Geographic Effects on Term Life Insurance

Laws about geographical effects and term life insurance vary slightly from state to state. The following information is based on life insurance laws in California.

Request a free term life insurance quote now >>

Do I Have to Buy Term Life Insurance in My State?

You can buy term life insurance from any licensed agent in the state you are physically in, regardless of where you live For example, if you live in Kentucky but are staying in California, you can buy a term life insurance policy from any insurance agent that is licensed to sell insurance in California. The reasoning behind this law has to do with the structure of term life products; term life products eventually expire.

These rules differ from those of Whole Life policies. If you are planning on buying a whole life policy, you need to be a resident of the state that you buy your whole life policy in. In other words, if you live in Kentucky, you need to buy your whole life insurance product from an insurance agent that is licensed to sell in Kentucky.

Keep in mind that many larger insurance agents are licensed to sell insurance in more than one state. In fact, many are licensed to sell in all fifty. However, when you look at the descriptions of products that many life insurance agents offer on their websites, look out for the words: not all products are available in all states. Double check to make sure the product you want to buy is available in your state. You can browse our term life insurance carrier section to learn about companies may offer term life insurance in your area.

Request a free term life insurance quote >>

What Happens if I Move?

You can take your term life insurance policy with you when you move. If you're a Kentucky resident that bought a term life policy in Kentucky, you can pack your term life insurance policy in your u-haul van when you move to California.

Term Life Insure provides information at no cost concerning insurance products and services but is not an insurer or an agency. Please speak to your insurance agent for more information. Not all products are available in all states.