Kansas Life Insurance

Kansas life insurance laws deal primarily with claims issues. However, familiarizing yourself with some basic regulations is still key to making wise coverage decisions.

This page:

  • Briefly describes Kansas life insurance regulations.

  • Explains the protection of the Kansas Guaranty Association.

  • Links to more information about life insurance in Kansas

Premiums can vary by as much as 50%. Visit Netquote, where you can fill out a short form, select a plan, and input your personal data for a true personalized quote in minutes. Click here to start.

Use Insurecom to compare additional term life and whole life quotes, and get expert advice from an agent in your area, who can help you design a plan that's right for you. Click here to fill out a quick form.

Kansas life insurance rights and regulations

The insurance industry in the State of Kansas is regulated under Chapter 40 of the Kansas Statutes. Under this chapter, claims procedures and policy requirements are overseen by the state in order to protect you, the consumer.

One such protection lies in the required 30-day grace period for late payments, which all Kansas life insurance companies allow. A life policy cannot be cancelled for the first 30 days late, and it will continue without interruption upon receipt of the late payment.

However, the statues provide some protections for insurers, too. Misstatements about medical history can be grounds for policy cancellation (and the refund of paid premiums). However, if the insured's age is misstated, the company will usually simply recalculate the benefits based on the correct age.

In Kansas, death by suicide is generally not covered during the first two years of a life insurance policy. Any such claim will only result in a refund of premiums.

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If you are ready to apply for a Kansas term life insurance policy, or if you just want a quick online quote, visit Netquote now.
If you are not sure about what type of life coverage you want, you can also try Insurecom. They will put you in touch with agents who can answer any questions that you might have.

The Kansas Life Insurance Guaranty Association

Most Kansas life insurance policyholders are offered some guarantee of protection by the Kansas Life and Health Insurance Guaranty Association. This organization helps cover policies in the event of an insurance company insolvency.

However, there are some restrictions on this protection. In Kansas, the compensation for lost death benefit proceeds may not exceed $300,000 per insured individual, and the net cash withdrawal cannot exceed $100,000. These limits stand even if an insured owns multiple policies with higher total coverage amounts.

And, to qualify for protection under the association, your insurance company must be licensed in the state of Kansas. You can check your insurer's status with the Kansas Insurance Department at 785-296-3071.

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Apply for a quote with confidence at Netquote
(for Kansas term life insurance), or Insurecom.
Your insurer will be licensed in Kansas.

More KS life insurance help

If you want more help getting the best value on your KS life insurance policy, start with our guide to term life insurance or sign-up for our free life insurance course (see below).

To find out more about KS life insurance laws and regulations, visit the state's official website at the Kansas Department of Commerce and Consumer Affairs, Insurance Division.

For more help . . .

Getting the lowest possible premium on your life insurance is almost like an art form. There are many variables to consider, and to get the right balance of term length, benefit amounts, and policy riders and illustrations, you need to take a careful step-by-step approach to the buying process.

Our free life insurance course is designed to help you do just that.

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