Rhode Island Life Insurance [2024]
Rhode Island life insurance offers residents a 10-day free look period and a timely payment of the death benefit within 30 days. Get affordable RI life insurance quotes to protect your loved ones.
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Dorothea Hudson
Insurance and Finance Writer
Dorothea Hudson has been professionally writing in many spheres since 2013. She has written on entertainment, insurance, finance, travel, technology, AI, renewable energy, crypto, fundraising, and real estate for many websites. Her work has been published for British retailer Marks and Spencer, Kroger Magazine, the Vision Group, and more. Her passions include writing, music, running, travel, te...
Insurance and Finance Writer
UPDATED: Nov 10, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Nov 10, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
We offer Rhode Island residents life insurance from several of the best RI life insurance companies. Life insurance is very similar from state to state, with a few exceptions, so expect some variance with your Rhode Island life insurance rates.
However, this guide should help you understand the differences in Rhode Island life insurance as well as find resources in your state. We’ll also show you how to get the best life insurance in Rhode Island.
Before we dive into this guide, find affordable Rhode Island life insurance rates by clicking on our FREE quote tool above. Get started now.
Rhode Island Life Insurance Quotes
We offer Rhode Island 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 and 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.
Rhode Island life insurance also offers residents a 10-day free look period and timely payment of the death benefit within 30 days.
Your life insurance quotes are always free.
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Life Insurance Rates in Rhode Island
To give you an idea of what Rhode Island life insurance rates look like, you can check out the chart below to see what the top companies charge based on age, marital status, and gender for both smokers and non-smokers.
Keep in mind that your Rhode Island life insurance quotes may be different, especially depending on which type of Rhode Island life insurance policy you choose.
In this next chart, you can also see how many Rhode Island life insurance companies there are in comparison to other northeastern states.
As you can see in the above chart, Rhode Island is home to two life insurance companies that operate specifically in the state. However, you still have options. Get access to the best Rhode Island life insurance with our free comparison tool on this page to save money.
Rhode Island 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 Rhode Island, 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.
Rhode Island Life Insurance Contacts
Here is a list of all the necessary state contacts for residents with Rhode Island life insurance claims and other related matters.
Guaranty Association
If you need information about the Rhode Island insurance guaranty for life insurance or health insurance, contact the Rhode Island Life & Health Insurance Guaranty Association at 1-401-273-2921 or visit the website.
Insurance Department
For the latest updates from the Rhode Island Department of Insurance, contact the Rhode Island Department of Business Regulation, you can give them a call at 1-800-467-8725 or visit the website.
Here, you can find out everything you need to know from “who is the Rhode Island insurance commissioner” to the most up-to-date Rhode Island Department of Insurance bulletins to the latest Rhode Island insurance laws.
You can also access the RI Department of Insurance license lookup, which includes a life insurance license lookup for your Rhode Island life coverage.
Legal Info
The licensed company principal is Tim Bain, Agent License Number 1081434.
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Rhode Island Life Insurance Companies
American General 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 Rhode Island. Get started now.
Frequently Asked Questions
What is life insurance?
Life insurance is a contract between an individual and an insurance company, where the insurer agrees to pay a designated beneficiary a sum of money upon the insured person’s death. It provides financial protection to the insured person’s loved ones in the event of their passing.
Why should I consider getting life insurance in Rhode Island?
Life insurance is an important financial tool that can help provide financial security to your loved ones in Rhode Island. It can help cover funeral expenses, outstanding debts, mortgage payments, college tuition, and other financial obligations, ensuring your family’s well-being and stability.
What types of life insurance are available in Rhode Island?
Rhode Island offers various types of life insurance policies, including term life insurance, whole life insurance, universal life insurance, and variable life insurance. Each type has its own features, benefits, and suitability based on individual circumstances.
What is term life insurance?
Term life insurance provides coverage for a specific period, such as 10, 20, or 30 years. If the insured person passes away during the term, the beneficiaries receive a death benefit. Term life insurance typically offers the most affordable premiums but does not accumulate cash value.
What is whole life insurance?
Whole life insurance provides coverage for the entire lifetime of the insured person. It combines a death benefit with a cash value component that grows over time. Whole life insurance premiums are generally higher than term life insurance but offer lifelong coverage and potential cash value accumulation.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Dorothea Hudson
Insurance and Finance Writer
Dorothea Hudson has been professionally writing in many spheres since 2013. She has written on entertainment, insurance, finance, travel, technology, AI, renewable energy, crypto, fundraising, and real estate for many websites. Her work has been published for British retailer Marks and Spencer, Kroger Magazine, the Vision Group, and more. Her passions include writing, music, running, travel, te...
Insurance and Finance Writer
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
