The Cheapest Life Insurance in Georgia

Shawn Plummer

CEO, The Annuity Expert

Georgia residents will be shop and compare several life insurance policies for their estate planning needs in this guide.  We’ll go over how much coverage you’ll need in an ideal scenario, what to plan for, and possibly find a lost life insurance policy.  Your quotes are always anonymous (unless you request an application).

Life Insurance Georgia

Insurance for Georgia Residents

How Much Life Insurance Do I Need?

Budget-Friendly Method

The first method is determining the total amount of your mandatory monthly expenses would be to live comfortably.  Monthly expenses include mortgage or rent, transportation, utility bills, health insurance, and educational expenses. 

Calculate monthly expenses times 12 months for at least 3 years.  This will give you a buffer to grieve, get your life back on track, and prepare for the next phase in your life.

Standard Method

The second method to determining how much life insurance coverage you should buy is to calculate 10 times your annual income. Well, not everyone has the ability to purchase that much coverage, so we’ll take a different approach to determine how much you should purchase.

Premium Method

The third method is purchasing a policy large enough to take care of you financially for the rest of your life.  If you choose this route, be sure to calculate inflation into the amount so your beneficiary will maintain their lifestyles.

Filling A Will

I’m guessing you’re looking at a will in addition to a life insurance policy.  Once you’ve completed your will, you must store it safely for safekeeping, like a safety deposit box in the bank. You can also file the will at your county’s probate court.  

Georgia Probate Courts

Lost Life Insurance Finder

If you just died and want to check any lost life insurance policies, the National Association of Insurance Commissioners offers a service.

Reporting a Life Insurance Scam

If you feel you have been mistreated or fallen to a scam, feel free to file a complaint with the Georgia Department of Insurance.

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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