Affordable Alaska Life Insurance In USA Top Prices

Alaska is the only state in the country that does not collect sales tax or levy an individual state income tax. Alaska has over 3 million lakes, and most of them don't even have an official name due to the sheer number. Like most other states, however, it is smart for people living in Alaska to look into purchasing life insurance. Here are some things that you need to know about life insurance coverage in Alaska.

Title 21 of the Alaska statutes regulate life insurance companies and Alaska. Through Title 21, residents of Alaska get strong protection regarding life insurance ownership. People living in the state are allowed 30 days after a missed premium payment or after a policy is void with the life insurance policy remaining active for the policyholder. In cases where the policyholder dies within this period, insurance coverage is still valid, and beneficiaries will still be paid the death benefit.

Also, people living in Alaska are also able to return their policy. Returning an insurance policy can be done within ten days after the policy is delivered, no matter which insurance company in Alaska issues the policy. The owner of the policy is entitled to a full refund of any premiums that have been paid. However, after the policy has been "free looked"(returned,) benefits will not be paid on the policy.

Lastly, if your insurer(s) become(s) insolvent, your death benefit is still guaranteed by the Alaskan Life and Health Insurance Guaranty Association. This protection is for up to $300,000 in death benefit and $100,000 in policy cash value.

Getting your life insurance allows you to not only take advantage of these benefits, but also get the best rates possible on your life insurance policy. Contact us for free quotes today.

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