Cheap Life Insurance Quotes
Fort Collins CO

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Average Annual Life Insurance Rates in Colorado

Best Life Insurance Companies, Agents, & Brokers Near Me

Best Cheap Life Insurance Companies in Fort Collins CO

New York Life Insurance Company

3003 E Harmony Rd STE 110, 80528

(970) 266-7520

http://www.newyorklifecolorado.com/

American Income Life Insurance Co

3500 John F Kennedy Pkwy, 80525

(970) 232-3350

https://www.ailife.com/

SmartLife Insurance

1250 E Magnolia St, 80524

(970) 632-2525

https://smartlife-insurance.com/fort-collins-colorado/

Farmers Insurance - Lucas Richmond Agency

343 W Drake Rd #240, 80526

(970) 800-4050

https://agents.farmers.com/co/fort-collins/lucas-richmond

Welsh Insurance Agency, Inc.

4033 Boardwalk Dr #200, 80525

(970) 207-4000

http://www.nocoinsurance.com/

Farmers Insurance - Cherlynn Ryk

2850 McClelland Dr Suite 3000 D, 80525

(970) 484-5742

https://agents.farmers.com/co/fort-collins/cherlynn-ryk

Compare Life Insurance Policies in Fort Collins CO

Are you looking for life insurance in Fort Collins, CO? Colorado requires life insurance companies to provide policyholders with certain important rights and protections, including:

A right to know about the coverage you're being offered. Life insurance companies must give you a written summary of their life insurance policies' key features. This summary must explain the benefits, costs, terms, and conditions of the policy in language that is easy to understand.
A right to know about your right to cancel. You have a right to cancel your life insurance policy within 10 days after you receive the policy or any amendments to it. If you cancel, the insurance company must refund all premiums paid.
A free look period. Colorado law gives you a 20-day free look period after you receive your life insurance policy. During this time, you can review the policy and decide whether or not you want to keep it. If you decide to cancel the policy, the insurance company must refund all premiums paid.
A right to know about changes to your policy. If your life insurance policy is changed in any way, the insurance company must notify you in writing at least 20 days before the change takes effect.
A right to continue your coverage. Colorado law requires life insurance companies to offer you the option to continue your coverage if you leave your job or retire. You may have to pay a higher premium for this continued coverage, but you cannot be denied coverage due to your age or health.
A right to cash in your policy. Colorado law requires life insurance companies to allow you to cash in your life insurance policy for its full value if you become seriously ill and are not expected to live for more than two years.
A right to have your claims paid promptly. Colorado law requires life insurance companies to pay valid claims within 30 days after they receive all the required information.
A right to sue for bad faith. Colorado law allows you to sue a life insurance company if it refuses to pay a valid claim without a good reason.

life insurance companies Fort Collins CO

Term Life Insurance Fort Collins, CO

Here’s some information about getting Term Life Insurance in Fort Collins, CO. Colorado law requires all life insurance policies to have a conversion option that allows you to convert your term life insurance policy to a permanent life insurance policy without having to prove your insurability. This conversion option must be offered to you:

At the end of the initial term of your policy;
When you reach the age of 70; or
Upon the occurrence of any other event that is specified in your policy.

Colorado law also requires all life insurance policies to have a nonforfeiture option that allows you to continue your coverage even if you stop paying premiums. This nonforfeiture option must be offered to you:

At the end of the initial term of your policy; or
Upon the occurrence of any other event that is specified in your policy.

Colorado law requires all life insurance policies to have a free look provision that allows you to review your policy and decide whether or not you want to keep it. If you decide to cancel the policy, the insurance company must refund all premiums paid.

Whole Life Insurance

There’re some requirements for Whole life insurance in Fort Collins, CO. Colorado law requires all whole life insurance policies to have a cash value that grows over time. The cash value of your policy can be used to:

Pay premiums;
Access funds through a loan; or
Cash in the policy for its full value.

Colorado law also requires all whole life insurance policies to have a nonforfeiture option that allows you to continue your coverage even if you stop paying premiums. This nonforfeiture option must be offered to you:

At the end of the initial term of your policy; or
Upon the occurrence of any other event that is specified in your policy.

Colorado law requires all whole life insurance policies to have a free look provision that allows you to review your policy and decide whether or not you want to keep it. If you decide to cancel the policy, the insurance company must refund all premiums paid.

Medical Exam vs No Medical Exam

Do you need a medical exam in Fort Collins, CO? Colorado law does not require insurers to offer a medical exam for life insurance policies. However, most life insurance companies will require you to take a medical exam if you are applying for a policy with a death benefit of $250,000 or more. If you are required to take a medical exam, the life insurance company will pay for the cost of the exam.

If you are applying for a life insurance policy with a death benefit of less than $250,000, you may be able to find a policy that does not require a medical exam. These types of policies, called no medical exam life insurance policies, typically have higher premiums than policies that require a medical exam.

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The materials on this website have been created for informational purposes only and are not intended as legal advice. The law changes frequently and the information may not be complete or correct depending on a number of factors.