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2024

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Best Life Insurance Companies in Chesapeake, VA

Our Recommended Top 10

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Chesapeake 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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10Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1021 Eden Way North, Chesapeake, VA 23320
WebsiteLicense: 107499

Expertise.com Rating

Review Sources

Facebook
4.6 (6)
Google
5.0 (5)

Why choose this provider?

McBride Group is an independent insurance agency based in Chesapeake. Its team of agents assists clients in several areas, including life insurance. They can furnish universal life, variable universal life, and whole life policies, and they also create protection plans that cover two or more people or all members of a family. The risk management specialists have access to protection plans from multiple providers. In addition to creating policies, they also renew and adjust them based on clients' changing needs.

  • Life Insurance
  • Health Insurance
  • Long Term Care

900 Stanhope Gardens, Chesapeake, VA 23320
WebsiteLicense: 145213

Expertise.com Rating

Review Sources

Google
5.0 (16)

Why choose this provider?

COVA Insurance is a full-service agency that delivers insurance products and services to individuals, families, and businesses in the Chesapeake metro. It is a life insurance service provider that offers universal, whole, and term life coverages. Additionally, the company helps clients acquire other personal plans, including homeowners', renters', flood, umbrella, and auto insurance. Its team of insurance agents also handles workers' compensation and professional liability policies. COVA Insurance is an independent company that has been in the business since 2019.

  • Life Insurance

301 North Main Street, Franklin, VA 23851
WebsiteLicense: 129524

Expertise.com Rating

Review Sources

Google
5.0 (1)
Facebook
5.0 (1)

Why choose this provider?

Manry Rawls is an insurance agency that serves Chesapeake residents who seek assistance in managing financial risks. The independent agency helps clients select among various carriers for life insurance options to ensure valuable and customized protection against unforeseen events. In addition to life insurance, it also helps in health insurance, homeowners insurance, and other insurance matters relevant to agribusiness. Manry Rawls was established in 1872 and is among the Mid-Atlantic area's oldest insurance firms.

  • Life Insurance
  • Health Insurance

1001 Scenic Pkwy, Chesapeake, VA 23323
WebsiteLicense: 110633

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Cecil Jenkins & Associates, Inc., serves individuals and businesses in Chesapeake. The independent insurance agency offers life, disability, dental, long-term care, and Medicare insurance products. Life insurance for individuals, small groups, and large businesses, including self-funded plans, HMOs, and PPOs are available. It assists clients from securing the policy and filing claims to regularly updating the policy to cover the client's changing needs. The agency represents multiple carriers, such as Prudential, AIG, and MetLife. It has been operating for more than 35 years.

  • Life Insurance

1545 Crossways Blvd., Ste. 250, Chesapeake, VA 23320
WebsiteLicense: 135322

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Nexus Financial delivers counsel to consumers in Chesapeake. The firm prepares investment plans for its clients and manages portfolios, taking into consideration an individual's needs and tolerance for risk. It works with employees who wish to save for retirement and small businesses who want to provide 401k's as a perk. Nexus Financial is partnered with Interactive Brokers, the Gradient Financial Group, and Orion Portfolio Solutions. It employs modern technology like the Generation Vault online portal that lets clients review their options remotely.

  • Life Insurance

1548 Holland Road, Suffolk, VA 23434
WebsiteLicense: 100586

Expertise.com Rating

Review Sources

Google
5.0 (11)

Why choose this provider?

Stephanie Langkil is a life insurance agent who has over 29 years of experience in the industry. She has set up her own agency under State Farm, serving clients in Chesapeake, Suffolk, and the surrounding areas. Langkil specializes in providing insurance options for vehicles, life, health, and homeowners. Its auto insurance includes coverage for motorcycles and recreational vehicles. Additionally, Langkil is able to assist families and individuals relocating to ensure their insurance policies are in place.

  • Life Insurance
  • Health Insurance

830 Greenbrier Circle, Chesapeake, VA 23320
WebsiteLicense: 125025

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

Member's Assurance Property and Casualty is an independent insurance agency serving families and businesses in Chesapeake for more than 10 years. The company represents various insurance providers to help clients select whether they need term life insurance or permanent insurance plans for their families. It also offers a full range and comprehensive insurance products, including auto insurance, home insurance, flood insurance, and business insurance. Member's Assurance Property and Casualty operates in North Carolina, South Carolina, and Maryland.

  • Life Insurance

1200 Armory Drive, Franklin, VA 23851
WebsiteLicense: 579363

Expertise.com Rating

Review Sources

Facebook
4.0 (20)

Why choose this provider?

Patty Rhodes is a State Farm agent that offers life insurance services in Chesapeake and the surrounding areas. She can provide 24-hour support for her clients, with the option for evening appointments to assist them with their insurance or financial concerns. In addition, home, auto, and business insurance packages are available. Patty has over 30 years of experience in the industry, and she is licensed in Virginia and North Carolina. She is also a loan originator who can deliver a variety of mortgage solutions.

  • Life Insurance
  • Health Insurance
  • Whole Life Insurance

3706 Winchester Drive, Portsmouth, VA 23707
WebsiteLicense: 128880

Expertise.com Rating

Review Sources

Google
4.0 (8)

Why choose this provider?

Taylor & Brinkley Insurance is a family-owned and family-operated independent agency serving Chesapeake. It provides tailored life insurance coverage such as term and whole or universal plans. Its team of professionals assists clients in choosing a policy depending on their needs, its coverage options, and the beneficiary included in it. The agency also specializes in a wide range of personal and commercial lines of insurance including auto, home, business liability, and workers' compensation. It conducts one-on-one strategy meetings, policy check-ups, policy coverage assessments, and educational seminars.

  • Life Insurance

1407 Stephanie Way, Chesapeake, VA 23320
WebsiteLicense: 106383

Expertise.com Rating

Review Sources

Google
4.0 (92)
Facebook
5.0 (4)

Why choose this provider?

Ferguson Insurance Center is a local insurance agency that provides its services in the Chesapeake metro. It assists families and individuals in obtaining personalized life insurance coverages suited to their specific needs. In addition, the company helps clients acquire other personal and business policies, such as homeowners', rental property, workers' compensation, business liability, and agricultural insurance. It represents various insurance companies, including Nationwide, Progressive, and Travelers. Ferguson Insurance Center is a family-owned and family-operated business founded in 1996.

  • Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
McBride Group
1021 Eden Way North, Chesapeake, VA 23320
COVA Insurance
900 Stanhope Gardens, Chesapeake, VA 23320
Manry Rawls
301 North Main Street, Franklin, VA 23851
Cecil Jenkins & Associates Inc
1001 Scenic Pkwy, Chesapeake, VA 23323
Nexus Financial
1545 Crossways Blvd., Ste. 250, Chesapeake, VA 23320
Stephanie Langkil
1548 Holland Road, Suffolk, VA 23434
Member's Assurance Property & Casualty
830 Greenbrier Circle, Chesapeake, VA 23320
Patty Rhodes
1200 Armory Drive, Franklin, VA 23851
Taylor & Brinkley Insurance
3706 Winchester Drive, Portsmouth, VA 23707
Ferguson Insurance Center
1407 Stephanie Way, Chesapeake, VA 23320

FAQs

  • What is the optimal approach to integrating life insurance into one's financial portfolio in Chesapeake?

    Consider getting a Chesapeake term life insurance policy. A significant portion of your funds should also be invested in tax-deferred individual retirement accounts and 401(k) plans. Cash-value policies are less likely than stock funds to provide financial benefits. Additionally, if you already have a cash-value policy, keep it. Tax-deferred investments can have significant monetary value, and high-quality corporate bonds or long-term CDs can take 15 years or more to yield a decent return. As a result, include higher-yielding investments like stock funds in your policy to strike a balance.

  • Should you purchase life insurance policies in Chesapeake for your children?

    It depends. You can use college savings or, if available, a rider on your existing policy to purchase life insurance for children in Chesapeake to cover the cost of a child's death. Nonetheless, if you purchase life insurance for your child, they may use it to cover a parent's final expenses. However, if your current policy has a cash value that includes a death benefit and an investment or savings component, purchasing a policy for your child may not be necessary.

  • Can you borrow against the cash value of your Chesapeake Guaranteed Acceptance Life Insurance policy?

    In Chesapeake, if your policy is active and has a cash value, you are eligible to borrow against it. A compounded interest rate of 8% is applied to the loan each year. The policyholder's death benefit is lowered by any unpaid loan balance and interest at the time of death.

  • What happens if the beneficiary in Chesapeake dies before the policyholder?

    If a life insurance policy recipient in Chesapeake dies before the covered individual, the death benefit is distributed to alternative beneficiaries. If there are no contingent beneficiaries, the benefit will be administered by probate. You can avoid this by designating multiple beneficiaries to prevent your estate from receiving the death benefit. Beneficiaries should be aware of your life insurance policy and how you wish for the proceeds to be distributed.

  • Can creditors seize a death benefit when a person dies with unresolved debts in Chesapeake?

    Creditors in Chesapeake can only claim the death benefit if it is deposited into your estate after your death. This occurs only when no beneficiary is named in the policy. A creditor has no legal rights to the death benefit of a properly named beneficiary on a life insurance policy because it is paid directly to the authorized person or people.

  • 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.

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