Best Life Insurance Company That Accepts ITIN in 2024
There are life insurance companies that accept ITIN but it comes with qualifications. Insurers want to see that you have ties to the United States of America. You can get an ITIN even if you don’t have a Social Security number if you need to pay federal taxes. Your ITIN and immigration status won’t have an impact on your ability to buy life insurance, but it may limit the policies you qualify for. The best way to buy life insurance with an ITIN number is to compare quotes online.
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Heidi Mertlich
Licensed Life Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the ...
Licensed Life Insurance Agent
UPDATED: Dec 4, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from top life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Dec 4, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from top life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Some life insurance companies will sell policies to people with just an ITIN and not a Social Security number
- To be approved for life insurance, an applicant should have good connections to the United States
- The Internal Revenue Service can give someone an ITIN regardless of immigration status
If you want to buy from life insurance companies that accept ITIN numbers, it can be hard to gather all the facts. Getting certain types of coverage can be complicated, especially for anyone without a Social Security number.
This guide will lead you through the procedure and give you the facts so you can safeguard your family or use life insurance as an investment.
Keep reading to find out how you can buy insurance from the best life insurance companies that accept an ITIN.
You can shop for affordable life insurance companies that accept ITIN right now. All you have to do is enter your ZIP code to find rates from life insurance companies that accept ITIN in your area.
Companies That Will Sell Life Insurance With An ITIN
Many people living in the U.S. do not have a Social Security number for various reasons. For example, you could be a new immigrant or a student from abroad.
Can you get life insurance with an ITIN? Fortunately, yes. Companies will still sell you life insurance with an ITIN. It is a form of identification that is just as valid as any other.
To help you decide which company to choose, take a look at the top-rated life insurance companies in the country:
A.M. Best Ratings of the Best Life Insurance Companies
| Companies | A.M. Best Rating |
|---|---|
| Allstate | A+ |
| Banner Life | A+ |
| Guardian Life | A++ |
| Haven Life | A++ |
| John Hancock | A+ |
| MassMutual | A++ |
| Mutual of Omaha | A+ |
| Nationwide | A+ |
| New York Life | A++ |
| Northwestern Mutual | A++ |
| Pacific Life | A+ |
| Primerica | A+ |
| Principal | A+ |
| Protective | A+ |
| Prudential | A+ |
| State Farm | A++ |
There are also life insurance companies that don’t accept an ITIN, so you might need to shop around.
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What is an ITIN, and how can I get one?
The Internal Revenue Service (IRS) provides non-citizens with an ITIN as a means of identification to pay taxes.
“Can I get life insurance with an ITIN number?” you may ask, due to your immigration status? Yes, you can. And you can rest easy knowing that getting the ITIN is quite simple.
Simply fill out the W-7 form from the IRS, and it will provide your number to you in seven weeks or less.
What do I need to qualify for life insurance with an ITIN?
The most important thing life insurance companies will look for is if you have significant ties to the United States. Owning property is one way to prove this.
One example where you would not be able to obtain life insurance in the United States is if you recently entered the nation illegally without documentation.
Suppose this is the case and you don’t have anything, such as bank accounts other substantial connections to the country yet. In that case, you are likely to be denied even if you find a life insurance company that accepts ITIN life insurance.
What will life insurance with an ITIN cost?
If you’re curious about how much $250,000 in life insurance costs, here are some average monthly rates for term life insurance for that amount:
Average Monthly 20-Year Term Life Insurance Rates by Age, Gender, and Coverage Value
| Age and Gender | $250,000 Policy Average Monthly Life Insurance Rates | $500,000 Policy Average Monthly Life Insurance Rates | $750,000 Policy Average Monthly Life Insurance Rates | $1 Million Policy Average Monthly Life Insurance Rates | $2 Million Policy Average Monthly Life Insurance Rates |
|---|---|---|---|---|---|
| 20-Year-Old Male | $18 | $29 | $40 | $47 | $86 |
| 20-Year-Old Female | $15 | $22 | $30 | $35 | $64 |
| 25-Year-Old Male | $17 | $28 | $39 | $46 | $86 |
| 25-Year-Old Female | $15 | $22 | $30 | $35 | $65 |
| 30-Year-Old Male | $18 | $29 | $40 | $47 | $89 |
| 30-Year-Old Female | $15 | $23 | $31 | $37 | $69 |
| 35-Year-Old Male | $19 | $31 | $44 | $52 | $99 |
| 35-Year-Old Female | $17 | $26 | $36 | $43 | $79 |
Life insurance policies for non-citizens are limited by some insurers to only certain types of life insurance. These are sometimes more expensive options, such as permanent insurance.
While this type of life insurance gives protection for your whole life and has a cash value, it’s also pricier because of those benefits.
To get the best deal, you have to fill out your details so that an insurance company can give you an accurate quote. You can enter your ZIP code to check rates in your area.
Enter your ZIP code below to compare cheap life insurance rates.
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Life Insurance Companies That Accept ITIN: The Bottom Line
Hopefully, this guide has answered all your questions about life insurance companies that accept ITIN, life insurance options, and more.
Before you buy life insurance from companies that accept ITIN, get the advantage by shopping around. Compare quotes from life insurance companies that accept ITIN by entering your ZIP code now into our free tool.
Enter your ZIP code below to compare cheap life insurance rates.
Secured with SHA-256 Encryption
Heidi Mertlich
Licensed Life Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the ...
Licensed Life Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.