For Consumers

What is life insurance?

It’s a contract between the life insurance policyholder and the insurance company. When the policyholder passes away, the insurance company promises to pay the policyholder’s designated beneficiaries a sum of money.

When is the best time to buy life insurance?

The best time to buy life insurance is when you're young. The longer you wait, the more expensive it gets as you get older. Your health history and life choices, such as smoking, play a key role in increasing the cost of your policy. 

We recommend shopping around and comparing companies for the best rate.

Reasons insurance companies can't turn you down

They can't refuse coverage based on your:

  • Sex
  • Marital status
  • Race
  • National origin
  • Living organ donor status

The Living Donor Act (leg.wa.gov) prohibits insurance companies from declining or limiting coverage because you're a living organ donor.

What to do if you get turned down for life insurance

Shop around. Companies use different methods and factors to decide who they'll insure. If available, consider a group plan - some don't require a medical exam. 

What to do when changing life insurance policies

Life insurance is a long-term commitment. It's usually not in your best interest to move from company to company. Before you change policies, check if there is a penalty for canceling your current policy before its maturity date. Also, your insurance company may charge you a surrender fee if your policy has a cash value.