West Virginia Life Insurance

SaveOnLifeInsuranceNow.com offers cheap life insurance quotes in all 50 states nationwide. There are 469 licensed life insurers in West Virginia. The life insurance industry creates 3,000 jobs in West Virginia. The life insurers invest approximately $16 billion of their assets in West Virginia’s economy.

West Virginia residents own 1 million individual life insurance policies and have $90 billion in death benefit coverage. The average coverage is $50,000 per policyholder. In 2008, individual life insurance coverage bought in West Virginia totaled $5 billion. West Virginia residents were paid $3 billion in the form of death benefits and annuities. Find cheap life insurance quotes online.

West Virginia Life Insurance Regulations

Title 39 of the West Virginia Revised Code regulates procedures and policy requirements in the state. According to the law, all West Virginia life insurance policies have 31 days grace period on late premium payments and 10 days free look period. All claims should be settled in a timely manner (2 months).

West Virginia Health Facts

The life expectancy is 76 years in WV. The data provided by American Human Development Report (2008-2009)

2 million people live in WV. 15% of population is uninsured. The median annual income is $40,000. More information about state demographics, economy, health costs, and insurance coverage can be found at www.cdc.gov.

SaveOnLifeInsuranceNow.com provides consumers with cheap life insurance quotes online.

West Virginia Department of Insurance

1124 Smith Street

P.O. Box 50540

Charleston, West Virginia 25305-0540

Web site: www.wvinsurance.gov

Phone: (304) 558-3029

Consumer Hotlines: (304) 558-3386