In Georgia, two different state offices touch end-of-life planning. The Office of Insurance and Safety Fire Commissioner oversees life insurance, and the Secretary of State registers preneed funeral dealers. Knowing which is which helps you check who you are buying from.
Life insurance in Georgia is regulated by the Office of the Commissioner of Insurance and Safety Fire. The office licenses agents and insurers and takes consumer complaints. You can confirm that an agent holds a Georgia license through the Commissioner's website.
Georgia law gives you 10 days after you receive an individual life policy to look it over and return it for a refund of premium. The notice is printed on the policy itself. If you are replacing an existing policy, ask for the replacement disclosure forms before you cancel your old coverage.
Preneed funeral dealers and their sales agents must register with the Georgia Secretary of State under the Georgia Cemetery and Funeral Services Act of 2000. A preneed contract buys funeral goods or services in advance from a particular provider. Final expense insurance is a life policy that pays cash your beneficiary can use however the family needs.
10 days from when you receive the policy. During that time you can return it for a refund of premium.
The Georgia Secretary of State, under the Georgia Cemetery and Funeral Services Act of 2000. Life insurance agents are licensed separately by the Insurance and Safety Fire Commissioner.