Vermont Life Insurance [2024]
Vermont insurance offers residents a 10-day free look period, a 30-day grace period, and a guarantee of benefits up to $300,000 in case of insolvency. We offer Vermont residents insurance from several A-rated insurance companies. Find the cheapest insurance quotes in VT online now.
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Jeffrey Manola
Licensed Life Insurance Agent
Jeffrey Manola is an experienced life insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for life insurance with the most affordable term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide consumers with t...
Licensed Life Insurance Agent
UPDATED: Sep 19, 2024
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: Sep 19, 2024
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 Vermont residents life insurance from several of the best VT life insurance companies on the market. Life insurance is very similar from state-to-state, with a few exceptions, so expect a difference with your Vermont life insurance rates.
However, this guide should help you understand the differences in Vermont life insurance as well as find resources in your state. We’ll also show you how to get the best life insurance in Vermont.
Before we dive into this guide, find affordable Vermont life insurance rates by clicking on our FREE quote tool above. Get started now.
How can you get Vermont life insurance quotes?
We offer Vermont 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. Life insurance premium rates are set by life insurance companies then approved by the State Insurance Department. Term life insurance also tends to be cheaper than permanent life insurance.
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. This is just how insurance law works.
Product Availability — There are instances where life insurance companies only offer a specific type of life insurance policy 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.
Vermont life insurance also offers residents a 10-day free look period, a 30-day grace period, and a guarantee of benefits up to $300,000 in case of insolvency.
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What are the average life insurance rates in Vermont?
You may be wondering what to expect with Vermont life insurance rates. In the chart below, you’ll find what the best life insurance companies in Vermont charge based on age, marital status, and gender for non-smokers. However, it’s possible that your rates will be different, especially if you smoke.
You can also see how many life insurance companies there are in Vermont versus the other northeastern states.
According to the chart, there is one Vermont life insurance company that specifically does business within the state, but that doesn’t mean fewer Vermont life insurance coverage options for you.
Check out our free quote tool on this page to find out exactly what your VT life insurance quotes will be.
What is the Vermont 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 provide policyholders with financial protection by continuing coverage and paying claims for death benefits, up to defined limits.
In Vermont, 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 even if it is lower than the death benefits of the actual policy.
Vermont Life Insurance Contacts
Here is a list of all the necessary state contacts for residents with Vermont life insurance claims and other related matters.
Guaranty Association
If you need information about a Vermont life insurance or health insurance guaranty, contact the Vermont Life & Health Insurance Guaranty Association at 1-802-249-0284 or visit the website.
Insurance Department
For the latest updates from the Vermont Department of Financial Regulation, call 1-802-828-3301 or visit the website. Here, you can access all things insurance in the State of Vermont.
If you work for the state, you can locate resources and get help with your State of Vermont employee benefits, i.e., the State of Vermont employee health insurance, State of Vermont tuition reimbursement, and Vermont state short-term disability benefits.
The State of Vermont Human Resources is also another source for this information, in addition to the State of Vermont compensation information, i.e., the State of Vermont pay chart, for prospective and current employees and the State of Vermont retirement benefits for former employees.
Legal Info
QuickQuote is licensed to sell life insurance in Vermont under Agency License Number 650676.
The licensed company principal is Tim Bain, Agent License Number 94652.
Vermont Life Insurance Companies
American General Life Insurance Company
Fidelity Life Association
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 Vermont. Get started now.
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Frequently Asked Questions
What is Vermont insurance?
Vermont insurance refers to insurance coverage available to residents of the state of Vermont. insurance provides financial protection to beneficiaries in the event of the insured person’s death, offering a death benefit payout to help with expenses and financial obligations.
What types of insurance are available in Vermont?
Residents of Vermont have access to various types of insurance, including term insurance, whole insurance, universal insurance, and variable insurance. Each type offers different features, benefits, and premiums, allowing individuals to choose the coverage that aligns with their needs and financial goals.
Are there any specific regulations or requirements for insurance in Vermont?
Vermont, like other states, has regulations and requirements that govern the sale and operation of insurance. Insurance companies operating in Vermont must comply with the state’s insurance laws and regulations. Additionally, applicants for insurance may be subject to underwriting guidelines, which include factors such as age, health, and lifestyle habits.
Can residents of Vermont purchase insurance from any insurance company?
Vermont residents can purchase insurance from insurance companies that are licensed to operate in the state. It is advisable to research and compare different insurance providers to find a reputable company that offers suitable coverage options and competitive premiums.
How do I determine the appropriate amount of insurance coverage for my needs?
Determining the appropriate amount of insurance coverage depends on several factors, including your financial obligations, income replacement needs, outstanding debts, and future expenses such as education costs or mortgage payments. It is recommended to assess your financial situation and consult with a licensed insurance professional who can help evaluate your coverage needs.
Can I change my insurance policy in Vermont if my circumstances change?
Yes, insurance policies can typically be changed or updated to reflect changes in circumstances. You may have the option to increase or decrease coverage, add riders or endorsements, or modify the policy’s terms. It is advisable to review your policy contract and contact your insurance provider to discuss any desired changes or updates.
Are insurance proceeds taxable in Vermont?
In general, insurance proceeds are not subject to income tax in Vermont or at the federal level. The death benefit paid out to beneficiaries is typically considered tax-free. However, it is important to consult with a tax professional for guidance specific to your individual circumstances.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Jeffrey Manola
Licensed Life Insurance Agent
Jeffrey Manola is an experienced life insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for life insurance with the most affordable term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide consumers with t...
Licensed Life Insurance Agent
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.
