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Featured Insurance Blog

What Is Term Life Insurance?

Death is inevitable. It’s essential to protect your loved ones by getting a life policy to help them maneuver through life even in your absence. If you are in Atlanta, GA, Rob Hill Insurance Group will help you get insights on the most misunderstood policy, life insurance. 

You’ll know more about term life insurance and how it works. The team will guide you on everything to help you make the right decision. 

How Term Life Insurance Works

Term life insurance refers to a life insurance policy, which provides coverage for a specified period. In case the policyholder dies within the policy term, the insurance pays out a death benefit. 

With time insurance, you’ll pay the premiums annually or monthly, depending on the agreement you have with the insurer. As long as you’re paying the premiums, your beneficiaries will get the payouts upon your demise. The team at Rob Hill Insurance Group will customize the policy to meet your individual needs. 

If one dies within the period the term life policy is active; the beneficiaries submit a claim to the insurance company. The insurer mostly requests a copy of the deceased policyholder’s death certificate before paying out the death benefit. 

Types of Term Life Policies to Buy

Term life insurance is quite different in terms of the costs, payouts, and what they include. Some types of term life insurance include:

  • Level premium
  • Return of premium
  • Yearly renewable term 
  • Guaranteed issue

It’s crucial to go through these policies with a professional agency to know which is best for you. If you’re new to an insurance policy, everything might seem confusing. 

With Rob Hill Insurance Group in Atlanta, GA, you’ll understand every single detail about the term life insurance. Our team of professionals will guide you through the process and answer your questions. Call Rob Hill Insurance Group today to kickstart your term life coverage.