--- title: Life Insurance in Arkansas: Quotes and State Rules url: https://coverfolk.com/states/arkansas updated: 2026-10-08 --- # Life insurance in Arkansas Free quotes from licensed Arkansas agents, plus the state rules that protect you, in plain words. [Your rights](#rights) Updated October 8, 202615 sources[Fact checked](/editorial-standards) Arkansas The short answer In Arkansas, you get at least 10 days to return a new life policy for a refund, a 30 day grace period if you miss a payment, and up to $300,000 of protection if your insurance company fails. ## Your rights in Arkansas Free look : 10 daysReturn a new policy for a full refund. Grace period : 30 daysCoverage stays on while you catch up. Safety net : $300,000Death benefit protection. Cash value: $300,000. State help line : [1-800-852-5494](tel:18008525494)Arkansas Insurance Department 10 days from delivery to return the policy for a premium refund (Ark. Code 23-79-112(f)). 30 days, or one month of at least 30 days, for premiums after the first (Ark. Code 23-81-104). * If an Arkansas insurer does not pay a covered loss in the time the policy allows after you ask, a court adds a 12% penalty plus fair lawyer fees (Ark. Code 23-79-208). * In Arkansas, once your policy has been in force for two years while you are alive, the insurer can no longer fight it, except for fraud or unpaid premiums (Ark. Code 23-81-105). ## Who lives in Arkansas About 3.1 million people live in Arkansas. We help people in Little Rock, Fayetteville, Fort Smith and the towns in between. **66.4%**of homes are lived in by the owner. Median value $188,000. **18.2%**of people are 65 or older **173,377**veterans live here **$60,773**median household income Census QuickFacts, American Community Survey 2020 to 2024. The 65 and over share is a Census population estimate for July 1, 2024. ## What people in Arkansas look for **Mortgage protection** With 66.4% of homes owned and a median value of $188,000, a lot of families want the house covered. [More on mortgage protection](/coverage/mortgage-protection) **Final expense** 18.2% of people here are 65 or older. A small policy keeps funeral costs off your family. [More on final expense](/coverage/final-expense) **Term life** The lowest price for the most coverage while the kids are young. [More on term life](/coverage/term-life) **Veterans** 173,377 veterans live in Arkansas. See what goes beyond VGLI. [More on veterans](/jobs/veterans) ## Common questions in Arkansas What is the free look period for life insurance in Arkansas? Arkansas gives you at least 10 days to review a new individual life policy and return it for a refund. 10 days from delivery to return the policy for a premium refund (Ark. Code 23-79-112(f)). Source: [Arkansas free look law](https://law.justia.com/codes/arkansas/title-23/subtitle-3/chapter-79/subchapter-1/section-23-79-112/) What happens if I miss a payment in Arkansas? Arkansas law gives at least a 30 day grace period. 30 days, or one month of at least 30 days, for premiums after the first (Ark. Code 23-81-104). Source: [Arkansas grace period law](https://law.justia.com/codes/arkansas/title-23/subtitle-3/chapter-81/subchapter-1/section-23-81-104) What if my life insurance company goes out of business in Arkansas? The Arkansas Life & Health Insurance Guaranty Association steps in. It protects up to $300,000 in death benefits and $300,000 in cash value, per insured person, as of June 2025. Source: [Arkansas Life & Health Insurance Guaranty Association](http://www.arlifega.org) · [NOLHGA: how you are protected](https://nolhga.com/policyholders/how-youre-protected/) Who regulates life insurance in Arkansas? The Arkansas Insurance Department. You can call its consumer help line at 1-800-852-5494 or visit insurance.arkansas.gov to check an agent's license or file a complaint. Source: [Arkansas Insurance Department](https://insurance.arkansas.gov) Can I get a life insurance quote online in Arkansas? Yes. Coverfolk works with licensed agents in Arkansas. Answer a few questions, confirm your phone with a text code, and an agent shows you real prices. It is free. Source: [Arkansas Insurance Department](https://insurance.arkansas.gov) ## Sources 1. [Census QuickFacts Arkansas (ACS 2020-2024)](https://www.census.gov/quickfacts/fact/table/AR/PST045224) 2. [NOLHGA: How You're Protected (coverage as of June 1, 2025)](https://nolhga.com/policyholders/how-youre-protected/) 3. [NOLHGA: Contact My Guaranty Association](https://nolhga.com/policyholders/contact-my-guaranty-association/) 4. [NOLHGA: Arkansas guaranty association law summary](https://members.nolhga.com/factsandfigures/main.cfm/location/statedetail/stateID/4) 5. [Ark. Code R. 054.01.20-008, Rule 49 guaranty notices (Cornell LII)](https://www.law.cornell.edu/regulations/arkansas/054-01-20-Ark-Code-R-008) 6. [Ark. Code 23-79-112 (Justia)](https://law.justia.com/codes/arkansas/title-23/subtitle-3/chapter-79/subchapter-1/section-23-79-112/) 7. [Ark. Code 23-81-104 (Justia)](https://law.justia.com/codes/arkansas/title-23/subtitle-3/chapter-81/subchapter-1/section-23-81-104) 8. [Ark. Code 23-81-105 (Justia)](https://law.justia.com/codes/arkansas/title-23/subtitle-3/chapter-81/subchapter-1/section-23-81-105) 9. [National Standard Insurance v. Westbrooks, 331 Ark. 445 (1998), on Ark. Code 23-79-208](https://cite.case.law/ark/331/445/) 10. [Arkansas Insurance Department Contact](https://www.insurance.arkansas.gov/contact/) 11. [Census Reporter: Arkansas profile (ACS 2024 1 year)](https://censusreporter.org/profiles/04000US05-arkansas/) 12. [Visual Capitalist: Median rent by state (Census ACS 2024 1 year, table B25064)](https://www.visualcapitalist.com/mapped-median-rent-by-u-s-state/) 13. [HomeSnacks: US housing statistics (Census ACS 2024 1 year: owner rate, median home value)](https://www.homesnacks.com/us-housing-statistics/) 14. [KFF: Median annual household income by state (Census ACS 2024 1 year)](https://www.kff.org/state-health-policy-data/state-indicator/median-annual-income/) 15. [Census population estimates, July 1, 2024 (share 65 and over)](https://www.census.gov/quickfacts/fact/table/MS,AR,AL/PST120219) 16. [Arkansas Insurance Department](https://insurance.arkansas.gov) 17. [Arkansas Life & Health Insurance Guaranty Association](http://www.arlifega.org) This is a plain summary of state rules, not legal advice. Your policy and the law control. Call the Arkansas Insurance Department if you have a problem with a company or agent. More for Arkansas ## More Arkansas guides [Final expense in Arkansas](/states/arkansas/final-expense)[Mortgage protection in Arkansas](/states/arkansas/mortgage-protection)[En español](/es/estados/arkansas) Other states ## We also work in [**Alabama**AL](/states/alabama)[**Georgia**GA](/states/georgia)[**Indiana**IN](/states/indiana)[**Kentucky**KY](/states/kentucky)[**Louisiana**LA](/states/louisiana)[**Michigan**MI](/states/michigan)[**Mississippi**MS](/states/mississippi)[**Missouri**MO](/states/missouri)[**North Carolina**NC](/states/north-carolina)[**Ohio**OH](/states/ohio)[**Pennsylvania**PA](/states/pennsylvania)[**South Carolina**SC](/states/south-carolina)[**Tennessee**TN](/states/tennessee)[**Texas**TX](/states/texas)