Purchasing a life policy in Indiana today is the smartest move you can make to be sure that your loved ones will always be protected, even if you are not there to take care of them. Nobody wants to think of his or her own death, or the death of a loved one. But just take a moment to think, “How would I provide for my family if I was out of the picture?” 

Why Do You Need It?

Take a look at these figures.

Indiana is ranked 37th out of 50 states and the District of Columbia in Life Expectancy, with an average life expectancy of 76.1 years.  For every 100,000 people in Indiana, almost 1,000 between the ages of 55 and 64 pass away every year. Between the ages of 65 and 74, that number more than doubles to 2,400, and at 75 to 84 nearly 6,000 Indianans die for every 100,000 residing in the state. More on mortality by age, sex and race, and the leading causes of death in Indiana can be found at: http://www.cdc.gov/nchs/pressroom/data/Indiana09.pdf

For more reasons why you should apply for a Life policy in Indiana, and for help in finding the right type of coverage for your needs, at the best value, take a look at our section called "Most Important Questions"

Indiana Specifics

The insurance industry in Indiana is regulated by specified title of The State Insurance Code of Indiana. The state uses this code to regulate claims and provide certain provisions to protect consumers, such as:

Death Benefit Processing: As a resident of the State of Indiana and beneficiary of a policy, it is your right as recognized by the State Code to a swift and reasonable payment of death benefits. Insurance companies are required to process any claim as soon as possible, and that should never be longer than 30 days – so long as all documentation is in order.

Grace Period: You have 30 days to bring your premiums current if you have missed a payment, and not lose your benefits. This is known as a grace period and is a provision of The Indiana State insurance code.

The state regulations in Indiana have also been designed to protect the insurance companies against obvious cases of consumer or insurance fraud. You cannot knowingly make misstatements on your application. Insurance companies have up to 2 years to dispute such statements. If they find any discrepancies or misinformation, they can terminate the policy immediately, and in addition you may be subject to criminal charges or other penalties.

 Indiana State Resources

Indiana Department of Insurance  - The purpose of the Department of Insurance is to faithfully execute the state insurance laws in a manner that protects insurance consumers and the insurance industry.
http://www.in.gov/idoi/

Indiana Life & Health Insurance Protection Association - State guaranty associations are there to provide protection and continuing coverage, even in the event that aan insurance company becomes insolvent.
http://www.inlifega.org/

Indiana Company Ratings - These companies provide ratings for Insurance Companies based on financial strength and past performance
http://www.ambest.com/  
http://www2.standardandpoors.com