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Charleston has a median age
of 32.50
Child bearing years create responsibilities on families and
term life insurance policies offered to Charleston, South Carolina residents can guarantee that those
responsibilities are met.
Life insurance quotes in Charleston, South Carolina
offers
solutions for family and business needs. Charleston, South Carolina residence can save from 50 to 70 percent on term
life insurance from most top rated companies. These
companies must file their product offerings and be approved
by the South Carolina Insurance Department prior to any sales.
Life Insurance must have proper reserves maintained by the
life insurance company,
and these reserves are in constant review. The company also
pays a premium tax to the state of South Carolina which supports
the department and guarantees claims payment to the insured.
How Your
Policies Are
Protected
To protect the insured, a guaranty association,
which is a statutory entity created by the state, is
established by state legislation. The guaranty association
is composed of all insurers licensed to sell life insurance,
accident and health insurance, and individual annuities in
the state. In the event that a member insurer is found to be
insolvent and is placed under a final order of liquidation,
rehabilitation or conservation by a court of competent
jurisdiction, the guaranty association will provide
protection up to statutory limits (set out in the State Act)
to insured beings who are state residents and who are
holders of life and health insurance policies and individual
annuities with the insolvent insurer.
When a member insurer is found to be insolvent and is
ordered liquidated, a court appointed receiver takes over
the insurer under court supervision and processes the assets
and liabilities through liquidation. Typically, the guaranty
association works with other effected guaranty associations
in other states and the court appointed receiver in
servicing the insurance company's policies and providing
coverage to resident policyholders. The protection provided
by the guaranty association is based on limits set forth in
the law and the language of the insolvent company's policies
at the time of insolvency.
South Carolina Department of Insurance
1201 Main Street, Suite 1000
Columbia, SC 29201
Please remember that this information is general
in purpose and should not be used or relied upon
as legal advice.
Term Life Insurance Quotes For Charleston, South Carolina
Learn
What Each Rating Means
Life
Insurance Needs Analysis
Charleston, South Carolina:
REGION: South East POPULATION:
120,479
Term Life Insurance Rates Are Offered By TermLifeAmerica.com
For These Charleston, South Carolina Zip
Codes:
29401, 29402, 29403, 29406, 29407, 29409, 29410, 29412, 29413, 29414, 29415, 29416, 29417, 29419, 29422, 29423, 29424, 29425, 29492