Delaware Life Insurance

SaveOnLifeInsuranceNow.com provides consumers with cheap life insurance quotes in all 50 states. Delaware life insurance companies invest $30 billion of their assets in the state’s economy. There are 470 life insurers who are licensed to issue cheap life insurance policies in Delaware. 30 our of 470 life insurance companies are domiciled in the state

Residents of Delaware have $200 billion in death benefit coverage. More then 500,000 people are covered by individual life insurance. The average coverage amount is $190,000. Individual life insurance coverage purchased in 2008 in Delaware totaled $8 billion.

in 2008 residents of Delaware were paid 6 billion in the form of death benefits, dividends, annuities, and other payments.

Delaware Life Insurance Regulations

Title 18 of the Delaware Insurance Code regulates the cheap life insurance industry in the state. Consumers are protected under these laws by having a 30-day grace period for late premium payments. In Delaware, claims settlements are usually processed within 2 months. In case of a misstatement in the policy, life insurers in Delaware may contest statements made in a policy application within 2 years from the effective date of the policy. Misstatement of age can be discovered at any point during the life of the policy.

Delaware Health Facts

The life expectancy in Delaware is 76 years. The state ranks 29th out of 50 in terms of life expectancy. The data was taken from the American Human Development Report (2008-2009)

Over 900,000 people live in the state of Delaware. The median annual income is $53,000. 12% of the population are uninsured. More information about state demographics, economy, health costs, and insurance coverage can be found at www.statehealthfacts.org

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Delaware Department of Insurance

841 Silver Lake Boulevard

Dover, Delaware 19904-2465

Web site: http://delawareinsurance.gov/

Phone: (302) 674-7300

Consumer Hotline: (800) 282-8611