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. Whole Life Insurance Policy

    A life insurance contract with level premiums that has both an ...
  3. Wholesale Life Insurance

    A type of employer-sponsored protection against the loss of income ...
  4. Key Person Insurance

    A life insurance policy that a company purchases on a key executive's ...
  5. United States Government Life Insurance ...

    A life insurance program established in 1919 to provide term, ...
  6. Credit Life Insurance

    A life insurance policy designed to pay off a borrower's debt ...
Related Articles
  1. Insurance

    Getting Your (Insurance) House in Order

    From starting a family to retirement, insurance can play a role in taking care of financial needs. This piece looks at some of the choices you can make.
  2. Insurance

    Life Insurance

    Life insurance is an important component of basic financial planning. Find out how life insurance works and how insurance companies are able to profit through providing financial security to ...
  3. Insurance

    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.
  4. Insurance

    3 Reasons to Avoid Term Insurance

    Find out the reasons why term life insurance may not be for everybody, and why you may want to avoid it in favor of a permanent life insurance policy.
  5. Insurance

    Finding the Right Life Insurance

    Learn how to determine the type of life insurance you need and use our calculator to find out how much coverage you should have.
  6. Insurance

    Millennials Guide: Too Young for Life Insurance?

    Unless you have kids, it's easy to think you don't need life insurance Here are the reasons why you might– as well as which type and how much to get.
  7. Financial Advisor

    Buying a Life Insurance Policy? Read This First

    Knowing who needs life insurance, how it works and the different types of insurance can help consumers make informed decisions about this product.
Hot Definitions
  1. North American Free Trade Agreement - NAFTA

    A regulation implemented on Jan. 1, 1994, that eventually eliminated tariffs to encourage economic activity between the United ...
  2. Agency Theory

    A supposition that explains the relationship between principals and agents in business. Agency theory is concerned with resolving ...
  3. Treasury Bill - T-Bill

    A short-term debt obligation backed by the U.S. government with a maturity of less than one year. T-bills are sold in denominations ...
  4. Index

    A statistical measure of change in an economy or a securities market. In the case of financial markets, an index is a hypothetical ...
  5. Return on Market Value of Equity - ROME

    Return on market value of equity (ROME) is a comparative measure typically used by analysts to identify companies that generate ...
  6. Majority Shareholder

    A person or entity that owns more than 50% of a company's outstanding shares. The majority shareholder is often the founder ...
Trading Center