Life Insurance2022-11-28T13:03:54-05:00

Life
Insurance

Life Insurance

google rating and reviews graphic
fearnow bbb badge
angies list a rating badge
google rating and reviews graphic
fearnow bbb badge
angies list a rating badge

Quotes from 350+ Carriers:

progressive insurance
auto owners insurance
travelers insurance
nationwide insurance
liberty mutual insurance
allstate insurance

Save up to 37% with Fearnow Insurance

Many financial experts consider Life insurance to be the cornerstone of sound financial planning.  It is generally a cost-effective way to provide for your loved ones after you are gone.  It can be an important tool in the following ways:

Income Replacement

For most people, their key economic asset is their ability to earn a living.  If you have dependents, then you need to consider what would happen to them if they no longer have your income to rely on.  Proceeds from a Life insurance policy can also help supplement retirement income for your significant other.  This can be especially useful if the benefits your surviving spouse or domestic partner receives will be reduced after your death.

Pay Outstanding Debts & Long-Term Obligations

Consider Life insurance so that your loved ones have the money to offset burial costs, credit card debts, and medical expenses not covered by Health insurance.  In addition, Life insurance can be used to pay off the mortgage, supplement or provide retirement savings, and help pay college tuition.

Estate Planning

The proceeds of a Life insurance policy can be structured to pay estate taxes so that your heirs will not have to liquidate other assets.

Charitable Contributions 

If you have a favorite charity, you can designate some of the proceeds from your Life insurance to go to this organization.

What Our Customers Say

Fearnow has always been quick to get me insurance on the same day I call, they handled my business and home insurance in the past and now my car insurance. They have always been able to save me money and make handling my policies easy. Couldn’t recommend a better company for all of your insurance combined.
jake Maxwell
17:04 01 Dec 23
Joe saved me 24.5% on my monthly bill. Highly recommend.
Ryan Gaul
23:12 29 Nov 23
I've used Fearnow in the past and I'm back again. Joe Boyle cares so much for his clients. He looks out for your best interest. He'll find you the best coverage and price. He very honest and trustworthy. He has years of experience. I'm glad I came back to Fearnow Insurance. I switched my Auto and Homeowners insurance because the price and coverage was so much better than what I had before. Call and ask for Joe if your checking around for quotes he'll get you the best price.
Debbie West
18:44 21 Nov 23
updated all my insurances today. Jennifer Rubio saved me some money, she is sweet and kind and very professional.
Patricia Cates
17:40 14 Nov 23
Joe was kind enough to navigate through the current Florida homeowner’s insurance minefield. I can’t not recommend Joe and Fearnow Insurance enough to anyone looking for an insurance policy.
Jason Taitt
21:20 08 Nov 23
I would highly recommend Joe. He was very thorough and worked very diligently to save me a significant amount on my car insurance.
Rick Rampersad
18:55 03 Nov 23
Brian and his team did what three other agencies could not do. They were able to get our ministry back up and running again with a general liability policy! Thank you!
Daily_ Inferno
00:05 01 Nov 23
Joe is always so quick to get back to me, knowledgeable, on point and lays out all my options clearly. It’s always a pleasure to work with him. Thank you for all your help throughout the years. I really appreciate it!
Madai Brewster
12:21 31 Oct 23
Awesome! Prompt, friendly, articulate, couldn't have asked for better service. And saved me $700 a year for the exact same coverage. Thank you Joe!
Lauren Renaldo
19:54 30 Oct 23
Service by Joe Boyle at Fearnow Insurance is right at the perfect threshold!
CrossPointe Family
16:13 30 Oct 23

The Fearnow Agency Advantage

  • We work for you, not the insurance carriers, to ensure your claims are processed efficiently and are paid out quickly.
  • Unlike a single-company agency, we have access to over 100 carriers, so we’re never limited in the services we can provide you.
  • We can save you up to 37% in insurance cost, or get better coverage for the same cost.
  • We always provide full disclosure of plan inclusions and exclusions.
  • We offer customized plans tailored specifically to your needs, instead of forcing you into a pre-packaged solution that won’t really work for you.
  • Our agents are continuously training, so they stay the leading experts in their field.

Home Much Life Insurance Should I Buy?

To decide how much Life insurance to buy, you need to first figure out what your goals are when purchasing this coverage.  Ask yourself the following:

  • Do I want to spare my loved ones from my funeral costs and outstanding debts?
  • Am I concerned that my spouse or domestic partner will not be able to continue to pay off the mortgage if I die suddenly?
  • Do I have dependents who count on my income?
  • Am I concerned about college savings for my children, or retirement savings for my spouse if I die suddenly?

While all situations are different, here are two scenarios to help you think through the questions you should pose to your insurance professional.

Local & Family Owned

Offices serving the local Tampa, FL and Wilson, NC areas for almost 30 years!

Competitive pricing nationally with world-class customer service!

Dependents

If you have children, a spouse who does not work outside the home, or aging parents who you financially support, then you have dependents.  Alternatively, you may simply have a spouse or domestic partner who would be unable to pay the mortgage without your financial contribution.  In either case, your loved ones will no longer have your income to help them pay the bills and maintain their lifestyle after you are gone.  You will have to purchase enough insurance to provide for their future, while considering how much of your budget should be devoted to Life insurance.

Some insurance experts suggest that you purchase five to eight times your current income.  While this may be a good way to begin estimating your family’s needs, you will also need to figure how much your dependents will need to pay for some or all the following:

  • Cost of owning a home (mortgage, maintenance, insurance, taxes and utilities)
  • College savings
  • Food, clothing, utilities
  • Child care
  • Nursing home or elder care
  • Retirement savings
  • Funeral expenses and estate taxes

Your family may also need extra money to make some changes after you pass away.  They may want to relocate, may have to start paying for childcare, or your spouse may need to go back to school in order to be in a better position to help support the family.

No dependents

If you are young and plan to have a family in the future, you may also want to consider purchasing Life insurance now so that you can lock in a good rate.

Just because you don’t have dependents, does not mean that you don’t have responsibilities.  For instance, you may be concerned with not being an economic burden to others if you die unexpectedly.  You may also want to leave some money behind to close family, friends, or a special charity as a remembrance.  In this case, you should purchase enough coverage to pay funeral and burial expenses, and outstanding debts and tax liabilities, so that the bulk of your estate goes to your family, friends, or selected charity.

Your insurance needs will vary greatly according to your financial assets and liabilities, income potential, and level of expenses.

Types of Life Insurance

While there are many different types of Life insurance policies, they generally fall into two categories – term and permanent.

Term

Term Life insurance is the simplest form of Life insurance.  It provides financial protection for a specific time, usually from one to 30 years.  These policies are relatively inexpensive and are well suited for goals, such as insurance protection during the child-raising years or while paying off a mortgage.  They provide a death benefit, but do not offer cash savings.

Purchasing Term Life insurance is like renting a home.  It is a short-term solution.  Monthly costs are usually lower, but you will not be building equity.  Individuals who need insurance protection now, but have limited resources, may purchase term coverage and then switch to permanent protection.  Others may view Term insurance as a cost-effective way to protect their family and still have money to put into other investments.

Permanent

Permanent Life insurance (such as Universal Life, Variable Universal Life, and Whole Life) provides long-term financial protection.  These policies include both a death benefit and, in some cases, cash savings.  Because of the savings element, premiums tend to be higher.  This type of insurance is good for long-range financial goals.

Purchasing permanent insurance is like buying a home instead of renting.   You are taking care of long-term housing needs with a long-term solution.  Your monthly costs may be higher than if you were to rent, but your payments will build equity over time.  If you purchase permanent insurance, your premiums will pay a death benefit and may also build cash value that can be accessed in the future.

Life Insurance | Fast & Easy Quote | Trusted for 30 Years

Life Insurance Quote from Fearnow Insurance. Quality Life protection that saves you money. 30 Years of serving Tampa, Brandon, Seffner area

Service Type: Life Insurance

Price: $$

Currency: USD