Life insurance is a contract between you and an insurance company and is a way to protect your family in case of your death, by providing funds to pay outstanding bills, taxes and income loss. Under a Term Life contract, the insurance company promises to pay your beneficiaries a sum of money in the event that you die within a period of time defined in the contract (such as 5, 10, 15, 20 or 30 years). Under a Permanent Life contract, a portion of the money you pay in premiums is invested in a fund that earns interest on a tax-deferred basis. Over time, your policy will accumulate a “cash value” that you can use. For instance, you can borrow against the value of your policy. Moreover, you can design a Permanent Life contract that will accumulate enough cash so as to be “paid up” by a certain age (e.g., “Paid Up Age 65”). To learn more, you can get Arkansas Term and Universal Life Insurance
Arkansas Department of Insurance: : The state insurance department website includes consumer and licensee resources including a listing of all licensed life insurance agents and companies which make up the industry.
Department of Insurance
Arkansas Life & Health Insurance Guaranty Fund – The state life insurance guaranty association works to guarantee the safety of all coverage, even in the event that an insurance company becomes insolvent.
Life Insurance Guaranty Association
Arkansas Company Ratings: AM Best is the most prominent ratings company reviewing Arkansas Insurance Companies that sell life products based on their ability to pay claims. At Life Insurance.Net we work only with A and A+ rated life insurance companies..
Here is a complete list of the State Departments of Insurance
Learn more about our wonderful state. Check out Netstate’s Arkansas State Almanac
Our life insurance agents serve all communities in Arkansas including:
- Little Rock
- Fort Smith