life insurance georgia

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How Much Life Insurance Do You Really Need?

Well, Valentine’s Day is fast approaching, so I thought I’d tie in this post to the theme of love!  No, I’m not going to suggest that you purchase a life insurance policy as a Valentine’s gift! However, this is a good opportunity to think about WHO matters most in your life and how much you care for them!  Perhaps you will think about how much coverage you currently have, because life insurance is really about protecting the ones you love.

Life Insurance Riders: Do You Really Need Them?

All life insurance companies offer add-ons or “riders” to their policies.  Some of these riders can be worth the additional premium, depending on your unique situation.  I will cover the most common and important riders to consider.  The types of riders vary among the carriers and the life insurance products they offer.

Waiver of Premium                                                    

This rider is the one most frequently added to life insurance policies. The Waiver of Premium rider comes into play in the event of a disability.  

Life Insurance: Getting the Beneficiary Designation Right

Failure to update beneficiaries is one of the most common oversights with life insurance policies. If someone gets divorced and fails to update their beneficiary designation, then the death benefit goes to the ex-spouse (assuming they were the primary beneficiary.) This will occur even if an updated will says otherwise.  Most people think a will supersedes a life insurance policy designation, but it does not. Just ask any lawyer! There are exceptions to this, such as when a decedent can be shown to have been incapacitated or “unduly influenced”,

Experienced life and health insurance Agents in Georgia

There are lots of knowledgeable, experienced life and health agents in Georgia.  However, there are many, many more unexperienced agents in the marketplace.   I would venture to guess that the ratio is 1:10 at best.  With our current recession and high unemployment rate, there has been a huge influx of people entering the insurance industry.  There is an extremely low barrier of entry compared to other business start-ups. It’s almost too easy to get licensed to sell insurance.  In a sense,

Term Life or Whole Life Insurance?

Two Categories of Life Insurance

Most people make the distinction between two major types of life insurance as Term and Whole Life, but the more accurate terms are: Term and Permanent life insurance. Those are the two broad categories of life insurance; whole life is just one type of permanent life insurance.  Sometimes “whole life” and “permanent life” are used interchangeably.  With the advent of several unique product designs in the past 10 or 15 years,

Instant Term Life Insurance Quotes — Is Quicker Always Better?

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When purchasing life insurance, it is important to determine what is important to you.  In today’s  fast-paced world, we place a high value on time management and efficiency.  If we have a choice of shopping online for a gift or visiting several brick and mortar stores, we quickly see the benefit of the Internet.  However, when shopping for life insurance, getting things done as quickly as possible isn’t always the best policy. 

One of the popular mega-sites offering life insurance received the following review from U.S.

The Right Way to Get Quotes and Apply for Life Insurance

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I received an email from a client last year asking me to contact his investment advisor. My client’s investment advisor had referred him to another life insurance agent, but the rates he received were not the same as the rates I quoted him. Below is an excerpt from the email (I was copied on the email).

“Tim,  Greg Sanders is the agent I have been using and his rates seem a little better than Tony’s….Greg has been very responsive and professional in my dealings with him…..always good to have options … 

Laddering Term Life Policies

The term “laddering” is commonly used with reference to financial products such as CDs, but it can also be used with life insurance. Simply put, laddering is a strategy employed to have more than one financial product “expire” or mature at different dates to benefit the owner.  With respect to CDs, this concept protects against reinvesting a large amount of money in a poor financial climate.  This concept has been applied to life insurance since the need for life insurance tends to diminish over time as debts are paid off and assets grow in value.