Kentucky Life Insurance [2024]

Our guide should help you understand the differences in Kentucky life insurance as well as find resources in your state. We’ll also show you how to get the best life insurance in Kentucky.

UPDATED: Sep 19, 2024Fact Checked

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Written by:

Justin Wright

Licensed Insurance Agent

Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...

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Written by Justin Wright

Licensed Insurance Agent

Reviewed by:

Kalyn Johnson

Insurance Claims Support & Sr. Adjuster

Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...

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Reviewed by Kalyn Johnson

Insurance Claims Support & Sr. Adjuster

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UPDATED: Sep 19, 2024

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Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.

Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

UPDATED: Sep 19, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right life insurance coverage choices.

How to Get Kentucky Life Insurance Quotes

We offer Kentucky residents life insurance from several A-rated life insurance companies. Life insurance is very similar from state to state, with a few exceptions. This guide should help you understand the differences as well as find resources in your state.

Policy Cost – The premium (cost) you pay for your life insurance policy does not vary by state. It is the same regardless of which state you live in. Premiums are set by life insurance companies and then approved by the State Insurance Department.

Company Availability – Not all companies are available in every state. For example, if a life insurance company has not filed its product or rates with your State Insurance Department, that company won’t be available in your state. Company availability changes often due to new filings.

Product Availability – There are instances where life insurance companies offer only specific products or riders in a state. For example, a company may offer a child insurance rider on their policy, but the feature may not be available in all states. These exclusions can be viewed by clicking on the life insurance companies in the list below.

Read More: The Cost of Life Insurance

Kentucky life insurance also offers residents a 10-30-day free look period and a 30-day grace period.

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What are the life insurance rates in Kentucky?

Let’s take a look at what the best life insurance companies charge. This will give you an idea of what to expect with Kentucky life insurance rates. In the first chart below, you’ll notice the average annual rates for non-smokers based on age, marital status, and gender.

Now, take a look at the average annual rates for smokers based on age, marital status, and gender. As you can see, the Kentucky life insurance quotes are much higher, presumably because of the higher mortality risk.

You can also see how many life insurance companies there are in Kentucky versus the other southern states.

According to the chart, there are six Kentucky life insurance companies that specifically do business within the state. However, that doesn’t mean less Kentucky life insurance policy options for you.

What is the Kentucky Guaranty Association?

State guaranty associations are committed to protecting resident policyholders and beneficiaries in the event of an insurance company insolvency. The association is made up of all insurance companies licensed to sell life insurance, health insurance and annuities in the state. If an insurance company becomes insolvent (goes out of business), the association steps in to protect policyholders by continuing coverage and paying claims, up to defined limits.

In Kentucky, a life insurance policy is protected up to $300,000. This amount is the maximum benefit provided for anyone life. In other words, multiple policies on any one person are limited to this amount.

What are the necessary Kentucky life insurance contacts?

Here is a list of all the necessary state contacts for residents with Kentucky life insurance claims and other related matters.

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Guaranty Association

If you need information about a Kentucky life insurance or health insurance guaranty, contact the Kentucky Life & Health Insurance Guaranty Association at 1-502-895-5915 or visit the website.

Insurance Department

For the latest updates and information about insurance in Kentucky, call the Kentucky Department of Insurance phone number at 1-877-587-7222 or visit the website and click on the Kentucky Department of Insurance Contact Us page. Here, you’ll find the answers to all your questions about Kentucky employee life insurance and Kentucky state health insurance.

State employees can also obtain up-to-date information about their KY state employee life insurance and lookup an agent or provider’s Kentucky insurance renewal compliance information here as well.