Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites.

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UPDATED: Oct 30, 2020

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We offer Virginia residents life insurance from several of the best VA life insurance companies. Life insurance is very similar from state-to-state, with a few exceptions, so expect your 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’ll also show you how to get the best life insurance in Virginia.

Before we dive into this guide, find affordable Virginia life insurance rates by clicking on our FREE quote tool above. Get started now.

Table of Contents

Virginia Life Insurance Quotes

We offer Virginia residents life insurance from several 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 – The premium (cost) you pay for your life insurance policy does not vary by state. It is the same regardless of which state you live in. Premiums are set by life insurance companies then approved by the State Insurance Department.

Company Availability – Not all companies are available in every state. For example, if a life insurance company has not filed its product or rates with your State Insurance Department, that company won’t be available in your state. Company availability changes often due to new filings.

Product Availability – There are instances where life insurance companies offer only specific products or riders in a state. For example, a company may offer a child insurance rider on their policy, but the feature may not be available in all states. These exclusions can be viewed by clicking on the life insurance companies in the list below.

Virginia life insurance also offers residents a 10-day free look period, personal information protection, and a timely payment of death benefits. 

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Life Insurance Rates in Virginia

To give you an idea of what Virginia life insurance rates look like, check out the chart below to see what the top companies charge based on non-smoking status, age, marital status, and gender. Keep in mind that your Virginia life insurance quotes may be different, depending on demographics, occupation, habits, and family medical history as well as which Virginia life insurance policy you choose.

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In this next chart, you can also see how many Virginia life insurance companies there are in comparison to other southern states.

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Note that Virginia has three life insurance companies that operate specifically in the state, but that doesn’t mean affordable life insurance rates in Virginia are hard to come by. You can still access the best life insurance in Virginia with our free quote tool on this page.

Virginia Guaranty Association

State guaranty associations are committed to protecting resident policyholders and beneficiaries in the event of an insurance company insolvency. The association is made up of all insurance companies licensed to sell life insurance, health insurance and annuities in the state. If an insurance company becomes insolvent (goes out of business), the association steps in to protect policyholders by continuing coverage and paying claims, up to defined limits.

In Virginia, a life insurance policy is protected up to $300,000. This amount is the maximum benefit provided for any one life. In other words, multiple policies on any one person are limited to this amount.

Virginia Life Insurance Contacts

Here is a list of all the necessary state contacts for residents with Virginia life insurance claims and other related matters.

Guaranty Association

If you need information about a Virginia life insurance or Accident & Sickness insurance guaranty, contact the Virginia Life, Accident & Sickness Insurance Guaranty Association at 1-804-282-2240 or visit the website.

Insurance Department

For the latest updates from the Virginia Bureau of Insurance, call 1-877-310-6560 or visit the website. Here, you can learn about the Virginia Retirement System life insurance, including how to pick a VRS life insurance beneficiary, what a VRS optional life insurance policy includes, or how to pick the right VRS death benefit amount.

You can also access resources about the State of Virginia retirement benefits, i.e., the VRS FCPS, and federal retirement benefits.

Additionally, the Virginia Bureau of Insurance is your source for VRS health insurance information as well.

Legal Info

QuickQuote is licensed to sell life insurance in Virginia under Agency License Number 114798.

The licensed company principal is Tim Bain, Agent License Number 681173.

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Virginia Life Insurance Companies

American General Life Insurance Company

Banner Life Insurance Company

Fidelity Life Association

Haven Life / MassMutual

John Hancock Life Insurance Company

Lincoln National Life Insurance Company

Metlife Life Insurance Company

North American Company for Life & Health Insurance

Pacific Life & Annuity Company

Principal Life Insurance Company

Protective Life Insurance Company

Pruco Life Insurance Company (Prudential)

Sagicor Life Insurance Company

The Savings Bank Life Insurance Company of Massachusetts (SBLI)

Transamerica Life Insurance Company

United of Omaha Life Insurance Company

Don’t wait — Use our free quote tool to get affordable life insurance rates in Virginia. Get started now.