Life insurance by state · IA
Life insurance in Iowa
What Iowa law gives you, which carriers quote in Iowa, and how to get covered — from an independent agency licensed in Iowa.
The short answer
Iowa residents can choose from 11 final expense and 15 term life carriers we work with that quote in Iowa. 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 Iowa
| Regulator | Iowa Insurance Division |
|---|---|
| Free-look period | Typically at least 10 days · 30 days for replacement policies: unconditional full refund within 30 days of delivery (Iowa Admin. Code r. 191-16.26(1)(d); direct-response replacements r. 191-16.28) |
| Guaranty association | Iowa 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 Iowa
- If an Iowa life insurer does not pay death proceeds within 30 days after receiving satisfactory proof of death, it owes interest computed from the date proof was received, at the higher of its policy-loan rate or its rate on proceeds left on deposit (Iowa Code § 511.38). Source
- Iowa preneed funeral sellers must hold a preneed seller's license and keep at least 80% of payments under a guaranteed-price agreement, or 100% under a non-guaranteed agreement, in trust until the beneficiary dies, under Iowa Code ch. 523A, which the Iowa Commissioner of Insurance administers (Iowa Code § 523A.201). Source
Carriers we work with that quote in Iowa
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 Iowa results (September 2026). Product availability and rules vary by carrier and change over time.
How to get covered in Iowa
- 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 Iowa 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 Iowa. 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 Iowa — FAQ
How long is the free-look period for life insurance in Iowa?
New individual life insurance policies sold in Iowa typically give you at least 10 days to review the policy and cancel for a full refund (30 days for replacement policies: unconditional full refund within 30 days of delivery (Iowa Admin. Code r. 191-16.26(1)(d); direct-response replacements r. 191-16.28)). The exact window is printed on your policy’s first page.
What happens to my life insurance if the company fails in Iowa?
The Iowa Life & Health Insurance Guaranty Association protects Iowa 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 Iowa?
The Iowa Insurance Division. You can verify an agent’s license or file a complaint with them.
Can I buy life insurance in Iowa by phone?
Yes. United Eagles Financial is licensed for life insurance in Iowa; most applications are done by phone or video with an electronic signature.