Life Insurance For Felons | What Is A Good Company For Convicted Felons In Jan 2025?

Trying to get life insurance as a felon can seem like an uphill battle, especially if you are just getting out of jail or prison.  But here’s the thing:

Not all life insurance companies are created equal. Some of them will offer you coverage even if you have a criminal record.

However, it won’t be easy to get the best rates, because of that; In this post, I will discuss how you can get life insurance with a felony conviction, if there are any alternatives to life insurance if you have a felony, and much more.

Can Convicted Felons Get Life Insurance?

Yes, most of the time, people who have been convicted of a Felony or Misdemeanor can qualify for a traditional life insurance policy. Some may even be eligible for a no exam life insurance policy with standard or preferred rates. But, if I am being honest, getting covered won’t be a walk in the park. Several factors come into play when trying to figure out if an insurance company will protect you.

Your ability to get covered will be heavily dependent on the company you choose to get coverage through and how they will underwrite your specific crime.Insurance companies want to know if you were simply charged with a felony or did you get convicted. Suppose you were arrested for a felony but not convicted.

In that case, it could affect your premiums but trying to get coverage won’t be nearly as bad as it is for someone with a felony.

Life insurance companies will also take into consideration:

• The number of offenses you committed
• When you got out of jail
• Your current probation or parole status
• The amount of time you served for your felony

There are other factors to consider, but your biggest takeaway should be that you can get coverage.

Still, it won’t be easy, and it will probably take longer than usual to get out of underwriting.

Can You Get Life Insurance As A Prisoner?

No, if you are currently a prison inmate or incarcerated, you won’t be able to get life insurance. An insurance company would not be willing to take the risk of you passing away.

Simultaneously, prison is full of people who also “in the eyes of the insurance company,” are living a risky lifestyle. However, once you are out of prison, you can apply for life insurance.

It would be best to wait until after you have finished any probation time before you look to apply for life insurance.

Is There A Life Insurance Background Check?

Life insurance companies may order a background check when completing your application.

The check's extent usually depends on the amount of coverage you are obtaining and the insurance company you are applying through.

The longer it has been since you were incarcerated, the better your chances of getting approved become.

Why Life Insurance Companies Care About Your Criminal Record?

Insurance companies collect a ton of data, showing that people who have criminal records tend to live shorter lives, especially people who have been convicted of felonies. However, this doesn’t mean that insurance companies see all crimes as the same. Your offense will be considered on a case by case basis.