Enter your ZIP code:

North Dakota Life Insurance

"I pledge to…work diligently to safeguard consumer interests and…promote a competitive marketplace for consumers here in our great state."

—North Dakota Insurance Commissioner Jim Poolman

___________________________________________________________________________

Helpful Information about North Dakota Life Insurance

Many people agree that buying North Dakota life insurance is one of the most important financial moves they will ever make. Yet, due to its complexity, most don't know how to go about finding the protection they need.

InsureMe can help! We've matched thousands of consumers with the North Dakota life insurance agents who can get them exactly what they need—and we'd like to help you, too.

Just fill out our quote box to the right for up to five free quotes with absolutely no obligation.

Don't let a lack of understanding keep you from the North Dakota life insurance you need. Read on to gain the knowledge you need—and then let us help you with your life insurance purchase!

The Basics

Deciding what type and how much North Dakota life insurance you need is sometimes difficult. But learning the basics and how to apply them can make this complex decision much easier.

We've provided a few key terms to help you understand your choices in North Dakota life insurance. We hope this increases your understanding and helps you analyze your own life insurance needs.

Term insurance

The simplest form of North Dakota life insurance, this coverage is purchased for a specific price for a specified period of time. If you die while the policy is in effect, your beneficiary receives the policy's value. Renewing the policy at the end of the term may cause your premiums to go up. No investment component is involved.

Whole life insurance

You purchase whole life insurance to cover you during your "whole life," not during a set term, as with term insurance. Premiums remain level throughout the life of the policy, and your North Dakota life insurance company invests a portion of your premium payments. These investments can sometimes bring you considerable financial return.

Universal life insurance

Universal life insurance allows you to pay your North Dakota life insurance premiums, plus an amount you would like to invest. Your insurance company decides where to invest the surplus (generally bonds and mortgages), and it places your investment and returns into a cash-value account. You can then either use this account to pay your premiums, or you can allow it to build in value over time.

Variable life insurance

Similar to universal life, variable life insurance allows you to choose your own investments over and above your premium payments. This investment selection is usually more varied than with universal life, and often includes stocks. As with a universal policy, the return on your investment can pay for your North Dakota life insurance premiums, or can build cash value in the account.

Avoiding Common Mistakes  

Now that you have a basic understand of your North Dakota life insurance options, we hope you'll avoid these seven most common purchasing mistakes:

  1. Not understanding that term life insurance is only temporary
  2. Choosing North Dakota term life simply because it's cheap
  3. Buying coverage based on a set formula (everyone's needs vary)
  4. Insuring young children (not necessary, as no one is depending on their income)
  5. Not doing your homework regarding an insurer's stability and service record
  6. Doing business with an agent you either don't like or don't trust—or both
  7. Failing to review your policy at least yearly, and with every major life change (marriage, birth, divorce, etc.)

Getting Answers to Your Questions

Next to InsureMe, a knowledgeable, licensed North Dakota life insurance agent can be your best resource for further questions or concerns about your life insurance purchase.

However, the North Dakota Insurance Department can also service your needs in this area, and they'd like your feedback! Contact their office toll free at 800-247-0560, or access their Web site at www.state.nd.us.

Moving Forward

Don't let a lack of understanding keep you from the North Dakota life insurance coverage you need.

Be proactive, get educated—and contact InsureMe now for your free North Dakota life insurance quotes!


Free Car Insurance Quotes!  
Free Home Insurance Quotes!   
Free Health Insurance Quotes!   
Free Life Insurance Quotes!   
List of Articles
No. Subject Author Views
52 Wyoming Life Insurance youcomparequotes 4549
51 Wisconsin Life Insurance youcomparequotes 4706
50 West Virginia Life Insurance youcomparequotes 4444
49 Washington, D.C. Life Insurance youcomparequotes 4249
48 Washington Life Insurance youcomparequotes 4389
47 Virginia Life Insurance youcomparequotes 5737
46 Vermont Life Insurance youcomparequotes 4255
45 Utah Life Insurance youcomparequotes 4429
44 Texas Life Insurance youcomparequotes 4345
43 Tennessee Life Insurance youcomparequotes 4238
42 South Dakota Life Insurance youcomparequotes 4307
41 South Carolina Life Insurance youcomparequotes 4374
40 Rhode Island Life Insurance youcomparequotes 4133
39 Pennsylvania Life Insurance Quotes youcomparequotes 4637
38 Oregon Life Insurance Quotes youcomparequotes 4227
37 Oklahoma Life Insurance youcomparequotes 4005
36 Ohio Life Insurance youcomparequotes 3987
» North Dakota Life Insurance youcomparequotes 4200
34 North Carolina Life Insurance Quotes youcomparequotes 3955
33 New York Life Insurance youcomparequotes 4093
32 New Mexico Life Insurance youcomparequotes 3939
31 New Jersey Life Insurance youcomparequotes 3781
30 New Hampshire Life Insurance youcomparequotes 3876
29 Nevada Life Insurance youcomparequotes 3785
28 Nebraska Life Insurance youcomparequotes 3719
27 Montana Life Insurance youcomparequotes 4016
26 Missouri Life Insurance youcomparequotes 4003
25 Mississippi Life Insurance youcomparequotes 3635
24 Minnesota Life Insurance youcomparequotes 3995
23 Michigan Life Insurance youcomparequotes 4237
22 Massachusetts Life Insurance youcomparequotes 3877
21 Maryland Life Insurance youcomparequotes 3816
20 Maine Life Insurance youcomparequotes 3641
19 Louisiana Life Insurance youcomparequotes 3564
18 Kentucky Life Insurance youcomparequotes 3694
17 Kansas Life Insurance youcomparequotes 4143
16 Iowa Life Insurance youcomparequotes 3800
15 Indiana Life Insurance youcomparequotes 4029
14 Illinois Life Insurance youcomparequotes 3615
13 Idaho Life Insurance youcomparequotes 3566
12 Hawaii Life Insurance youcomparequotes 3523
11 Georgia Life Insurance Quotes youcomparequotes 3963
10 Florida Life Insurance youcomparequotes 3660
9 Delaware Life Insurance youcomparequotes 3870
8 Connecticut Life Insurance youcomparequotes 3897
7 Colorado Life Insurance youcomparequotes 3678
6 Colorado Life Insurance youcomparequotes 3893
5 California Life Insurance Information youcomparequotes 3387
4 Arkansas Life Insurance youcomparequotes 3428
3 Arizona Life Insurance Quotes youcomparequotes 3837
2 Alaska Life Insurance youcomparequotes 4222
1 Alabama Life Insurance youcomparequotes 3666
XE Login