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You know that you need life insurance to protect your family if you pass unexpectedly. However, you may not know how much coverage you need or which type of policy to select. At Rob Hill Insurance Group in Atlanta, GA, we are here to provide guidelines for choosing life insurance coverage. 

Types of Life Insurance

There are two basic types of life insurance. These are term life and whole life. A term life policy provides coverage for a set term, typically 10-30 years. At the end of the term, the policy expires. To continue having coverage, you’ll need to get a new policy. 

Whole-life coverage, on the other hand, provides coverage for a lifetime. You’ll be covered until your eventual death, no matter your age. 

Term life is less expensive. Whole-life policies typically have a cash value component that you can withdraw from after several years. 

How Much Coverage Do You Need? 

You’ll also need to determine how much coverage you need. If you have a family that depends on your income, experts recommend multiplying your yearly income by 10. Then, add any debts or liabilities, including a mortgage. This ensures your family will be financially secure without you. You may also want to factor in their care or college education if you have children. 

You’ll need enough coverage to cover your debts and final expenses if you don’t have any dependents. Add up your liabilities and debts. You’ll want to add final expenses to this number. In Georgia, this averages about 13,000. You may want to consider any final medical expenses you may have as well. 

Life Insurance at Rob Hill Insurance Group

At Rob Hill Insurance Group, we serve the Atlanta, GA area. We offer life insurance to help you protect your family. We will discuss your needs and help you select the best policy for your situation. 

At Rob Hill Insurance Group, we prioritize the needs of our patrons in Atlanta, GA. Our goal is to provide dependable, flexible life insurance plans that cater to your needs. We strive to deliver policies that give you peace of mind, knowing you and your loved ones are protected.

Considering the Right Life Insurance Coverage

Finding the right life insurance policy can be complex. It’s not enough to choose a plan; you need to consider various factors to ensure your coverage meets your personal needs and financial objectives. At Rob Hill Insurance Group, we believe in offering valuable insights that reflect your unique requirements and helping you implement a comprehensive insurance plan.

Different Types of Life Insurance Policies

Our diverse insurance plans cater to a variety of needs. For instance, term life insurance offers temporary financial protection at affordable rates, with a payout set during specified years if death occurs. Alternatively, permanent insurance policies such as whole life or universal life policies can offer lifelong coverage and potential for cash value accumulation.

Finding the Best Life Insurance Cover

We believe a thorough assessment of your current obligations, future expenses, and long-term goals is crucial in determining your best life insurance coverage. Factors such as age, health, and listed beneficiaries can help narrow down the selection and enable a more informed choice. Let us assist you in selecting a life insurance policy that provides you and your family with the financial security and peace of mind you need.

Choose Rob Hill Insurance Group for Quality Life Insurance

If you’re around Atlanta, GA, and seeking quality life insurance, Rob Hill Insurance Group is the right place. Our dedicated professionals are ready to help you protect your family and assets. We offer a range of customizable insurance packages to fit your budget and individual needs. With us, you can rest assured of fair and considerate handling of your unique situation. Begin your journey towards peace of mind with us today.

At Rob Hill Insurance Group, we know that finding life insurance in Atlanta, GA, can be a challenging experience. It’s something to approach with the proper care and attention to ensure things go smoothly for you. Here’s the multi-step process needed to improve your life insurance situation.

Shop Around 

Don’t just buy a policy from the first provider that comes your way. Instead, take the proper time to identify a provider that makes sense for you. For example, they may be a Georgia-based firm that provides discounts to residents or someone with budget-based options that suit your needs.

Know What Type You Want 

There are a few types of policies that you could consider when getting life insurance. For example, a term-limit policy typically covers you for 20-30 years, making it a great choice if you’re a little older and want to save a little money. You can also add more years of protection if your policy runs out. 

However, whole life insurance covers the rest of your life, which makes it helpful if you’re younger or don’t want to worry about your policy running out. The level of protection remains the same, which makes it a good option for people who want a long-lasting policy that makes sense.

Make Sure You Choose the Proper Coverage Level 

Modern afterlife expenses cost thousands of dollars and can put your family into serious debt that may last for the rest of their life. As a result, you need to choose a coverage level that fully protects them, paying for your funeral expenses and their transition to life without you.

Let Us Know What You Need

Contact us at Rob Hill Insurance Group if you’re looking for life insurance in Atlanta, GA, that will keep your family safe. We’ll talk with you about your protection and develop a policy option that provides the high-quality insurance necessary for your needs.

If you don’t have life insurance yet, it’s time to get it. Life insurance is an important way that you can help those around you after you’re gone. When you have people who depend on you, it’s always necessary to have life insurance. There are two main types of this insurance- whole life and term life. Term life is active for a specific amount of time, and then it expires. Whole life doesn’t work that way. It’s a solid type of insurance that can mean a lot to those you leave behind. When you need life insurance, call us at Rob Hill Insurance Group in Atlanta, GA to find out more. 

Good for Life

Unlike a term policy, a whole life policy doesn’t expire. It will go on for the rest of your life as long as you continue making your premium payments. If you keep paying them, the insurance company can’t cancel your policy. It will be there even if you reach an advanced age. Because these policies cover policyholders into their senior years, this type of policy is more expensive, but many find the peace of mind worth the extra premium costs. 

Cash Value

If you should ever run into a financial emergency where would you turn? If you have a whole life insurance policy, you can turn to the policy. The policy will build up value over time. This becomes an amount that you can borrow against if you have an emergency and need the cash. It takes a few years for this cash value to build into a helpful fund, but it will only keep growing over time. 

Get Life Insurance 

If you’re interested in a whole life policy, call us at Rob Hill Insurance Group in Atlanta, GA to get started with a policy of your own.