Life insurance may be the most important purchase you can make for your family. When you buy California life insurance, you want to make sure you understand the laws that protect you and your family and that you find the best rate.
Laws that Protect You and Your Family
If you buy a term life insurance policy in California, the following laws apply:
* The policy does not cover suicide for the first two years of coverage. However, the beneficiaries do receive a refund of all the premiums paid during that two-year period.
* If you lie on your application, the company may deny you coverage.
* You get a free ten-day trial period when you buy life insurance. Some companies even give 30 days.
* The insurance company has 30 days after proof of death to settle a claim. After that, interest may start accruing.
* If your payment is late, you have a 30-day grace period before your policy is canceled.
* If you choose a company based in California and they declare bankruptcy, you can receive up to $250,000 in death benefits from the California Life and Health Insurance Guarantee Association.
Getting the Best Rate on Your Life Insurance
When you decide to buy a policy you want to make sure you're getting the best rate possible, as rates can vary widely from one company to another.
The number-one way to ensure you are getting the best rate is to visit an insurance comparison website. Insurance comparison websites let you get fast quotes from several A+ rated companies at one time – and you only have to fill out one simple online form.
On the best comparison websites you can also talk with insurance professionals and get answers to your questions and advice on how to save on your premium (see link below).
Visit http://www.LowerRateQuotes.com/life-insurance.html or click on the following link to
get California life insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section.
The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on California life insurance.
