Arkansas Life Insurance

SaveOnLifeInsuranceNow.com offers affordable life insurance quotes from top providers in Arkansas. There are over 525 life insurance companies who are licensed to issue cheap term life insurance policies and do business in Arizona. 30 of them are based in the state. 4,000 people are employed in the insurance industry.

Arkansas residents are covered by $200 billion in death benefit. Almost 2 million people own individual life insurance policies. The average amount of coverage in Arkansas is $60,000 per policyholder.

In 2008 the total of $10 billion of life insurance coverage was purchased by residents of Arkansas. The amount of group life insurance policies purchased is estimated as $80 billion. $430 million was paid in annuity benefits in Arkansas.

Arkansas Life Insurance Regulations

Title 23 of the state’s code regulates Arkansas life insurance claims procedures and outlines cheap term life insurance policy requirements. There’s a 30-day “grace period” provision which is included into all Arkansas life insurance policies. It allows consumers to make a late premium payment before the life insurance company can terminate the policy.

Arkansas Health Facts

The average life expectancy is 75 years in Arkansas. The state ranks 43rd out of 50 in terms of life expectancy at births. The main causes of death are cancer, stroke and heart diseases. The data was taken from www.cdc.gov.

The total state population is 2.8 million people with an average income of $39,000. 19% of the population is uninsured. More information about state demographics, economy, health costs, and insurance coverage can be found at StateHealthFacts.org

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Arkansas Department of Insurance

1200 W. Third Street

Little Rock, Arkansas 72201-1904

Web site: http://www.insurance.arkansas.gov/

Phone: (501) 371‑2600

Fax: (501) 371‑2618

Consumer Services: (800) 852-5494; (501) 371‑2640