Expertise.com

2024

Last updated:

Best Life Insurance Companies in Richmond

Our Recommended Top 17

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 Richmond 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.

8962Reviewed

5384Curated

17Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
3600 West Broad St, Richmond, VA 23230
  • Life Insurance
  • Term Life Insurance
  • Whole Life Insurance

Why choose this provider?

Millennial Life Insurance is an agency that serves Richmond and nearby areas. It assists clients in selecting term and whole life insurance products that address their unique concerns and needs. The business also provides financial advice and coverages that protect the assets of families and businesses. David Lewis Jr., the owner of Millennial Life Insurance, is an agent that has been in the insurance industry since 2002. His deep familiarity with the ins and outs of insurance systems support his long-term relationships with his clients.

License Verified:

License: 736071

Commonwealth of Virginia State Corporation Commission

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (13)
Google
5.0 / 5 (7)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
104 Walton Park Ln, Midlothian, VA 23114

Why choose this provider?

Sumser Insurance Professionals is an insurance agency serving Virginia and North Carolina since 1994. The agency is independent, which allows its advisers to find and compare the policies of multiple carriers for personal and commercial business. The agency represents ERIE, Travelers, Progressive and Mercury, Dairyland and Hagerty Insurance. Its advisers can also arrange life insurance with Erie Family Life for a variety of purposes, such as mortgage protection and final expenses, and building a college fund for the policyholder's children.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Yelp
3.5 / 5 (22)
Facebook
5.0 / 5 (18)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
7400 Beaufont Springs Dr Ste 300, North Chesterfield, VA 23225

Why choose this provider?

KilGO Insurance specializes in homeowners' insurance, auto insurance, and business/commercial insurance, offering solutions throughout the state of Virginia and providing services locally to Richmond and the surrounding areas. The company is committed to helping people live life confidently. With a belief that clients' financial security and quality of life deserve the utmost dedication, expert advice, and personal attention from a trusted partner, Kilgo Insurance strives to utilize its expertise and strong network of carriers to deliver superior insurance services that make sense for each client's needs.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (150)
Facebook
4.0 / 5 (26)
Yelp
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
5030 Sadler Pl Ste 203, Glen Allen, VA 23060

Why choose this provider?

Founded in 2011, Richmond Insurance Services Inc. is an independent agency serving Richmond and the surrounding cities. Partnered with financially strong carriers, such as Progressive and Rockingham, it can offer clients a wide range of life insurance policies at competitive rates. It also provides impartial advice, detailed information about each policy, and annual reviews to ensure its clients are still getting the best coverage for their money. Richmond Insurance Services Inc. also arranges insurance for commercial clients.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Yelp
3.5 / 5 (22)
Facebook
5.0 / 5 (10)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
2920 W Broad St Ste 100, Richmond, VA 23230

Why choose this provider?

Magnolia Insurance is an independent life insurance company in Richmond that offers a full range of insurance solutions for individuals, families, and businesses. The agency can find the right life insurance policy for any circumstance, such as new homeowners who want to pay off their mortgages in a specified period and people who want to leave a financial legacy for their loved ones. Magnolia Insurance also specializes in individual health insurance and Medicare plans.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.6
Yelp
3.5 / 5 (22)
Facebook
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
2501 Monument Avenue Suite #311, Richmond, VA 23220
  • Life Insurance
  • Term Life Insurance
  • Long Term Care

Why choose this provider?

Partners Richmond, LLC, provides life insurance options for its clients based in Richmond. With more than three decades of experience, the company upholds a "3-principles pledge" to its customers by placing value on being technical, respectful, and informed in its service. It helps clients navigate financial matters such as tax planning, wealth management, business succession, estate management, and retirement income planning, and employ hybrid insurance strategies like long-term care insurance that fit the customer's unique needs.

License Verified:

License: 141203

Commonwealth of Virginia State Corporation Commission

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
4840 Waller Road, Suite 110, Richmond, VA 23230
  • Life Insurance
  • Health Insurance

Why choose this provider?

Insurance & Investment Agents of VA, LLC, is a family-owned and family-operated business that serves clients in the Richmond metro and its surrounding areas. It handles its clients' insurance, property, and casualty needs, including policies for life, home, automobiles, rental properties, and businesses. In addition, it offers both individual and group health insurance and annuity insurance, which can also serve as a retirement fund. Insurance & Investment Agents of VA has been in the industry for more than 15 years.

License Verified:

License: 131544

Commonwealth of Virginia State Corporation Commission

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (20)
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
9464 Chamberlayne Rd Ste 201, Mechanicsville, VA 23116

Why choose this provider?

Atkinson Insurance Agency is an insurance agency serving the residents of Richmond and the nearby communities. The agency maintains relationships with over a dozen relationships with insurance carriers, including Progressive, National General, and Encompass Insurance. Its brokers examine potential clients' current situations to advise them on different life insurance plans, such as whole and term. Atkinson Insurance Agency also offers plans to cover policyholders' automobiles, homes and businesses, and recreational vehicles.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Yelp
4.5 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
510 E Belt Blvd, Richmond, VA 23224

Why choose this provider?

Sweeney Insurance Agency Inc. is an independent life insurance agency in Richmond. It's partnered with more than 20 major carriers, including Berkshire Hathaway and Travelers, to bring clients a choice of life insurance policies that cater to every purpose. The experienced agents discuss the client's coverage needs, compare the policies offered by the agency's partners, and provide clients with impartial advice on the most appropriate products. The agency also arranges policies for drivers, homeowners, and farmers. It offers personal and commercial lines of insurance, as well.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (2)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
10305 Memory Lane Suite 102, Chesterfield, VA 23832

Why choose this provider?

Boisseau Insurance Services is a family-owned insurance agency serving the Richmond metro area since 2001. Its agents provide impartial advice on a wide range of life insurance policies offered by financially sound carriers, such as National General and Erie Insurance. They help clients compare quotes and understand their coverage needs, while also identifying the policies that provide the best value for money. The agents can arrange every type of term life and whole life insurance, including final expenses.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.8
Yelp
3.5 / 5 (22)
Facebook
4.7 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1520 Huguenot Rd Ste 116, Midlothian, VA 23113

Why choose this provider?

Commonwealth Tax & Insurance offers a spectrum of financial services throughout the Richmond metro area, including life insurance and annuities. The owner, Markus Reid, is a licensed life and health insurance agent with many years of experience in the sector. Mr. Reid advises clients on a range of policies that address their needs, such as term life for paying off a mortgage and universal life to manage risk into and including retirement.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.5
Yelp
3.5 / 5 (22)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
8942 Quioccasin Road, STE 115, Henrico, VA 23229
  • Life Insurance

Why choose this provider?

Virginia Insurance Brokers & Consultants is an agency that serves individuals, families, and businesses in Richmond. It offers life insurance plans to provide financial security to beneficiaries and to allow policyholders to concentrate on planning for the future. The agency provides insurance products from multiple insurance companies—including Anthem, Aetna, and MetLife—that cover senior health, dental health, and properties. Virginia Insurance Brokers & Consultants guides clients in selecting insurance policies based on their specific concerns and budgets.

License Verified:

License: 125521

Commonwealth of Virginia State Corporation Commission

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
3600 West Broad Street Suite 106, Richmond, VA 23230
  • Life Insurance
  • Health Insurance

Why choose this provider?

Ray Garfinkel is an insurance professional who has been working at State Farm since 1987. He caters to individuals, families, and businesses in Richmond and the surrounding communities. He helps clients protect their loved ones' futures by providing term, universal, and whole life insurance policies. These products cover college expenses, debt settlements, and mortgage payments. He also offers auto, health, home, pet, and property insurance plans. Garfinkel holds a bachelor's degree in Finance and Marketing Management.

License Verified:

License: 560270

Commonwealth of Virginia State Corporation Commission

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (105)
Facebook
5.0 / 5 (4)
Yelp
5.0 / 5 (1)

Website
9932 Midlothian Tpke, North Chesterfield, VA 23235

Why choose this provider?

BlueSky Insurance Agency is a family-owned life insurance agency in Richmond, founded more than 25 years ago to serve the neighboring communities' residents, families, and businesses with a range of financial services. The company's fluent English and Spanish-speaking agents can arrange various life insurance plans. Their short-term policies cover specific periods, while the long-term plans protect the policyholder during their life and provide their families with tax-free benefits when they pass away.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (7)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
2317 Westwood Avenue, Richmond, VA 23230
  • Multiple Policy Types

Why choose this provider?

Inspire Insurance Agency LLC is a full-service financial firm that connects clients in Richmond with life insurance policies that serve to protect their long-term needs and interests. Its agents inform clients of their life insurance options and find policies that benefit their dependents in crucial ways, such as replacing the provider's lost income, settling unpaid debts, or paying for future educational expenses. In addition to policies that provide death benefits, the agency also offers auto, home, and commercial insurance plans.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (11)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
6002 W Broad St Ste 201, Richmond, VA 23230

Why choose this provider?

Diversity Insurance Agency LLC is a well-established life insurance agency in Richmond with years of experience serving individuals and families in the surrounding communities. The agency is independent, enabling its advisers to compare policies from multiple carriers and provide clients with unbiased advice. Its policies include term life, which is useful for people who want to manage risk over a specific period, and universal life, which provides coverage throughout the policyholder's life, and a financial legacy for their loved ones.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.6
Yelp
3.5 / 5 (22)
Facebook
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
11629 Midlothian Tpke, Midlothian, VA 23113

Why choose this provider?

Archibald Insurance is an independent life insurance agency serving Richmond and the surrounding counties. The agency offers a range of services, such as providing clients with a choice of policies from multiple carriers, making it easier to switch between carriers, and assisting clients with their claims. The agents provide unbiased advice and tailor policies to suit the individual's needs, such as paying off their mortgage or leaving a tax-free financial legacy for their loved ones.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Facebook
5.0 / 5 (22)
Yelp
3.5 / 5 (22)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

FAQs

  • How much can you get in life insurance payouts in Richmond?

    The average life insurance payout in the country is around $168,000. However, it differs for each policy and its face value, and if there are riders and withdrawals of the cash value component. The payout can be given to beneficiaries in Richmond through various methods such as lump-sum payments, installments, and annuities.

  • When will your coverage start if you have employee benefits under the Virginia Retirement System Group Life Insurance Program in Richmond?

    You are covered from your first day of employment in Richmond if you have benefits under the Virginia Retirement System Group Life Insurance Program. Should you go on leave without pay, you will still have coverage for up to 24 months so long as premiums are paid. The same applies to military leave, but the coverage lasts as long as the leave takes place.

  • Which is better for a life insurance payout in Richmond, a lump sum payment or installments spread over time?

    If you would like your beneficiaries to receive a steady stream of income, an installment spread over time would be better. On the other hand, if you need money to pay for something, a debt for example, getting a lump sum payout may be appropriate. Overall, it depends on your financial needs and goals in Richmond.

  • Can you still reinstate a lapsed insurance in Richmond?

    You can reinstate lapsed insurance in Richmond, which is usually caused by non-payment of premiums, subject to approval by the insurance company. You will be required to pay all unpaid premiums, plus any interest accumulated, and asked to provide proof of insurability. Depending on the insurer's policy, reinstatement of lapsed insurance can be done within three years from the missed payment.

  • How can final expense insurance benefit families in Richmond?

    Final expense insurance provides funeral and burial benefits for grieving families. It can pay for the cost of the burial plot, casket, service, headstone, and the like. Getting this insurance over traditional life insurance is more affordable. It does not entail medical exams and does not require an increase in premiums. Beneficiaries in Richmond can usually be paid within 24-48 hours after the insured passes away unlike in traditional life insurance, which can take a few weeks.

  • 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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