Missouri Life Insurance Resources
When you apply for a large amount of Missouri Term and Universal Life Insurance—typically considered a jumbo case—you will usually need to provide some personal financial information. A jumbo case is different from insurer to insurer. It can be as small as $1 million or may need to reach $5 million before being considered a jumbo case. In a process called underwriting, the insurance will review an applicant’s medical history, family history, smoking status, driving record, alcohol or drug use, hazardous sports or hobbies, foreign travel, and residency. These factors together determine actual premium costs for the policy.
Missouri Department of Insurance: The purpose of the Department of Insurance is to faithfully execute the state insurance laws in a manner that protects insurance consumers.
Missouri Life & Health Insurance Guaranty Association: The state life insurance guaranty association works to guarantee the safety of all Missouri Life Insurance coverage, even in the face of an insolvency by a member life insurance company.