Wyoming Life Insurance

Compare cheap life insurance rates now! There are 426 licensed life insurance companies to do business in Wyoming. Over 1,000 people are employed in the the life insurance industry.

In addition to group coverage (amounts to $9 billion), there are 230,000 individual life insurance policy holders in Wyoming. The state residents have $30 billion in death benefit coverage. The average coverage amount is $110,000 per policyholder. In 2008, the residents of the state were paid $500 million in the form of death benefits, matured endowments, annuities, and other payments in 2008.

Wyoming Life Insurance Regulations

Title 26 of the Wyoming Statutes outlines claims procedures and policy requirements in the state. According to the law, there’s a a 30-day grace period on late premium payments on all Wyoming life insurance policies. In addition, there’s a 10-day free look period when a consumer can cancel the policy and get a full refund. Consumer misrepresentation on a policy or application (e.g. misstatement of age) can result in its cancellation. The insurer won’t be obligated to honor any claims. Compare cheap term life insurance quotes!

Wyoming Health Facts

The state ranks 32nd out of 50 for life expectancy. The life expectancy is 76 years on average. The major causes of death are cancer and stroke. The data provided by American Human Development Report (2008-2009).

The state’s population is 500,000 people, 15% of the are uninsured. The average annual income is $52,000. More information about state demographics, economy, health costs, and insurance coverage can be found at www.cdc.gov.

Browse SaveOnLifeInsuranceNow.com to find cheap life insurance rate quotes from the top carriers in the state.

Wyoming Department of Insurance

106 East 6th Avenue

Cheyenne, Wyoming 82002

Web site: http://insurance.state.wy.us/

Phone: (307) 777-7401

Consumer Hotline: (800) 438-5768 (In-state only)