Expertise.com

2024

Last updated:

Best Life Insurance Companies in Rhode Island

Our Recommended Top 8

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 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.

47017Reviewed

28213Curated

8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

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.

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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.

  • Life Insurance

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.

  • Life Insurance

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

Rhode Island

Expertise.com Rating

Review Sources

Google
4.9 (38)

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.

  • Health Insurance
  • Life Insurance

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.

  • Life Insurance

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

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

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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