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why is massachusetts excluded from affordable life insurance companies such as colonial penn?

and mutual of omaha.

Public Comments

1. its all politics, really
2. Each insurer makes it's own decision on whether to operate in a particular state and what specific products to offer - usually driven by state laws.
3. In order to be approved to sell insurance in a state, the insurance company must be willing and able to comply with the state laws. Massachusetts is a highly regulated state, and Colonial Penn just doesn't want to deal with the legal requirements. Among other things, Massachusetts does NOT allow different rates to be charged, based on your gender. So even though teenage boys cause more accidents, teenage girls pay the same for car insurance. And even though women don't die as early as men, women pay the same higher life insurance rates, too. Colonial Penn isn't excluded. They just don't want to go to that party.
4. "Affordable life insurance" is relative. The state might have regulations that stop life insurance that doesn't pay the full face value right away.
5. Because the company chooses to exclude them for business reasons. If a company's policies do not comply with a state's regulations, that company may simply choose not to do business in that state.
6. There are many companies available in Massachusetts that offer affordable life insurance, and may offer you better rates than the companies you mention here.