Georgia's Comprehensive Insurance Agency in McDonough, GA, provides customized life insurance plans. We work with you at every step of the process to give you the best options and help you qualify. Our agents know the value of life insurance and the impact it has on families. We help you develop a plan to provide stability and security for your family after you're gone. Before you apply for life insurance, you should analyze your financial situation and determine how much money would be required to maintain your beneficiaries’ standard of living or meet the need for which you’re purchasing a policy.
What is Life Insurance?
Life insurance is a contract between an insurer and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured dies in exchange for the premiums paid by the policyholder during their lifetime. The life insurance application must accurately disclose the insured’s past and current health conditions and high-risk activities to enforce the contract.
- The structure of your home
- Your possessions
- The cost of additional living expenses if your home is damaged and you must live elsewhere during repairs
- Your liability to others
Types of Life Insurance
Term Life Insurance
Term life insurance is typically the most affordable option to protect your family if something happens to you. It’s a policy that covers you for a specific amount of time, or term—typically 10, 15, 20, or 30 years. You make premium payments during the term you’ve selected.
Whole Life Insurance
Unlike term life insurance, which protects you for only a specific duration, whole life insurance offers protection throughout your lifetime. It’s the most basic type of permanent life insurance that offers consistency along with some predetermined, guaranteed cash value growth.
Universal Life Insurance
Universal life insurance is more affordable than whole life insurance and can offer cash value growth, along with features that give you flexibility as your needs change over the years.
