Atlanta Life Insurance Plans

Get an Atlanta Life Insurance Quote

Just complete the short Atlanta life insurance quote form below, and we'll present you with life insurance plans that will fit your needs! An asterisk (*) denotes information required to process your life insurance quote.

What You Need to Know about Atlanta Life
Insurance Plans

Atlanta life insurance is regulated through the Georgia Department of Insurance and Commissioner John Oxendine. This regulatory department helps to insure that Atlanta life insurance consumers are not purchasing fraudulent insurance coverage. Although not every scam is caught before it negatively affects consumers, insurance scams are far less prevalent because of the Georgia Department of Insurance.

All Atlanta life insurance policies have a built in 10-day free look clause. This states that after the client receives his or her policy that they may return the policy to the insurance company for a full refund in the first 10-days. Most if not all of the companies that work with Easy Quote Direct extend this policy to a full 30 days after receipt of the policy.

Different Types of Life Insurance in Atlanta

Term life insurance provides insurance for a specific number of years. The insurance policy does not provide any cash value. It simply will financially protect you for the specified number of years. Given that the insurance policy does not build cash value and it only lasts for the specified term, term insurance is the least expensive of all insurance contracts.

Fully Underwritten Atlanta Term Life Insurance
Most insurance companies require a complete underwriting process. Which means that your must go thru a physical examination to purchase the coverage. A typical exam takes 15-20 minutes, a nurse comes to your home or place of business, the examiner takes your height, weight, blood pressure, pulse, blood and urine sample, and ask you a few health questions. For higher face amounts and seniors there may be more requirements.

Simplified Atlanta Term Life Insurance
This is a relatively new concept in the life insurance world. Companies are beginning to offer competitive preferred and standard rates without any exam! Instead of doing an exam the insurance company will check you out using the MIB report (medical information bureau), check your driving record, and checking your prescription drug history.

The medical information bureau is an agency owned by insurance companies that gathers information on consumers that have applied for different types of insurance coverage. This is information is shared by insurance companies. It is designed to keep consumers from being dishonest on an insurance application in order to obtain coverage. So if you have cancer you can’t just apply for coverage with another company after you have been denied. This is a good thing that helps insurance rates to stay low.

1. Accidental Death Benefit Rider: This pays an additional dollar amount if death results from some kind of accident (car accident, falling from roof, etc.)
    
2. Children’s Term Rider: Tthe children’s term rider typically covers all children in the household for one additional price. So if you have 1 child or 10 children you could purchase $10,000 worth of coverage that would cover all children. So the more children under 18, the better the value. Some children term riders last until the child reaches the age of 25. Also, most children’s term riders will give you the option to renew your child’s term rider without the proof of insurability. A real world example would be as follows. If you purchase a children’s term rider and that child acquires diabetes before the policy expires. You will have the option to purchase that child permanent coverage despite the child having diabetes. Without the children’s term rider it might be difficult for that child to find affordable insurance as an adult.
    
3. Disability Income Rider: Disability coverage is the most under valued insurance there is today. Disability is far more likely than death, yet most people overlook the importance and value of disability insurance. Just consider a few things about disability according to the National Safety Council in 1997:
   
   
   • 13,000 people are killed in work-related accidents each year -- 2,200,000 are disabled.
   • 21,000 people are killed in vehicular accidents each year – 2,700,000 are disabled.
   • 57% of applicants applying for social security benefits are declined.
   • The number of people with severe disabilities has increased 400% over the past 25 years. (largely due to medical advances that save peoples lives, yet leave them disabled)

To learn more about disability coverage, visit our disability page to get more detailed information.

4. Waiver of Premium: This valuable rider waives your premium payment is the case that you become disabled. Usually you must be disabled for a period of 6 months before this rider kicks in. Imagine if you become disabled and cannot work. You income may stop, or maybe just reduced if you buy disability insurance, but often times you bills stay the same or increase. This rider would waive you term life insurance bill. So as long as you are disabled you do not have to pay your insurance coverage.
    
5. Return of Premium: This has fast become the most popular rider at Easy Quote Direct. It is a simple rider that pays you back 100% of your premium at the end of your term period. So if you have a premium of $50 per month for 30 years, you simply multiple $50 X 360 months which equals $18,000. That would be the check you would receive tax free at the end of the term. Now there are a few thing you should think about before getting this rider. The return of premium rider is an excellent option, IF, you plan on keeping the coverage for the entire term period. You will not receive a full return if you cancel early. Also, make sure you find out what your reduced paid up amount will be if you decide to take that option.

Reduce paid insurance works like this. Lets say you purchased a $250,000 30 year term policy that cost you $50 / month with the Return of Premium rider. At the end of the term you have the choice to receive $18,000 OR purchase reduced paid up coverage. Your reduced paid up coverage depends on the company you choose, but for this example lets say the insurance company says they will give you a reduced paid up policy for $40,000 if you give them the $18,000 instead of keeping for yourself. So the “reduced” part is where you went from $250,000 to $40,000. The “paid up” part means that you never make another insurance payment. This is a great concept. You have a large lump sum that covers your family when they need it most. At the end of the term period we hope that your family is no longer financially dependant on you. However, the $40,000 will be enough to insure that your final expenses are taken care of. Using this option most often is much cheaper than purchasing comparable Universal Life or Whole Life plan.

Ready to Learn More? Request Your Atlanta
Life Insurance Plan Quote

Just complete the short Atlanta life insurance quote form below, and we'll present you with life insurance plans that will fit your needs! An asterisk (*) denotes information required to process your life insurance quote.

^ Back to Top