Life insurance by state · RI
Life insurance in Rhode Island
What Rhode Island law gives you, which carriers quote in Rhode Island, and how to get covered — from an independent agency licensed in Rhode Island.
The short answer
Rhode Island residents can choose from 10 final expense and 15 term life carriers we work with that quote in Rhode Island. New policies typically come with a 20-day free look, and the state guaranty association backs life insurance death benefits up to $300,000.
Your protections in Rhode Island
| Regulator | Rhode Island Department of Business Regulation – Insurance Division |
|---|---|
| Free-look period | Typically at least 20 days · 30 days for replacement policies (230-RICR-20-25-4.6(A)(4)) |
| Guaranty association | Rhode Island Life & Health Insurance Guaranty Association: up to $300,000 death benefit, $100,000 cash value (overall per-person cap applies) |
| Community property state | No |
| State estate / inheritance tax | Estate tax: yes · Inheritance tax: no — Rhode Island's estate tax return (Form RI-706) includes Schedule D, insurance on the decedent's life, in the gross estate; for deaths in 2026 the first $1,838,056 of the net taxable estate is exempt, so life insurance the decedent owned can push an estate into taxable territory. |
Good to know in Rhode Island
- Rhode Island requires insurers to pay interest of 9% a year on life insurance death proceeds from the date of death until the date of payment (R.I. Gen. Laws § 27-4-26). Source
- Money paid to a Rhode Island funeral home under a prepaid funeral contract must go into an escrow account within 15 days (R.I. Gen. Laws § 5-33.1-4), and a buyer may cancel a revocable contract before services are performed and get the escrowed funds back, less a capped fee (§ 5-33.1-6). Source
Carriers we work with that quote in Rhode Island
Final expense / burial: Aetna · American Amicable · Americo · Fidelity · Foresters · Mutual of Omaha · NewBridge · Royal Neighbors · Transamerica · UHL
Term life: American Amicable · Americo · Catholic Financial · Foresters · InstaBrain · John Hancock · Kansas City Life · Mutual of Omaha · National Life Group · Primerica · Protective · Royal Neighbors · SBLI · Transamerica · UHL
From our quoting system’s Rhode Island results (September 2026). Product availability and rules vary by carrier and change over time.
How to get covered in Rhode Island
- Figure out how much you need — final expense calculator or mortgage protection calculator.
- See typical prices by age — life insurance cost by age.
- Tell us your health history — we match you to the Rhode Island carrier most likely to approve you at the best price (condition guides).
- Apply by phone with an e-signature — many decisions are instant or same-day.
Licensed in Rhode Island. Compare dozens of carriers in one free call — no pressure.
Get my quotes → Call 586-343-1505Sources: Regulator · Guaranty association · Free-look rule · Estate/inheritance tax
Straight answers
Life insurance in Rhode Island — FAQ
How long is the free-look period for life insurance in Rhode Island?
New individual life insurance policies sold in Rhode Island typically give you at least 20 days to review the policy and cancel for a full refund (30 days for replacement policies (230-RICR-20-25-4.6(A)(4))). The exact window is printed on your policy’s first page.
What happens to my life insurance if the company fails in Rhode Island?
The Rhode Island Life & Health Insurance Guaranty Association protects Rhode Island residents up to $300,000 in life insurance death benefits and $100,000 in cash value, subject to an overall per-person cap. It’s a backstop — choosing a financially strong carrier still matters.
Who regulates life insurance in Rhode Island?
The Rhode Island Department of Business Regulation – Insurance Division. You can verify an agent’s license or file a complaint with them.
Can I buy life insurance in Rhode Island by phone?
Yes. United Eagles Financial is licensed for life insurance in Rhode Island; most applications are done by phone or video with an electronic signature.