Florida Life Insurance Coverage

Request a Quote

Life Insurance Coverages

Life Insurance

Purchasing life insurance is the right thing to do because it is financial protection for your family members if you are not around anymore. One of the best things about life insurance is that it is pretty affordable, so it is worth having it. Since life insurance regulations vary from state to state, Blackford Business Solutions LLC has prepared a list of things you should know about this type of insurance in Florida:

  • All policyholders in the Sunshine State are entitled to miss a monthly insurance payment and not to have their policy canceled - as long as they pay within 30 days after a missed payment. This 30-day period is known as a grace period.
  • Free-look period. All policyholders are given a 10-day free look period after purchasing a policy. During this period of time, they can "test" the policy and then cancel it if they are not satisfied with the full refund. Also, if a policyholder dies within this period of time, an insurance company still has to pay out the death benefit.
  • Interest on late benefits. To discourage insurance companies from delaying to pay out death benefits to beneficiaries of policyholders, the state of Florida requires insurance companies to pay interest for each day of delay.
  • The death benefit guarantee. There is a chance that an insurance company goes out of business or claims bankruptcy. In this case, all policyholders are still guaranteed to receive at least a portion of their state's death benefits.

If you are currently looking for a life insurance policy in Florida and have questions about it, Blackford Business Solutions LLC will be glad to assist you. Our experienced insurance agents will provide you with the necessary information and help you find a policy you really need. All you need to do is to visit our office or give us a call.

Start Carrier

See more

  • Allied/Nationwide
  • Allstate
  • American Modern
  • AmTrust
  • Bankers
  • Foremost
  • Guard - Berkshire Hathaway Guard
  • Hartford
  • Heritage
  • Kemper
  • Liberty Mutual
  • Mercury
  • MetLife
  • National General
  • Safeco
  • Tower Hill
  • Travelers
  • United P&C
  • Utica First