--- title: Life Insurance in Vermont: Quotes and State Rules url: https://coverfolk.com/states/vermont updated: 2026-10-08 --- # Life insurance in Vermont Free quotes from licensed Vermont agents, plus the state rules that protect you, in plain words. [Call free (888) 635-3511](tel:+18886353511)[Your rights](#rights) Calls are recorded and may be shared with a licensed agent. Updated October 8, 20265 sources[Fact checked](/editorial-standards) Vermont The short answer In Vermont, you get a set time to return a new policy, written in the policy itself, a 30 day grace period if you miss a payment, and up to $300,000 of protection if your insurance company fails. ## Your rights in Vermont Free look : Set by policyLook for it on the first page of your policy. Grace period : 30 daysCoverage stays on while you catch up. Safety net : $300,000Death benefit protection. Cash value: $100,000. State help line : [802-828-3302](tel:8028283302)Vermont Department of Financial Regulation No general free look period for individual life found in Vermont law (8 V.S.A. chapter 103). 30 days, or one month of at least 30 days if the insurer chooses (8 V.S.A. 3731(2)). * If you die during the grace period, the policy is still in force. The insurer can take the premium due out of the death benefit (8 V.S.A. 3731(2)). ## Who lives in Vermont About 645,000 people live in Vermont. We help people in Burlington, South Burlington, Rutland and the towns in between. **73.2%**of homes are lived in by the owner. Median value $316,600. **24.1%**of people are 65 or older **32,714**veterans live here **$81,203**median household income Census QuickFacts, American Community Survey 2020 to 2024. The 65 and over share is a Census population estimate for July 1, 2025. ## What people in Vermont look for **Mortgage protection** With 73.2% of homes owned and a median value of $316,600, a lot of families want the house covered. [More on mortgage protection](/coverage/mortgage-protection) **Final expense** 24.1% of people here are 65 or older. A small policy keeps funeral costs off your family. [More on final expense](/coverage/final-expense) **Term life** The lowest price for the most coverage while the kids are young. [More on term life](/coverage/term-life) **Veterans** 32,714 veterans live in Vermont. See what goes beyond VGLI. [More on veterans](/jobs/veterans) ## Common questions in Vermont What is the free look period for life insurance in Vermont? No general free look period for individual life found in Vermont law (8 V.S.A. chapter 103). Source: [Vermont free look law](https://legislature.vermont.gov/statutes/chapter/08/103) What happens if I miss a payment in Vermont? Vermont law gives at least a 30 day grace period. 30 days, or one month of at least 30 days if the insurer chooses (8 V.S.A. 3731(2)). Source: [Vermont grace period law](https://legislature.vermont.gov/statutes/section/08/103/03731) What if my life insurance company goes out of business in Vermont? The Vermont Life & Health Insurance Guaranty Association steps in. It protects up to $300,000 in death benefits and $100,000 in cash value, per insured person, as of June 2025. Source: [Vermont Life & Health Insurance Guaranty Association](http://www.vtlifega.org) · [NOLHGA: how you are protected](https://nolhga.com/policyholders/how-youre-protected/) Who regulates life insurance in Vermont? The Vermont Department of Financial Regulation. You can call its consumer help line at 802-828-3302 or visit dfr.vermont.gov to check an agent's license or file a complaint. Source: [Vermont Department of Financial Regulation](https://dfr.vermont.gov) Can I get a life insurance quote online in Vermont? Yes. Coverfolk works with licensed agents in Vermont. Answer a few questions, confirm your phone with a text code, and an agent shows you real prices. It is free. Source: [Vermont Department of Financial Regulation](https://dfr.vermont.gov) Are you a licensed agent? [Buy Vermont insurance leads on Dial Haul](https://dialhaul.com/states/vermont/). ## Sources 1. [Census data.census.gov ACS 2020-2024 profile tables, Vermont](https://data.census.gov/table/ACSDP5Y2024.DP04?g=040XX00US50) 2. [NOLHGA: How You're Protected (coverage as of June 1, 2025)](https://nolhga.com/policyholders/how-youre-protected/) 3. [NOLHGA: Contact My Guaranty Association](https://nolhga.com/policyholders/contact-my-guaranty-association/) 4. [8 V.S.A. 3731 standard provisions](https://legislature.vermont.gov/statutes/section/08/103/03731) 5. [Vermont Department of Financial Regulation](https://dfr.vermont.gov) 6. [Vermont Life & Health Insurance Guaranty Association](http://www.vtlifega.org) This is a plain summary of state rules, not legal advice. Your policy and the law control. Call the Vermont Department of Financial Regulation if you have a problem with a company or agent. Questions? [Call free (888) 635-3511](tel:+18886353511). Answered 24/7. More for Vermont ## More Vermont guides [Final expense in Vermont](/states/vermont/final-expense)[Mortgage protection in Vermont](/states/vermont/mortgage-protection)[Funeral costs in Vermont](/funeral-costs/vermont)[En español](/es/estados/vermont) Questions? [Call free (888) 635-3511](tel:+18886353511). Answered 24/7. 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