West Virginia Overview


Top 10 Largest Cities

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West Virginia State Facts
  • West Virginia was named for Queen Elizabeth I of England (she was known as the Virgin Queen)
    • Charleston, WV is the largest city

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April 11, 2011

West Virginia is located in the Mid-Atlantic and Appalachian regions of the US. The capital of West Virginia is Charleston which is also the largest city of the state. Before the European settlers arrived, West Virginia was formerly a popular hunting ground for Native Americans. In terms of area, West Virginia is 41st largest US state. Life expectancy in West Virginia is 75.1 years.

If you are a resident of West Virginia, purchasing a life insurance policy can prove to be a smart choice. By having a life insurance policy, you can ensure that your family members will have some financial assistance, after you are no longer with them. West Virginia life insurance is a contract between you and your insurance provider to pay a certain amount to your beneficiaries (to compensate your income and cover other expenses) in the event of your death.

The West Virginia life insurance industry is regulated as per the Title 39 of the West Virginia Revised Code. These legislative acts delineate the policy requirements and claims procedures for the protection and benefit of the consumers (policy-holders) and insurance providers in the state.

West Virginia Life Insurance Regulations:

  • Grace Period:

  • Death Benefit Processing:

    As per the West Virginia life insurance law, it is necessary for the insurance providers in the state to ensure swift and prompt reasonable payment of death benefits to the beneficiaries of the policy holder. If all the documentation or paper-work concerning the insurance policy is in order, it is mandatory for the insurance companies to pay the death benefits within 30 days. Life insurance claims that are not settled within the stipulated time will start accruing a certain amount of interest.

    The West Virginia Life Insurance Guarantee Association:

    This association ensures that the beneficiaries of the policy holders receive death benefit payments, even in the event their insurance company becomes insolvent. For your beneficiaries to receive the privileges offered by this association, it is necessary for you to obtain your life insurance policy from a licensed insurance provider.

    There are certain restrictions associated with the privileges offered by this association. For instance, the compensation for lost cash values cant exceed $100,000 whereas the compensation for lost death benefits cant go beyond $300,000 per insured person. You need to note that these restrictions apply even in case you decide to purchase multiple insurance policies with a higher total coverage amount.

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