THE RANKIN INSURANCE GROUP offers a variety of Life Insurance Products to meet the needs of individuals, families, and business owners just like you! Our permanent insurance products include whole life and universal life, but we also have a variety of term insurance products including 10, 20, 30 year term policies as well as mortgage life insurance. THE RANKIN INSURANCE GROUP also offers Traditional IRAs, Roth IRAs, and various annuity products to help you, your family or your employees prepare for retirement.
Many people are uncomfortable discussing life insurance, but we believe it is a major component of one's insurance program. Being a responsible parent, spouse, sibling, employer or even business partner requires the purchase of life insurance. Life insurance allows survivors to continue on with the same if not a better lifestyle once a loved one has passed. Life insurance is also a way to pass wealth on to future generations. One thing is for sure, when a person passes on-life insurance helps to make this emotional and difficult situation much easier by providing financial means to handle business at hand.
How much Life Insurance is enough? Experts recommend at least 5-7 times your annual salary however, you should purchase as much as you are able to afford while you are young and healthy. If you have life insurance at work, you have to find out if you are able to continue coverage, should you leave your employer.
As your life changes so will your life insurance needs, and we will be there to guide you along the way.