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Life insurance comparison shopping might be annoying. But those days are long gone when getting a quote meant speaking to a salesperson or agent. Online life insurance providers are making it simpler than ever to obtain the coverage you need to protect your family.
However, the variety of options is expanding daily. Although most companies offer a quick way to request a life insurance quote, finding a place to buy can still be difficult.
For this reason, we’re dissecting the top online life insurance companies on the list. These businesses make the process of purchasing life insurance simple by keeping it quick and online. Also keep in mind that getting a quote is worthless. See our list below!
Top 10 online insurance companies
- Bestow
- Ethos
- Fabric
- Haven Life
- Ladder
- LeapLife
- Policygenius
- Prudential
- Quotacy
- Sproutt
Promotion: Check out Bestow if you just want a business that offers reasonable prices, a quick online quote, and the best knowledge possible. They make purchasing life insurance simple!
1. Bestow
Bestow is an online life insurance provider that offers both a short-term and future setup option. It makes the process of acquiring term life insurance simple through the use of technology. Additionally, it does away with the need for doctor appointments.
A ten-year level term insurance and a twenty-year level term policy are currently available.
They assert that they can offer a $500,000 policy for as little as $16 a month. Their maximum insurance amount is $1 million.
2. Ethos
One of the first online term life insurance providers was Ethos. They were one among the first companies to employ technology to make applying for insurance policies straightforward. They were also among the first online businesses to offer various insurance without the necessity for a medical.
Ethos provides good term life insurance coverage with terms ranging from ten to thirty years. Additionally, they offer policies without a medical exam up to $1,000,000, and they offer larger policies if you do receive a medical exam.
3. Fabric
Another online term life insurance provider (or life assurance technology provider) that specializes on offering level term life insurance without a medical, in addition to alternative estate planning assistance such wills, is Fabric Life Insurance.
They provide coverage with monthly rates as little as $6 for those aged twenty-five to sixty. Policies might cost anywhere between $100,000 to $5,000,000.
4. Haven Life
Another of the first online term insurance companies, Haven Life is committed to providing high-quality term insurance at competitive prices. Although their application is a little bit longer than others’, they do offer extremely low prices for term insurance without a health check.
For persons under the age of fifty-nine, they provide term insurance up to $3,000,000. You can check to see whether you are eligible for a $1,000,000 term insurance coverage if you are between sixty and sixty-four years old.
5. Ladder
One of the more recent businesses in the online term insurance sector is called Ladder, and they aim to make insurance simple. With a wide range of term insurance options, they offer a superb online term insurance experience.
If you are between the ages of twenty and sixty, Ladder will let you get a term insurance coverage. They offer insurance starting at $100,000 and going up to $8,000,000. This is frequently one of the best discounts we typically encounter in the online term insurance market.
Additionally, they provide terms ranging from 10 to thirty years.
6. LeapLife
LeapLife can help you look for, compare, and get customized insurance policy quotes with advice in order to get the best deal.
They provide affordable level term insurance online, and unlike some of the other companies on this list, you can also get whole life plans by working with their insurance consultants.
As a result, they provide slightly more customization than some of the businesses below.
7. Policygenius
In no way is Policygenius an insurance provider. Instead, it is a marketplace/comparison platform that makes buying insurance (and pretty much any other type of insurance) really simple. It’s one of the simplest tools for comparing insurance options available.
They can provide you with term insurance quotations for terms ranging from five years to thirty years and from $500,000 to $10,000,000.
But not all of their policies are available online. Since they are a market, they do have some online insurance companies and other businesses that may need a lot of work. Don’t discount it, though; it’s wonderful to check out and browse around.
8. Prudential Financial
One of the oldest life insurance companies is Prudential, and they offer every type of contract available. But not all of those are accessible online.
Simply Term, an online term life insurance policy, is available in coverage levels up to $500,000. It is available for terms of 10, twenty, or thirty years. This is frequently the least flexible and least expensive coverage given when compared to other online options on this list.
To get prices on the full range of products they offer, however, prudent requires you to move outside the parameters of the internet policies AND speak with an agent.
9. Quotacy
Another online term life insurance comparison tool is Quotacy. It was undoubtedly one of the first technologies that made it possible to compare term life insurance options rapidly online.
When it comes to life insurance policies (beyond term), Quotacy has a wide selection to choose from. Its customer service department is also top-notch. Even if they evaluate life insurance policies from many companies, all transactions are conducted directly with them.
10. Sproutt
One of the newest online term life insurance providers is Sproutt. The fact that Sproutt promises to provide you lower premiums for engaging in healthy activities sets them apart from other insurance providers.
Making a score for your healthy lifestyle can help you save a lot of money on your term life insurance. Online quotes are quick and simple to request, so check them out and see if you can save.