Life Insurance Rates are Regulated by Law

Life Insurance Rates are Regulated by Law for Your Protection! Life insurance rates are regulated by law! Without premium regulation, purchasing life insurance would be like buying a used car! The object of this article is to inform you and make sure you understand that. No insurance agent can sell the same insurance product for more or less than another. The insurance companies set the rates and are enforced by each state’s Department of Insurance. You will only see a difference in premiums between one life insurance carrier to another which is perfectly normal competition. Purchasing any type of insurance …