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2024

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Best Life Insurance Companies in Hampton, VA

Our Recommended Top 3

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

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

6045Reviewed

3628Curated

3Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

112 Yorktown Road, Yorktown, VA 23693
WebsiteLicense: 2365052

Why choose this provider?

John R. Johnson Insurance Brokerage offers policies to clients in the Hampton area. Its life insurance pays out to beneficiaries upon the death of the policyholder. The amount can cover funeral expenses, outstanding debts, and future costs like college tuition. The company also offers individual and group health insurance that provides compensation for hospitalization and medical bills. In addition, John R. Johnson Insurance Brokerage helps people who are at least 65 years old with getting Medicare coverage.

  • Life Insurance

70 W. Mercury Blvd, Ste. 201, Hampton, VA 23669
WebsiteLicense: 575080

Expertise.com Rating

Review Sources

Google
4.9 (72)
Facebook
5.0 (10)
Yelp
3.0 (2)

Why choose this provider?

Shelton Lucas is an insurance agent serving the Hampton area. He is a State Farm® agent offering various products, including life insurance. Shelton covers funeral or cremation costs, hospital expenses, and estate settlement charges. Auto, house, property, business, pet, and health insurance are his other offered services. Banking, mutual funds, and annuities are also available. He aims to assist individuals in coping with the hazards of daily life and recovering from the unexpected.

  • Life Insurance

2960 Hampton Highway Suite E, Yorktown, VA 23693
WebsiteLicense: 893794

Expertise.com Rating

Review Sources

Google
4.9 (113)
Facebook
5.0 (6)

Why choose this provider?

Che Henderson is a State Farm insurance agent who serves customers in Hampton and nearby areas. He provides options for the type of insurance a client requires, such as term, whole, or universal life insurance. Clients may also ask for a combination of the three to meet their specific needs. Henderson assists policyholders who need help in changing policies or beneficiaries. He also offers insurance plans for cars, homes, pets, and businesses. The agent can speak Spanish.

  • Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
John R. Johnson Insurance Brokerage
112 Yorktown Road, Yorktown, VA 23693
Shelton Lucas
70 W. Mercury Blvd, Ste. 201, Hampton, VA 23669
Che Henderson
2960 Hampton Highway Suite E, Yorktown, VA 23693

FAQs

  • When does a life insurance plan in Hampton begin its incontestability period?

    A life insurance plan in Hampton begins its incontestability period on the first day of the policy and often lasts from two to three years. The insurance provider must present evidence of misstatement in the application during the incontestability period and is not permitted to contest the data after this timeframe.

  • What situations allow the IRS to seize a beneficiary's life insurance proceeds in Hampton?

    If the decedent's estate or the beneficiary owes taxes, the IRS may collect the beneficiary's life insurance proceeds in Hampton. Interest on annuities and gains from cash-value policies surrendered before death can also be taxed. Policyholders should carefully arrange their estates and use trusts to avoid these scenarios.

  • If you cancel your life insurance coverage in Hampton, do you receive a refund?

    It depends on the kind of Hampton life insurance policy since term life insurance often doesn't offer refunds after cancellation. If you have a whole or universal life insurance policy, you might get the cash surrender value, but there might be surrender charges and taxes associated with it.

  • Can Hampton military personnel carry numerous life insurance policies?

    It is legal for military personnel in Hampton to be covered by several life insurance policies. To guarantee adequate coverage for their needs, military personnel should obtain either Veterans' Group Life Insurance or Servicemembers' Group Life Insurance on top of a private life insurance plan.

  • Can Hampton residents with HIV purchase standard life insurance policies?

    As long as their illness is well-managed and they meet specific health requirements established by the insurance provider, patients with HIV in Hampton will be eligible for conventional life insurance plans. Do note that patients with HIV may find it hard to get typical life insurance policies because of the stricter requirements and required medical exams.

  • 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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