• Life insurance protection at affordable rates

Term Life Insurance Options

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

Insurance Products

  • Not A Deposit
  • Not Guaranteed By The Bank Or Its Affiliates  
  • Not FDIC Insured  
  • Not Insured By Any Federal Government Agency  
  • May Go Down In Value  
  • May Be Purchased From Any Agent or Company and the Customer Choice
    Will Not Affect Current or Future Credit Decisions
     

Additional Disclaimers and Licensing Disclosures

Additional Information about Insurance Privacy Policies and Practices for Certain States

  • INSURING PRODUCTS

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Insurance Products, Investments & Annuities: Not A Deposit | Not Guaranteed By The Bank Or Its Affiliates | Not FDIC Insured | Not Insured By Any Federal Government Agency | May Go Down In Value
Insurance Products and Annuities:  May be purchased from any agent or company, and the customer’s choice will not affect current or future credit decisions.
 

FTB Advisors is the trade name for wealth management products and services provided by First Tennessee Bank National Association (FTB) and its affiliates.  Financial planning and trust services provided by FTB. Investment management services, investments and annuities provided by FTB Advisors, Inc. member FINRA, SIPC and a subsidiary of FTB.  Insurance products provided by FTB Advisors Insurance Services, Inc. (FTBIS). In some states, insurance products and annuities are provided by First Horizon Insurance Services, Inc. (FHIS), a Tennessee corporation and a subsidiary of FTB, CA License #OD12174. The principal place of business of FHIS is 165 Madison Ave., Memphis,TN. 38103. 

FTB Advisors, Inc., FTBIS and FHIS may offer annuities or transact insurance business only in states where they are licensed or where they are exempted from state insurance licensing requirements.  FTB Advisors does not offer tax or legal advice.  You should consult your personal tax and/or legal advisor concerning your individual situation.

©2013 First Tennessee Bank National Association. www.firsttennessee.com