Georgia Life Insurance

Understanding Georgia Life Insurance

As one of the original thirteen colonies, Georgia is a state rich in traditions and American history. Home to approximately 10 million people, this beautiful state has a lot to offer, and many people choose to settle here and raise families. One of the best ways to protect your family’s financial future is with a Georgia life insurance policy.

If you are considering life insurance for the first time, you probably have a lot of questions. An independent agent in the Trusted Choice® network can be of assistance. Your agent can help you review options from several different insurance companies so that you can be sure you are getting the most competitive rate. Contact a member agent in your neighborhood to begin comparing Georgia life insurance quotes.

  • All Georgia residents: 77.09 years
  • All U.S. residents: 78.61 years
  • Georgia males: 74.26 years
  • U.S. males: 75.96 years
  • Georgia females: 79.77 years
  • U.S. females: 81.17 years

Many Georgia residents do not have life insurance. Some opt not to purchase a policy because they get group life insurance benefits through their employer. Unfortunately, these policies typically cease to exist if you leave your job or are laid off. Make sure you’re prepared for the worst-case scenario, no matter your work status, with a life insurance policy that meets your needs.

Why Purchase Life Insurance?

If something tragic this should happen to you, a Georgia life insurance policy can ensure that your family does not suffer financially when you are no longer around to provide for them, and can also pay off any outstanding debt you may carry, such as a mortgage, student loan, or credit card debt.

Georgia, Top Causes of Premature Death by Age Range, 2009

  • Ages 15 to 24: Traffic accidents, 233 deaths ; Homicides, 172 deaths
  • Ages 25 to 34: Traffic accidents, 193 deaths; Blood poisonings, 174 deaths
  • Ages 35 to 44: Blood poisonings, 236 deaths; Suicide, 199 deaths
  • Ages 55 to 64: Coronary heart disease, 1260 deaths; Lung cancer, 1,043 deaths
  • Ages 65 to 74: Lung cancer, 1,460 deaths; Coronary heart disease, 1,433 deaths

You may feel that you are too young and healthy to think about a life insurance policy right now. However, the younger you are when you purchase a policy, the less your premiums will be. If you have just purchased a house or started a family, life insurance is more important than ever. Having a policy in place can allow your spouse to stay in your home and your children to have access to an education if you should suffer an early demise.

It is not advisable to put off the purchase of a life insurance until you have been diagnosed with a life-threatening disease or illness. If you do, you may find it difficult to find an insurance company that will sell you a policy at a rate you can afford.

Types of Georgia Life Insurance Policies

There are different types of life insurance policies available to you, and some financial experts have strong feelings about which type is the best to buy. The Georgia Insurance Department reviews the highlights of each type of life insurance, but does not favor any particular product. The state consumer guides simply suggest that consumers should meet with an insurance or financial professional to determine which policy is best for them.

The policy that is best for you depends on your current financial situation, your life circumstances and your personal preference. Speaking with a Trusted Choice member agent can help you make an informed decision. There are different variations of policies, but the main types are:

Term Life: This temporary policy covers an insured person for a specified length of time (term). The terms are typically 5 to 30 years. If you should pass away during the course of term, your beneficiaries will receive death benefits. Once the term expires, the policy is no longer in effect.

Whole Life: This is a permanent life insurance policy and will stay in force for as long as you continue to pay on your premiums. These policies can serve as investment vehicles and have a cash value that can be redeemed at any time. If needs dictate, you can close your policy and collect its built-up value.

Universal Life: Similar to whole life, this permanent life insurance option also has a cash value. These policies are typically more flexible that the traditional whole life policy and allow you to use built-up cash value to make payments on your premiums.

How Much Does Life Insurance Cost?

The cost of a policy varies greatly from one person to the next. A term policy for a young couple may only be a few dollars a month. Small face-value whole life policies may not be that expensive either. Some large permanent life insurance policies, with a savings or investment aspect will cost much more.

People in different ZIP codes may pay different rates. Rates for residents of Savannah, for example, may be different than rates for residents of Augusta. Sometimes credit scores or an applicant’s past history may also be factored in to the rate the insurance companies charge for coverage.

In general, the price of your policy will depend on the following unique factors:

  • Your age and general health history
  • The type and amount of life insurance coverage you need
  • The life insurance company you choose
  • Where you live

Compare Georgia Life Insurance Quotes

Shopping for the right life insurance can be a daunting task. The hardest part for many is deciding on a policy type and coverage amount. Let a local Trusted Choice member agent do most of the hard work for you. Your agent can help you understand your policy choices, provide you with necessary information to compare multiple insurers, and give you friendly service, now and in the future.

These agents can provide you with policy quotes for each of the different types of insurance and for varying degrees of coverage so that you can fully understand your options. Contact an independent agent in the Trusted Choice network today to compare a range of Georgia life insurance quotes.


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