Alabama Life Insurance | AL Life Insurance Quotes
Alabama life insurance offers residents a free look period and a 30-day grace period. Get affordable AL life insurance quotes to protect your loved ones.
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UPDATED: Sep 6, 2020
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We offer Alabama residents life insurance from several of the best AL life insurance companies. Life insurance is very similar from state-to-state, with a few exceptions, so your Alabama life insurance rates may vary.
However, this guide should help you understand the differences in Alabama life insurance as well as find resources in your state. We’ll also show you how to get the best life insurance in Alabama.
Before we dive into this guide, find affordable Alabama life insurance rates by clicking on our FREE quote tool above. Get started now.
Alabama Life Insurance Quotes
We offer Alabama 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.
Alabama life insurance also offers residents a free look period and a 30-day grace period.
Life Insurance Rates in Alabama
For a ballpark figure of what Alabama life insurance rates look like, check out the chart below to see what the top life insurance companies charge based on age, marital status, and gender for both smokers and non-smokers. Your Alabama life insurance quotes may be different, especially if you smoke.
Also keep in mind that when it comes to Alabama life insurance policies, term life is generally cheaper than whole life insurance policies. So, if you want an AL whole life policy, you can expect to pay more.
In this next chart, you can also see how many Alabama life insurance companies there are in comparison to other southern states.
As you can see in the above chart, seven life insurance companies operate specifically in the state of Alabama.
By using our free quote comparison tool on this page, you can save money and get access to the best Alabama life insurance, whether they operated specifically in the state or not.
Alabama 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 Alabama, 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.
Alabama Life Insurance Contacts
Here is a list of all the necessary state contacts for residents with Alabama life insurance claims and other related matters.
If you need information about Alabama life insurance or Alabama disability insurance, contact the Alabama Life & Disability Insurance Guaranty Association at 1-205-879-2202 or visit the website.
For the latest updates from the Alabama Department of Insurance, you can visit the website or call the office. The Alabama Department of Insurance’s phone number is 1-334-269-3550.
You can also obtain up-to-date information on the Alabama Department of Insurance Regulations and lookup life insurance agents in the State of Alabama here.
QuickQuote is licensed to sell life insurance in Alabama under Agency License Number 0416407.
The licensed company principal is Tim Bain, Agent License Number 0167688.
Alabama Life Insurance Companies
Don’t wait — Use our free quote tool to get affordable life insurance rates in Alabama. Get started now.