Purchasing Missouri Life Insurance 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. Missouri Life Insurance at its most basic level is a contract between you and a life insurance company to pay a sum of money to your beneficiaries in the event of your death, to cover expenses and make up for the lack of your income.

Why Do I Need Missouri Life Insurance?

You may wonder why you even need Missouri Life Insurance? Take a look at these figures.

Missouri is ranked 38th out of 50 states and the District of Columbia in Life Expectancy, with a life expectancy of 75.9 years. For every 100,000 people in Missouri, 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 2,200, and at 75 to 84 nearly 6,000 Missourians die for every 100,000 residing in the state. More on mortality by age, sex and race, and the leading causes of death in Missouri can be found at: http://www.cdc.gov/nchs/pressroom/data/Missouri09.pdf

For more reasons why you should apply for Missouri Life Insurance, and for help in finding the best kind of life insurance for your needs, at the best value, take a look at our Family Guide to Life Insurance.

Missouri Life Insurance Specifics

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

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

The Missouri Life Insurance state regulations have also been designed to protect Missouri life insurance companies against obvious cases of consumer or insurance fraud. You cannot knowingly make misstatements on your Missouri Life Insurance application. Missouri Life 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 you may be subject to criminal charges or other penalties.

Missouri Life Insurance State Resources

Missouri 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.
http://www.insurance.mo.gov/

Missouri Life & Health Insurance Guaranty Association - State guaranty associations are there to provide protection and continuing Missouri Life Insurance coverage, even in the event that a life insurance company becomes insolvent.
http://www.mo-iga.org/

Missouri Life Insurance Company Ratings - These companies provide ratings for Missouri Life Insurance Companies based on financial strength and past performance.
http://www.ambest.com/
http://www2.standardandpoors.com
http://www.moodys.com/cust/default_alt.asp