Life insurance by state · VA
Life insurance in Virginia
What Virginia law gives you, which carriers quote in Virginia, and how to get covered — from an independent agency licensed in Virginia.
The short answer
Virginia residents can choose from 11 final expense and 14 term life carriers we work with that quote in Virginia. New policies typically come with a 10-day free look, and the state guaranty association backs life insurance death benefits up to $300,000.
Your protections in Virginia
| Regulator | Virginia State Corporation Commission, Bureau of Insurance |
|---|---|
| Free-look period | Typically at least 10 days |
| Guaranty association | Virginia Life, Accident & Sickness 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: no · Inheritance tax: no |
Good to know in Virginia
- Virginia requires interest on life insurance death proceeds from the date of death to the date of payment, at the greater of 2.5% a year or the insurer's current rate on proceeds left under its interest settlement option (Va. Code § 38.2-3115). Source
- Under Va. Code § 20-111.1, a divorce or annulment entered on or after July 1, 1993 automatically revokes a revocable beneficiary designation naming the former spouse, including life insurance death benefits, unless the decree or a written agreement says otherwise or federal law preempts. Source
Carriers we work with that quote in Virginia
Final expense / burial: Aetna · American Amicable · American Home Life · Americo · Fidelity · Foresters · Mutual of Omaha · NewBridge · Royal Neighbors · Transamerica · UHL
Term life: American Amicable · Americo · 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 Virginia results (September 2026). Product availability and rules vary by carrier and change over time.
How to get covered in Virginia
- 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 Virginia 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 Virginia. 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 Virginia — FAQ
How long is the free-look period for life insurance in Virginia?
New individual life insurance policies sold in Virginia typically give you at least 10 days to review the policy and cancel for a full refund. The exact window is printed on your policy’s first page.
What happens to my life insurance if the company fails in Virginia?
The Virginia Life, Accident & Sickness Insurance Guaranty Association protects Virginia 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 Virginia?
The Virginia State Corporation Commission, Bureau of Insurance. You can verify an agent’s license or file a complaint with them.
Can I buy life insurance in Virginia by phone?
Yes. United Eagles Financial is licensed for life insurance in Virginia; most applications are done by phone or video with an electronic signature.