Life Insurance Georgia GA
Reader’s Question:
Am I required to submit a life insurance premium payment with my application in Georgia?
Rey
Columbus, GA
It is not mandatory, Rey, but it is optional. If you submit premium in Georgia with your application you may be provided with temporary or ‘Conditional Coverage’ during the underwriting period.
Georgia life insurance companies have different conditions on temporary coverage which are explained during the application.
Be reminded that there are coverage limits on temporary coverage and they vary by company. For temporary coverage, Premium is required to be submitted with the application. Depending on the company, coverage usually begins and ends at various points in the process.
If you are eligible for temporary coverage and would like to take advantage of this benefit make your check payable to the Georgia life insurance company. You are to submit the amount quoted for your first modal premium. To secure the temporary coverage, all forms and your check should have the same date.
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