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. You can find him on Twitter.

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UPDATED: Sep 23, 2020

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Quick Facts

  • Great ratings
  • Indiana has many life insurance companies
  • Find out about State guaranty associations

We offer Indiana residents life insurance from several of the best IN life insurance companies. Life insurance is very similar from state-to-state, with a few exceptions, so your Indiana life insurance rates may vary.

However, this guide should help you understand the differences in Indiana life insurance as well as find resources in your state. We’ll also show you how to get the best life insurance in Indiana. Life insurance companies typically offers term and permanent life insurance.

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

Indiana Life Insurance Quotes

There are several Indiana residents life insurance companies with several A- ratings. 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.

Indiana life insurance also offers residents a 30-day grace period and a timely payment of death benefit claims.

Life Insurance Rates in Indiana

You may be wondering what to expect with Indiana life insurance rates. In the chart below, you’ll find what the best life insurance companies in Indiana charge based on age, marital status, and gender for non-smokers. However, it’s possible that your rates will be different, especially if you smoke.

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You can also see how many life insurance companies there are in Indiana versus the other midwestern states.
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According to the chart, there are 26 Indiana life insurance companies that specifically do business within the state. So, chances are, those 26 companies will offer the best life insurance in Indiana.
That also means more Indiana life insurance policy options for you. Some life insurance companies that are offered in Indiana are Forethought life insurance company and Indiana Farm Bureau insurance company.

Indiana 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 Indiana, 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.

Indiana Life Insurance Contacts

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

Guaranty Association

If you need information about an Indiana life insurance or health insurance guaranty, contact the Indiana Life & Health Insurance Guaranty Association at 1-317-636-8204 or visit the website.

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Insurance Department

For the latest updates from the Indiana Department of Insurance, you can call 1-317-232-2385 or visit the website. Here, you’ll find out everything you need to know about Indiana life insurance beneficiary laws and can access the insurance license lookup in the State of Indiana.

For state employees, this is also your source for the State of Indiana employee health plans and Indiana state employee health insurance 2020 information. From access to information about the Indiana State health plan to the State of Indiana PeopleSoft portal, the Indiana Department of Insurance is your resource.

Indiana Life Insurance Companies

There are other companies in Indiana that offer life insurance. Some of these other companies include Indiana Farm Bureau Company and Forethought Life insurance company of Indiana. 

American General Life Insurance Company

Haven Life / MassMutual

John Hancock Life Insurance Company

Lincoln National Life Insurance Company

Principal Life Insurance Company

Transamerica Life Insurance Companys.

Bottom Line: Indiana Life Insurance Company

Indiana has many life insurance companies that offer affordable rates. Life insurance companies offer a wide range of policies. 

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

Frequently Asked Questions: Indiana Life Insurance Company

#1 – What is State Life Insurance Indiana?

The Indiana-based company offers individual long-term care insurance. The company is one of the oldest mutual companies in the nation and is licensed to do business in the District of Columbia and all states, except Alaska, Hawaii, New York and Wyoming.


  1. https://www.in.gov/idoi/
  2. https://www.inlifega.org