Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
As a stand alone financial issue life insurance is not required in Ohio or any other state except by court decree in a divorce settlement. Banks may require life insurance to indemnify them against loan defaults because of the death of a business owner or partner. Thus far the state hasn't equated life insurance with healthcare as mandatory.
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As an experienced Ohio broker (32 years of experience), I'll answer the question.
No. That was simple! You are not required to purchase life insurance in Ohio.
For additional information regarding Ohio life insurance prices, consult an experienced broker who lives in Ohio and who is a FULL-TIME agent as opposed to a consultant, navigator or any other part-time position.
An experienced agent/broker will shop the major carriers for you and provide expert advice in the state they are most familiar with...Ohio!
The State of Ohio does not require Ohio residents to purchase life insurance. They also do not require employers to provide life insurance. Life insurance is still a voluntary purchase in every state, and you are free to purchase the amount and type of policy you want, and that fits your budget.
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No. That was simple! You are not required to purchase life insurance in Ohio.
For additional information regarding Ohio life insurance prices, consult an experienced broker who lives in Ohio and who is a FULL-TIME agent as opposed to a consultant, navigator or any other part-time position.
An experienced agent/broker will shop the major carriers for you and provide expert advice in the state they are most familiar with...Ohio!