A Quick Guide to Georgia Life Insurance

If you are trying to learn about Georgia life insurance and you feel that you are overwhelmed by all of the information you have read, then you may be wanting to know just the basics. With the basic information, it will be much easier for you to sort through all of the other information in order to choose the right Georgia life insurance policy for you and your family. Here are the basics in the form of a quick guide to life insurance in Georgia.

 

There are three main types of policies that you can consider. They include the following:

 

  • Term Life
  • Whole Life
  • Universal Life

 

Just what is the difference between these three? It is quite simple if you consider the names of each. Term life means it only lasts for a term. In other words, you agree to make a certain payment each month for a number of years. If something happens to you in that time period, the insurance will pay out. If the time period passes, then you can choose to renew or cancel the policy.

 

Whole life means it covers wholly. It does not matter when a claim needs to be made on the policy. It will always be available. Universal life is a bit different. This policy is flexible and allows you to decide how much you pay into the policy and when you pay in. However, you will need to make sure that you pay in at least a certain number of times to keep the policy up to date.

 

The only other decision that you will need to make will be how much actual money you want the policy to be for. This should depend on your budget for premiums and how much you want to leave to your family.

 

As you can see, Georgia life insurance is much simpler than you may have thought. You do not have to be overwhelmed by your options.

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E.G. Atlanta, GA

Since 1998, Nolan has been a tremendous help to me with both my auto and homeowners insurance needs. He has helped me navigate through the maze of insuring multiple cars with teenage drivers, as well as understanding the legislative changes affecting my auto policy. When I purchased my homes, Nolan analyzed my needs and made solid recommendations for my circumstances. And on those occasions when I had a claim, Nolan's professionalism, service, and accessibility made all the difference and reassured me of his commitment to my best interest. I am confident he will do the same for you.

Keith H. Statesboro, GA

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