Can individuals with a felony conviction acquire life insurance in Virginia?

Individuals with a felony conviction can acquire life insurance in Virginia, but the insurer has the discretion to evaluate their application. Insurers typically consider various factors when assessing a risk profile, including criminal history. Each application is reviewed on a case-by-case basis, allowing the insurer to weigh the nature of the felony, the time elapsed since the conviction, and other relevant information.

While some companies may impose restrictions or additional requirements for individuals with felony convictions, the overall framework does permit access to life insurance. Insurers are not legally bound to deny coverage solely based on a felony conviction; rather, they can decide how much weight to give that factor in relation to the other aspects of the applicant’s life and risk.

This leniency underscores the importance of fostering inclusivity and understanding that individuals can redeem themselves after serving their time, aligning with broader social and rehabilitation principles.