Pennsylvania Life Insurance [2024]
insurance in Pennsylvania offers residents a 10-day free look period, 30-day grace period, and a guaranteed death benefit up to $300,000. At least 22 top-rated companies offer Pennsylvania insurance policies.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
UPDATED: Feb 27, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
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: Feb 27, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
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.
On This Page
We offer Pennsylvania life insurance advice and quotes from several of the best PA life insurance companies. Life is very similar state-to-state, including term life insurance, so keep that in mind while shopping for life insurance in Pennsylvania.
This guide should help you understand the differences in Pennsylvania life insurance as well as find life insurance resources in PA. We’ll also show you how to get the best life insurance in Pennsylvania.
Before we dive into this guide, find affordable Pennsylvania life insurance rates by clicking on our FREE quote tool above. Get started now.
Where can I find Pennsylvania life insurance quotes?
We offer Pennsylvania residents life insurance from several A-rated life insurance companies. We always suggest the top life insurance company ratings.
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 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. You shouldn’t have any problem finding basic policies like term life insurance or whole life insurance.
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What are the benefits of Pennsylvania life insurance?
Pennsylvania life insurance offers residents a 10-day free look period, 30-day grace period, and a guaranteed death benefit up to $300,000.
A 10-day free look period allows prospective policyholders more time to review their policy before committing to anything. This prevents life insurance agents from ripping you off.
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The 30-day grace period for PA life insurance is legally required in the event that a policyholder misses a payment. This makes committing to life insurance in PA a little less intimidating than some other states.
What are common life insurance rates in Pennsylvania?
You may be wondering what to expect with Pennsylvania life insurance rates. In the chart below, you’ll find what the best life insurance companies in Pennsylvania charge based on age, marital status, and gender for non-smokers. However, it’s possible that your rates will be different, especially if you smoke.
You can also see how many life insurance companies there are in Pennsylvania versus the other northeastern states.
According to the chart, there are 22 Pennsylvania life insurance companies that specifically do business within the state. So, chances are, those 22 companies will offer the best life insurance in Pennsylvania.
That also means more Pennsylvania life insurance policy options for you. Our free quote tool can help you find out exactly what your PA life insurance quotes will be. Which life insurance company is best for you?
What is the Pennsylvania Guaranty Association?
State guaranty associations are committed to protecting resident policyholders and beneficiaries in the event of an insurance company’s insolvency. The association is made up of all insurance companies licensed to sell life insurance, health care insurance, and annuities in the state. (For more information, read our “How to Sell Your Life Insurance Policy“).
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 Pennsylvania, a life insurance policy is protected up to $300,000. This amount is the maximum benefit provided for any one life. In other words, multiple policies on any one person are limited to this amount.
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What are some Pennsylvania life insurance contacts?
Here is a list of all the necessary state contacts for residents with Pennsylvania life insurance claims and other related matters.
Pennsylvania Life & Health Insurance Guaranty Association
If you need information about a Pennsylvania life insurance or health insurance guaranty, contact the Pennsylvania Life & Health Insurance Guaranty Association at 1-610-975-0572 or visit the website.
For PA life insurance policyholders, it might be good to utilize a company like Pennsylvania Life & Health Insurance Guaranty Association who may be able to protect you from companies acting in bad faith.
Insurance Department
For the latest updates from the Pennsylvania Department of Insurance. You can reach the office by calling the Pennsylvania Department of Insurance phone number, 1-877-881-6388, or visiting the website.
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You can access up-to-date information about Pennsylvania life insurance, including researching specific companies. The Pennsylvania Life Insurance Company login information and company phone number may also be accessible through this resource.
If you’re looking for another provider, however, you can use the PA insurance department to find information such as the PA insurance license status of a provider here as well. The Pennsylvania Insurance Department is one of the best Pennsylvania life insurance resources.
What are the best Pennsylvania life insurance companies?
We want your search to be as easy as possible. Although there is a Pennsylvania Life Insurance Company, there are a variety of companies that are life insurance providers in PA. Below we offer a list of life insurance companies in Pennsylvania.
American General Life Insurance Company
Banner Life Insurance Company
Fidelity Life Association
Haven Life / MassMutual
John Hancock Life Insurance Company
Lincoln National Life Insurance Company
Metlife Life Insurance Company
North American Company for Life & Health Insurance
Pacific Life & Annuity Company
Principal Life Insurance Company
Protective Life Insurance Company
Pruco Life Insurance Company (Prudential)
Sagicor Life Insurance Company
The Savings Bank Life Insurance Company of Massachusetts (SBLI)
Transamerica Life Insurance Company
United of Omaha Life Insurance Company
This list of Pennsylvania life insurance companies is not exhaustive. There are plenty of options available for PA life insurance.
Pennsylvania Life Insurance Summary
At the end of the day, there aren’t many changes in life insurance policies state-by-state. Affordable Pennsylvania life insurance is available, just like most other states.
Feel safe with the PA life insurance grace period, free look period, and death benefit guarantees. Don’t wait — Use our free quote tool below to get affordable life insurance rates in Pennsylvania. Get started now.
Your life insurance quotes are always free.
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Frequently Asked Questions
What is insurance?
insurance is a contract between an individual and an insurance company, where the insurance company agrees to pay a predetermined amount of money to the policyholder’s beneficiaries upon the policyholder’s death. It provides financial protection and support to the insured person’s loved ones in the event of their passing.
Do I need insurance in Pennsylvania?
The need for insurance varies from person to person. If you have dependents who rely on your income or have financial obligations such as mortgage payments, debts, or funeral expenses, insurance can provide important financial security for your loved ones. It is recommended to evaluate your individual circumstances and consult with a financial advisor to determine if insurance is necessary for you.
Are insurance premiums tax-deductible in Pennsylvania?
insurance premiums are generally not tax-deductible in Pennsylvania or most other states. However, the death benefit paid to the beneficiaries is usually not subject to federal income tax. It is recommended to consult with a tax advisor or insurance professional to understand the tax implications specific to your situation.
Can I change my insurance policy in Pennsylvania?
Yes, you can generally make changes to your insurance policy in Pennsylvania. Depending on the type of policy and its terms, you may have options to adjust your coverage amount, premium payments, beneficiaries, or add additional riders. Contact your insurance provider or agent to discuss any desired changes and understand the process involved.
What happens if I stop paying premiums for my insurance policy in Pennsylvania?
If you stop paying premiums for your insurance policy, it may lead to a policy lapse or cancellation. The specific consequences vary depending on the type of policy and its terms. In some cases, you may have a grace period during which you can reinstate the policy by paying the overdue premiums.
Your life insurance quotes are always free.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
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.
