Life insurance by state · CO
Life insurance in Colorado
What Colorado law gives you, which carriers quote in Colorado, and how to get covered — from an independent agency licensed in Colorado.
The short answer
Colorado residents can choose from 11 final expense and 15 term life carriers we work with that quote in Colorado. New policies typically come with a 15-day free look, and the state guaranty association backs life insurance death benefits up to $300,000.
Your protections in Colorado
| Regulator | Colorado Division of Insurance |
|---|---|
| Free-look period | Typically at least 15 days · 30 days for replacement policies (3 CCR 702-4-1-4, Reg. 4-1-4 § 7) |
| Guaranty association | Colorado Life & Health Insurance Protection Association: up to $300,000 death benefit, $100,000 cash value (overall per-person cap applies) |
| Community property state | No |
| State estate / inheritance tax | Estate tax: no · Inheritance tax: no |
Good to know in Colorado
- Under C.R.S. § 10-7-112, a life insurer must pay interest on a death benefit from the date of death until 30 days after it receives a complete claim with proof of death, at no less than its rate on proceeds left on deposit, and at 2 percentage points above the federal discount rate after that until the claim is paid. Source
- Under C.R.S. § 10-15-103, no one may sell a preneed funeral contract or accept money for one in Colorado without a license from the Commissioner of Insurance (Colorado's preneed law is C.R.S. Title 10, Article 15). Source
Carriers we work with that quote in Colorado
Final expense / burial: Aetna · American Amicable · American Home Life · Americo · Fidelity · Foresters · Mutual of Omaha · NewBridge · Royal Neighbors · Transamerica · UHL
Term life: American Amicable · Americo · Catholic Financial · Foresters · InstaBrain · John Hancock · Kansas City Life · Mutual of Omaha · National Life Group · Primerica · Protective · Royal Neighbors · SBLI · Transamerica · UHL
From our quoting system’s Colorado results (September 2026). Product availability and rules vary by carrier and change over time.
How to get covered in Colorado
- Figure out how much you need — final expense calculator or mortgage protection calculator.
- See typical prices by age — life insurance cost by age.
- Tell us your health history — we match you to the Colorado carrier most likely to approve you at the best price (condition guides).
- Apply by phone with an e-signature — many decisions are instant or same-day.
Licensed in Colorado. Compare dozens of carriers in one free call — no pressure.
Get my quotes → Call 586-343-1505Sources: Regulator · Guaranty association · Free-look rule · Estate/inheritance tax
Straight answers
Life insurance in Colorado — FAQ
How long is the free-look period for life insurance in Colorado?
New individual life insurance policies sold in Colorado typically give you at least 15 days to review the policy and cancel for a full refund (30 days for replacement policies (3 CCR 702-4-1-4, Reg. 4-1-4 § 7)). The exact window is printed on your policy’s first page.
What happens to my life insurance if the company fails in Colorado?
The Colorado Life & Health Insurance Protection Association protects Colorado residents up to $300,000 in life insurance death benefits and $100,000 in cash value, subject to an overall per-person cap. It’s a backstop — choosing a financially strong carrier still matters.
Who regulates life insurance in Colorado?
The Colorado Division of Insurance. You can verify an agent’s license or file a complaint with them.
Can I buy life insurance in Colorado by phone?
Yes. United Eagles Financial is licensed for life insurance in Colorado; most applications are done by phone or video with an electronic signature.