How To Get The Best Life Insurance In Virginia Beach, VA
If you're in great health, Transamerica will no doubt be your best bet, with rates starting as low as $8/month for $250,000 of term life coverage. We've got whole life recommendations for seniors, and for those in less-than-great health, we've got the carrier-specific tips that'll help you the carrier-specific insights that'll help you get the best rates possible.
Best Life Insurance Companies in Virginia Beach, VA for September 2024
Best Overall Life Insurance
No matter which product you look at for which demographic, Transamerica is likely to offer one of the lowest prices comprehensive range of policy options and strong financial stability ratings.
Best for Adults Under 50
Having a reputation for competitive pricing and beneficial policy terms for younger adults, Transamerica also earns the accolade for Best for Adults Under 50.
Best for Adults 50+
Mutual of Omaha Living Promise whole life insurance product offers low prices, fast cash value growth, and an paralleled reputation in the burial insurance industry
Best Return of Premium Policy
Assurity not only offers low-cost term life insurance but they also give you your money back if you're living at the end of your term. A no-brainer for those who are able to get approved
Best for Pre-Existing Conditions
Aetna and its sister company CVS Health offer extensive coverage for individuals with pre-existing health conditions, such as diabetes, afib, COPD, and more
Best for Guaranteed Acceptance
Gerber Life Insurance offers policies that do not require a medical exam, ensuring coverage is accessible to everyone regardless of health status
Low-Cost Life Insurance for Virginia Beach Men and Women
Finding the most advantageous life insurance rates can be an overwhelming task, especially with the myriad of choices available for men and women in Virginia Beach. This section will guide you through the process of discovering the best life insurance options tailored to your needs, helping you secure your family’s financial future with confidence and ease.
Lowest Male Rates and Female Rates for $250,000 of Coverage
| Female | Male | |
|---|---|---|
| Age 25 | $9.30 | $8.71 |
| Age 35 | $9.99 | $9.41 |
| Age 45 | $17.00 | $15.73 |
| Age 55 | $38.25 | $29.54 |
As we've seen, life insurance rates in Virginia Beach, VA offer a variety of options suitable for different age groups and gender. With a clear understanding of the cost dynamics and factors influencing premiums, you can make an informed decision that aligns with your personal and financial goals.
Once you’ve decided on a policy amount and length, it’s time to get price shopping. The easiest way is to use an independent broker or agent who can shop multiple companies for you at once.
This is especially important if you have health conditions that will affect your life insurance quotes. Not all insurers will try to offer a competitive price for every medical condition.
Life Insurance for Seniors in Virginia Beach, VA: Your Best Rates
Finding a suitable life insurance policy as a senior in Virginia Beach, VA, comes with its unique challenges and considerations. With an array of options to navigate through, it is essential to understand which life insurance providers offer the best rates that can accommodate your needs, budget, and provide peace of mind during your golden years.
- Key factors influencing life insurance rates for seniors
- Comparison of term versus whole life insurance policies
- A rundown of top life insurance companies in Virginia Beach
- Tips on how to secure the best life insurance rates as a senior
- Understanding the impact of medical history and lifestyle on insurance costs
This section is dedicated to simplifying your search for optimal life insurance for seniors, offering expert guidance, and helping you to understand the complexities of finding your best rates in Virginia Beach. Whether you are looking to cover final expenses, leave a legacy or secure your spouse’s financial future, we’re here to illuminate the path to your ideal life insurance solution.
Final Expense Life Insurance Costs for Seniors in Virginia Beach
| Female | Male | |
|---|---|---|
| Age 60 | $33 | $38 |
| Age 65 | $41 | $48 |
| Age 70 | $52 | $60 |
| Age 75 | $71 | $97 |
| Age 80 | $97 | $134 |
| Age 85 | $132 | $187 |
Imagine you’re at a store, drawn to a product by its displayed price, only to be surprised by a higher charge at the check-out. This scenario parallels what often transpires with life insurance. The preliminary quote you receive is merely a provisional figure, grounded in a limited snippet of your personal data. When the insurance company scrutinizes your full application particulars, the end cost might surpass the original estimate.
Anticipate potential adjustments to your initial life insurance quote, with a tendency to increase.
High-Risk Life Insurance Rates in Virginia Beach
Finding a suitable insurance policy when you have health concerns can feel like navigating choppy waters. You may wonder whether life insurance is even attainable, or assume your options may be prohibitively expensive. But rest easy beach-side breath in Virginia Beach — guaranteed issue life insurance can be your safe harbor. Premium supplies of guaranteed issue policies mean you won’t drown in denial letters just because of your pre-existing condition.
In Virginia Beach, guaranteed issue life insurance preserves your right to obtain coverage, regardless of your health status. The rates for these policies are typically standardized, allowing individuals who might have been declined traditional life insurance to forecast and manage their expenses without fear of discrimination due to their health condition.
The following points should be underlined when considering guaranteed issue life insurance rates:
- Guaranteed issue life insurance seldom requires a medical exam or health questionnaire.
- Rates are influenced by age, not health status, though there may be higher premiums as standard.
- These policies normally come with graduated death benefits, meaning the full benefit typically isn’t available until after the first few years.
- While the premiums can be more substantial when matched with traditional insurance, the guarantee of acceptance may be worth the cost.
Suitable for individuals who’ve faced medical rejections or high-risk labels, guaranteed issue life insurance offers Virginia Beach residents a steady alternative when it comes to securing their future. However, it is vital to delve into and understand the specifics and limitations before dancing with the waves of any insurance voyages.
How Much Is $10,000 of Guaranteed Accepted Life Insurance In Virginia Beach, VA?
| Age | Male Rates | Female Rates |
|---|---|---|
| 50 | $66 | $51 |
| 55 | $86 | $66 |
| 60 | $95 | $76 |
| 65 | $127 | $93 |
| 70 | $148 | $113 |
| 75 | $209 | $162 |
| 80 | $370 | $264 |
Inform your loved ones who are listed as beneficiaries about the existence of your life insurance plan. After securing the policy, communicate to the designated beneficiaries the name of the insurance provider, the location of the physical policy document, and any particular wishes you have regarding the use of the funds upon your passing. Although it’s uncommon, there are instances where beneficiaries are unaware of their entitlement to a policy’s benefit, leading to unclaimed assets. Ensure that all your relevant insurance documents are kept in a place where your beneficiaries can readily locate them when necessary.