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

Life Insurance for as Little as $20/Month?

Premiums can vary by as much as 50% for the same coverage and options, so it pays to get quotes from as many reputable insurers as possible. Us our quick 60-second quote form to find the coverage that's right for you, and a monthly premium that you can afford. Click here to get your fast free quote

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 Insured Street now.
If you are not sure about what type of life coverage you want, you can also try InsureME. 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 Insured Street
(for Kansas term life insurance), or InsureME.
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.