Life Insurance for First Horizon Employees
First Horizon Corporation is a financial services company headquartered in Memphis, Tennessee, operating First Horizon Bank, one of the largest regional banks in the Southeast. The company provides commercial and retail banking, wealth management, capital markets, and specialty lending services through approximately 450 banking locations across Tennessee, the Southeast, and select national markets. First Horizon has deep Tennessee roots dating back to 1864 and is one of the oldest banking organizations in the state. The company employs over 7,000 associates across its operations, with significant concentrations in Memphis (corporate headquarters), Nashville, Knoxville, and Chattanooga. First Horizon's statewide presence makes it one of the most recognizable financial brands in Tennessee.
7,000+ employees · Memphis, Tennessee
Typical Group Benefits
First Horizon typically provides competitive group life insurance at 1-2x base annual salary for eligible associates, with supplemental options reflecting financial services industry standards. The company generally offers comprehensive benefits designed to attract banking and financial services talent across Tennessee, including basic group life, AD&D, and voluntary supplemental coverage for employees and dependents.
Common Coverage Gaps
- Banking compensation including incentive pay, bonuses, and commissions for wealth management and capital markets professionals may exceed base salary group coverage significantly
- Financial services industry mobility, including between banks, wealth management firms, and insurance companies, means coverage portability is an important consideration
- Group coverage is tied to First Horizon employment and ends upon separation, regardless of tenure or career level
- Memphis-area housing and financial obligations may require coverage above group limits for headquarters employees, while branch employees across Tennessee face diverse regional costs
- Group plans lack the estate planning features valued by financial professionals who understand the sophisticated uses of permanent life insurance
This site is not affiliated with First Horizon Corporation. Information about employer benefits is general and may not reflect current offerings.
Why First Horizon Employees Need Supplemental Coverage
First Horizon associates understand the importance of comprehensive financial planning as banking and financial services professionals. Individual coverage provides the estate planning features, portability across the financial services industry, and coverage flexibility that banking professionals value. For associates in Memphis, Nashville, Knoxville, and Chattanooga, individual coverage reflects the specific cost of living in each market. Permanent coverage options offer the tax-advantaged cash value accumulation and wealth transfer features that financial professionals recognize as valuable components of sophisticated financial plans.
Supplemental Coverage Options for First Horizon Employees
Explore how each coverage type can supplement your First Horizon group benefits.
Term Life
Affordable protection for life's most important years
Whole Life
Lifetime protection with guaranteed cash value accumulation
Universal Life
Flexible permanent coverage that adapts to your life
IUL
Market-linked growth potential with downside protection
Final Expense
Affordable coverage for life's final chapter
Life Insurance in Memphis, Tennessee
First Horizon is headquartered in the Memphis area. Learn about life insurance options specific to Memphis residents.
Memphis Coverage GuideFirst Horizon Employee Insurance FAQ
While First Horizon offers competitive benefits, banking professionals with incentive and bonus compensation may need coverage beyond group limits. Total compensation for wealth management advisors, capital markets professionals, and commercial lenders often significantly exceeds base salary. A licensed agent in our network can help evaluate your total coverage needs based on your full compensation package.
Financial professionals often appreciate permanent coverage such as whole life, universal life, or IUL for its cash value accumulation, estate planning, and tax-advantaged features. These products provide a conservative, guaranteed-value asset class that complements investment portfolios and retirement plans. Guarantees are backed by the financial strength and claims-paying ability of the issuing carrier. A licensed agent in our network can explain the options.
Banking mergers, acquisitions, and competitive dynamics can change benefits with limited advance notice. The attempted TD Bank-First Horizon merger demonstrated how corporate transactions can create uncertainty. Individual coverage provides contractual guarantees independent of any corporate transactions, ensuring stable protection through any industry changes. Many banking professionals maintain personal coverage for this reason.
First Horizon branch employees across Tennessee face different cost-of-living situations, from Memphis to Nashville to Knoxville and Chattanooga. Coverage should reflect your specific location's housing costs, family financial obligations, and income replacement needs. A licensed agent in our network can help calculate coverage that is tailored to your specific market and financial situation.
Wealth management advisors often have compensation heavily weighted toward incentive pay and commissions. Group coverage based on base salary alone may dramatically understate income replacement needs. Individual coverage should reflect total earnings including all variable compensation components. A licensed agent in our network can help you size coverage to your actual production-based income.
Yes. Tennessee's banking market includes multiple regional and national banks competing for talent. Individual coverage provides continuous protection through career moves between First Horizon, Pinnacle Financial, Regions, and other institutions. Group coverage ends with each employer transition, making portability essential in the competitive banking employment market.
Similar Tennessee Employers
Regions Financial
Nashville · 20,000+ employees
Regions Financial provides competitive group life insurance for eligible associates, typically at 1-2x base annual salary with supplemental options reflecting major regional bank benefit standards. The company generally offers comprehensive benefits including basic group life, AD&D, and voluntary supplemental coverage designed to attract and retain banking talent across its multi-state footprint.
BCBS Tennessee
Chattanooga · 6,500+ employees
BCBST typically provides competitive group life insurance at 1-2x base annual salary for eligible employees, with supplemental options reflecting insurance industry standards. As a major health insurance company, BCBST's benefits program is generally comprehensive and competitive, designed to attract and retain talent in the insurance and healthcare industries. The benefits package typically includes group life, AD&D, and voluntary supplemental coverage options.
AutoZone
Memphis · 100,000+ employees
AutoZone typically provides group life insurance for eligible employees, with coverage varying by employment classification (corporate, distribution, store management). Corporate headquarters employees in Memphis generally receive competitive benefits, while store-level employees may have different benefit structures. The company generally offers basic group life coverage with options for voluntary supplemental protection during enrollment periods.
Supplement Your First Horizon Group Coverage
Connect with a licensed Tennessee agent in our network who can help you evaluate your group benefits and find supplemental coverage that fills the gap. Free quotes, no obligation. Quotes are estimates subject to underwriting.
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