do you have to be a resident for life and health insurance?
Do you have to be a resident for life and health insurance?
my hubby and i are moving out of state for school and would like to set up life and health insurance. he will be working part time and going to school part time, i will be going to school full time. do you have to be living in my new state for a certain amount of time to qualify for health/life insurance?
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4 Responses
1.31.2010
Best Answer – Chosen by Voters No, you don't have to live there a certain period of time. Your life insurance can be purchased anywhere – but your health insurance should be from the state you're living in, as coverages vary by state, as do local providers. Source(s): agent, 21+ years
1.31.2010
Genrally speaking, for life insurance you don't have to be a resident. Most life insurance requires that you sign the application in the state that it will be issued in. There are exceptions so check with an agent in the state that you will be moving to. Health insurance can be a different issue but as long as you are moving to a new state and not just visiting, you should be ok. There shouldn't be a time frame for qualification, just that you are living there.
1.31.2010
Don't have to be a resident for life insurance, it's portable and you can take it when you go. Your health is another matter, if you've already purchased it before the move there could be stipulations that you use network doctors and hospitals especially if you have a HMO type policy. If you haven't purchased it yet then you are OK, you will be able to purchase health insurance depending on your health status right from the start although I would at least establish some type of utility bill in your name before applying. Best wishes to you on your relocation. Source(s): independ health & life agent, 13 years
1.31.2010
Once you move to the new state you may purchase health insurance immediately in that state. Most insurance carriers require that you live in the state that you purchased the health insurance at least six months out of the year for it to remain active.If you know your new address already in the state you are moving to, I would apply online for health insurance a month before moving so that it is in place when you arrive. The local Blue Cross Blue Shield's website will have pricing, and the ability to apply online. Source(s): http://www.higginscompanies.com