Life Insurance in Georgia
Life insurance in Fayetteville, GA provides for those you love after you are gone. Strickland Advisory Group Inc. recommends getting life insurance if you have Georgia dependents, owe an enormous debt, or want to cover your funeral costs.
What is Life Insurance
Life insurance is an agreement between you and an insurance company. You pay money to the insurance company every month, and the company agrees to pay a set amount to the people you choose if you die while the policy is in effect.
There are three good reasons to get life insurance:
- If someone depends on you financially (like a spouse or children), life insurance can help them if you die.
- For large debts, like a mortgage, loan, or credit card debt, Georgia life insurance can help pay that off so your family is not stuck with the bill.
- Life insurance can help pay for funeral costs and medical bills
How Much Life Insurance Do You Need?
Generally speaking, you should have enough coverage to:
- Replace your income for at least five years
- Pay off debts and final expenses
- Cover any future costs, such as college tuition for your children
What Are the Types of Life Insurance?
- Term life insurance offers money to your family if you die during the policy’s term. If you do not die, the policy does not pay out and will end when the term is up. You will have to get a new policy to be covered again.
- Whole life insurance lasts for the rest of your life. The policy will only end if you stop paying for it.
Contact Us Today
The best way to get started is by talking to a Fayetteville, GA insurance agent at Strickland Advisory Group Inc. We can help you determine how much coverage you need and find the best policy for your needs.
