Gain peace of mind.
We offer comprehensive insurance solutions from high quality select carriers to meet the needs of our mortgage and banking customers. The well-being of all our customers is the critical component of our philosophy, and we value every individual and family we serve.
Our life insurance plans include:
- Mortgage Protection
- Term Life
- Whole Life
- Universal Life
- Permanent Life
- Return of Premium Term Life
- Wealth Transfer UL
Learn more about our plans.
Mortgage Protection Term Insurance
Mortgage Protection Term Insurance eliminates the balance of a mortgage upon the death of the insured, single life or joint, depending upon how it is structured. At a most difficult time, having a home free from mortgage payment responsibility is vitally important for the survivors.
Note: this Mortgage Protection Insurance is offered independently from any and all loan transactions currently or previously considered by Georgia Banking Company.
Term Life Insurance covers the policyholder for a specific amount of time, which is known as the “term.” Terms typically range from 10 to 30 years, depending on the product and preference of the policy holder.
Whole Life Insurance has fixed premiums for the life of the policy. A portion of each premium you pay becomes part of this cash value.
Universal Life Insurances is a type of flexible, permanent-life insurance offering the low-cost protection of term life insurance as well as a savings element (like whole life insurance), which is invested to provide a cash value buildup. The death benefit, savings element and premiums can be reviewed and altered as a policyholder’s circumstances change.
Permanent Life Insurance allows you to get coverage for your entire life. This compares to term life, which covers you for a specific number of years.
Return of Premium Term Life
Return of Premium Life Insurance is unique in that at the end of the term, if no death has occurred, all premiums will be returned to the insured.
Wealth Transfer UL
Single Premium Universal Life Insurance provides an opportunity to transfer an enhanced sum of money to beneficiaries utilizing a single payment to a universal life insurance policy. The proceeds from this transaction to the beneficiary are received tax-free… and with some products, should circumstances change for the owner, the premium can be returned without penalty.
- Variable Annuities: offer market participation — plus standard and optional guaranteed lifetime income choices when you're ready for income.
- Index Annuities: offer interest based on a fixed interest rate and/or based in part on the performance of one or more indices — plus standard and optional guaranteed lifetime income choices when you're ready for income.
- Immediate & Deferred Income Annuities: offer guaranteed income for life — which can begin now or in the future.
- Fixed Annuities: offer a fixed interest rate — plus a range of guaranteed lifetime income choices when you're ready for income.
Accidental injury insurance is specifically designed to help protect you from a wide range of accidental injury–related costs. These can range from emergency room visits and physical therapy to diagnostic exam and surgery. Optional riders for critical illness, disability income, accidental death and dismemberment are also available.
Accidental Death and Dismemberment Insurance (AD&D)
Accidental Death and Dismemberment Insurance, also known as AD&D insurance, is supplementary coverage which can be added to traditional life insurance policies or can be purchased as a “stand alone” policy. AD&D life insurance offers extra protection and pays you or your beneficiaries in the event of an accidental death or dismemberment due to an accident, greatly easing your financial burden in the incident’s aftermath.