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Best Life Insurance Companies in Knoxville

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Allen Insurance Inc logo
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License Verified:

License: 2440229

Tennessee Department of Commerce & Insurance

Allen Insurance Inc

7042 Seaver Drive Northwest, Knoxville, TN 37909
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  • Life Insurance

Business Description

Allen Insurance Inc. is an independent agency that has been serving Knoxville since 2011 with individualized plans tailored to the client's insurance needs. It was started by Josh Allen, an agent who has over 15 years of industry experience. Along with fellow insurance professionals, they assist individuals in obtaining life insurance coverage. They also have access to various insurance products, such as auto, home, and business insurance. Additionally, the company analyzes the needs of clients and provide and advise the coverage that fits them.

License Verified:

License: 2440229

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (30)
Facebook
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
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Detail
Beacon Insurance Advisers logo
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License Verified:

License: 2371923

Tennessee Department of Commerce & Insurance

Beacon Insurance Advisers

150 Fox Road, Knoxville, TN 37922
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  • Life Insurance

Business Description

Beacon Insurance Advisers is an independent agency that provides personal and commercial insurance solutions to Knoxville and other communities in Tenessee. As a local company, it understands and addresses the unique needs of the area. It offers protection and investment policies which include term, whole, and universal life insurance. It also handles coverage for properties such as homes, condos, and short term vacation rentals. For businesses, it provides commercial auto, property, and general liability insurance.

License Verified:

License: 2371923

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.0 / 5 (73)
Facebook
5.0 / 5 (14)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Bradley Insurance Agency logo
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License Verified:

License: 2254578

Tennessee Department of Commerce & Insurance

Bradley Insurance Agency

5210 Schubert Road, Knoxville, TN 37912
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  • Life Insurance
  • Health Insurance

Business Description

Bradley Insurance Agency provides its services to families and individuals in Knoxville. It assists clients in obtaining life insurance plans that may include individual, group, long-term care, and disability coverage. Additionally, the company offers mortgage protection, second-to-die policies, and key-person insurance. Its team of insurance specialists has more than 150 years of combined experience in the industry. They work with 25 insurance carriers, such as Nationwide, Encova Insurance, and Liberty Mutual. Bradley Insurance Agency is a locally owned and operated business founded in 1972.

License Verified:

License: 2254578

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.0 / 5 (32)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Broadway Insurance logo
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License Verified:

License: 688835

Tennessee Department of Commerce & Insurance

Broadway Insurance

102 East Adair Drive, Knoxville, TN 37918
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  • Individual Plans
  • Life Insurance

Business Description

Since 1978, Broadway Insurance Agency has been offering personal and commercial insurance plans in Knoxville. It provides life insurance coverage options to individuals and businesses from different companies they represent. The agency also provides general liability insurance, vacation home rental insurance, property insurance, flood & earthquake insurance, and workers' compensation. Some of the companies they represent are Safeco Insurance, Zurich Insurance Services, Grange Insurance, and the American Modern Insurance Group. Broadway Insurance also has a license in Tennessee.

License Verified:

License: 688835

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.0 / 5 (43)
Facebook
5.0 / 5 (27)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Detail
Cindy Doyle logo
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License Verified:

License: 913546

Tennessee Department of Commerce & Insurance

Cindy Doyle

248 North Peters Road, Knoxville, TN 37923
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  • Life Insurance
  • Health Insurance

Business Description

Cindy Doyle is a State Farm insurance agency owner who is based in Knoxville. She offers life, health, pet, and property insurances. She also works on business insurance, banking, mutual funds, and annuities. Cindy has been operating her agency for over 15 years, with a team that has over 100 years of combined experience in the insurance industry. She is available during evenings and Saturdays on an appointment basis. She also attends to client concerns 24/7 through phone or online.

License Verified:

License: 913546

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (78)
Facebook
4.0 / 5 (31)
Yelp
3.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
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Helpfulness
Detail
––
Eric Hazuda logo
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License Verified:

License: 2395224

Tennessee Department of Commerce & Insurance

Eric Hazuda

153 Warren Street, Madisonville, TN 37354
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  • Life Insurance
  • Health Insurance
  • Whole Life Insurance
  • Term Life Insurance

Business Description

Eric Hazuda is a risk management specialist who is affiliated with State Farm. His product line includes term life insurance, a convertible or renewable policy that provides death benefits and protection for a specific period of time. He also furnishes permanent life insurance plans that protect policyholders for a lifetime. In addition, Hazuda handles out-of-state transfers. He has been a State Farm agent for nearly three years, and he is a board member of the Monroe County Friends of Animals.

License Verified:

License: 2395224

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (19)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Financial Services, Inc. logo
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License Verified:

License: 4483

Tennessee Department of Commerce & Insurance

Financial Services, Inc.

243 North Peters Road, Knoxville, TN 37923
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  • Life Insurance

Business Description

Financial Services, Inc., is a family-owned enterprise located in Knoxville. It offers a range of policies such as the final expense individual whole life insurance for clients aged 45 through 89. The said option has available riders like accidental death benefit and children’s term insurance. In addition, the company also provides supplemental health coverage for cancer, heart attack, or stroke. Financial Services was founded in 1995. Its president, P. Danny Haire, has more than four decades’ worth of industry experience.

License Verified:

License: 4483

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.0 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Graham & Cook Insurance logo
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License Verified:

License: 727328

Tennessee Department of Commerce & Insurance

Graham & Cook Insurance

11911 Kingston Pike, Farragut, TN 37934
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  • Life Insurance

Business Description

Graham and Cook Insurance serves the insurance needs of individuals, families, and businesses in Knoxville and its surrounding areas. It analyzes the unique situation of its clients and helps them choose the best service, value, and coverage to suit their needs. It offers a wide array of personal lines insurance from various insurance companies. Its products include life, home, and auto insurance as well as umbrella and excess liability. Graham and Cook Insurance also offers online client services.

License Verified:

License: 727328

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.5 / 5 (18)
Facebook
5.0 / 5 (9)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
ISG Insurance LLC logo
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License Verified:

License: 2376240

Tennessee Department of Commerce & Insurance

ISG Insurance LLC

5418 Clinton Highway, Knoxville, TN 37912
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  • Life Insurance
  • Health Insurance

Business Description

ISG Insurance LLC is a provider of individual life insurance plans to the community of Knoxville and the surrounding areas. It offers a variety of life insurance options, including universal, whole, and term life insurance. It also provides a wide range of other personal and business insurance solutions, including umbrella, high net worth, auto, home, workers' compensation, and general liability insurance. This independent insurance agency represents 15 different carriers and has been in the business since 2002.

License Verified:

License: 2376240

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.0 / 5 (36)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
John Bailey Insurance logo
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License Verified:

License: 2796

Tennessee Department of Commerce & Insurance

John Bailey Insurance

1011 North Broadway, Knoxville, TN 37917
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  • Life Insurance
  • Health Insurance

Business Description

John Bailey Company is a multi-line insurance company that protects the interests of clients in Knoxville and nearby areas. The independent insurance agency helps individuals and families in selecting the right life insurance policy in the market. Its insurance agents compare life insurance options among multiple providers, such as term life, whole life, and universal life insurance. The team also offers annuities and long-term care insurance. The company has been protecting private individuals and group clients since 1946.

License Verified:

License: 2796

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.0 / 5 (16)
Facebook
5.0 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Josh Igou logo
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License Verified:

License: 771571

Tennessee Department of Commerce & Insurance

Josh Igou

620 North Kentucky Street, Kingston, TN 37763
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  • Life Insurance
  • Health Insurance

Business Description

Josh Igou is a Kingston-based State Farm agent who is licensed in Knoxville and the rest of the state. Included in his line of products is life insurance, which covers both individual and group policies, catering to small businesses that want to protect their key employees. In addition, he furnishes disability, home, and renters' insurance. Igou has been working in the insurance industry since 1996, and he joined State Farm in 2000. He is also licensed in Kentucky and Georgia.

License Verified:

License: 771571

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Facebook
5.0 / 5 (20)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Knoxville Insurance Services logo
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License Verified:

License: 2277562

Tennessee Department of Commerce & Insurance

Knoxville Insurance Services

2902 Tazewell Pike, Knoxville, TN 37918
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  • Life Insurance

Business Description

Operating since 1985, Knoxville Insurance Services has worked with over 3,000 businesses, families, and individuals. The family-owned independent insurance agency offers clients an array of insurance products, ranging from term life and homeowners' insurance to commercial insurance and personal vehicle insurance. The agency and its team of insurance professionals can also assist clients in changing their existing policies through in-office consultations or online forms that are available on the agency's website.

License Verified:

License: 2277562

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (9)
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Madison Insurance Group logo
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License Verified:

License: 2139968

Tennessee Department of Commerce & Insurance

Madison Insurance Group

800 Oak Ridge Turnpike, Oak Ridge, TN 37830
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  • Life Insurance
  • Health Insurance

Business Description

Madison Insurance Group is a full-service multi-line agency that offers risk management assistance in Knoxville. Its team of independent agents furnish different policy types, including life insurance which comes in three kinds: variable life, whole life, universal life, and term life. They have access to protection plans from multiple carriers such as Progressive, Auto-Owners, and Safeco, enabling them to find coverages suitable for clients' specific needs. Madison Insurance Group has been providing risk management assistance for over 40 years.

License Verified:

License: 2139968

Tennessee Department of Commerce & Insurance

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Meridian Insurance logo
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License Verified:

License: 79266781

Tennessee Department of Commerce & Insurance

Meridian Insurance

6025 Brookvale Lane, Knoxville, TN 37919
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  • Life Insurance
  • Health Insurance
  • Whole Life Insurance
  • Term Life Insurance

Business Description

Meridian Insurance is a full-service independent insurance agency that has been serving the residents of Knoxville and the surrounding areas for more than a decade. It offers term life, whole life, and permanent life insurance. Its life insurance policies cover car loans, mortgages, funeral expenses, and end-of-life expenses. Clients' life insurance policies can be reviewed after life changes such as marriage or new employment. Branch manager Jared Davidson has been working in the insurance industry for more than 8 years.

License Verified:

License: 79266781

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (79)
Google
4.0 / 5 (59)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Newton Jones Agency logo
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License Verified:

License: 2002539

Tennessee Department of Commerce & Insurance

Newton Jones Agency

6712 Kingston Pike, Knoxville, TN 37919
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  • Life Insurance

Business Description

Knoxville-based Newton Jones Agency has been helping families, individuals, and businesses with their insurance needs since 1966. Its life insurance options ensure financial security in the event of a death in a family. It also provides insurance options for vehicles, homes, long-term care, and disability. Additionally, the agency offers insurance options that cover damages brought by disasters like fires, floods, and earthquakes. Newton Jones Agency works closely with multiple carriers, including Allianz, Banner Life, MetLife, and Prudential, to provide various options to its clients.

License Verified:

License: 2002539

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (6)
Google
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
RightWay Insurance logo
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License Verified:

License: 3001387397

Tennessee Department of Commerce & Insurance

RightWay Insurance

111 Center Park Drive, Knoxville, TN 37922
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  • Life Insurance
  • Individual Plans

Business Description

RightWay Insurance is an independent agency serving the Knoxville metro and nearby communities, including Chattanooga and Memphis. It is a life insurance provider that offers term and whole-life coverage. These life insurance policies can cover the policyholders' final expenses and federal death and estate taxes. Furthermore, the company helps clients obtain other personal plans, such as homeowners', umbrella, flood, earthquake, and auto insurance. Owner Ryan McGrew previously worked as an insurance agent for one of the largest carriers in Tennessee.

License Verified:

License: 3001387397

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (113)
Facebook
5.0 / 5 (10)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
SouthPoint Risk logo
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License Verified:

License: 2236381

SouthPoint Risk

903 West Broadway Avenue, Maryville, TN 37801
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  • Life Insurance

Business Description

Serving Knoxville, SouthPoint Risk is a full-service independent agency providing insurance services to clients in the metro. It offers life insurance products like term, permanent, whole, and universal life insurance programs. This life insurance provides financial security and assists in paying for burial and estate taxes. The agency also provides a range of business insurance solutions such as commercial umbrella, general liability, cyber and data breach, commercial property, and auto insurance policies. SouthPoint Risk has been providing insurance services for over 100 years.

License Verified:

License: 2236381

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Google
4.0 / 5 (10)
Facebook
4.0 / 5 (9)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Tate Insurance Group logo
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License Verified:

License: 2236360

Tennessee Department of Commerce & Insurance

Tate Insurance Group

6423 Deane Hill Drive, Knoxville, TN 37919
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  • Life Insurance

Business Description

Tate Insurance Group is an independent insurance agency that has been serving the residents of Knoxville and surrounding areas for more than a decade. It offers term life insurance, whole life insurance, and permanent life insurance. The agency also provides group benefit plans, health insurance, dental insurance, and vision insurance. Owner and president Scott Tate is a member of the Knoxville Chamber of Commerce, Safeco Insurance Southeast Advisory Council, and Liberty Mutual Insurance Southeast Region President’s Advisory Council.

License Verified:

License: 2236360

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.0 / 5 (27)
Facebook
5.0 / 5 (11)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
TIS logo
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License Verified:

License: 253

Tennessee Department of Commerce & Insurance

TIS

1900 North Winston Road, Knoxville, TN 37919
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  • Life Insurance

Business Description

TIS Insurance Services, Inc., is a life insurance company that services clients from Knoxville. It has been serving clients since 1945. The agency provides term, whole, and universal life insurance to ensure financial stability for clients and their loved ones in case of an unexpected event. Insurance for residential homes, businesses, vehicles, and watercraft are also available. As part of its community involvement, the company has been helping various organizations like the East Tennessee Children's Hospital and the Knoxville Center of the Deaf.

License Verified:

License: 253

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (23)
Facebook
4.0 / 5 (22)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Wyatt Insurance Services Inc. logo
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License Verified:

License: 3318

Tennessee Department of Commerce & Insurance

Wyatt Insurance Services Inc.

312 Prosperity Drive, Knoxville, TN 37923
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  • Life Insurance
  • Health Insurance
  • Group Plans

Business Description

Wyatt Insurance Services Inc. serves the life insurance needs of the Knoxville community. Established in 1995 by Ashley Wyatt, the agency initially began operating in the third bedroom of the founder's home, and it has grown since. It provides clients with insurance options depending on their needs. Wyatt Insurance Services' agents educate clients on the currently available policies on the market and help them understand their chosen policy. Other services include home and auto insurance.

License Verified:

License: 3318

Tennessee Department of Commerce & Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.0 / 5 (23)
Facebook
5.0 / 5 (10)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Back to Providers

Frequently Asked Questions

Which is better, term or whole life insurance?

Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

How much life insurance do I need?

A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

How does life insurance work?

The details of how life insurance works depend on your individual plan, but the basics are as follows: 

  • You pay a premium to purchase the insurance. Typically the premium is paid monthly, but it could be rolled into quarterly, bi-annual, or annual payments. 
  • As long as you are meeting or have met premium obligations, if you pass away, the insurance company makes the agreed-upon payment to the beneficiaries you designated. 
  • Beneficiaries usually have to provide the insurance company with a death certificate to receive their payments.

How much is life insurance?

The cost of life insurance ranges widely. Term life insurance can cost as little as a few dollars a day, and whole life insurance can cost thousands per month on the high end. Factors that impact the cost of your life insurance include whether you're choosing term life insurance or whole life insurance, your age, how much coverage you want, your overall health, and your gender.

Is life insurance taxable?

Life insurance proceeds are the funds paid via your plan to your beneficiaries if you pass away. These are also called death benefits. Typically, these are not considered income for taxes. If you take out cash value from a whole life insurance investment and the amount exceeds how much you paid in premiums, the difference may be considered taxable income.


Can I buy health insurance that is not Obamacare?

When people say "Obamacare insurance," they typically mean insurance within the health insurance marketplace. You can get health insurance outside of the marketplace by going through your employer, choosing COBRA coverage if you leave your job, or buying a short-term health insurance policy through an insurance agent. ACA-compliant plans meet all the benefits and coverage requirements of the Affordable Care Act. But you may be able to find supplemental or short-term coverage that simply provides peace of mind for major medical expenses.

Can I buy health insurance anytime?

To buy health insurance in the marketplace, you must purchase it within open or special enrollment periods. But you can purchase short-term coverage to bridge the gap between now and the next open enrollment period. These plans are meant to be used for less than a year. You can purchase them online or via insurance agents, but they may not be ACA-compliant.

Who should buy supplemental health insurance?

Supplemental health insurance is a product that helps cover the cost of services that your primary health insurance policy doesn't. One popular option is secondary insurance that helps cover some of the costs associated with high deductibles. Medicare supplemental insurance is also popular. Medicare doesn't cover everything, and older adults on a limited income can face large prescription or medical bills after Medicare pays. Supplemental insurance helps reduce those patient costs.

Read all FAQs