection Insurance Works
When tragedy strikes, mortgage protection insurance can help save your home. You pay a set premium for the duration of the policy. If you should die during the policy period, the insurance company pays out a death benefit. In the case of a disabling injury, MPI makes it possible to continue making your monthly mortgage payments.
The type of death benefit depends on the type of policy you put in place. In the past, mortgage protection insurance was designed to pay off the outstanding balance on the mortgage. Today, many policies will pay out the full amount of the original mortgage, regardless of how much you still owe. Beneficiaries can use the funds to pay off the mortgage in one lump sum or for any other purpose.
You can buy the policy when you purchase your home or within a certain time period after closing. The time limit is generally 13 to 24 months, although it may be as long as 5 years with some companies. This insurance is typically issued on a guaranteed acceptance basis, which is valuable for people who have health issues and might be uninsurable or only insurable at a higher rate.
Pricing for mortgage protection insurance depends on the age of the insured, the size of the mortgage, and whether the insured is a smoker. If you are buying or have recently bought a home, our agents can assist you with mortgage protection insurance.
Disability Insurance
Individual disability insurance is an excellent way to help protect your income and financial standing if you suffer a disabling injury or illness. If you need more protection for your paycheck, contact our agent at My Direct Life in , Florida, to talk about individual disability insurance.
When you stop to think about it, your paycheck is what makes the lifestyle you have possible. Sometimes the unexpected happens. If you were unable to work because of an illness or injury, how would you pay your mortgage, utilities, car payment, credit cards, and countless other expenses? How long could you get by without a paycheck?
Unexpected medical problems, accidents, and injuries can get in the way of earning an income. Individual disability insurance can help you protect what matters most and pay your expenses if you are unable to work because of an illness or injury.
Disability insurance is designed to cover more than catastrophic accidents that result in injuries. Illnesses such as cancer and multiple sclerosis can also have a dramatic impact on your ability to work and support your family. In fact, the vast majority of disabilities are the result of an illness or health condition.
The price of disability insurance will vary per individual. Pre-existing health conditions can increase the cost of this insurance, and may not be covered for the first year of the policy. Factors that affect premiums include:
- Current salary
- Age
- Smoking status
- Health conditions
Our agents can help you shop for the best available rates on an individual disability insurance policy to protect your income and your way of life.