Life insurance by state · IN
Life insurance in Indiana
What Indiana law gives you, which carriers quote in Indiana, and how to get covered — from an independent agency licensed in Indiana.
The short answer
Indiana residents can choose from 11 final expense and 15 term life carriers we work with that quote in Indiana. New policies typically come with a 10-day free look, and the state guaranty association backs life insurance death benefits up to $300,000.
Your protections in Indiana
| Regulator | Indiana Department of Insurance |
|---|---|
| Free-look period | Typically at least 10 days · 20 days for replacement policies: unconditional refund of all premiums within 20 days of delivery (760 IAC 1-16.1-6(C)(5)) |
| Guaranty association | Indiana Life & Health Insurance Guaranty 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 Indiana
- Indiana life policies must provide that a death claim is settled on receipt of due proof of death and the claimant's interest, and no later than two months after receiving that proof (Ind. Code § 27-1-12-6(a)(10)). Source
- An Indiana prepaid funeral contract (entered after June 30, 1999) can be revoked by the purchaser in writing within 30 days of signing for a refund of the cash or insurance policy used to fund it, after which it becomes irrevocable and the funds or policy must go into a trust or escrow (Ind. Code § 30-2-13-12.5). Source
Carriers we work with that quote in Indiana
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 Indiana results (September 2026). Product availability and rules vary by carrier and change over time.
How to get covered in Indiana
- 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 Indiana 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 Indiana. 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 Indiana — FAQ
How long is the free-look period for life insurance in Indiana?
New individual life insurance policies sold in Indiana typically give you at least 10 days to review the policy and cancel for a full refund (20 days for replacement policies: unconditional refund of all premiums within 20 days of delivery (760 IAC 1-16.1-6(C)(5))). The exact window is printed on your policy’s first page.
What happens to my life insurance if the company fails in Indiana?
The Indiana Life & Health Insurance Guaranty Association protects Indiana 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 Indiana?
The Indiana Department of Insurance. You can verify an agent’s license or file a complaint with them.
Can I buy life insurance in Indiana by phone?
Yes. United Eagles Financial is licensed for life insurance in Indiana; most applications are done by phone or video with an electronic signature.