Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites.

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UPDATED: Oct 30, 2020

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We offer Colorado residents life insurance from several of the best CO life insurance companies. Life insurance is very similar from state-to-state, with a few exceptions, so expect your Colorado life insurance rates to differ.

However, this guide should help you understand the differences in Colorado life insurance as well as find resources in your state. We’ll also show you how to get the best life insurance in Colorado.

Before we dive into this guide, find affordable Colorado life insurance rates by clicking on our FREE quote tool above. Get started now.

Table of Contents

Colorado Life Insurance Quotes

We offer Colorado residents life insurance from several A-rated life insurance companies. Life insurance is very similar from state to state, with a few exceptions. This guide should help you understand the differences as well as find resources in your state.

Policy Cost – The premium (cost) you pay for your life insurance policy does not vary by state. It is the same regardless of which state you live in. Premiums are set by life insurance companies then approved by the State Insurance Department.

Company Availability – Not all companies are available in every state. For example, if a life insurance company has not filed its product or rates with your State Insurance Department, that company won’t be available in your state. Company availability changes often due to new filings.

Product Availability – There are instances where life insurance companies offer only specific products or riders in a state. For example, a company may offer a child insurance rider on their policy, but the feature may not be available in all states. These exclusions can be viewed by clicking on the life insurance companies in the list below.

Colorado life insurance also offers residents a 30-day grace period, free look period up to 30 days, a death benefit guarantee up to $300,000, and a timely payment.

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Life Insurance Rates in Colorado

Let’s take a look at what the best life insurance companies charge. This will give you an idea of what to expect with Colorado life insurance rates. In the first chart below, you’ll notice the average annual rates for non-smokers based on age, marital status, and gender. 

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Now, take a look at the average annual rates for smokers based on age, marital status, and gender. As you can see, the Colorado life insurance quotes are much higher, presumably because of the higher mortality risk.

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You can also see how many life insurance companies there are in Colorado versus the other western states.

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According to the chart, there are 10 Colorado life insurance companies that specifically do business within the state. However, that doesn’t mean less Colorado life insurance policy options for you. Click our free quote tool on this page to find out exactly who will offer you the best Colorado life insurance rate.

Colorado Guaranty Association

State guaranty associations are committed to protecting resident policyholders and beneficiaries in the event of an insurance company insolvency. The association is made up of all insurance companies licensed to sell life insurance, health insurance and annuities in the state. If an insurance company becomes insolvent (goes out of business), the association steps in to protect policyholders by continuing coverage and paying claims, up to defined limits.

In Colorado, a life insurance policy is protected up to $300,000. This amount is the maximum benefit provided for any one life. In other words, multiple policies on any one person are limited to this amount.

Colorado Life Insurance Contacts

Here is a list of all the necessary state contacts for residents with Colorado life insurance claims and other related matters.

Guaranty Association

If you need information about Colorado life insurance or Colorado disability insurance, contact the Life & Health Insurance Protection Association at 1-303-292-5022 or visit the website.

Insurance Department

The Colorado Department of Insurance is called the Colorado Division of Insurance. You contact them at 1-800-886-7675 or visit the website. Michael Conway was confirmed the Colorado Insurance Commissioner in January 2019.

You can also access the Colorado life insurance license lookup here.

Legal Info

QuickQuote is licensed to sell life insurance in Colorado under Agency License Number 81816.

The licensed company principal is Tim Bain, Agent License Number 120001.

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Colorado Life Insurance Companies

American General Life Insurance Company

Banner Life Insurance Company

Fidelity Life Association

Haven Life / MassMutual

John Hancock Life Insurance Company

Lincoln National Life Insurance Company

Metlife Life Insurance Company

North American Company for Life & Health Insurance

Pacific Life & Annuity Company

Principal Life Insurance Company

Protective Life Insurance Company

Pruco Life Insurance Company (Prudential)

Sagicor Life Insurance Company

The Savings Bank Life Insurance Company of Massachusetts (SBLI)

Transamerica Life Insurance Company

United of Omaha Life Insurance Company

Don’t wait — Use our free quote tool to get affordable life insurance rates in Colorado. Get started now.