Wisconsin State Life Fund

DEFINITION of 'Wisconsin State Life Fund'

A life insurance distribution system available to residents of Wisconsin. The Wisconsin State Life Fund is a state-sponsored life insurance program. The state of Wisconsin underwrites and sells life insurance policies to Wisconsin residents who apply for the policies. The Wisconsin State Life Fund is a nonprofit organization that receives no state subsidies, is not allowed to use commissioned agents, does not advertise and is exempt from federal income tax. As a result, the fund's overhead expenses are minimal.

BREAKING DOWN 'Wisconsin State Life Fund'

The Wisconsin State Life Fund was launched in 1911 in reaction to a scandal involving improper practices by some life insurance companies operating within the United States. The fund was set up to provide residents of Wisconsin with access to life insurance at the lowest possible cost.

RELATED TERMS
  1. Wisconsin School of Business

    The school of business at the University of Wisconsin-Madison. ...
  2. Adjustable Life Insurance

    A type of life insurance that combines features of term and whole ...
  3. Universal Life Insurance

    A type of flexible permanent life insurance offering the low-cost ...
  4. Wholesale Life Insurance

    A type of employer-sponsored protection against the loss of income ...
  5. United States Government Life Insurance ...

    A life insurance program established in 1919 to provide term, ...
  6. Valued Policy Law - VPL

    A statute that requires insurance companies to pay the full value ...
Related Articles
  1. Economics

    State Employment Trends: Does a Low Tax/Right-to-Work/Low Minimum Wage Regime Correlate to Growth?

    Employment in Governor Walker’s Wisconsin, as in Governor Brownback’s Kansas, has lagged behind that of the United States (and behind that of Governor Dayton’s Minnesota and Governor Brown’s ...
  2. Insurance

    Whole or Term Life Insurance: Which Is Better?

    Learn the difference between term life insurance and whole life insurance. Understand when it is beneficial to buy each type of life insurance.
  3. Insurance

    4 Things That Keep You From Getting Life Insurance

    We look at four common reasons people give for not applying for life insurance, and see if they're legitimate.
  4. Insurance

    Which Life Insurance is Right For You?

    Consumers have choices when it comes to life insurance. Knowing your future needs for cash or retirement can make the difference in what you select.
  5. Insurance

    What's Better: Whole Life or Term Insurance?

    Life insurance can be a difficult decision to make, especially for a young adult. Here's a look at the benefits and costs of getting whole life insurance.
  6. Insurance

    Getting Life Insurance in Your 20s Pays Off

    Find out how Americans in their 20s can benefit from a well-thought-out life insurance policy, especially if they are able to build cash value for retirement.
  7. Financial Advisors

    Tips for Helping Clients with Life Insurance Needs

    Life insurance needs will likely change over the client’s lifetime and again financial advisers can provide an objective sounding board.
  8. Budgeting

    The Complete Guide To Retirement Planning For 40-Somethings: Life Insurance

    If you have dependents who rely on your income, consider whether you need to purchase life insurance. Proceeds from your life insurance can be used for purposes such as: Providing replacement ...
  9. Insurance

    Choosing The Best Life Insurance Company For You

    What to consider before you choose the life insurance company that can give you the policy you need now – and meet your needs as your life evolves.
  10. Trading Strategies

    How Good An Investment Is Life Insurance?

    Compared to other options, does it ever make sense to include cash-value life insurance in your investment portfolio? A look at the pros and cons.
RELATED FAQS
  1. What is the difference between term and universal life insurance?

    Term life insurance is the most basic of insurance policies. It is nothing more than an insurance policy that provides protection ... Read Answer >>
  2. Can you do a life insurance to life insurance 1035 exchange after the new life insurance ...

  3. Who are the best-rated life insurance companies in the US?

    Learn about what makes an insurance company the best. Read about the best life insurance companies in the U.S. in 2014, following ... Read Answer >>
  4. How much life insurance is enough?

    There are many factors to consider when calculating life insurance. Some of those factors include marital status, dependents, ... Read Answer >>
  5. What are some examples of when insurance bundling is a bad idea?

    Learn about situations where insurance bundling may not be a favorable option. Bundling insurance is often a good idea, but ... Read Answer >>
  6. If an individual becomes a policyholder of a variable life insurance policy and ...

    The correct answer is b. Insurance companies issuing variable life policies must allow the holders of those policies to exchange ... Read Answer >>
Hot Definitions
  1. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  2. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  3. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  4. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  5. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  6. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
Trading Center