Washington DC Life Insurance

SaveOnLifeInsuranceNow.com provides consumers with cheapest life insurance quotes online. Over 470 life insurers are licensed to do business in Washington DC and 2 life insurance companies are actually based in the District of Columbia. The total amount in death benefit is equal to $140 billion. Group life insurance coverage amounts to $110 billion. About 500,000 people are covered under individual life insurance policies. The median amount of coverage is $75,000 per policyholder. District of Columbia residents were paid $1 billion in the form of death benefits, dividends, and other payments in 2008.

Washington DC Life Insurance Regulations

Title 31 of the District of Columbia Code regulates claims procedures and cheap life insurance policy requirements. Policyholders have a 30-day grace period to make a late premium payment. The life insurance company will not cancel the life insurance policy during this time. All new policy holders have a 10-day “free look” period.

Misrepresentation on the part of a policyholder can result in policy cancellation, and refund of premiums is subject to the terms and conditions of the cheap term life insurance policy.

Washington DC Health Facts

The life expectancy in Washington DC is the lowest among 50 states. The average life expectancy is 72 years (compared to the US average of 78 years). Heart disease, cancer, and Cerebral Disease are among the leading causes of death in DC. The data was taken from the American Human Development Report (2008-2009)

The state’s population is about 600,000 people. 11% of the population is uninsured. More information about state demographics, economy, health costs, and insurance coverage can be found at www.statehealthfacts.org. Looking for Washington DC life insurance? Find affordable life insurance quotes online at SaveOnLifeInsuranceNow.

Department of Insurance

810 1st Street, N.E., Suite 701

Washington, DC 20002

Web site: http://disb.dc.gov

Phone: (202) 727-8000

Fax: (202) 535-1197