Georgia Term Life Rates to Rise

Rates for Georgia term life insurance will be increasing. Some plans, such as 30 year term, may no longer be available. This according to Swiss Re.

"While many direct writers have held the line on premiums this year, some leading companies have raised term insurance premiums by as much as 10% to 15%," Karl and Laster write. "Some have stopped writing long-term business, such as 30-year level term."

Meanwhile, because of the current capital market turmoil, tools such as reinsurance, insurance-linked securities and letters of credit are either more expensive than they used to be or unavailable, and the crisis also has reduced insurers' own capital and surplus by about 14%, the analysts write.

Compare rates for Georgia term life insurance here.