Nevada Life Insurance

SaveOnLifeInsuranceNow.com has been providing our customers with cheapest term life insurance quotes online. The life insurance industry employs and supports 7,000 people in Nevada. 477 life insurance companies own a license to do business and issue cheap life insurance policies in Nevada.

Nevada residents have a group life insurance coverage which amounts to $50 billion ($170 billion in death benefit coverage). Besides, 670,000 people own individual life insurance policies. The average coverage amount is $170,000. In 2008, for instance, the individual life insurance policies purchased in Nevada totaled $20 billion. In 2008, Nevada residents were paid $2 billion in the form of death benefits, dividends and annuities.

Nevada Life Insurance Regulations

Title 57 of the Nevada Revised Statutes oversees claims procedures and policy requirements in the state of Nevada. All policies have a 2 year period that allows life insurance companies to investigate policyholder misrepresentation on an application. Life insurers are exempt from settling claims where the cause of death is suicide during the first 2 years of the policy’s effective date. The 10-day “free look” period is included in all cheap life insurance policies and protects consumers who can change their mind about the coverage during this period.

Nevada Health Facts

The life expectancy in Nevada is 75 years. The state ranks 35th out of 50 for life expectancy. The data was taken from the American Human Development Report (2008-2009).

Approximately 3 million people live in Nevada. 20% of population is uninsured. More information about state demographics, economy, health costs, and insurance coverage can be found at www.statehealthfacts.org. Find affordable life insurance policies in Nevada now. Visit SaveOnLifeInsuranceNow.com today.

Nevada Department of Insurance

788 Fairview Drive, Suite 300

Carson City, Nevada 89701-5491

Web site: http://www.doi.state.nv.us

Phone: (775) 687-4270

Fax: (775) 687-3937