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2024

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Best Life Insurance Companies in District of Columbia

Our Recommended Top 5

We did the research for you!

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  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored District of Columbia Life Insurance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

31631Reviewed

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5Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

District of Columbia

Why choose this provider?

Risk Cooperative helps with clients' life insurance needs of clients in the District of Columbia. It is a minority-owned risk advisory and insurance brokerage firm established in 2014. Its life insurance programs include key person coverage and term life insurance policies. It also offers health, liability, workers' compensation, cargo, and cyber risk insurance. The company seeks to deliver the best insurance solutions by partnering with various known carriers, such as CNA, Chubb, CareFirst, Aetna, and ASP.

  • Term Life Insurance
  • Health Insurance
  • Life Insurance

District of Columbia

Expertise.com Rating

Why choose this provider?

For over 20 years, The Harold Group Inc. has been providing financial advice and life insurance solutions to clients in the District of Columbia. It offers term and whole life plans, as well as fixed income and annuities. Its agents determine coverage strategies and policies that fit the client's present and future needs. Their multiple carriers include The Harford, Liberty Mutual, Foresters, Allianz, and Midland National. The company also recommends personal and commercial insurance products. It belongs to the Strategic Insurance Agency Alliance.

  • Life Insurance

District of Columbia

Expertise.com Rating

Review Sources

Google
4.8 (34)
Facebook
5.0 (12)

Why choose this provider?

HWP Insurance is an independent company founded in 2007 that serves clients in the District of Columbia and the surrounding areas. The policies it crafts include term life and cash value life insurance. It also deals with other protection plans, such as auto, business, employee, and home insurance. The company strives to uphold respect and integrity by taking its clients' needs into consideration and maintaining professional relationships with them. It is affiliated with various organizations, like the Society of Financial Service Professionals and Associated Builders and Contractors, Inc.

  • Life Insurance

District of Columbia

Expertise.com Rating

Why choose this provider?

The Associated Builders and Contractors Insurance Trust help its members in the District of Columbia find the life insurance plans that fit their needs. It offers unique proprietary life insurance options such as flat schedule, earnings schedule, class schedule, supplemental life, dependent life, and special AD&D life insurance coverages. It also offers dental, short-term, and long-term disability insurance, as well as traditional medical plans. The group has been providing employee insurance plans and benefits to ABC member companies for over 60 years.

  • Long Term Care
  • Health Insurance
  • Life Insurance

District of Columbia

Why choose this provider?

Waterfront Insurance Network provides services to the District of Columbia and the nearby areas. It specializes in helping individuals apply for term and whole life insurance policies to help protect their future of their businesses, children, businesses, and assets or properties. These insurance plans also cover clients' final expense and retirement funds. The agency's president and broker, Rhonda L. Hamilton, also serves clients in Maryland and Virginia. Waterfront Insurance Network carries products from Foremost, Travelers, Grange Insurance, Berkshire Hathaway, American Modern, and Allstate.

  • Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Risk Cooperative
1835 7th St NW, #103, District of Columbia, DC 20001
The Harold Group Inc.
1629 K Street N.W. Suite 300, District of Columbia, DC 20006
HWP Insurance
80 M Street, SE Suite 350, District of Columbia, DC 20003
Associated Builders and Contractors Insurance Trust
440 1st St NW, District of Columbia, DC 20001
Waterfront Insurance Network
800 Maine Ave SW Suite #200, District of Columbia, DC 20024

FAQs

  • Which is better, term or whole life insurance?

    Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

  • How much life insurance do I need?

    A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

  • How does life insurance work?

    The details of how life insurance works depend on your individual plan, but the basics are as follows: 

    • You pay a premium to purchase the insurance. Typically the premium is paid monthly, but it could be rolled into quarterly, bi-annual, or annual payments. 
    • As long as you are meeting or have met premium obligations, if you pass away, the insurance company makes the agreed-upon payment to the beneficiaries you designated. 
    • Beneficiaries usually have to provide the insurance company with a death certificate to receive their payments.
  • How much is life insurance?

    The cost of life insurance ranges widely. Term life insurance can cost as little as a few dollars a day, and whole life insurance can cost thousands per month on the high end. Factors that impact the cost of your life insurance include whether you're choosing term life insurance or whole life insurance, your age, how much coverage you want, your overall health, and your gender.

  • Is life insurance taxable?

    Life insurance proceeds are the funds paid via your plan to your beneficiaries if you pass away. These are also called death benefits. Typically, these are not considered income for taxes. If you take out cash value from a whole life insurance investment and the amount exceeds how much you paid in premiums, the difference may be considered taxable income.


  • Can I buy health insurance that is not Obamacare?

    When people say "Obamacare insurance," they typically mean insurance within the health insurance marketplace. You can get health insurance outside of the marketplace by going through your employer, choosing COBRA coverage if you leave your job, or buying a short-term health insurance policy through an insurance agent. ACA-compliant plans meet all the benefits and coverage requirements of the Affordable Care Act. But you may be able to find supplemental or short-term coverage that simply provides peace of mind for major medical expenses.

  • Can I buy health insurance anytime?

    To buy health insurance in the marketplace, you must purchase it within open or special enrollment periods. But you can purchase short-term coverage to bridge the gap between now and the next open enrollment period. These plans are meant to be used for less than a year. You can purchase them online or via insurance agents, but they may not be ACA-compliant.

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