Wyoming Life Insurance

Have you ever just taken a moment to think, “How would I provide for my family if I were out of the picture?”  The answer is Wyoming Life Insurance. Purchasing Wyoming 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.

When searching for Wyoming Life Insurance you have the option of Term Life insurance, or Permanent Wyoming Life insurance. You can find out more about which is right for you by accessing our Term vs. Permanent Life Insurance information page.

When shopping for Wyoming Life Insurance you need to be aware that there are certain provisions that vary from state to state, and the Wyoming State Department t of Insurance does issue regulations for Wyoming Life Insurance policies pertaining to free-look time frames, illustration requirements, underwriting, and medical exam requirements.

Why Do I Need Wyoming Life Insurance?

You may wonder why do I even need Wyoming Life Insurance? Take a look at these figures.

Wyoming is ranked 32nd out of 50 states and the District of Columbia in Life Expectancy, with a life expectancy of 76.7 years. Upon closer examination of Wyoming mortality figures we find that for every 100,000 people in Wyoming, over 900 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 2000, and at 75 to 84 well over 5000 Wyoming residents die for every 100,000 living in the state. More on mortality by age, sex and race, and the leading causes of death in Wyoming can be found at: http://www.cdc.gov/nchs/pressroom/data/Wyoming09.pdf

For more reasons why you should apply for Wyoming 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.

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Wyoming Life Insurance Specifics

Like most states, Wyoming’s Department of Insurance relies on The State Insurance Code of Wyoming to standardize Life Insurance polices to some degree. The state uses this code to regulate claims and provide certain provisions to protect Wyoming Life Insurance consumers. Such as:
Death Benefit Processing: In Wyoming your beneficiaries are entailed to swift and efficient payment of death benefits. If all documentation is in order the norm is within 30 days. The State Code also provides for Wyoming Life Insurance companies to pay interest on death benefits. With a Wyoming Life Insurance policy, interest begins to be applied to a death benefit as soon a claim is filed. If your Wyoming Life Insurance Company fails to pay the claim within 30 days, the interest rate may increase on the 31st day. 
Grace Period: The Wyoming State insurance code also requires that all Wyoming Life Insurance companies allow a 30-day grace period on late payments. You can be confident that no matter why you are late, the insurance company must  -by law - give you 30 days to bring the account current before the insurer can cancel the policy for non-payment.

State regulations also provide some protections to Wyoming Life Insurance companies against potential insurance fraud. A Wyoming life insurance company may dispute any information you may have put in your Wyoming Life Insurance application for up to two years from issuance of the policy. If they find any discrepancies, especially as relates to medical conditions, dangerous lifestyle or job related activities, or tobacco use -they can terminate the policy immediately.

Wyoming Life Insurance State Resources

Wyoming 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 Wyoming Life Insurance industry. 
http://insurance.state.wy.us/

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

Wyoming Life Insurance Company Ratings - These companies provide ratings for Wyoming 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/