Life Insurance in Florida

 In these dangerous times when sicknesses can happen at any time or where unfortunate events happen, it is vital that you have financial security for you and your family through insurance. However, the process of getting insurance is very long and tedious. You will need to review a couple of quotes from a variety of companies before deciding on which insurance policy you want to take. Fortunately getting life insurance in Florida is very straightforward.

 

Consider these figures: Florida residents have an average life expectancy of 77.6 years and people between the ages of 55 and 64 die every year. The leading causes of death in this state include heart disease, cancer, stroke, chronic lower respiratory diseases, accidents, diabetes, Alzheimer's disease, influenza, pneumonia, kidney diseases, and septicemia.

 

The Specifics of Life Insurance in Florida


A particular title of the State Insurance Code of Florida regulates the insurance industry of Florida. The state of Florida uses this to enforce certain provisions and regulate claims to protect the consumers and clients of Florida. Examples of this are:

    1. Grace Period. In the state of Florida if you miss the monthly payment, you don't have to cancel your insurance policy. You can follow-up on your payment as long as your account is still current within 30 days. This is aptly referred to as the grace period. 

         2. A Free Look - When you have seen all that you have seen and reviewed all the                  quotes that you would like to review but still you can't make up your mind, the life                  insurance in Florida offers a free look provision. This gives you time to rethink of your           needs and cancel the policy even after you have signed the contract. There are some          cases which allow you to cancel the policy within 10 days without penalty. However              there are some insurance companies which allow you to go for up to 30 days and                 then receive the refund in full.

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