COVERAGE IN THE VOLUNTEER STATE

Tennessee Life Insurance
Coverage

Tennessee's 7 million residents benefit from no state income tax, a growing population, affordable housing, and a booming Nashville metro driving new homeownership across the state.

No State Income Tax Growing Population 25+ Carriers Available
$7,400
Average Funeral Cost
$310K
Median Home Price
15%
Residents Uninsured
25+
Carriers Available

COVERAGE IN THE VOLUNTEER STATE

Life Insurance in Tennessee

Tennessee is home to nearly 7 million residents and has become one of the fastest-growing states in the Southeast. Cities like Nashville and Memphis continue to attract new residents and businesses, fueling homeownership growth and expanding the need for reliable life insurance protection across the state.

The average funeral and burial cost in Tennessee is approximately $7,400. Without proper coverage, these costs fall directly on surviving family members. Final expense insurance provides a straightforward, affordable way to ensure your loved ones are never left carrying that burden alone.

Tennessee has no state income tax, which makes Indexed Universal Life (IUL) policies a particularly attractive option for residents looking to build tax-advantaged wealth while maintaining life insurance protection. With affordable housing and growing homeownership, mortgage protection coverage is equally important for Tennessee families. Asurgo shops 25+ carriers to find the right fit for your budget and goals.

COST COMPARISON

How Tennessee Compares to National Averages

Average Funeral Cost
National
$8,300
Tennessee
$7,400
Median Home Price
National
$420,000
Tennessee
$310,000
Avg. Monthly Life Insurance Premium
National
$50
Tennessee
$44

OUR CARRIER PARTNERS

Top Carriers in Tennessee

Asurgo works with 25+ top-rated insurance carriers to find you the best coverage at the lowest rate. Here are some of the carriers available to Tennessee residents.

Transamerica Mutual of Omaha AIG Aetna Americo Foresters Financial F&G National Life Group Royal Neighbors Gerber Life Lafayette Life Aflac

Carrier availability varies by individual health factors and coverage type.

FREQUENTLY ASKED QUESTIONS

Tennessee Life Insurance FAQ

How much does final expense insurance cost in Tennessee?
Most Tennessee residents pay between $25 and $65 per month for final expense insurance, depending on age, health, and coverage amount. Policies typically range from $5,000 to $50,000. Asurgo shops 25+ carriers to find the lowest rate for your situation.
Do I need a medical exam for life insurance in Tennessee?
Not always. Many final expense and mortgage protection plans require no medical exam. You answer a few health questions, and coverage can be approved the same day. Larger policies may require underwriting.
What is the average funeral cost in Tennessee?
The average funeral and burial cost in Tennessee is approximately $7,400, which includes the service, casket, burial plot, and headstone. Costs can vary depending on the city and type of service chosen.
Does Asurgo offer mortgage protection in Tennessee?
Yes. Asurgo offers mortgage protection insurance in Tennessee through multiple carriers. Coverage is designed to pay off or reduce your mortgage balance if you pass away, become disabled, or are diagnosed with a critical illness. With the Nashville metro driving strong homeownership growth, this coverage is especially relevant for Tennessee families.
Can I use IUL for tax-free retirement income in Tennessee?
Yes. Indexed Universal Life policies allow you to build cash value that grows tax-deferred and can be accessed tax-free through policy loans. Combined with the fact that Tennessee has no state income tax, IUL is a particularly powerful tool for building tax-efficient retirement income.

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