Kentucky Life Insurance

Visit SaveOnLifeInsuranceNow.com to find affordable life insurance coverage. Over 500 life insurers are licensed to issue cheapest life insurance policies in Kentucky. 9 life insurers are domiciled in the state. The life insurance industry has created 9,000 jobs in Kentucky. Life insurance companies invest $40 billion of their assets in state’s economy.Kentucky residents have 2 million individual life insurance policies, and there’s $100 billion in group life insurance coverage. The average individual life insurance coverage amount is $65,000 per policyholder. in 2008, for instance, $4 billion was paid to Kentucky residents in the form of death benefits, annuity benefits, and other payments.

Kentucky Life Insurance Regulations

As a consumer, your rights are protected under Title 25 of the Insurance Code of Kentucky. One such protection is the 30-day grace period on late payments. There’s also a 10 day free look period when a customer can cancel the cheapest life insurance policy they bought for a full refund. Any misstatement discovered at any point during first 2 years of life of the policy will result in termination of the policy.

Kentucky Health Facts

Kentucky ranks 42nd out of 50 states for life expectancy. The data was taken from the American Human Development Report (2008-2009). The state’s population is 4.2 million people. The annual income is $41,000 per year on average. 16% of population is uninsured. More information about state demographics, economy, health costs, and insurance coverage can be found at www.statehealthfacts.org. Find cheapest life insurance quotes online.

Kentucky Department of Insurance

Department of Insurance

215 West Main Street

Frankfort, Kentucky 40601

Web site: http://insurance.ky.gov/

Phone: (502) 564-3630 or (800) 595-6053

Consumer Hotline: (800) 595-6053