State Life Fund
Updated: 04 December 2024
What Does State Life Fund Mean?
A state life fund is a government-sponsored life insurance program offered by a state to its residents. For example, the Wisconsin State Life Fund provides this type of insurance to Wisconsin residents.
Insuranceopedia Explains State Life Fund
A state life fund is a government-sponsored life insurance option that serves as an alternative to obtaining coverage through a private insurer or an employer. While provided by the government, individuals must still apply for coverage and pay premiums. One key distinction between state life funds and private life insurance companies is that state life funds are generally exempt from federal income taxes.
Synonyms
State Life Funde
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