{"id":114,"date":"2024-06-28T04:00:00","date_gmt":"2024-06-28T10:00:00","guid":{"rendered":"https:\/\/www.robhillgroup.com\/blog\/?p=114"},"modified":"2024-06-26T09:05:13","modified_gmt":"2024-06-26T15:05:13","slug":"guidelines-for-life-insurance-coverage","status":"publish","type":"post","link":"https:\/\/www.robhillgroup.com\/blog\/guidelines-for-life-insurance-coverage\/","title":{"rendered":"Guidelines for Life Insurance Coverage"},"content":{"rendered":"

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. <\/p>\n

Types of Life Insurance<\/strong><\/h2>\n

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. <\/p>\n

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

Term life is less expensive. Whole-life policies typically have a cash value component that you can withdraw from after several years. <\/p>\n

How Much Coverage Do You Need? <\/strong><\/h2>\n

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. <\/p>\n

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. <\/p>\n

Life Insurance at Rob Hill Insurance Group<\/strong><\/h2>\n

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. <\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5,6],"class_list":["post-114","post","type-post","status-publish","format-standard","hentry","category-life-insurance","tag-atlanta-ga","tag-rob-hill-insurance-group"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t