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Davis Insurance Group is a trade name used by two different agencies. P&C Products offered through Davis Insurance P&C LLC. Life, Health, Long term Care and Medicare supplement products offered through S.J. Davis
& Associates. We are licensed to sell insurance in North Carolina and South Carolina.
Do not cancel any insurance product until you have a replacement policy in place and paid for.
Call us today for your free insurance quote (910) 392-5173
5041 New Center Dr. Suite 207 - Wilmington, NC 28403
Copyright - 2006 Samuel J Davis
Life Insurance
Life insurance has many uses for both individuals and businesses.
Some common uses include: Individual Uses
  • Funeral - Life insurance proceeds can ensure that there is enough
    money for proper funeral and burial expenses.
  • Debt - Personal bills, credit card debt, student loans, and personal notes
    can be covered by life insurance in the event of an individual's death.
  • Mortgage Protection - The proceeds of a life insurance policy can pay
    off the balance of a mortgage or provide an income stream to pay
    monthly mortgage or rent payments.
  • Income Replacement - In the event of an individual's death, life
    insurance proceeds can provide a supplemental income stream to
    ensure that the surviving family members are able to maintain the same
    standard of living.
  • Education - Life insurance proceeds can ensure that the education
    costs of the insureds children are covered.
  • Taxes - Federal estate and state inheritance taxes can be pre-funded
    using life insurance to preserve the value of an estate.
  • Donations/Gifts - An individual can use a life insurance policy to fund a
    donation to a charity or leave a gift to a family member.
Business Uses:
  • Key-Person - A life insurance policy can be used to protect a business
    from the loss of income and profits caused by the death of a key
    employee.
  • Business Continuation - Life insurance can be used to fund a buy/sell
    agreement or stock redemption plan to determine enable a partner or
    group of employees to buy the business interest of a deceased partner.
  • Business Loans - Life insurance protection on a key employee or
    business owner can be used to pay off the debts of a business in the
    event of that individual's death.
  • Employee Benefits - Life insurance protection for employees is
    commonly included in company employee benefits plans.
Types of Life Insurance:
  • Term Life Insurance - No Cash Values - Just pure life insurance
  • Universal or whole Life - Builds cash value and helps level premiums
    for the life of the insured.
Life Insurance
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S J Davis & Associates
Helping protect you from life's unexpected events.
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