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Best Life Insurance Companies in Rhode Island

Our Recommended Top 8

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Our goal is to connect people with the best local professionals. We scored Rhode Island 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.

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8Top Picks

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Providers

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Best Life Insurance Companies Serving Rhode Island
Rhode Island

Expertise.com Rating

Review Sources

Google
4.6 (44)
Facebook
5.0 (33)
Yelp
4.5 (6)

Why choose this provider?

Hunter Insurance Inc. has been offering life insurance policies to residents of Rhode Island since 1989. It provides a term policy for those looking for coverage for a set period of time, a whole life policy for those looking for lifelong coverage, and a universal policy for those looking to use it as an investment vehicle. The firm also handles commercial auto, home, and contractors' insurance. The company has helped over 6,000 local families and businesses.

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Best Life Insurance Companies Serving Rhode Island
Rhode Island

Expertise.com Rating

Review Sources

Google
5.0 (15)
Facebook
5.0 (4)
Yelp
5.0 (1)

Why choose this provider?

Through offices in Coventry and Bristol, Blaeser Insurance serves clients throughout Rhode Island. The agency sets up life policies that allow individuals to help their beneficiaries cover costs related to funerals or estate taxes. It provides solutions like term and whole life. It also offers the second-to-die policy, a program for married couples looking to decrease their tax liabilities. Its team prepares other insurance products that cover a client's properties or vehicles. Joe Blaser, the agency's principal, is a Certified Insurance Counselor.

  • Health Insurance
  • Life Insurance

Best Life Insurance Companies Serving Rhode Island
Rhode Island

Expertise.com Rating

Review Sources

Google
4.6 (21)

Why choose this provider?

Gilbane Insurance Agency is a locally owned and operated firm serving individuals and families throughout the state of Rhode Island. One of its product offerings is life insurance, wherein its agents educate clients regarding life insurance policies that take care of their family's needs after death, likewise helping clients understand the differences between term life, whole life, and universal life insurance policies. The agency also offers home, auto, and business insurance, as well as personal umbrella which can also supplement other forms of insurance.

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Best Life Insurance Companies Serving Rhode Island
Rhode Island

Expertise.com Rating

Why choose this provider?

Gold Star Retirement & Insurance is an East Greenwich-based agency that deals with clients throughout Rhode Island. It works with different partners—including Horace Mann and Progressive—to provide life insurance policies that help individuals protect their loved ones from significant financial risk. The agency guides clients on their different options. It also offers retirement planning services for public school educators and creates a financial strategy that incorporates factors like school district benefits. Its owner and founder, Alex Zelck Smith, has over a decade of industry experience.

  • Life Insurance

Best Life Insurance Companies Serving Rhode Island
Rhode Island

Expertise.com Rating

Review Sources

Google
4.7 (13)

Why choose this provider?

A. Ricciotti Insurance Associates offers life insurance, risk management, and related services to individuals, families, and businesses in Rhode Island. It assists life insurance beneficiaries in filing claims for lost family income and in paying off debts and funeral expenses. It represents insurance carriers that provide coverage for clients' homes, automobiles, boats, and rental properties, as well as group benefits for employees. Antonella Ricciotti founded the agency in 2009, with the aim of catering to a diverse set of commercial industries, and it has since grown to operate across 12 states.

  • Life Insurance

Best Life Insurance Companies Serving Rhode Island
Rhode Island

Expertise.com Rating

Review Sources

Google
4.9 (32)

Why choose this provider?

Since 2002, Fallon Insurance Agency has been serving residents across the Rhode Island area. The independent agency offers whole and term life insurance products that help clients protect their loved ones, anticipate unexpected situations and events, and prepare for the future. The life insurance policies cover burial expenses, mortgages, debts, business agreements, and college tuition. In addition, Fallon Insurance Agency has personal and commercial insurance policies from multiple insurance partners that come with technology offerings and flexible coverage options.

  • Life Insurance
  • Individual Plans
  • Health Insurance

Best Life Insurance Companies Serving Rhode Island
Rhode Island

Expertise.com Rating

Review Sources

Facebook
5.0 (21)

Why choose this provider?

Ford Insurance is an independent agency serving the communities in Rhode Island. It helps individuals determine life insurance plans and the needed coverage that best serves their interests. Its advisors assist in choosing from options such as term or cash value life plans. In addition, they leverage knowledge accumulated from over 15 years of experience to aid clients in making educated decisions. The agency is a member of the Independent Insurance Agents of Rhode Island.

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Best Life Insurance Companies Serving Rhode Island
Rhode Island

Expertise.com Rating

Review Sources

Google
4.9 (45)

Why choose this provider?

KVT Insurance is a family-owned small business. It fulfills the insurance needs of individuals, families, and businesses across Rhode Island. Its agents work one-on-one with clients to determine the ideal coverage tailored to their specific needs and budgets. The agency's insurance products include life, home, auto, renters', and umbrella policies. The team additionally assesses and reviews the insurance coverage of local businesses in the state. KVT Insurance has been in the industry for more than 50 years and also provides protection to clients in Massachusetts.

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  • Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Hunter Insurance Inc
389 Old River Road, Rhode Island, RI 02838
Blaeser Insurance
72 Tupelo Street, Rhode Island, RI 02809
Gilbane Insurance Agency
515 Elmwood Avenue, Rhode Island, RI 02907
Gold Star Retirement & Insurance
68 Cliff Street, Rhode Island, RI 02818
A. Ricciotti Insurance Associates, LLC
100 Midway Road, Suite 20, Rhode Island, RI 02920
Fallon Insurance Agency
Rhode Island, RI
Ford Insurance
23 North Road # A28, Rhode Island, RI 02879
KVT Insurance
1224 West Main Road, Rhode Island, RI 02842

Rhode Island Life Insurance FAQs

  • Which life insurance companies are the largest in Rhode Island in terms of market share?

    Mass Mutual Life Insurance dominates the Rhode Island life insurance market with a commanding 17.68% share. Northern Mutual is just behind it with 14.28%. New York Life secures the third-largest position in the market, holding a 13.28% share. These market share figures are determined based on the total premiums written in the state.

  • What is the maximum life insurance benefit that policyholders can receive from the Rhode Island Life and Health Insurance Guaranty Association in cases where their insurance providers have become insolvent?

    The Rhode Island Life and Health Insurance Guaranty Association offers a maximum benefit of $300,000 for an individual's life coverage. This suggests that a single person's overall coverage across all insurance is limited to this amount. The association protects policyholders by ensuring the continuation of coverage and the payment of claims within specified limits in the event that an insurance company becomes insolvent.

  • What is the timeframe for life insurance companies in Rhode Island to pay claims?

    In Rhode Island, life insurance companies have 30 days to settle claims if they are filed electronically and forty days if they are filed by regular mail. Interest starts accumulating in the beneficiary's account from the moment of the policyholder's passing. This ensures that insurance companies adhere to these timelines.

  • What is the monthly average premium for life insurance in Rhode Island?

    The average cost of life insurance premiums in Rhode Island amounts to $660 annually, equivalent to $55 per month. Various factors determine these rates, including age, standards of living, and risk elements. Life insurance applicants must contact insurance providers directly or use online insurance comparison tools to get quotes based on their specific circumstances and needs.

  • What are the major provisions of Rhode Island’s life insurance laws?

    Rhode Island life insurance policyholders have 20 days to assess their recently acquired policies. If they find that their coverage does not align with their requirements or budgets, they can request policy cancellation and receive a complete refund of the premiums they have paid. Furthermore, policyholders are granted a 31-day window within which they can make up for any missed premium payments to ensure the continued validity of their policies.