Indiana Life Insurance

SaveOnLifeInsurance.com offers cheapest life insurance quotes from the top providers in the state of Indiana. 550 life insurance companies are licensed to do business in Indiana. 30 life insurers are based in the state. Over 18,000 of jobs is created by the life insurance industry in Indiana.

More then 4 million people are individual life insurance policy holders. The average amount of cheap term life insurance coverage is $80,000 per policyholder. As far as group life insurance, the total coverage amounts to $170 billion. Indiana residents were paid $7 billion in the form of death benefits in 2008.

Indiana Life Insurance Regulations

Title 27 of the Indiana Insurance Code regulates the insurance industry in the state. All Indiana life insurance policies include a 30 day grace period to make up a late premium payment, and a 10 day free look period. Insurers are also obligated to settle cheap term life insurance claims as quickly as possible. A misstatement of age will usually only result in a recalculation of benefits.

Indiana Health Facts

Indiana is ranked 36th out of 50 states for life expectancy at birth. The life expectancy in Indiana is 76 years. Heart disease and cancer are the leading causes of death in the states. The data was taken from the American Human Development Report (2008-2009).

Approximately 6.3 million people live in the state, 13% of the population is uninsured. The median annual income is $46,000. More information about state demographics, economy, health costs, and insurance coverage can be found at www.cdc.gov.

Indiana Department of Insurance

311 W. Washington St., Suite 300

Indianapolis, Indiana 46204-2787

Web site: http://www.in.gov/idoi

Phone: (317) 232-2385

Fax: (317) 232-5251

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