Need California Life Insurance Quotes?

Purchasing life insurance in California is an important matter and as such, it deserves significant thought and consideration. Several factors may affect your decision regarding the type and amount of life insurance that you choose to purchase. Regulations regarding life insurance vary from one state to the next. Be sure to consider the following facts, when considering the purchase of California life insurance.

Insolvency coverage is limited to $250,000 in life insurance death benefits but not more than $100,000 in net cash surrender and net cash withdrawal values for life insurance in the event that your insurance provider is unable to fulfill your policy.

In terms of debt collection regarding assets, life insurance benefits of insured or beneficiary are exempt as long as there is a clause in the policy present which prohibits the proceeds from being used to pay the beneficiary's creditors. In addition, matured life insurance benefits needed for support are exempt. Unmatured life insurance policy loan values, up to $9,700 for a single person and $19,400 for a couple, are exempt.

California assesses an estate tax that is equal to the federal estate tax credit. There is no additional estate tax imposed.

Additional Resources for California Life Insurance: