How are we different from other insurance sites?
First, a lot of insurance sites are lead generators—meaning they’ll capture your information (like a request for a quote) and sell that to multiple insurance brokers/agents who’ll try to sell you. We don’t do that. If you want insurance, we work with you personally. Second, most insurance sites don’t provide a great user experience. They don’t make it easy to comparison shop and understand what you’re buying. The sites are poorly designed and filled with poorly written content. If they don’t confuse you to death, they bore you to death. That’s not how we do things. Everything we do is designed to deliver a great experience. We’ve devoted a lot of energy to designing an easy-to-navigate site, creating helpful tools and writing engaging content. After you give our site a spin, we think you’ll agree.
Are we affiliated with any insurance carriers?
No—we’re an independent brokerage firm. That means we can offer insurance products from several different companies.
Can we get a cheaper price for Insurance
No—but neither can anyone else. Insurance rate tables and premiums are filed with and regulated by your state’s department of insurance. That means you pay the same price for a given insurance company’s product, wherever you buy it from. For example, a term life insurance policy from Company X will cost the same for you if you buy it from us or another broker. The exception to this is pet insurance, where we’ve negotiated exclusive discounts with the pet insurance companies on our platform. However, where we can get you a better price is by offering products from multiple insurance companies. One company might have more competitive pricing for your particular case; that’s the advantage of working through an independent broker.
How do we choose which insurance companies to work with?
First, we only consider insurance companies that are reputable and have sound financial ratings. After that, we select based on the ease of doing business with them. That means, we work with companies that:
- Will work through an independent broker
- Are comfortable with our online-based model of engaging with customers
- Make it easy for us to provide a great shopping experience to our customers (e.g., by providing access to real-time quoting, accepting electronic applications, etc.)
How much will it cost for a policy?
There is no cost to the applicant to apply for a policy. An application is required to get a firm rate quote. The insurance company pays for the physical exam if one is required. There is no obligation to take out a policy. Once approved for coverage, the term and coverage amount can be changed to fit one’s budget if the rate comes back higher than expected due to any health related issues.
How long does it take to get approved?
Typically a No Medical Exam policy can be applied for, approved, and put in force within approximately two business days. No Medical Exam policies are available to clients up to age 60 or so, depending on the insurance company. The coverage amount one can apply for is limited, due to the greater risk taken by the insurance company because of the absence of a physical exam, resulting in less health information being known about the applicant by the insurance company. For healthy applicants, these policies can cost up to twice the rate of a medically underwritten policy. However, there are people that don’t like needles, and the No Medical Exam option is a great one for that reason!
A Medically underwritten or traditional type of term policy will typically take about 3 weeks from start to finish. This process can take longer if one has health issues and the underwriter orders the applicant’s medical records from their doctor. If this occurs, we inform our clients that they can call and ask their doctor to expedite the submission of the medical records to the underwriter in an effort to speed up the application process.
What kind of payment options are available?
Most carriers have the same rules in regard to the payment of premiums on life insurance policies. The only way to make monthly payments these days is to authorize a monthly automatic draft from one’s checking or savings account. For those that do not like automatic payments, there are some other options. One can receive a bill by mail if they elect to pay either quarterly, semi-annually, or annually. The majority of applicants choose the automatic payments for their life insurance for the same reason they do for others bills such as car insurance. The main reason is that they don’t want their policy to cancel for non-payment.