life insurance Georgia

The Best Life Insurance Companies In Georgia

life insurance Georgia

The Best Life Insurance Companies In Georgia

Living in Georgia, I know that our diet can be full of collard greens, fried chicken and a good strong southern breakfast.

But family is super important and making sure we have the correct type of life insurance for our loved ones is super important.

We put together this post so that you can have immediate access to the Georgia Department of insurance as well as their guaranty association.

You will also find out specific term life insurance information to the state of Georgia and have a better understanding of why you need life insurance if you live in Georgia.

Comparing Georgia Life Insurance Quotes

What's The Free Look Period?

When you purchase your life insurance policy you still have what is known as the "free look" period in which you can return the policy.

If you use the free look period, the insurance company must refund you all of your monies and the the policy will be cancelled.

The average free look period is 30 days; however, each company can have a different period so it is best to check with them directly. 

THE SIMPLY INSURANCE WAY

Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of getting your quotes and applying.

How Life Insurance Rates Are Determined In Georgia

Age

Age is going to be one of the largest factors when determining your life insurance rates in Georgia.  The younger you are when you purchase coverage, the more affordable it is going to be.

best term life insurance Georgia

Gender

Your gender is going to be the second largest factor when figuring out your life insurance rates.  You will find that women are going to have much more affordable rates than men, primarily because they live longer than men on average. 

Tobacco Usage

If you are a tobacco user, you can expect your rates to be upwards of 65% more expensive on a monthly basis. With Cancer being a leading cause of death in Georgia, and since smoking increases your rates considerably, if you smoke, it's probably time to quit. 

Coverage Amount

The amount of coverage that you purchase will also change your rates.  The higher the coverage amount you purchase, the more expensive the policy will become.  

Term Length

Term length is going to be a factor because the longer the term length the more expensive a policy will become. However, don't let this fool you, if you lock your rates in for a longer term, you will actually save more money over time.

Current Health

Everyone is underwritten on an individual basis, this means that if you have a twin, their rates can still be different if their health is different. 

Driving Record

Life insurance companies want to know that you aren't a crazy driver.  If you have a history of speeding, DUI's or DWI's you could be looking at higher rates or even a decline for coverage.


Top 10 Leading Causes Of Death In Georgia

It is essential that you purchase Georgia life insurance when you are young so that your rates are affordable.

  • Heart Disease - 18,143 Deaths
  • Cancer - 45,131 Deaths
  • Chronic Lower Respiratory Diseases - 4,805 Deaths
  • Accidents - 4,021 Deaths
  • Stroke - 4,349 Deaths
  • Alzheimer’s Disease - 3,714 Deaths
  • Diabetes - 2,238 Deaths
  • Kidney Disease - 1,864 Deaths
  • Septicemia - 1,565 Deaths
  • Suicide - 1,423 Deaths

A life insurance policy would cover all of the above deaths, including suicide after 2 years of having the policy.

INSURANCE WHERE YOU LIVE

Life insurance by state.

Georgia Department Of Insurance

georiga department of insurance

Website: Georgia Department Of Insurance

Insurance Commissioner:  Drew Lane

Consumer Insurance Helpline:  (800) 656 – 2298

Office Hours:  Monday - Friday  9:00 am to 5:00 pm

File a Consumer Insurance Complaint: Complaint Page

Find a Licensed Life Insurance Agent: Agent License Search Page

Georgia Life & Health Insurance Guaranty Association

georgia guaranty association

The Georgia Guaranty Association was created to make sure that consumers were protected if a life insurance company become insolvent. Their contact info is below:

Website: Georgia Life & Health Insurance Guaranty Association 

Phone: (770) 621 – 9835

Address: 
     Georgia Life & Health Insurance Guaranty Association
     Marchman-Steele Agency, Inc.
     Gwinnett Commerce Center
     3700 Crestwood Parkway, NW
     Suite 400
     Duluth, GA 30096

Georgia Guaranty Association Protection Limits

Each state has a specific limit that they can go up to in case your life insurance company fails.

Pre July 1, 2012 Insolvencies

  • Life Insurance Death Benefit: $300,000 per insured life 
  • Life Insurance Cash Surrender: $100,000 per insured life 
  • Health Insurance Claims: $300,000 per insured life
  • Annuity Cash Value: $100,000 per contract owner
  • Annuity In Benefit: $300,000 per contract owner
  • Unallocated Group Annuity Benefits: $5,000,000 per contract owner

Post July 1, 2012 Insolvencies

  • Life Insurance Death Benefit: $300,000 per insured life 
  • Life Insurance Cash Surrender: $100,000 per insured life 
  • Health Insurance Claims: $500,000 Medical, surgical insurance, or major medical
  • Health Insurance Claims: $300,000 Disability, LTC, other health insurancel 
  • Annuity Cash Value: $250,000 per contract owner 
  • Annuity In Benefit: $300,000 per contract owner
  • Unallocated Group Annuity Benefits: $5,000,000 per contract owner

THE SIMPLY INSURANCE WAY

Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of getting your quotes and applying.

Taking Action

There is no need to wait when it comes to getting some life insurance in Georgia.  

You can get immediate quotes and coverage by clicking here or on any of the above buttons. 

Feel free to leave a comment if you have any additional questions.


Life Insurance Reviews By State


  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington D.C.
  • West Virginia
  • Wisconsin
  • Wyoming

Sa El

About the author

Sa El is the Co-Founder of Simply Insurance and a licensed Insurance Agent with over 11 years of experience in the industry.  He specializes in Life & Health Insurance and is certified in Long Term Care Insurance in the state of Georgia. He is also an Official Member of the Forbes Finance Council, a licensed real estate agent in the state of Georgia (License #382602), an entrepreneur, insurance educator, and freelance writer.


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