Best online life insurance of 2021 is what we will be looking at in this article.
Buying life If you are unsure of the best one to purchase this year, we are here to guide you.
We will be listing out the best online life insurance of 2021, highlighting their importance. You will then decide on the one you think is best for you.
Types of life insurance available.
We have two types of life insurance that are available they are term and permanent.
1. Term Life insurance:
First, term life insurance will only cover a limited period, say 10, 20, 30 years.
Term Life insurance doesn’t build value in cash. If you die within the term insurance, your money will be paid to your beneficiary.
When it expires you can either reassess your options or buy a new policy entirely.
2. Permanent life insurance:
Permanent life insurance is a policy that does not expire. If you are buying this life insurance
Your savings grows at a guaranteed rate.
Additionally, it ensures favorable tax treatment.
Best online life insurance platforms 2021.
Sprout promises to match you with the right life insurance plan.
They are an online term life insurance plan.
Furthermore, they will provide quotes based on your lifestyle using a QL score.
Sprout minimum coverage is $50,000 and maximum is $3,000,000
Additionally, they are a healthy technology startup that aims to take your lifestyle information to predict your quality of life.
They are available in Washington DC including 50 states.
You can reach them on their customer number (888) 786-3917 and their mailing address Sproutt 100 Pearl Street, 14th Floor Hartford, CT 06103. Their customer service hours are from Mon-Fri, 8 AM – 7 PM (ET).
The policy term is from 10 to 30 years.
Furthermore, they have an online account management
Bestow application process is entirely online.
The steps for application are:
- Your basic identifying information: email, address, and Social Security Number.
- Your life. This includes citizenship, medical history, lifestyle, and hobbies.
- Beneficiaries. This is whoever would receive the death benefit in the event of the insured’s death.
- Policy and payment details. If approved, choose the coverage amount and term length, then enter credit card info to purchase and bind the policy.
With bestow, you can get a quote within seconds, topmost minutes.
With bestow, you get plans from just $10 a month. Get coverage from $50,000 to $1.5 million.
3. Ethos life insurance:
Most important is ethos. Ethos provides online term life insurance at a low cost. The application process is very easy.
Additionally, it required no medical checks.
The minimum coverage provide by ethos is $25,000 and the maximum is $10,000,000.
The age range is from 18years to 75years. They offer a 10 through to 30-year plan.
The application include:
- Basic information
- Your lifestyle
- Your health
- Payment information
3. Haven life:
Another best online life insurance of 2021 is haven life. Haven life focuses on delivering quality term life insurance at affordable rates.
Additionally, they are one of the first companies to offer online term insurance. It is available worldwide.
They provide minimum coverage of $250,000 and maximum coverage of $3,000,000. The terms offered are from 10 to 30 years.
4. Leap life:
Leap life provides you with the opportunity to compare life quotes and match them to your needs. The process involved are:
- Fill out the form that contains spaces for age, weight, height, financial history, and health.
- Get matched with your personalized life insurance quotes.
Get your application finalized.
Quotacy makes things easy for you by pairing you with a life insurance agent.
If you are ready to buy, all you need do is to :
- Start with free quotes
- Compare and chose
- Apply online.
Type of life insurance offered are:
- Term life insurance
- Whole life insurance
- Disability insurance.