Massachusetts Life Insurance [2024]
Massachusetts insurance offers residents a 10-day free look period, 30-day grace period, guarantee of death benefit claims up to $300,000, and timely payment of death claims. Get affordable MA insurance quotes to protect your loved ones.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
UPDATED: Feb 26, 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 26, 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
You may be asking, “Where can I buy a life insurance policy in MA?” Today, we offer Massachusetts life insurance quotes from several of the best life insurance companies in MA. Life insurance is very similar from state-to-state, with a few exceptions, so expect your Massachusetts life insurance rates to vary.
However, this guide should help you understand the differences in Massachusetts life insurance as well as find resources in your state. There are different types of term life insurance, so do some research so you know what you’re looking for. We’ll also show you how to get the best life insurance in Massachusetts.
Before we dive into this guide, find affordable Massachusetts life insurance rates by typing your ZIP code into our FREE quote tool above. Get started now.
Massachusetts Life Insurance Quotes
We offer Massachusetts 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. What happens if you can’t pay your term life insurance premium?
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.
Massachusetts life insurance also offers residents a 10-day free look period, 30-day grace period, guarantee of death benefit claims up to $300,000, and timely payment of death claims.
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Life Insurance Rates in Massachusetts
To give you an idea of what Massachusetts life insurance rates look like, you can check out the chart below to see what the top companies charge based on age, marital status, and gender for both smokers and non-smokers.
Keep in mind that your life insurance quotes in MA may be different, especially depending on which type of Massachusetts life insurance policy you choose.
In this next chart, you can also see how many Massachusetts life insurance companies there are in comparison to other northeastern states.
As you can see in the above chart, Massachusetts is home to 16 life insurance companies that operate specifically in the state. Get access to the best Massachusetts life insurance with our free comparison tool on this page to save money.
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Massachusetts 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. (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 Massachusetts, 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.
Massachusetts Life Insurance Contacts
Here is a list of all the necessary state contacts for residents with Massachusetts life insurance claims and other related matters.
Guaranty Association
If you need information about a Massachusetts life insurance or health insurance guaranty, contact the Massachusetts Life & Health Insurance Guaranty Association at 1-413-744-8483 or visit their website.
Insurance Department
For the latest updates from the Massachusetts Department of Insurance, contact the Massachusetts Division of Insurance by phone at 1-800-272-4232 or visit the website. Here, you can access information about Massachusetts insurance regulations and Massachusetts life insurance laws.
You can also obtain up-to-date information about Massachusetts licensed insurance producers, lookup any Massachusetts life insurance license, or check the status of a Massachusetts insurance license renewal. Additionally, you’ll find resources, such as a link to the MassHealth life insurance website and tools to learn about Massachusetts term life insurance.
Legal Info
The licensed company principal is Tim Bain, Agent License Number 1762164.
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Massachusetts Life Insurance Companies
We’re going to wrap up in a way that is a bit unorthodox. Below is a list of life insurance companies operating in Massachusetts.
American General Life Insurance Company
Fidelity Life Association
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
Don’t wait — type your ZIP code into our free and helpful tool below to get affordable life insurance in MA quotes. Get started now.
Read more: Vermont Life Insurance
Frequently Asked Questions
What is the free look period for Massachusetts insurance?
During the free look period, Massachusetts residents have 10 days to review their insurance policy and cancel it if they are not satisfied. This period allows policyholders to make an informed decision without any obligation.
Is there a grace period for Massachusetts insurance premiums?
Yes, Massachusetts insurance policies typically have a grace period of 30 days. This means that if a premium payment is missed, the policy will remain in force for an additional 30 days before it may be terminated.
What is the guarantee for death benefit claims in Massachusetts insurance?
Massachusetts insurance provides a guarantee for death benefit claims up to $300,000. This ensures that beneficiaries will receive the full amount of the policy’s death benefit when a claim is filed.
How long does it take to receive payment for a death claim in Massachusetts insurance?
Massachusetts insurance policies aim for timely payment of death claims. The specific timeline may vary depending on the circumstances, but insurance companies strive to process and pay valid claims as quickly as possible.
How can I get affordable insurance quotes in Massachusetts?
To obtain affordable insurance quotes in Massachusetts, you can use a free quote tool or consult with a licensed insurance agent. Comparing quotes from multiple insurance companies can help you find the best rates that suit your needs.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
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.
