Utah Life Insurance

Looking for cheapest life insurance quotes? You’ve come to the right place, SaveOnLifeInsuranceNow.com is your #1 source for all your life insurance needs. There are 485 life insurance companies are licensed to do business in Utah. 15 life insurers are based in the state. The life insurance companies invest approximately $20 billion of their assets in Utah’s economy and employ approximately 7,000 people in Utah.800,000 Utah residents are covered by individual life insurance policies ($220 billion in death benefit coverage). The average coverage amount is $200,000 per policyholder. In 2008, life insurance companies issued individual life insurance policies for $20 billion in coverage. Utah residents were paid $3 billion in the form of death benefits and annuities.

Utah Life Insurance Regulations

Title 36 of the Utah Statutes regulates the claims procedures in Utah. According to the laws, outlined in the Title 36, all Utah life insurance companies provide consumers with a 30-day grace period on late premium payments. All claims procedures must be settled within 2 months. A policy can be canceled by a life insurance company if any consumer misrepresentation on a policy is found within the first two years of the policy, can result in its cancellation. Find cheap life insurance online.

Utah Health Facts

The state ranks 3rd out of 50 for life expectancy. The life expectancy in Utah is 78 years. Main causes of death are cancer and stroke. The data provided by American Human Development Report (2008-2009)

3 million people life in Utah. 14% is uninsured. The average annual income is $58,000. More information about state demographics, economy, health costs, and insurance coverage can be found at www.cdc.gov.

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Utah Department of Insurance

State Office Building, Room 3110

Salt Lake City, Utah 84114

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

Phone: (801) 538-3800

Consumer Hotline: (801) 538->3077