Washington Life Insurance

Buying Washington Life Insurance can be a little awkward. 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 were out of the picture?”  The answer is Washington Life Insurance. Purchasing Washington 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.

Why Do I Need Washington Life Insurance?

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

Washington is ranked 13th out of 50 states and the District of Columbia in Life Expectancy, with a life expectancy of 78.2 years.  For every 100,000 people in Washington, over 100 between the ages of 55 and 64 pass away every year. Between the ages of 65 and 74, that number more than doubles to over 2,000, and at 75 to 84 over 6,000 residents of Washington State die for every 100,000 living there. More on mortality by age, sex and race, and the leading causes of death in Washington can be found at:
http://www.cdc.gov/nchs/pressroom/data/Washington09.pdf

For more reasons why you should apply for Washington 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.

Washington Life Insurance Specifics

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

Processing of Death Benefits: The Washington Life Insurance regulators understand that grieving families are entitled to a swift resolution of death benefit clams. All Washington Life Insurance companies are required to process death claims promptly under the State Code. As long as all of the paper work is in order, beneficiaries can expect payment of a death benefit within 60 days. On all Washington State Life Insurance policy death benefits begin earning interest at the date of death, and continue until the final claim is settled. 

The Washington Life Insurance state regulations also provide some protections to the life insurance companies against consumer fraud. For example, Washington life insurance companies may challenge any information you reported on your Washington Life Insurance application for up to two years from the effective date of the policy. If they find any discrepancies or misinformation, they can terminate the policy immediately.

Washington Life Insurance State Resources

Washington 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 Washington Life Insurance industry.
http://www.insurance.wa.gov/

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

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