New Hampshire Life Insurance

Looking for cheap term life insurance in NH? SaveOnLifeInsuranceNow.com is here to help. New Hampshire residents own 580,000 individual life insurance policies and have $110 billion in death benefit coverage. The average cheap life insurance coverage is $130,000 per policyholder. Group life insurance coverage purchased totals $30 billion. Approximately $2 billion was paid to New Hampshire residents in annuities, dividends, and death benefits in 2008.

338 life insurance companies are licensed to do business in New Hampshire. Over 4,000 people are employed in the life insurance industry in New Hampshire.

New Hampshire Life Insurance Regulations

Title 37 of the New Hampshire Revised Statutes oversees claims procedures and policy requirements. For instance, all consumers are given a 30-day grace period on late premium payments. According to the state’s law life insurance companies cannot cancel the policy due to overdue premiums within this period.

All claims must be settled within 30 days of receipt of proof of death. Any misstatement on a cheap life insurance policy discovered within the first two policy years may result in an investigation by the company that issues the policy. A misstatement of age can be discovered at any point and death benefits will be recalculated.

New Hampshire Health Facts

The state tanks 6th out of 50 for life expectancy. The average life expectancy at birth is 78 years. The data was taken from the American Human Development Report (2008-2009). The total population is 1.300 people. 10% of them are uninsured, and the median annual income is $66,000. More information about state demographics, economy, health costs, and insurance coverage can be found at www.cdc.gov.

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New Hampshire Department of Insurance

21 South Fruit Street

Suite 14

Concord, NH 03301

Web site: http://www.nh.gov/insurance

Phone: (603) 271-2261

Consumer Hotline: (800) 852-3416