Can Someone Get Life Insurance In Prison?

Shawn Plummer

CEO, The Annuity Expert

It’s a question that many people don’t think to ask: can you get life insurance in prison? The answer, unfortunately, is no. Life insurance companies will not offer policies to those who are incarcerated. This is because prisoners are seen as high-risk customers.

Can Someone Get Life Insurance In Prison?

Currently Incarcerated

The answer to whether someone can get life insurance in prison is a definitive no. Due to the potential hazards of living an imprisoned lifestyle, it’s improbable that any traditional or high-risk insurer will provide coverage for those behind bars. Even if you are willing to pay exorbitant premiums, it might not make a difference, as few companies will even consider writing the policy in these cases.

It is worth noting that life insurance companies will not cancel a policy even if the insured person has been arrested as long as premiums are paid. While incarceration increases risk levels, once an individual has acquired an approach, their coverage does not change – meaning the only way to terminate it is by ceasing premium payments.

Formerly Incarcerated

Acquiring life insurance coverage can be daunting for formerly incarcerated people. Most insurers deem the risks too high to protect if probation or parole terms are involved. As long as there is an option that you may be sent back behind bars once again, insurance carriers will typically refuse to issue any new plans for this type of person.

In conclusion, the chances of getting life insurance for incarcerated people are slim. If you are looking for life insurance for someone in prison, the best option may be to look for a high-risk insurer willing to write a policy but be prepared to pay much higher premiums.

Can You Get Life Insurance With A Felony?

The answer to this question depends on the type of felony and when it occurred. If a person has been convicted of a nonviolent crime that happened more than seven years ago, there is a chance they could find some life insurance companies who will write them a policy. However, if the conviction was for a violent felony or occurred within the last seven years, it is unlikely that any company will provide coverage. The more serious the crime, the less likely an insurance company will offer life insurance to those with a felony on their record.

Can You Get Life Insurance While On Probation?

The answer to this question also depends on the case’s details. In general, getting life insurance coverage will be difficult if someone is on probation and convicted of a crime. If the offense is violent, the chances of getting life insurance are more complex; if the crime is less damaging. However, some companies specialize in high-risk cases and may be willing to provide coverage.

Helpful Tip: If you need a cheap service to set up your entire estate plan, we recommend:

Life Insurance Beneficiary Incarcerated

Next Steps

The belief that you can’t get a policy regarding life insurance in prison is false. We can provide further details about similar policies and guide you toward making an informed decision. Please request a free quote today and let us help you on your journey toward finding life insurance.

Need Help Getting Life Insurance Coverage?

Contact us if you need help purchasing a life insurance policy. The service is free of charge.

Life Insurance Inquiry

*Disclosure: Some of the links in this guide may be affiliate links. I may receive a commission at no cost to you if you purchase a policy. It helps us keep the lights on!

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

Scroll to Top