Life Insurance Carriers
A life insurance policy is an agreement between an insurance company and the insured, that provides a death benefit and peace-of-mind that their loved ones will be taken care of in the event of their death. Policies can be guaranteed for a fixed term or for the life of the insured, and can be tailored to your needs.
There are two major kinds of life insurance—term life insurance, and whole life insurance. Whole life is sometimes called “permanent life insurance”, and it may come in several varieties – including traditional whole life, universal life, variable life and variable universal life. I
Life insurance products for who groups of people/employees are very unique when compared to life insurance sold to directly to individuals. The carriers below offer a great variety of these products, and we are certain you will be able to find the right policy for you, and your budget.
CareSource
CareSource plans provide comprehensive, quality coverage that you can afford, understand and use. We offer individual and family plans with optional dental and vision coverage for adults. CareSource is a Qualified Health Plan offered through the Health Insurance Marketplace.
Mutual of Omaha – 2021 Georgia Medicare Plans
Mutual of Omaha Medicare Supplement Plans are highly popular in Georgia and usually have the lowest rates. They take an attained-age rating approach to pricing their Medicare supplements and have lower rates for non-tobacco users.
National General
National General’s Short Term Medical insurance gives you a plan to face those unpredictable moments in life with confidence. It provides the financial protection you need from unexpected medical bills and other health care expenses.
Life Insurance
Life insurance provides a tax-free lump sum of money, called the death benefit, to a designated beneficiary after your death. You choose the type of policy you need, the number of years you want it to last, and coverage amount, and make premium payments to the insurance company. If you pass away while your life insurance policy is active, your beneficiaries can file a claim and the death benefit will be paid out to them.
Life insurance coverage offers affordable financial protection — and invaluable peace of mind — to people whose friends or family members rely on them. The death benefit can be used to pay for expenses like a mortgage, utility and grocery bills, children’s college costs, final funeral arrangements, long-term care, and more.
Types of Life Insurance
Term Life Insurance:
This is the most common type of life insurance. This type of insurance will expire after a set period of time (aka the “term”), providing protection when you need it and ending when you have paid off your major financial obligations, such as a mortgage, college tuition, etc. Term life insurance is also cheaper than other types.
Whole Life Insurance:
This is a permanent life insurance. That means that it doesn’t expire. It also has a cash value component, which resembles an investment account that you can borrow from. Whole Life Insurance is typically more expensive than term. While it can be helpful for complex financial situations, most people will not benefit from the extra cost.
FAQ’s
How do I know which insurance policy I need?
Everyone’s needs are different when it comes to health insurance. Term life insurance is typically the best coverage option for most people – it’s easy to use and offers the most affordable coverage in comparison to other types of life insurance.
The best advice would be to speak to an agent about your financial circumstances and life insurance needs in order to determine the right policy for you and your current situation.
How much is life insurance?
Factors in life insurance rates include:
Policy details
Your current health
Age
Hobbies
Gender