Offering group life insurance to your employees is good business. California life insurance plans can guarantee them a fixed amount of coverage or an amount related to their salary. Oftentimes, California life insurance agencies link employees together by their job when evaluating the associated risks of a group policy rather than considering the traditional factors, such as habits, health, age and lifestyle.

1. California life insurance policies may include disability provisions. In such cases, the policies provide for disabilities—temporary and permanent—and supplement lost income.

2. Business life insurance is a more affordable alternative for California small business owners. Purchasing this type of California life insurance safeguards your company in the event of a financial disaster or employee death. At the same time, your business can take advantage of the lower corporate tax rate.

3. Decide on the terms and conditions of your life insurance policy with the help of your California life insurance agent. Be sure your policy includes the 10-day “Free Look” Period required by California Life Insurance Laws and Regulations. This provision gives the policyholder at least 10 days to rescind their policy with full reimbursement of any paid premiums.

Action Steps
The best contacts and resources to help you get it done

Do your homework before selecting a California life insurance company

California life insurance is part of the state's $90 billion insurance industry. This means there are insurance agents, carriers and brokers aplenty. Conduct a background check on life insurance companies before purchasing California life insurance.

I recommend: Use the California Department of Insurance to learn about California life insurance companies. The site offers access to licensing, financial, legal and market information that will prove valuable when deciding on a life insurance company in California. You’ll also find background information on life insurance companies in California at Life Insurance Info.

Shop around to get the best deal on California life insurance policies

Filling out simple forms online is all you need to get free California life insurance quotes from major insurance companies throughout the United States.

I recommend: Get your California life insurance quote from a reputable source. Use U.S. Insurance Online to compare rates and become familiar with the various life insurance policies available, such as California term life insurance, California whole life insurance or California high risk life insurance at no cost. Complete a simple form at Accuquote to get comparative pricing information and policy details for California life insurance.

Bring in the experts to assess your current CA life insurance needs

There are a myriad of California life insurance policies depending on your company's needs and goals. Don't choose a California life insurance carrier based solely on cost. Be sure whatever California life insurance company you decide on also will protect your business.

I recommend: Take advantage of resources, such as Union Bank of California for business insurance plans. Check out CalHealth.net, to find you the best-suited life insurance in California. Learn the pros and cons of purchasing California term life insurance versus a permanent policy; if your current insurance is achieving your goals; and what factors must be considered when selecting a California life insurance carrier.

Purchase your policy from a California life insurance company

Once you know what type of CA life insurance you want, look for a life insurance company in California that specializes in that area.

I recommend: Access the California life insurance search utility on Compuquotes. You will find a listing of many of the life insurance companies in California. Other reliable sources for California life insurance policies are Blue Shield of California Life & Health Insurance Company (Blue Shield Life) and ABS Insurance and Financial Services Inc.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Life insurance companies in California are competitive, so let them compete for your business. In evaluating California life insurance agencies inquire about the company's assets, customer satisfaction, service and their ratings.