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There are an enormous number of Rhode Island Life Insurance companies wager to quote on your policy. As it's the State with the largest population in the country, there will be no shortage of Rhode Island Life Insurance competition. With this in mind, you should compare as many Rhode Island Life Insurance quotes as possible, so you can make an informed decision and get the best rates. Enter your zip code above to start comparing Rhode Island's leading life insurance providers instantly on your screen with InsureWish.com
Rhode Island Life Insurance
Finding great price on Life Insurance for your family
By comparison shopping with Rhode Island Life Insurance quotes online, you can view life insurance quotes from America's top providers live in minutes. Compare policies & rates & decide which Rhode Island Life Insurance policy suits you best. The whole process will not take very long, it is as simple as filling out one brief form and is certain to save you hundreds of dollars, if not more, on your Rhode Island Life Insurance.
Life Insurance Regulations in Rhode Island
Insurance regulations are different from state to state, and life insurance is not as stringently regulated for it as it is for health and car insurance. However, there are still a number of regulations designed to protect everyone involved in the life insurance industry.
One of these provisions is known as a Free Look. This basically means that anyone who buys and signs a policy is allowed to change their mind after it is signed if they are not happy with the terms. Most companies allow a 20 day period before the consumer is forced into a decision. Ten and thirty day periods are also implemented.
Regarding Death Benefit Processing, the company is forced to pay what is owed to the beneficiary within 60 days of receiving a correctly completed claim. The moment a claim is filed in the state of Rhode Island, the insurance company is charged an interest rate on the money due to the beneficiary. This interest rate will increase after the 60 day period has elapsed if the money is not forthcoming.
Accidental deaths are covered in every Rhode Island life insurance policy, regardless of how quickly this tragic occurrence happens after the policy is signed. However, if the policy holder dies as a result of suicide, then unfortunately the insurance company will not pay out.
The insurance company is protected from fraud by a rule which allows them to check out all application information for a period of no less than two years from when you first submitted the form. If you are found to have lied regarding your health, smoking habits, or dangerous hobbies, then they are entitled to tearing up your application. This is not the case with lying about age. Doing this merely results in your premium rates going up in accordance with the new age.
Rhode Island Life Insurance Resources
The Rhode Island Department of Insurance’s duty is to all those involved in the life insurance industry of Rhode Island. By effectively policing insurance matters, they give greater peace of mind to all concerned.
The Rhode Island Life & Health Insurance Guaranty Association is the friend of all policy holders, ensuring that they will always have life insurance cover, no matter what happens to their respective insurance companies.
InsureWish.com compare life insurance quotes from these Rhode Island cities: Burrillville, Central Falls, Cumberland, Glocester, Coventry, Exeter Providence, New Bedford, Fall River and Scituate.
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