Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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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 insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: May 19, 2021

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The Brief

  • Life insurance for inmates is more expensive
  • Felons are considered high risk
  • Inmates have limited life insurance options

It can be difficult to find life insurance for inmates as they are considered high risk by providers. Many companies don’t offer life insurance to those convicted of a crime and those that do offer limited options. If you’re wondering how much does whole life insurance cost for inmates, reading on will answer your questions.

To learn more about affordable life insurance rates for inmates, enter your ZIP code to find the best life insurance quotes in your area.

Can you buy life insurance for inmates?

While it is possible to buy life insurance for inmates, the demographic is considered high risk by most life insurance providers. Many traditional providers don’t offer coverage to those convicted of a crime. To obtain coverage, you might need to acquire life insurance from a provider that specializes in high-risk people.

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What life insurance for inmates is available?

Inmates can obtain life insurance but might be limited in their options. State laws and company policies usually restrict the policy options available to inmates.

Depending on the state in which you live and the company you’re considering, the inmate might only qualify for limited coverage and higher rates.

A life insurance for inmates company will usually only offer guaranteed issue life policies to those convicted of a crime. These are policies that feature guaranteed acceptance, regardless of risk status.

According to the Insurance Information Institute, these types of policies usually feature higher rates due to the lack of a medical exam and are often used to pay for final expenses.

How much does life insurance for inmates cost?

Most life insurance providers consider inmates high risk so rates will be higher than they would for most people. As previously mentioned, those looking for life insurance for inmates will usually only be able to obtain guaranteed issue life coverage.

The following charts show the average rates that an inmate can receive for a $10,000 guaranteed issue life policy based on age.

Average Annual Life Insurance for Inmates Rates by Age: Male $10,000 Guaranteed Issue Life Policy
Age at PurchaseAverage Annual Life Insurance Rates
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The following chart shows the same information for females.

Average Annual Life Insurance for Inmates Rates by Age: Female $10,000 Guaranteed Issue Life
Age at PurchaseAverage Annual Life Insurance Rates
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In addition to inmate rates being higher than most other people, female rates are lower than male rates.

How do you buy life insurance for inmates?

When shopping for life insurance for felons, it’s important to understand that the insured will be considered high risk.

Most companies won’t insure a person convicted of a crime so it’s usually best to look at companies that have a history of providing life insurance for inmates. They’ll be more likely to offer coverage.

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Life Insurance for Inmates: The Bottom Line

Most life insurance companies won’t offer life insurance for inmates because they consider them too high risk. When you do find a company that provides coverage, there might be limitations in the policies offered.

Understanding how life insurance providers view inmates will help you find the coverage you need.

If you’re looking for life insurance quotes for inmates, enter your ZIP code to discover the best rates in your area.