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Georgia Life insurance coverage

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Life Insurance

Most people have heard of life insurance and the other more common types of insurance. What people don't always know is that there are two types of life insurance. Here at Hawkins Insurance Agency, we can help you explore what type of life insurance is right for you in Georgia.

Types of life insurance

One of the first things to figure out is what kind of insurance will work for you. To do that, we first need to know what types of life insurance are available. There are two different types of life insurance.

Term life insurance

This type of insurance only lasts for a certain amount of time. This means that you are only covered from the time you start your policy until the date it is set to expire.

Whole life insurance

This type takes effect from the time you start your policy and lasts until after you die. It can gain cash value which you can borrow if needed.

Benefits of life insurance

When people think of life insurance, they can only think of the main benefits it has to offer. You can take care of your loved ones if something bad happens. Life insurance can be a benefit in a variety of ways outside of providing a monetary sum.

Other benefits may include the following:

  • Paying off a home mortgage
  • Providing the funds for your kids to go to college
  • Paying off other debts
  • Paying funeral and medical expenses
  • Replace lost salary
  • Possible option of cash value

Some of these benefits depend on the policy that you choose.

Who needs life insurance, and who doesn't?

Life insurance can benefit many people, but how do you know whether it would help you or your loved ones? Life insurance is most beneficial for a person who is a parent or the leading financial provider for children or other dependents.

For more information or to get a quote, stop in or contact us at Hawkins Insurance Agency in Kennesaw, GA.

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