Stats in Your State
Each state is unique when it comes to life insurance. Below, you’ll find information from The Simple Dollar regarding Hawaii life insurance statistics that can help you better understand the workings and intricacies of life insurance in Hawaii.
Life Insurance in Hawaii
We've put together a description of how exactly the life insurance industry operates in Hawaii. Not only are there over 300 licensed life insurers in the state; there is also a significant amount of money paid to policyholders each year.
|Number of Licensed Life Insurers||381|
|Total Life Insurance Coverage||$116 billion|
|Average Policyholder Coverage||$141,000 per life insurance policyholder*|
|Amount Paid Out in 2011||$2 billion **|
|Amount of Paid Annuity Benefits in 2011||$399 million|
*Based on individual life insurance policies
**Includes death benefits, matured endowments, policy dividends, surrender values, and other payments.
Life Insurance Administered Programs
Over 6,500 men and women are insured through state and federal life insurance programs. Over 2,000 of these individuals are enrolled in veteran programs. For more information on life insurance for veterans, visit The Simple Dollar’s military life insurance guide.
The Life Insurance Industry: Beyond Insuring You
|Job creator||4,000 jobs created|
|Invested in Hawaii 's Economy||$20 billion was invested by life insurance companies in Hawaii|
Rules in Your State
There are several outlined rules and regulations regarding life insurance practices in Hawaii. Read on to discover some of the recent legislation that has taken place in Hawaii and the nation as a whole. Finding the right life insurance plan will require you to stay abreast of all the important legislation that has taken place in the industry, so pay careful attention to the outlines and procedures in your life insurance policy.
Representatives & Resources in Your State
Without the proper resources, it can be tough to navigate the confusing life insurance industry. The Simple Dollar has compiled a few representative contacts and outside resources from both in and out of state for you to use in your hunt for reliable life insurance.
Hawaii Life & Disability Insurance Guaranty Association
1132 Bishop Street Suite 1590
Honolulu, HI 96813
Hawaii Insurance Commissioner
P.O. Box 3614
Honolulu, Hawaii 96811
National Organization of Life & Health Insurance Guaranty Associations
13873 Park Center Road, Suite 329
Herndon, VA 20171