Colorado Life Insurance [2024]
Colorado insurance offers residents a 30-day grace period, a free look period of up to 30 days, a death benefit guarantee of up to $300,000, and a timely payment.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
UPDATED: Sep 19, 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: Sep 19, 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 Colorado residents life insurance from several of the best CO life insurance companies. Life insurance is very similar from state-to-state, with a few exceptions, so expect your Colorado life insurance rates to differ.
However, this guide should help you understand the differences in Colorado life insurance as well as find resources in your state. We’ll also show you how to get the best life insurance in Colorado.
Colorado Life Insurance Quotes
We offer Colorado 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 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.
Colorado life insurance also offers residents a 30-day grace period, free look period up to 30 days, a death benefit guarantee up to $300,000, and a timely payment.
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Life Insurance Rates in Colorado
Let’s take a look at what the best life insurance companies charge. This will give you an idea of what to expect with Colorado 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 Colorado 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 Colorado versus the other western states.
According to the chart, there are 10 Colorado life insurance companies that specifically do business within the state. However, that doesn’t mean less Colorado life insurance policy options for you.
Colorado 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 Colorado, 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.
Colorado Life Insurance Contacts
Here is a list of all the necessary state contacts for residents with Colorado life insurance claims and other related matters.
Guaranty Association
If you need information about Colorado life insurance or Colorado disability insurance, contact the Life & Health Insurance Protection Association at 1-303-292-5022 or visit their website.
Insurance Department
The Colorado Department of Insurance is called the Colorado Division of Insurance. You contact them at 1-800-886-7675 or visit the website. Michael Conway was confirmed as the Colorado Insurance Commissioner in January 2019.
You can also access the Colorado life insurance license lookup here.
Legal Info
QuickQuote is licensed to sell life insurance in Colorado under Agency License Number 81816.
The licensed company principal is Tim Bain, Agent License Number 120001.
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Colorado Life Insurance Companies
American General 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
Frequently Asked Questions
What benefits does Colorado insurance offer to residents?
Colorado insurance offers residents a 30-day grace period, a free look period of up to 30 days, a death benefit guarantee of up to $300,000, and timely payment.
Are insurance quotes in Colorado free?
Yes, insurance quotes in Colorado are always free.
How are insurance rates determined in Colorado?
The premium (cost) you pay for your insurance policy in Colorado does not vary by state. It is the same regardless of which state you live in. Premiums are set by insurance companies and then approved by the State Insurance Department.
How many insurance companies are there in Colorado?
According to available data, there are 10 Colorado insurance companies that specifically do business within the state.
What is the Colorado Guaranty Association for insurance?
The Colorado Guaranty Association is committed to protecting resident policyholders and beneficiaries in the event of an insurance company insolvency. It steps in to protect policyholders by continuing coverage and paying claims, up to defined limits. In Colorado, a insurance policy is protected up to $300,000, which is the maximum benefit provided for any one .
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
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.
