- Connecticut residents have access to every major life insurance type in 2026 — term, whole life, universal life, IUL, VUL, and final expense — from dozens of carriers licensed by the CT Insurance Department
- The CT Insurance Guaranty Association (CTIGA) protects Connecticut policyholders up to $500,000 in death benefit and $500,000 in cash surrender value per carrier if an insurer becomes insolvent
- Connecticut’s $2 million estate tax exemption is far below the federal exemption, making life insurance owned inside an ILIT a common estate planning tool for CT residents with estates above $2 million
- Term life in CT is very affordable — a healthy 35-year-old can secure $500,000 for 20 years at approximately $24–$29/month depending on gender and carrier
- Connecticut requires a minimum 10-day free look period on all life insurance policies — you can return any policy for a full refund within 10 days of receipt
- IUL is the fastest-growing life insurance product in CT in 2026, primarily as a tax-advantaged supplement to retirement savings — but always review illustrations at both the maximum and a stressed lower crediting rate
- Verify any CT life insurance agent’s license at portal.ct.gov/CID before purchasing; independent brokers can compare 30+ carriers while captive agents represent only one company
- After any CT life insurance policy has been in force for 2 years, the incontestability clause prevents the insurer from denying claims based on misrepresentation — a critical consumer protection
Connecticut is one of the most fully developed insurance markets in the United States, with dozens of major carriers licensed to sell life insurance in the state and a regulatory environment that strongly protects consumers. Whether you are a young family in New Haven looking for a 20-year term policy, a business owner in Stamford exploring key-person coverage, or a retiree in Litchfield County planning around the CT estate tax, this guide gives you a comprehensive view of every life insurance type available in Connecticut in 2026 — along with costs, regulations, and the decision framework you need to choose the right product.
What Types of Life Insurance Are Available in Connecticut in 2026?
Connecticut residents can purchase term life, whole life, universal life (UL), indexed universal life (IUL), variable universal life (VUL), and final expense insurance in 2026. Every major national carrier — including MassMutual, New York Life, Prudential, Northwestern Mutual, Lincoln Financial, Pacific Life, Protective, and Banner Life — is licensed in Connecticut. In addition, several direct-to-consumer platforms such as Haven Life (backed by MassMutual) and Bestow offer fully online term applications that Connecticut residents can complete in minutes. The Connecticut Insurance Department (CID) regulates all products sold in the state, maintaining a searchable database of licensed carriers at portal.ct.gov/CID.
Sources: Connecticut Insurance Department
Life Insurance Types in Connecticut 2026 — At a Glance
| Type | Coverage Duration | Cash Value | Typical Face Amount | Best Use Case |
|---|---|---|---|---|
| Term (10/15/20/25/30-year) | Fixed term only | None | $100K–$2M+ | Income replacement, mortgage protection |
| Whole Life | Lifetime | Yes (guaranteed growth) | $25K–$1M+ | Estate planning, permanent need, final expense |
| Universal Life (UL) | Flexible / Lifetime | Yes (interest-credited) | $100K–$5M+ | Flexible premiums, adjustable death benefit |
| Indexed Universal Life (IUL) | Flexible / Lifetime | Yes (S&P 500-linked, floored at 0%) | $100K–$5M+ | Tax-advantaged retirement supplement |
| Variable Universal Life (VUL) | Flexible / Lifetime | Yes (market sub-accounts) | $250K–$5M+ | Growth-oriented high-earners (higher risk) |
| Final Expense (burial) | Lifetime | Small cash value | $5K–$25K | Seniors covering final costs, simplified underwriting |
The Connecticut DOI reported more than 3.2 million individual life insurance policies in force in Connecticut as of the most recent year of data, with total face amount in force exceeding $700 billion statewide. The state’s high median household income and large concentration of financial services professionals mean that Connecticut residents are more likely than average to own both term and permanent life insurance simultaneously. Connecticut law also requires insurers to follow the NAIC Life Insurance Illustrations Model Regulation, ensuring that any policy illustration you receive accurately projects cash value and death benefit under different scenarios.
Term Life Insurance in Connecticut 2026: Rates, Carriers, and How It Works
Term life insurance provides a guaranteed death benefit for a fixed period — 10, 15, 20, 25, or 30 years — at a level premium that is locked in at policy issue. If you die during the term, your beneficiaries receive the face amount income-tax-free. If you outlive the term, coverage ends unless you convert to a permanent policy or renew. Term is by far the most affordable life insurance option for Connecticut residents, especially for those under age 50.
Sample 2026 Term Life Insurance Monthly Rates for CT Residents — $500,000, Preferred Non-Tobacco
| Age / Gender | 10-Year Term | 20-Year Term | 30-Year Term |
|---|---|---|---|
| 25M | $14 | $21 | $32 |
| 25F | $12 | $18 | $27 |
| 35M | $18 | $29 | $46 |
| 35F | $15 | $24 | $38 |
| 45M | $43 | $72 | $125 |
| 45F | $34 | $57 | $97 |
| 55M | $112 | $190 | N/A (limited availability) |
| 55F | $79 | $133 | N/A (limited availability) |
Term premiums are based on your age at issue, gender, tobacco use, health classification (Preferred Plus, Preferred, Standard Plus, Standard, Substandard), term length, face amount, and the carrier’s proprietary mortality tables. Connecticut residents with excellent health can often qualify for Preferred Plus rates, which are 20–35% lower than Standard rates. Your CT licensed agent or an online comparison tool submits your information to multiple carriers simultaneously to find the best classification and price.
Top CT-Licensed Term Life Carriers in 2026
- Banner Life (Legal and General) — consistently among the lowest rates nationally; A+ AM Best
- Protective Life — competitive 30-year term, strong conversion options; A+ AM Best
- Pacific Life — excellent for face amounts above $1M; A+ AM Best
- MassMutual — includes convertibility to whole life; A++ AM Best
- New York Life — accepts some health conditions others decline; A++ AM Best
- Lincoln Financial — strong for business owners and buy-sell agreements; A+ AM Best
- Corebridge Financial (formerly AIG) — broad underwriting, good for tobacco users; A AM Best
- Haven Life (online, backed by MassMutual) — fully digital application, instant decision up to $3M
Connecticut requires that term policies issued in the state include conversion rights — the right to convert your term coverage to a permanent policy (whole life or UL) without new medical underwriting, up to certain age limits (typically age 65–70). This is an extremely valuable right if your health changes during the term period. Conversion ensures that a Connecticut resident who develops a serious illness at age 52 can still obtain permanent life insurance protection at their original health classification.
Whole Life Insurance in Connecticut 2026: Permanent Protection and Cash Value
Whole life insurance provides a guaranteed death benefit for your entire lifetime, accumulates cash value at a guaranteed minimum rate, and — from mutual carriers like MassMutual, New York Life, and Northwestern Mutual — may pay annual dividends that increase the policy’s cash value and death benefit over time. Premiums are significantly higher than term for the same face amount, but they are level and guaranteed never to increase.
Whole Life vs. Term Life — Monthly Premium Comparison for CT Residents, $500,000 Face Amount
| Age / Gender | 20-Year Term | Whole Life (Pay to 65) | Whole Life (Lifetime Pay) |
|---|---|---|---|
| 35M | $29 | $610 | $450 |
| 35F | $24 | $520 | $390 |
| 45M | $72 | $1,050 | $780 |
| 45F | $57 | $870 | $640 |
Best Use Cases for Whole Life Insurance for CT Residents
- Estate planning: CT estate tax exemption is only $2 million — whole life inside an ILIT can pay estate taxes without forcing heirs to sell assets
- Permanent income replacement: Breadwinners with lifelong dependents (special-needs children, disabled spouses) need lifetime coverage — not term that expires
- Business succession and buy-sell agreements: Permanent coverage for key-person insurance or to fund buy-sell agreements at any age
- Final expense: Modest whole life policies ($10K–$25K) guarantee funeral and burial costs are covered regardless of when death occurs
- Cash value accumulation: Tax-deferred cash value that can be borrowed against tax-free for emergencies, college funding, or supplemental retirement income
- Dividend-paying policies from mutual companies: In 2026, top CT-licensed mutual carriers are projecting dividend scales of 5.5–6.5%, though dividends are not guaranteed
A Connecticut couple with a combined estate of $3.5 million faces a CT estate tax bill of approximately $138,000 (using the 2026 graduated rate table). A $200,000 second-to-die whole life policy inside an ILIT can fund that tax bill at a net cost of $40,000–$70,000 in lifetime premiums — compared to $138,000 paid directly from the estate. This is one of the most common uses of whole life insurance for affluent Connecticut families.
Universal Life Insurance in Connecticut: Flexible Premiums and Adjustable Benefits
Universal life (UL) insurance is a form of permanent life insurance that separates the insurance cost from the savings component, giving policyholders flexibility to adjust both premiums and the death benefit within certain limits. Unlike whole life where premiums are fixed, UL policyholders can pay more in high-income years to build cash value faster or reduce premiums in lower-income years as long as sufficient cash value exists to cover the cost of insurance.
Types of Universal Life Available in Connecticut
- Traditional UL: Cash value earns a declared interest rate (typically 2–4% in 2026); lower cost than whole life but interest-sensitive
- Guaranteed UL (GUL): Locks in a guaranteed death benefit to a specific age (often age 90, 95, 100, or 121); minimal cash value but lower cost than whole life for pure death benefit
- Variable UL (VUL): Cash value invested in market sub-accounts; growth potential tied to investment performance but carries market risk
- Indexed UL (IUL): Cash value tied to stock market index (typically S&P 500) with a 0% floor — detailed in the next section
Connecticut residents choose UL over whole life primarily for cost and flexibility reasons. A Guaranteed UL policy providing a $500,000 death benefit to age 100 for a 50-year-old male might cost $450/month — compared to $780/month for a traditional whole life policy with the same death benefit. If your primary goal is a permanent death benefit (not cash accumulation), GUL is often the most cost-efficient solution. Conversely, if you want guaranteed cash value growth with no investment risk, dividend-paying whole life from a mutual company remains the strongest option.
Indexed Universal Life (IUL) in Connecticut: Tax-Advantaged Retirement Supplement
Indexed universal life (IUL) insurance is the fastest-growing life insurance product in Connecticut in 2026. IUL ties your policy’s cash value growth to the performance of a stock market index — typically the S&P 500 — with a 0% floor (you never lose cash value due to market declines) and a participation rate and/or cap limiting your maximum credited interest. Connecticut residents are using IUL as a tax-advantaged supplement to their 401(k) and IRA retirement savings.
How IUL Crediting Works — S&P 500 Annual Point-to-Point, Typical 2026 CT Terms
| Parameter | Typical 2026 Range | Impact on Cash Value |
|---|---|---|
| Floor | 0% | Cash value never decreases due to market losses |
| Cap (annual point-to-point) | 9%–13% | Maximum credited in any one year — capped if S&P 500 exceeds this |
| Participation Rate (uncapped strategies) | 100%–140% | Your share of index gains before spread deduction |
| Spread (uncapped strategies) | 0.5%–2% | Deducted from index return before crediting |
| Bonus Multiplier (select carriers) | 15%–50% of base credit | Added to credited interest; may have vesting period |
Because IUL cash value grows tax-deferred and can be accessed via tax-free policy loans, high-income Connecticut residents use IUL as a Roth-IRA-like vehicle after maxing out qualified retirement accounts. For a 45-year-old Connecticut professional contributing $3,000/month to an IUL for 20 years, the projected tax-free retirement income (via loans) can rival an equivalent taxable investment account — especially given Connecticut’s 6.99% state income tax rate on retirement income. However, IUL performance projections shown in illustrations must be stress-tested against lower crediting scenarios; the NAIC requires all IUL illustrations to show performance at 0% credited interest as well.
Sources: NAIC Life Insurance Consumer Alert
Connecticut residents should always request the AG 49-B compliant illustration from their agent, which uses standardized maximum illustrated rates to prevent inflated projections. Ask to see the policy performance at both the illustrated rate and a rate 1–2% lower. Lapse risk — where the policy runs out of cash value and terminates — is real if premiums are set too low or performance is worse than projected.
Final Expense (Burial) Insurance in Connecticut: Simplified Issue for CT Seniors
Final expense insurance is a small whole life policy — typically $5,000 to $25,000 in face amount — designed specifically to cover funeral, burial, and end-of-life costs. It uses simplified underwriting (a short health questionnaire, no medical exam) or guaranteed issue (no health questions at all for ages 50–85). Monthly premiums are level and coverage is permanent. Final expense insurance is especially relevant for Connecticut seniors who missed the window for larger term or whole life policies due to health changes.
Sample Final Expense Monthly Premiums for CT Residents — $15,000 Face Amount
| Age | Preferred (Simplified Issue) | Standard (Simplified Issue) | Guaranteed Issue |
|---|---|---|---|
| 60M | $47 | $62 | $89 |
| 60F | $37 | $49 | $71 |
| 70M | $78 | $103 | $148 |
| 70F | $62 | $82 | $118 |
| 80M | $145 | $195 | $280 |
| 80F | $115 | $155 | $225 |
Guaranteed issue final expense policies sold to Connecticut residents typically include a graded death benefit: during the first 2 years of the policy, beneficiaries receive only the return of premiums paid plus interest (often 10%) rather than the full face amount. After year 2, the full death benefit is payable. This graded period is standard across all guaranteed issue carriers and is required to manage adverse selection. The Connecticut Insurance Guaranty Association (CTIGA) protects final expense policyholders up to $500,000 in death benefit — far exceeding the small face amounts of most final expense policies.
Top Final Expense Carriers Licensed in Connecticut 2026
- Mutual of Omaha — leading final expense carrier nationally; competitive rates; A+ AM Best
- Foresters Financial — simplified issue up to $35K; dividend-eligible; A AM Best
- Transamerica — broad underwriting including diabetics and some heart conditions; A AM Best
- American Amicable — good rates for age 70+; immediate benefit for many health conditions; A AM Best
- Royal Neighbors of America — strong guaranteed issue product; up to $20K; A AM Best
- CVS/Aetna — final expense product with pharmacy benefit integration; A AM Best
Group Life Insurance Through CT Employers: Benefits, Limits, and Portability
Most Connecticut employers with 10 or more employees offer group term life insurance as part of their benefits package, typically at 1x or 2x annual salary at no cost to the employee, with supplemental coverage available at low group rates. Group life is the most common first life insurance policy that CT workers obtain. However, group life has important limitations that all Connecticut employees should understand.
Key Limitations of CT Employer Group Life Insurance
- Coverage is tied to employment — if you leave your CT employer, coverage typically ends within 31 days; you must convert or port within that window
- Coverage amounts are often insufficient — 1–2x salary provides only $60,000–$100,000 for an average CT worker, a fraction of the 10–12x salary rule of thumb
- Employer controls the group contract — your employer can reduce or eliminate coverage as business circumstances change
- No cash value accumulation — group term builds nothing beyond the death benefit
- Portability: Federal law allows you to port group term coverage when leaving a CT employer, but portable premiums are typically much higher than individual coverage at comparable ages
- Conversion rights: CT law requires insurers to offer conversion to an individual policy (usually whole life) within 31 days of leaving employment, without proof of insurability
Connecticut financial planners consistently recommend that employees not rely solely on group life. Purchase an individual term or permanent policy while you are young and healthy — the premiums lock in at your current age and health status. If you later leave your employer or your employer eliminates the group benefit, your individual coverage continues uninterrupted at the original locked-in rate.
Connecticut Insurance Guaranty Association (CTIGA): How CT Protects Policyholders
The Connecticut Life and Health Insurance Guaranty Association (CTIGA) is the state-mandated safety net that protects Connecticut policyholders if a licensed insurance carrier becomes insolvent. All life and health insurance companies licensed in Connecticut are required by law to be members of CTIGA. In the event of carrier insolvency, CTIGA steps in to pay covered claims up to the statutory limits — giving CT policyholders protection that bank deposits have through FDIC.
CTIGA Coverage Limits for Life Insurance Policyholders
| Coverage Type | CTIGA Limit Per Person Per Carrier |
|---|---|
| Life insurance death benefit | $500,000 |
| Life insurance cash surrender value | $500,000 |
| Health insurance claims and benefits | $500,000 |
| Annuity present value | $500,000 |
| Long-term care insurance | $300,000 |
Connecticut residents can verify that their life insurance carrier is CT-licensed — and therefore covered by CTIGA — by searching the carrier’s name in the Connecticut Insurance Department’s online company lookup tool at portal.ct.gov/CID. Only carriers licensed in Connecticut are eligible for CTIGA protection. If you purchase a policy from an unlicensed carrier, you have no CTIGA protection. For face amounts above $500,000, experienced CT agents recommend splitting coverage between two or more carriers to maximize CTIGA protection.
CT Estate Tax and Life Insurance: Planning for the $2 Million Exemption
Connecticut imposes its own estate tax with a $2 million exemption for 2026 — far lower than the federal exemption (approximately $13.6 million for 2026). Connecticut’s estate tax uses a graduated rate schedule beginning at 10.8% on the first dollar above $2 million and reaching 12% on estates exceeding $10 million. This creates a significant planning challenge for middle-to-upper-income CT residents, and life insurance is one of the most powerful tools to address CT estate tax liability.
Sources: Connecticut Estate and Gift Tax
Connecticut Estate Tax Rates 2026 (Amounts Above the $2M Exemption)
| Taxable Estate Amount | Rate | Estimated Tax |
|---|---|---|
| First $700K above exemption ($2M–$2.7M) | 10.8% | $75,600 |
| Next $300K ($2.7M–$3M) | 11.0% | $33,000 |
| Next $1M ($3M–$4M) | 11.4% | $114,000 |
| Next $1M ($4M–$5M) | 11.6% | $116,000 |
| Over $5M | 12.0% | 12% on excess |
Life insurance proceeds included in your estate are subject to Connecticut estate tax. To remove them, Connecticut estate planning attorneys routinely recommend an Irrevocable Life Insurance Trust (ILIT). An ILIT owns the life insurance policy and receives the death benefit — which then passes to your beneficiaries free of both federal and CT estate tax. The ILIT must be properly structured: you cannot be the trustee, you must survive the policy transfer by 3 years (to avoid inclusion under the Connecticut lookback rules parallel to federal IRC Section 2035), and annual gift tax exclusions ($18,000 per beneficiary per year for 2026) are used to fund premium payments.
A Wilton, CT couple has a combined estate of $4.5 million — facing approximately $263,000 in CT estate tax. They establish an ILIT and purchase a $500,000 second-to-die whole life policy with annual premiums of $12,000 paid via gift tax exclusion. Over 30 years, total premium paid is $360,000. The ILIT receives $500,000 income- and estate-tax-free, more than covering the estimated tax bill — and returning a net benefit to heirs. Their estate attorney and independent life insurance broker coordinate the structure.
CT Life Insurance Regulation: What Connecticut Policyholders Must Know
The Connecticut Insurance Department enforces robust consumer protection rules for life insurance sold in the state. Connecticut policyholders have specific legal rights that all buyers should understand before purchasing any life insurance policy.
Key CT Life Insurance Consumer Protections
- Free look period: Connecticut requires a minimum 10-day free look period for all life insurance policies — you can return any policy within 10 days of delivery for a full refund of premiums paid, no questions asked
- Incontestability clause: After a Connecticut life insurance policy has been in force for 2 years, the insurer cannot deny a claim or rescind the policy based on misrepresentation in the application (except for fraud)
- Grace period: Connecticut law requires a minimum 31-day grace period for life insurance premium payments — coverage continues during the grace period
- Replacement regulation: If you replace an existing CT life insurance policy, the insurer must provide a comparison of your old and new policies; your agent must sign a Notice Regarding Replacement
- Insurable interest: Connecticut requires that the policy owner have an insurable interest in the insured at the time the policy is issued — you cannot take out a policy on a stranger
- Suicide exclusion: CT life policies typically exclude suicide during the first 2 years — after 2 years, death by suicide is covered under Connecticut policies
- Nonforfeiture benefits: If you stop paying premiums on a permanent life policy, CT law requires that the carrier offer paid-up insurance or extended term insurance using any accumulated cash value
How to Choose a CT Life Insurance Agent in 2026: Captive vs. Independent
Choosing the right life insurance agent is as important as choosing the right policy. Connecticut residents have two main choices: captive agents (who represent a single carrier) and independent agents or brokers (who can quote and place business with multiple carriers). For most Connecticut consumers, an independent agent provides a significant advantage — access to the full CT marketplace rather than one company’s product line.
Sources: CT Producer Licensing Lookup
Captive vs. Independent Life Insurance Agent in Connecticut
| Factor | Captive Agent | Independent Agent/Broker |
|---|---|---|
| Carriers represented | One company only | Multiple carriers (typically 10–30+) |
| Price shopping | Cannot compare | Compares rates across market |
| Best for complex needs | Limited | Strong — can match product to need |
| Policy replacement guidance | Biased toward own carrier | Objective across all options |
| Career continuity | Tied to employer | Independent business |
| License verification | portal.ct.gov/CID | portal.ct.gov/CID |
Connecticut residents should always verify that their life insurance agent holds a valid Connecticut producer license before doing business. The CT Insurance Department maintains a free, searchable producer license lookup at portal.ct.gov/CID/Producer-Services/Producer-Licensing. Enter the agent’s name or license number to confirm their license is active and in good standing. A licensed CT producer must complete 24 hours of continuing education every 2 years, including 3 hours of ethics, to maintain their license.
Questions to Ask a CT Life Insurance Agent Before Buying
- How many life insurance carriers do you represent in Connecticut?
- Can you provide quotes from at least 5 different carriers for my coverage need?
- How are you compensated — are there any carriers that pay you a higher commission?
- Can you show me your CT producer license number so I can verify it at portal.ct.gov/CID?
- What happens if I need to file a claim — will you assist me with the process?
- Have you worked with clients in my specific situation (estate planning, business coverage, final expense)?
- Can you show me a side-by-side comparison of at least three different policy options?
Life Insurance Needs by CT Life Stage: A Framework for Every Age
Life insurance needs evolve significantly through life’s major stages. Connecticut residents at different ages and life situations require different coverage types, face amounts, and planning strategies. The Insurance Information Institute recommends a life insurance needs analysis that accounts for income replacement, outstanding debt, future obligations, and final expenses.
Sources: III: How Much Life Insurance Do I Need?
Life Insurance Needs by CT Life Stage 2026
| Life Stage | Primary Need | Recommended Type | Typical Face Amount | CT-Specific Considerations |
|---|---|---|---|---|
| Single, 20s–30s, no dependents | Final expense, debt coverage | 10–20-year term or small whole life | $100K–$300K | Lock in low rates now while young and healthy |
| Young family, 30s–40s | Income replacement, childcare, mortgage | 20–30-year term | $500K–$1.5M | CT median home price $400K+ means large mortgage coverage need |
| Business owner, any age | Key-person, buy-sell | Term or permanent (GUL/whole life) | $500K–$5M+ | Business life insurance premium not deductible but proceeds generally tax-free |
| Pre-retiree, 50s–60s | Estate planning, income replacement | GUL or IUL | $250K–$1M+ | CT estate tax at $2M exemption is primary driver for this segment |
| Senior, 65+ | Final expense, estate equalization | Final expense or whole life | $10K–$100K | CT guarantee association protection for simplified/guaranteed issue policies |
| High-net-worth, any age | Estate tax funding, wealth transfer | Second-to-die whole life in ILIT | $500K–$5M+ | CT estate tax exemption $2M makes ILIT strategy very common |
Case Study: Young Family in West Hartford
David and Sarah Chen, both 34, purchased a home in West Hartford with a $425,000 mortgage and have two children ages 3 and 5. David earns $95,000 and Sarah earns $72,000. They need income replacement if either dies. A We Find Your Insurance analysis recommended: David — $750,000 30-year term at $46/month (Protective Life, Preferred Plus); Sarah — $600,000 30-year term at $36/month (Banner Life, Preferred Plus). Total monthly premium: $82. Combined coverage of $1.35 million ensures the surviving spouse can pay off the mortgage, fund childcare and education, and replace income until their youngest is 33. They were also encouraged to add a $50,000 whole life policy each for future estate planning flexibility.
Connecticut residents who want to understand mortality statistics underlying life insurance pricing can reference the Social Security Administration’s actuarial life tables, which show life expectancy by age and gender and are the foundation for the mortality data insurers use in pricing. Understanding your statistical life expectancy helps contextualize both the cost of term insurance and the value of permanent coverage that extends to life expectancy or beyond.
Sources: SSA Actuarial Life Tables
CT Life Insurance Decision Framework: How to Choose the Right Policy
Step-by-Step Life Insurance Decision Framework for Connecticut Residents
- Step 1 — Quantify your need: Income replacement (10–12x annual income), debt payoff (mortgage, car, student loans), childcare costs, future education funding, and final expenses — DIME method is a reliable starting point
- Step 2 — Determine duration: If your need is temporary (mortgage, income replacement until retirement), term is appropriate. If your need is permanent (estate planning, business, final expense), consider permanent coverage
- Step 3 — Compare temporary vs. permanent cost: Get quotes for both 20–30-year term AND permanent alternatives — the cost difference often surprises CT shoppers in both directions
- Step 4 — Evaluate CT estate tax exposure: If your estate approaches $2 million, involve a CT estate planning attorney and discuss ILIT strategy before purchasing
- Step 5 — Verify carrier strength: Only purchase from carriers with AM Best A- or better ratings; verify CT licensure at portal.ct.gov/CID
- Step 6 — Work with an independent CT agent: Get quotes from at least 5 carriers; ask for the quote sheet showing all available rate classes
- Step 7 — Read the illustration carefully: Review the guaranteed column (not just non-guaranteed projections) for any permanent life policy; do not rely solely on illustrated values
- Step 8 — Use the free look period: Connecticut requires a 10-day free look — if you are not satisfied, return the policy within 10 days for a full refund
We Find Your Insurance is a Connecticut-based independent insurance brokerage representing 30+ life insurance carriers licensed in CT. We provide free, no-obligation life insurance comparisons for every type: term, whole life, UL, IUL, and final expense. Our independent status means we recommend the carrier and product that best fits your situation — not the one that pays the highest commission. Call 860-856-0978 or visit wefindyourinsurance.com to get your free CT life insurance quote and needs analysis.