What happens to my life insurance policy if I move to another state?
Asked 2 years ago
When a policyholder moves to another state, the effect on their life insurance policy largely depends on the specific terms of the policy and the regulations of the new state. Generally, life insurance policies are portable, meaning that they remain in force even if an individual relocates. However, there are a few considerations to keep in mind.
The policyholder should review their life insurance contract, as some policies may have clauses that could affect coverage based on state residence. It is also important to inform the insurance company about the change in address, as this ensures that the policy remains valid and up to date. In addition, the new state may have different regulations concerning insurance policies, which could potentially impact things like premium calculations or tax implications.
It is advisable to research the differences in life insurance laws between the current state and the new state. For more specific guidance tailored to individual circumstances or to understand how a move might affect one's policy, policyholders may want to refer to the current official Jackson National Life Insurance website or their designated customer resources for detailed information.
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