Life Insurance
Life Insurance is LOVE INSURANCE
Choosing the right life insurance isn’t just about numbers—it’s about knowing your family will be protected no matter what. At Patriot Insurance Solutions, we provide tailored life insurance coverage to help Chattanooga families plan for tomorrow, today. As an independent insurance agency, we partner with top-rated carriers to find competitive options that match your needs, your lifestyle, and your future goals. Whether you’re just starting a family in Red Bank, building your business in Dalton, or planning retirement in Cleveland, we’re here to help you feel confident in what’s ahead.
Types of Life Insurance We Offer
Term Life Insurance
Term life insurance provides affordable coverage for a fixed period—typically 10, 20, or 30 years. It’s ideal for Chattanooga families looking to cover major financial responsibilities, like a mortgage or college tuition, during their working years. Because term policies offer high coverage amounts at a lower cost, they’re a popular choice for young parents, new homeowners, and anyone wanting a safety net while building financial stability. If you live in areas like Hixson or Ooltewah and want budget-friendly peace of mind, term life may be the right fit.
Whole Life Insurance
Whole life insurance offers lifetime protection with the added benefit of building cash value over time. Your premiums stay the same, and the policy accumulates a savings component you can borrow against. Many of our clients use whole life to leave a guaranteed inheritance, support loved ones with special needs, or build a tax-advantaged financial asset. Whether you’re planning for retirement or ensuring long-term support for your family, whole life can be part of a lasting legacy.
Liability for Boats, Rentals, or Recreational Vehicles
If you own a boat on Chickamauga Lake or rent out a second property in Ooltewah, your umbrella policy can often be extended to provide extra protection—as long as those assets are covered by a base policy. This makes umbrella coverage especially useful for families with multiple homes, vehicles, or hobbies that carry risk.
Universal Life Insurance
Universal life insurance is a flexible policy that allows you to adjust your premiums and coverage as your needs change. It combines permanent life insurance protection with a cash value component and can be a great fit for clients who want long-term coverage but also want the ability to adapt. We help clients in Tennessee, Georgia, and Alabama find universal life policies that fit changing financial circumstances, business growth, or estate planning needs.
Final Expense Insurance
Umbrella insurance does not pay for your own injuries, property damage, or any intentional harm you cause. It won’t cover a house fire at your own home or injuries you sustain in your own car accident—that’s what homeowners and auto policies are for. Umbrella is for liability only, meaning it steps in to protect you from large claims made against you.
Choosing the Right Policy for You
Every family has a different story. That’s why our life insurance recommendations are never one-size-fits-all. We work with clients of all ages and life stages—from new parents in East Brainerd to retirees in Lookout Valley—to identify the right coverage amount, term length, or permanent policy to meet their goals. Need to cover a 30-year mortgage? Want to leave behind a tax-free inheritance? We’ll guide you through it and help you compare options across multiple carriers so you can make a confident, informed decision.
Life Insurance FAQs
Can I have more than one life insurance policy?
Yes! Many people carry multiple life insurance policies to meet different needs—such as a term policy for mortgage protection and a final expense policy for funeral costs. You can also supplement employer-provided life insurance with an individual policy that stays with you, no matter where you work.
Do I need life insurance if I already have it through my job?
Employer life insurance is a helpful benefit—but it usually only offers 1–2x your salary and ends if you leave your job. An individual policy provides consistent protection and typically allows you to choose a higher, more adequate coverage amount tailored to your family’s needs.
What’s the right amount of life insurance for me?
That depends on your income, debts, family size, and long-term goals. A general rule of thumb is 5–10x your annual income, but we’ll help you calculate a number that reflects your actual needs—like paying off your mortgage, funding college, or replacing your income for your loved ones.
How quickly does life insurance pay out to my family?
Most life insurance policies pay out within a few weeks of a claim being filed with proper documentation. It provides tax-free funds that your family can use to cover bills, make funeral arrangements, or maintain their lifestyle during a difficult transition.
Do I need a medical exam to qualify?
Some life insurance policies require a brief medical exam, especially for larger coverage amounts. But there are also no-exam options available—particularly for term life and final expense insurance. We’ll help you explore what’s available based on your goals, age, and health.