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Maine Life Insurance [2024]

Maine life insurance offers residents a 30-day grace period, guaranteed benefits in case of insurance company failure, and timely payment of death claims. Get affordable ME life insurance quotes to protect your loved ones.

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Written by:

Dorothea Hudson

Insurance and Finance Writer

Dorothea Hudson has been professionally writing in many spheres since 2013. She has written on entertainment, insurance, finance, travel, technology, AI, renewable energy, crypto, fundraising, and real estate for many websites. Her work has been published for British retailer Marks and Spencer, Kroger Magazine, the Vision Group, and more. Her passions include writing, music, running, travel, te...

Insurance and Finance Writer

Reviewed by:

Michael Leotta

Insurance Operations Specialist

Michael earned a degree in Business Management degree with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Au...

Insurance Operations Specialist

UPDATED: Feb 22, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.

Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

UPDATED: Feb 22, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.

Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

We offer Maine residents life insurance from several of the best ME life insurance companies. Life insurance is very similar from state to state with a few exceptions, so keep that in mind with your Maine life insurance rates.

However, this guide should help you understand the differences in Maine life insurance as well as find resources in your state. We’ll also show you how to get the best life insurance in Maine, but for clarity’s sake, make sure you understand the differences in the types of term life insurance.

Before we dive into this guide, find affordable Maine life insurance rates by clicking on our FREE quote tool above. Get started now.

Table of Contents

Maine Life Insurance Quotes

We offer Maine residents life insurance from several A-rated life insurance companies. Life insurance is very similar from state to state, with a few exceptions. This guide should help you understand the differences as well as find resources in your state.

Policy Cost – The premium (cost) you pay for your life insurance policy does not vary by state. It is the same regardless of which state you live in. Premiums are set by life insurance companies then approved by the State Insurance Department.

Company Availability – Not all companies are available in every state. For example, if a life insurance company has not filed its product or rates with your State Insurance Department, that company won’t be available in your state. Company availability changes often due to new filings.Read More: The Cost of Life Insurance

Product Availability – There are instances where life insurance companies offer only specific products or riders in a state. For example, a company may offer a child insurance rider on their policy, but the feature may not be available in all states. These exclusions can be viewed by clicking on the life insurance companies in the list below.

Maine life insurance also offers residents a 30-day grace period, guaranteed benefits in case of insurance company failure, and timely payment of death claims. 

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Life Insurance Rates in Maine

You may be wondering what to expect with Maine life insurance rates. In the chart below, you’ll find what the best life insurance companies in Maine charge based on age, marital status, and gender for non-smokers. However, it’s possible that your rates will be different, especially if you smoke.

You can also see how many life insurance companies there are in Maine versus the other northeastern states.

According to the chart, there are three Maine life insurance companies that specifically do business within the state. So, chances are, those three companies will offer the best life insurance in Maine. However, that doesn’t mean that your Maine life insurance policy options are limited. 

Check out our free quote tool on this page to find out exactly what your ME life insurance quotes will be.

Maine Guaranty Association

State guaranty associations are committed to protecting resident policyholders and beneficiaries in the event of an insurance company insolvency. The association is made up of all insurance companies licensed to sell life insurance, health insurance and annuities in the state. If an insurance company becomes insolvent (goes out of business), the association steps in to protect policyholders by continuing coverage and paying claims, up to defined limits. (For more information, read our “How to Sell Your Life Insurance Policy“).

In Maine, a life insurance policy is protected up to $300,000. This amount is the maximum benefit provided for any one life. In other words, multiple policies on any one person are limited to this amount.

Maine Life Insurance Contacts

Here is a list of all the necessary state contacts for residents with Maine life insurance claims and other related matters.

Guaranty Association

If you need information about a Maine life insurance or health insurance guaranty, contact the Maine Life & Health Insurance Guaranty Association at 1-207-633-1090 or visit the website.

Insurance Department

For the latest updates from the Maine Bureau of Insurance, call 1-800-300-5000 or visit the website. Here, you can learn about all things Maine state insurance, including looking up a Maine life and health insurance license and finding contact information for the Maine insurance consumer protection.

You can also access up-to-date information about Maine state retirement benefits, such as the Maine state retirement system rules. The Maine Department of Insurance is also your resource for Maine state retirement life insurance and Maine state retirement health insurance information.

Legal Info

QuickQuote is licensed to sell life insurance in Maine under Agency License Number AGN55787.

The licensed company principal is Tim Bain, Agent License Number PRN76975.

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Maine Life Insurance Companies

American General Life Insurance Company

Banner Life Insurance Company

Fidelity Life Association

Haven Life / MassMutual

John Hancock Life Insurance Company

Lincoln National Life Insurance Company

Metlife Life Insurance Company

North American Company for Life & Health Insurance

Pacific Life & Annuity Company

Principal Life Insurance Company

Protective Life Insurance Company

Pruco Life Insurance Company (Prudential)

Sagicor Life Insurance Company

The Savings Bank Life Insurance Company of Massachusetts (SBLI)

Transamerica Life Insurance Company

United of Omaha Life Insurance Company

Don’t wait — Use our free quote tool to get affordable life insurance rates in Maine. Get started now.

Frequently Asked Questions

What are the benefits of Maine life insurance?

What are the benefits of Maine life insurance?

Maine life insurance offers residents a 30-day grace period, guaranteed benefits in case of insurance company failure, and timely payment of death claims.

Do Maine life insurance quotes vary by state?

Do Maine life insurance quotes vary by state?

No, the premium (cost) you pay for your life insurance policy does not vary by state. It is the same regardless of which state you live in.

How many life insurance companies are there in Maine?

How many life insurance companies are there in Maine?

According to the chart, there are three Maine life insurance companies that specifically do business within the state. However, your Maine life insurance policy options are not limited to these companies.

How does the Maine Guaranty Association protect policyholders?

How does the Maine Guaranty Association protect policyholders?

The Maine Guaranty Association steps in to protect policyholders in the event of an insurance company insolvency. A life insurance policy is protected up to $300,000, which is the maximum benefit provided for any one life.

Where can I find contacts for Maine life insurance matters?

Where can I find contacts for Maine life insurance matters?

For information about Maine life insurance or health insurance guaranty, you can contact the Maine Life & Health Insurance Guaranty Association. For updates from the Maine Bureau of Insurance, you can visit their website or contact the Maine Insurance Department.

Your life insurance quotes are always free.

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Written by:

Dorothea Hudson

Insurance and Finance Writer

Dorothea Hudson has been professionally writing in many spheres since 2013. She has written on entertainment, insurance, finance, travel, technology, AI, renewable energy, crypto, fundraising, and real estate for many websites. Her work has been published for British retailer Marks and Spencer, Kroger Magazine, the Vision Group, and more. Her passions include writing, music, running, travel, te...

Insurance and Finance Writer

Reviewed by:

Michael Leotta

Insurance Operations Specialist

Michael earned a degree in Business Management degree with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Au...

Insurance Operations Specialist

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

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We've been helping people buy life insurance online for over 23 years. In fact, we launched our first website a full year before Google!

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