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written by
Rachel Brennan |
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reviewed by
Bungee Car Pre-licensed life insurance agent |
Updated: May 12, 2022
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We offer life insurance to Virginia residents from many of the best Virginia life insurance companies. Life insurance is very similar from state to state, with a few exceptions, so expect Virginia life insurance rates to vary.
However, this guide should help you understand the differences in Virginia life insurance as well as find resources in your state. We will also show you how to get the best life insurance in Virginia.
Virginia Life Insurance Quotes
We offer life insurance to Virginia residents from many A-rated life insurance companies. Life insurance is very similar from state to state, with a few exceptions. This guide should help you understand the differences as well as find resources in your state.
policy cost Premium (cost) you pay for a life insurance policy no Varies by state. It’s the same no matter what state you live in. Premiums are set by life insurance companies and then approved by the state insurance ministry.
Company Availability Not all companies are available in every state. For example, if a Virginia life insurance company does not file its products or rates with the state insurance department, that company will not be available in your state. Company availability often changes due to new filings.
Product Availability – There are cases where life insurance companies only offer specific products or passengers in the state. For example, a company may offer a child insurance rider in its policy, but the feature may not be available in all states. These exclusions can be viewed by clicking on Life Insurance Companies in the list below.
Virginia life insurance also provides residents with a free 10-day search period, protection of personal information, and timely payment of death benefits.
Life insurance quotes are always free.
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Life insurance rates in Virginia
To give you an idea of what life insurance rates are like in Virginia, check out the chart below to see what top companies charge based on non-smoking status, age, marital status, and gender. Keep in mind that Virginia life insurance quotes may be different, depending on your demographics, occupation, habits, family medical history as well as the Virginia life insurance policy you choose.
In the following chart, you can also see how many life insurance companies have in Virginia compared to other southern states.
Note that Virginia has three life insurance companies that operate specifically in the state, but that doesn’t mean it’s hard to get affordable Virginia insurance rates.
Virginia Assurance Association
State guarantee societies are obligated to protect resident insurance policy holders and beneficiaries in the event of the insurance company’s bankruptcy. The association consists of all insurance companies licensed to sell life, health, and annuities insurance in the state. If the insurance company becomes insolvent (going out of business), the association steps in to protect policyholders by continuing coverage and paying claims, up to the specified limits.
In Virginia, a life insurance policy is protected up to $300,000. This amount is the maximum amount of interest offered for any one life. In other words, multiple policies limit anyone to that amount.
Virginia Connections Life Insurance
Below is a list of all necessary government contacts for residents with Virginia life insurance claims and other related matters.
Warranty Association
If you need information about Virginia life insurance or an accident and sickness insurance guarantee, contact Virginia Association for Life, Accident and Sickness Assurance at 1-804-282-2240 or visit the website.
Insurance Department
To get the latest updates from Virginia insurance officeCall 1-877-310-6560 or visit the website. Here, you can learn about life insurance for the Virginia retirement system, including how to choose a VRS life insurance beneficiary, what is included in an optional VRS life insurance policy, or how to choose the appropriate VRS death benefit amount.
You can also access resources about Virginia retirement benefits, such as the VRS FCPS and Federal Retirement Benefits.
Additionally, the Virginia Insurance Bureau is the source for VRS health insurance information as well.
Legal information
QuickQuote is licensed to sell life insurance in Virginia under Agency License No. 114798.
The Company’s authorized director is Tim Bain, dealer license number 681173.
Life insurance quotes are always free.
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Life insurance companies in Virginia
American General Life Insurance Company
Banner life insurance company
Fidelity Life Association
Haven Live / MassMutual
John Hancock Life Insurance Company
Lincoln National Life Insurance Company
MetLife Life Insurance Company
North American Life and Health Insurance Corporation
Pacific Life and Pensions Corporation
Home Life Insurance Company
Preventive life insurance company
Broco Life Insurance Company (Prudential)
Sajikor Life Insurance Company
Massachusetts Savings Bank Life Insurance Corporation (SBLI)
Transamerica life insurance company
Omaha United Life Insurance Company