Is Life Insurance Governed By Erisa?
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63333 POINTSview profilePeggy MaceMost of the U.S.Life Insurance is not governed by ERISA unless it is provided by a non-government or non-exempted employer in a group benefit plan. ERISA does not govern privately held life insurance policies by individuals who purchased them, and ERISA does not oversee the benefits paid to someone with an individual plan purchases outside of work.Answered on June 25, 2013flag this answer
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaLife insurance is not governed by ERISA, the employee retirement income security act of 1974. Life insurance is governed by the state department of insurance. If the life insurance policy is a variable whole life or variable universal life, it is not only governed by the state department of insurance, but FINRA as well because it is a security.Answered on June 25, 2013+01+1 this answer
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