Life Insurance for Felons (Discounts & Rates)

Life insurance for felons may be more expensive than average ($9/mo) since felons usually have short life expectancies. However, it's not impossible to buy life insurance for felons. Certain crimes will automatically disqualify criminals, but the longer you wait to apply after a felony conviction, the easier it is to find a policy.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Written by D. Gilson, PhD
Professor & Published Author D. Gilson, PhD

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Jun 1, 2022

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The Highlights

  • Life insurance for felons is possible but difficult to buy
  • Certain felonies will disqualify you from a life insurance policy
  • Felons could face higher life insurance rates

Despite what you may have heard, you can get life insurance for felons. However, it may be challenging to get life insurance quotes for felons – it all depends on the nature of the criminal conviction.

Read through this guide to learn how to buy life insurance for felons, what felonies disqualify felons from life insurance, and which life insurance companies insure felons.

Are you ready to find affordable life insurance for felons right now? Enter your ZIP code in our free online quote tool above to compare the best companies near you.

How much are life insurance rates for felons?

There’s no absolute number we can give you. Felons may have shorter life expectancies, so some life insurance companies won’t extend life insurance coverage to a felon.

However, some life insurance providers will accept felons. You may have to pay higher than average rates.

But what’s the average rate? Let’s start with the best insurance companies in the United States.

Average Monthly Life Insurance Rates and A.M. Best Rating by Company
CompanyAverage Monthly Life Insurance RatesA.M. Best Rating
Banner Life$9A+
Guardian Life$10A++
Haven Life$11A++
John Hancock$11A+
Mutual of Omaha$12A+
New York Life$11A++
Northwestern MutualN/AA++
Pacific LifeN/AA+
State Farm$15A++
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Life insurance depends on age, health, and lifestyle. Regardless of how much a felon’s lifestyle has changed, life insurance companies will want to know about the felony conviction.

This ultimately determines the cost of the life insurance policy. If a felon isn’t on probation, they may be eligible for a policy.

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Why do life insurance companies care about criminal records?

A criminal record reveals a potential customer’s lifestyle. Those who have felonies or misdemeanors within two years of getting a policy are risky to insure.

What is a felon? A felon is anyone who committed a felony – a serious crime that has affected a group of people or society.

Some life insurance companies may refuse your life insurance application altogether if you have these felony charges on your criminal record:

  • child molestation
  • drug trafficking
  • human trafficking
  • rape
  • murder
  • kidnapping
  • conspiracy to commit crimes listed above

Most companies advocate against these crimes and certainly won’t provide life insurance coverage for felons who were convicted of these crimes.

Life insurance providers may not dock you for felonies, such as theft, DUI, crimes involving property, drug-related crimes (drug use), and assault. Each insurance company looks at felonies differently.

How can I buy life insurance for felons?

Try getting a term life insurance or whole life insurance policy through some of the best companies first. If they approve you for a standard life insurance policy, follow the company’s instructions to get your policy.

The good news is if the traditional route doesn’t work, you can look for guaranteed issue life insurance or burial insurance.

These life insurance policies are easier to obtain but lack the capabilities of customized term life insurance and whole life insurance. Also, you won’t have to take a medical exam for them.

What can you not do if you are a convicted felon? Lying on your life insurance application will disqualify you from getting a policy.

Life Insurance for Felons: What’s the bottom line?

Getting life insurance for felons is challenging. Some life insurance agents and companies won’t bother insuring felons, but it doesn’t hurt to try.

If traditional life insurance isn’t working out, try no medical exam life insurance or burial insurance to get covered.

Now that you know more about life insurance for felons, use our free comparison tool below to compare multiple companies in your local area.

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

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