Kansas Department of Insurance
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Shopper’s Guide
Take a comprehensive look into the considerations that should influence a buyer’s decision when purchasing life insurance or investing in an annuity. This booklet can provide you with the basic knowledge you need to make an informed decision about your financial future.
Life, Annuities and Long-Term Care Shopper's Guide
Selling Your Life Policy
Questions about selling your life insurance policy? Find out how to make an informed decision and more by contacting the Kansas Department of Insurance: 800-432-2484 (in Kansas only); or 785-296-3071 (out-of-state callers). View, Download and Print your own copy of Selling Your Life Policy.
Investing in a Viatical Settlement
Viatical settlements allow life insurance policyholders to sell their policies for an immediate cash benefit. Before you invest, make sure you’re aware of risks and other considerations. View, Download and Print your own copy of Investing in a Viatical Settlement.
Overview of Annuities
Fixed or Variable? Immediate or Deferred? Learn the differences between these annuity options and more. View, Download and Print your own copy of Overview of Annuities.
Introduction to Long-Term Care
What is Long-Term Care?
Long-term care is the help you may need if you are unable to care for yourself because of a prolonged illness or disability. People often think of long-term care as taking place in a nursing home. In fact, “long-term care” refers to a variety of private and semi-private care situations and services, including home health care, adult day care, and nursing facilities.
The Kansas Partnership for Long-Term Care
The Long-Term Care Partnership Program is a public/private cooperative program that allows states to be designated as Partnership states under the Deficit Reduction Act of 2005. Insurance policies must meet the state and federal Partnership requirements.
People who purchase qualifying long-term care policies, after depleting their insurance benefits, may still qualify for Medicaid, provided they meet all other Medicaid eligibility criteria.
The Long-Term Care Partnership Program provides dollar-for-dollar asset protection. Each dollar that your Partnership policy pays out in benefits entitles you to keep a dollar of your assets if you ever need to apply for Medicaid Services.
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Life Insurance Policy and Annuity Search Request
Life Insurance Policy and Annuity Search Request the Kansas Department of Insurance, along with the National Association of Insurance Commissioners (NAIC), can help consumers locate and identify individual life insurance policies or annuity contracts of a deceased policyholder.
The NAIC Life Policy Locator can assist you as consumers in locating life insurance policies and annuity contracts of a deceased family member or close relationship.