Life Insurance Companies Maine

Life Insurance Companies Maine – CANTON, Massachusetts, February 15, 2022 // — Boston Mutual Life Insurance Company, a national provider of insurance solutions for individuals and businesses, announced today that its Small Business Solutions program is now available to customers in Connecticut and Maine. .

The first-of-its-kind program for a national life insurance company initially launched in June 2021, partnering with select local manufacturing partners in Massachusetts and Rhode Island to offer this insurance solution to growing small businesses from the early stages of the pandemic. Since the launch of the program, the first of the company’s new area of ​​market strategies, introduced last year, and the recently announced Business Development and Solutions Division, Boston Mutual has achieved further success in targeting immediate needs in the communities served by the program. 130 years have passed.

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“Boston Mutual is honored to serve clients near and far, and we are proud of the success we have achieved this year in providing cost-effective insurance solutions to small businesses in Massachusetts and Rhode Island,” said Josh Police. , Executive Vice President. Business Development and Solutions One Company, Boston Mutual Life Insurance Company. “We look forward to building on the success of the program as we expand into more areas. This program was launched with the goal of supporting small businesses, especially those affected by the pandemic, and we have seen it attract employees with competitive advantages and critical advantages. Issues such as life insurance remain a top priority for these employers as we enter the new year.”

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The program offers a portfolio of insurance options, including whole life insurance, critical/certain illness insurance, and group accident coverage.* According to LIMRA, only 52% of Americans have life insurance, and 22% of those insured are uninsured. needs more coverage.**

“After seeing the struggles small businesses endured during the pandemic, we’re proud to see the momentum of our first program serving small businesses spread to Connecticut and Maine,” said Ty Conder, vice president for small businesses. Business Solutions, Boston Mutual Life Insurance Company. “Supporting small businesses with specific life insurance solutions that meet the needs of their business and employees continues to be a priority for Boston Mutual.”

To find a Small Business Solutions sales representative or learn more about Boston Mutual Life Insurance Company, visit

About Boston Mutual Life Insurance Company Founded as a progressive life insurance company in 1891, Boston Mutual Life Insurance Company is a national carrier offering insurance solutions for working Americans and their families, including workplace enrollment and billing options. With offices in Canton, Massachusetts and Omaha, Nebraska, as a joint venture, Boston Mutual Life is dedicated to acting in the best interests of policyholders, producers, employees and their communities. For more information, visit or contact your Boston Mutual Life representative. Follow the company on Facebook (/BostonMutualLifeIns) or LinkedIn (/company/boston-mutual-life-insurance).

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*Rule Series: END-95 (ESO) (20/21), WS-CI 4/12 and WPS-ACC 07/15. **Source: 2021 Insurance Barometer Study, LIMRA and Life HappensMaine Life Insurance [2023] Maine life insurance offers residents a 30-day grace period, guaranteed business failure insurance benefits, and timely death benefits. Get great deals on ME life insurance to protect your loved ones.

Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. Write and create content for other insurance and financial sites.

Benjamin Carr worked as a licensed insurance agent at State Farm and Tennant Special Risk. He sold various lines of coverage and informed his clients about their life, health, property/casualty insurance needs. Assessing risk and helping people find the best coverage to suit their needs is his passion. Insurance is believed to be designed to protect people, especially during times of…

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We offer life insurance to Maine residents from many of the top ME insurance companies. Life insurance is very similar from state to state with a few exceptions, so keep that in mind with life insurance rates in Maine.

However, this guide should help you understand the differences in life insurance in Maine and find resources in your state. We’ll also show you how to get the best life insurance in Maine, but for clarity, make sure you understand the differences in the types of term life insurance.

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Before diving into this guide, find affordable life insurance rates in Maine by clicking our FREE quote tool above. Start now.

We offer life insurance to Maine residents 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 and find resources in your state.

Policy Cost – The premium (cost) you pay for a life insurance policy does not vary from state to state. It’s the same no matter which country you go to. Premiums are set by life insurance companies after being approved by the State Insurance Department.

Company Availability – Not all companies are available in every country. For example, if a life insurance company has not filed its product or rates with your State Department of Insurance, that company will not be available in your state. Company availability changes frequently due to new registrations.

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Product Availability – There are times when life insurance companies only offer certain products or riders in the state. For example, a company may offer child insurance on its policy, but that feature may not be available in all states. You can see these exclusions by clicking on the life insurance companies in the list below.

Maine Life Insurance also offers residents a 30-day grace period, guaranteed benefits in the event of insurance company bankruptcy, and timely payment of claims in the event of death.

You may be wondering what to expect with life insurance rates in Maine. In the chart below, you’ll find how much the best life insurance companies in Maine pay by age, marital status, and gender for non-smokers. However, your rates may be different, especially if you smoke.

You can also see how many life insurance companies there are in Maine compared to other northeastern states.

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According to the chart, there are three Maine life insurance companies operating in the state. So, chances are these three companies offer the best life insurance in Maine. However, that doesn’t mean your Maine life insurance options are limited.

Check out our free quote tool on this page to find out exactly what your ME life insurance quotes will be.

State guarantee associations undertake to protect policyholders and resident beneficiaries in the event of bankruptcy of the insurance company. The association consists of all insurance companies licensed to sell life, health and annuity insurance in the country. In case of bankruptcy (cessation of business) of the insurance company, the association steps in to protect the insured by continuing coverage and paying benefits, up to certain limits.

In Maine, a life insurance policy protects up to $300,000. This amount is the maximum compensation for each life. In other words, many policies are limited to this amount for each person.

Amendment No. 7 Policyholder:

Here is a list of all necessary state contacts for Maine residents with life insurance claims and other related matters.

If you need information about obtaining life or health insurance in Maine, contact the Life and Health Insurance Association of Maine at 1-207-633-1090 or visit the website.

For the latest updates from the Maine Bureau of Insurance, call 1-800-300-5000 or visit the website. Here you can learn all about Maine state insurance, including finding a Maine life and health insurance license and finding contact information for Maine Insurance Consumer Protection.

You can also access the latest information about Maine pensions, such as the rules of the Maine State Pension System. The Maine Department of Insurance is also your source for information on Maine retirement life insurance and Maine health insurance.

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Don’t wait – use our free quote tool to get affordable life insurance rates in Maine. Start now.

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