Washington Life Insurance

Compare low cost life insurance quotes at SaveOnLifeInsuranceNow.com. There are 451 life insurance companies licensed to issue life insurance policies in Washington. 10 life insurers are domiciled in the state. About 14,000 people are employed in the life insurance industry. Get cheap life insurance quote in WA.

Washington State residents are covered by 2 million individual life insurance policies and group life insurance coverage (amounts to $200 billion. The average coverage amount is $160,000 per person. Washington residents have $500 billion in death benefit coverage. Washington residents were paid $8 billion in the form of death benefits, annuities, and other payments in 2008.

Washington Life Insurance Regulations

Title 48 of the Washington Code regulates the insurance industry in Washington. These codes outline policy requirements for consumers and life insurers licensed to do business in the state. In Washington, life insurance companies are obligated provide consumers with 10-days free look period, 30 days grace period, and must settle claims in a timely manner. Any misrepresentation on a policy by consumer will lead to a policy cancellation, if discovered within the first two years of the policy. A misstatement of age will results in the reduction of death benefits.

Washington Health Facts

The life expectancy at birth is 78 years and the state ranks 13th our of 50 for life expectancy. The data provided by American Human Development Report (2008-2009).

6.5 million people live in Washington, and 13% of them are 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.

SaveOnLifeInsuranceNow.com will help you find low cost life insurance quote in Washington.

Washington Department of Insurance

5000 Capitol Blvd

Tumwater, Washington 98501

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

Phone: (360) 725-7000

Consumer Insurance Hotline: (800) 562-6900 toll-free nationwide