Compare Life Insurance Companies That Cover Undocumented Immigrants (2022)

Life insurance companies provide coverage to undocumented immigrants. Showing proof of identification will help you obtain coverage, and federal law protects death benefits. Understanding life insurance companies that cover undocumented immigrants will help you find a policy.

Before learning about life insurance companies that cover undocumented immigrants, enter your ZIP code to get free life insurance quotes available in your area.

How much is coverage from life insurance companies that cover undocumented immigrants?

Can undocumented immigrants get life insurance? A person’s immigration status doesn’t affect their life insurance eligibility or rates. Instead, companies look at your criminal background and employment status to determine eligibility.

Comparing affordable life insurance companies that cover undocumented immigrants will help you find the best rates. The following charts show the average monthly rates for men for a 20-year term life insurance plan at $1 million by company and age.

Average Male Monthly Rates from Life Insurance Companies That Cover Undocumented Immigrants: 20-year term at $1 million

The following chart shows the same information for women.

Average Female Monthly Rates from Life Insurance Companies That Cover Undocumented Immigrants: 20-year term at $1 million

As you can see, when it comes to rates from life insurance companies that cover undocumented immigrants, Banner Life is the most affordable, and coverage is cheaper for women.

Some life insurance companies will limit the coverage available for undocumented immigrants to somewhere between $50,000 and $100,000. Researching multiple companies will help you find the company that offers the best plan with the right coverage amounts.

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What policies are available from life insurance companies that cover undocumented immigrants?

If a life insurance company accepts ITINs, you’ll be able to get the same coverage as a citizen. However, the best policy depends on factors like your age and health.

Term life plans are often the best option because they have lower rates. However, these policies are for a limited time, leaving you without coverage once your policy expires. Permanent life plans last for the rest of your life but have higher rates.

If your age or health results in high rates or coverage limitations, you have other options. Guaranteed issue plans offer automatic acceptance without a medical exam. The rates are higher, but this is an option for those that don’t qualify for traditional life insurance due to their advanced age or health history.

Another option is burial insurance. This policy pays for your final expenses, such as your funeral and burial costs, and has much lower rates. If your primary concern is reducing the debt caused by your death, this is a low-cost alternative to traditional life insurance.

How can you get coverage from life insurance companies that cover undocumented immigrants?

You might find life insurance companies that don’t cover undocumented immigrants when searching for coverage. Companies that do will ask for some form of identification. This allows the company to avoid fraud. Common ways to prove one’s identity include:

• Social Security number
• Student visa
• Green card

An undocumented immigrant might not have this documentation, which could lead them to ask, “How can undocumented immigrants get insurance?” Fortunately, there is another way to provide identification.

An individual taxpayer identification number (ITIN) is issued to workers by the IRS through form W-7. Primarily used for income tax reporting, this number is for workers that are not U.S. citizens, including:

• Non-citizens
• Foreign nationals
• Resident aliens

A person’s ITIN can be used to open a bank account, file taxes, and purchase security, like life insurance. If you provide an ITIN, the insurer won’t ask about your immigration status. Instead, the company will use the number to check your medical history and criminal background.

If you’ve worked for an American company, you should find your ITIN on your pay stub. If you didn’t receive a pay stub, you can file a W-7 request with the IRS. They won’t ask about your immigration status and you can find your unique ITIN on the form.

In addition to an ITIN, applicants need to be a resident of the United States and have a U.S. bank account. The residential status requirement doesn’t mean you must own a home, but you must live in the country. A bank account is required so that the insurance company can draft the payments.

While not required, some other documents can make your application process more manageable. These documents include:

• Driver’s license
• Doctor’s information and date of last visit
• Employment history

These documents will make it easier for the insurance company to verify your information, allowing you to get quick approval for the best life insurance for undocumented immigrants.

Can you receive death benefits from life insurance companies that cover undocumented immigrants?

The Insurance Information Institute defines a beneficiary as the person or entity named to receive a death benefit. You can find affordable quotes from life insurance companies that cover undocumented immigrants, but how can you be sure your beneficiary will get the death benefit?

In the event of the death of a life insurance policyholder, federal law obligates the allotted funds to go to the beneficiary. The law protects the money regardless of whether the policyholder or beneficiary is an undocumented immigrant.

However, it can be difficult for undocumented immigrants to obtain the funds. Federal authorities, such as immigration and customs enforcement (ICE), can hold the payout while verifying your legal status. An immigration lawyer can advise you of your rights and help you receive the total payout.

Life Insurance Companies That Cover Undocumented Immigrants: The Bottom Line

Life insurance is available for undocumented immigrants, as long as they have an ITIN, are U.S. residents, and have a U.S. bank account. Rates will be the same as for citizens, and federal law protects the death benefit. Learning about life insurance companies that cover undocumented immigrants will help you obtain coverage.

Now that you know about life insurance companies that cover undocumented immigrants, enter your ZIP code to find free life insurance rates in your area.

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