Overview Best Life Insurance Companies
Getting life insurance 10 Best Life Insurance Companies can be just another thing on the list of chores to complete, but it’s also an important part of protecting your family. Fabric by Gerber Life has been designed for busy parents who want a quick and easy digital solution.
You can complete your whole application online (for most people in a matter of minutes), and you should be able to tick this off your list in no time. Plus, get your money back within 30 days if you’re not satisfied, and cancel at any time.
Although Fabric by Gerber Life only offers term life insurance, its fully digital offering is easy to use and can give you peace of mind knowing your family will be protected if the worst happens.
Suitable For Best Life Insurance Companies?
Fabric by Gerber Life is ideal for families with children. Not only can its life insurance give you more peace of mind by making sure your family is provided for if you pass away, but you can also use the app to set up a will, a college savings fund, or an emergency savings fund. You can even view your partner’s finances on the app.
Features/Highlights
There are lots of features of Fabric by Gerber Life that I find really useful, especially for busy families who want to get insurance sorted quickly:
- You can get up to $1.5 million instantly approved with Fabric by Gerber Life’s automatic underwriting
- 10 Best Life Insurance Companies
- Many applicants won’t need a medical exam and you won’t be forced to take one if not needed
- You can get cover for 10-30 years Its fully digital application process enables you to track on the go using the app
- Premiums start from just over $10 per month
- There is a 30-day money-back guarantee if you change your mind within the grace period
- You can cancel at any time
- You can create a free will, and set up savings funds for your family through the app
Policy Types and Terms Available 10 Best Life Insurance Companies
The life insurance offered by Fabric by Gerber Life is term life insurance. Term life insurance means that you’re covered for the length of the term, which in this case can be 10-30 years. Therefore, if you pass away within that time period, the insurance will pay out. You can get up to $5 million of cover, although only $1.5 million can be automatically approved.
You can get a free quote on the Fabric by Gerber Life website. It’s a really quick and easy process that you can complete in just a minute or two. Once you’ve got your quote, you can use the sliders to adjust your level of coverage and policy length to find out the premium cost.
If you decide to go ahead and apply, you will need to:
- Fill out the full application online
- Give details of your lifestyle including age, habits, health, gender, and weight
- Define your beneficiaries (who will be paid if you pass away)
In most cases, you can complete the application online in about 10 minutes, without needing to consult an agent. In some cases, you may need to speak to an underwriter and potentially take a medical exam. However, something I like about Fabric by Gerber Life is that you won’t be forced to undergo a medical exam if it’s not needed.
The digital process makes it really quick and easy to get life insurance, so this service is perfect for busy families. Once your application is approved, you can purchase and confirm your coverage. Be aware that cover is not available in North Dakota, South Dakota, California, New York, Florida, or South Carolina.
How Safe Is It? 10 Best Life Insurance Companies
Fabric by Gerber Life is a trusted insurance provider that’s been supporting families for over 50 years. 10 Best Life Insurance Companies Its policies are issued by the Western-Southern Life Assurance Company, running since 1888. So, you can rest easy knowing there are long-standing brands behind your life insurance.
Fabric by Gerber Life is currently rated as “excellent” by over 1,950 Trustpilot reviews, and has A+ accreditation by the Better Business Bureau (BBB)—pretty impressive ratings! However, if you’re not happy with your policy, you can get your money back within the first 30 days. You can also cancel it at any time so you’re not tied into lengthy contracts Best Life Insurance Companies.
Help & Support
There’s a useful FAQ section on the Fabric by Gerber Life website, but if you need more information you can use the live chat or telephone support between 9am and 6pm EST. You can also email or submit queries via live chat outside these times Best Life Insurance Companies. 10 Best Life Insurance Companies
If you pass away during your term, someone close to you will need to make a claim. They can do this by contacting the Fabric by Gerber Life team via live chat, phone, or email.
The claimant will need to have some details to hand including your name, date of birth, email address, and policy number. Initially, they’ll be asked to complete a short questionnaire, and then a longer application. This needs to be done within 20 days of your death.
Bottom Line 10 Best Life Insurance Companies
Fabric by Gerber Life is tailored for parents. The range of features helps you get insured quickly and easily, making life insurance one less thing to worry about. In most cases, the fully digital process takes just minutes to complete, and you won’t be forced to take a medical exam if you don’t need one.
Physical Address
400 Broadway
Cincinnati, OH 45202
Disclaimer
Term Life Insurance Policy Series ICC22 2205-4004 WSA and Accelerated Death Benefit Rider policy series ICC22 2205-2623 WSA (and state variations where applicable) issued by Western-Southern Life Assurance Company, Cincinnati, OH which operates in DC and all states except NY, and distributed by Gerber Life Agency, LLC using Fabric Technologies. Gerber Life Agency, LLC is an affiliate of Gerber Life Insurance Company (est. 1967). All are members of Western & Southern Financial Group (Western & Southern). Issuance of coverage for Term Life Insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions, and exclusions. Product provisions, availability, definitions, and benefits may vary by state. Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by, the issuing company. Guarantees are based on the claims-paying ability of the issuer. Products are backed by the full financial strength of the issuing Best Life Insurance Companies.
All sample pricing is based on a 30-year-old female in excellent health for the coverage amount shown and a 10-year term policy, unless otherwise stated. Gerber Life Agency, LLC (GLA) is an insurance agency licensed to sell life insurance products. GLA will receive compensation from Western-Southern Life Assurance Company for such sales. The NAIC Company Code for Western-Southern Life Assurance Company is 92622.
Generous benefits and happy customers make Nationwide our top pick 10 Best Life Insurance Companies
Life insurance is a great way to protect your family or leave a legacy. Best Life Insurance Companies It can cover funeral expenses, medical bills, or long-term costs like mortgage payments while your estate is sorted out. But the path to getting life insurance can vary. We explored options for young and healthy individuals looking for quick coverage online, and for those over 50 or in poor health who need to work with an agent to get the coverage they need.
Best Life Insurance Companies of January 2023
Haven Life Review
Pros
- Fast and simple online process
- Coverage up to $3 million
- Cheapest online option for people under 40
Cons
- No coverage for people over 65 years old
- No whole-life coverage
Best For? 10 Best Life Insurance Companies
Digitally savvy customers who are buying term life insurance for the first time. This process is significantly faster and more convenient than the competition, which frequently requires applicants to speak with an agent, fill out paperwork and then wait several weeks for underwriting approval. Haven Life’s application process is optimized to be completed online from any device. Additionally, some qualified applicants may not need to take a medical exam. Keep in mind that it’s always very important to be honest in the application process. The issuance of the policy or payment of benefits may depend upon the answers given in the application and their truthfulness. While Haven Life is a newer addition to the life insurance industry, if you also want the stability of a traditional insurer you’ll appreciate that Haven Life is backed and wholly owned by MassMutual, a veteran in the life insurance industry.
Features
Haven Life offers term life insurance for spans of 10, 15, 20, and 30 years to customers who are up to age 65. The maximum available coverage is an impressive $3 million, which is highly competitive for the market. Haven Life focuses exclusively on providing term life insurance, so the service isn’t ideal if you are looking for permanent life insurance options. By narrowing its focus to term life policies, the company keeps its prices very affordable and customers free from the complexity of the cash value, dividend and other financial components that complicate traditional whole-life policies.
Application Process 10 Best Life Insurance Companies
The ease of submitting an application online and getting a personalized rate for coverage is one of Haven Life’s best features. Haven Life offers a transparent approach to pricing by providing a free quote tool that shows a range of prices based on health designation. The quick rate-checking tool on the site lets you view a quick estimate by providing a few personal details such as age, health status, and income. Once completed, you can move to the application process immediately. The application process can be completed on your computer, phone or tablet – whichever device you prefer. It’s a straightforward, convenient life insurance application – with questions about your lifestyle, health history and family history – once submitted, you receive an immediate decision on coverage eligibility and whether a medical exam is needed. If you do need to take a medical exam, you must do so within 90 days, but, in many cases, you’ll still receive instant temporary coverage until your approval and rate is finalized.
Policy Types and Terms
While Haven Life’s process for buying term life insurance is quick and straightforward, it comes at the expense of the availability of permanent insurance. This could be a drawback for some potential customers who are seeking that type of coverage, but Haven Life finds that for many people, term life insurance is a good option. The Haven Term policy has some limitations that applicants should be aware of:
- The Haven Term policy is limited to individuals up to 64 years old
- You must be a U.S. citizen and resident
- People over the age of 50 can apply for term lengths of 20 years or less
- Individuals over the age of 59 can purchase up to $1 million in coverage
- Haven Life currently does not allow customers to carry multiple policies at the same time.
- You can’t be planning to use the policy to replace another
Ladder Review 10 Best Life Insurance Companies
Ladder summary
Pros
- Online application takes minutes
- Instant decisions
- 100% digital process from start to finish for coverage up to $3M
- Ability to decrease or apply to increase coverage as needs change
Cons
- No permanent coverage, only term life
Suitable For? 10 Best Life Insurance Companies
Ladder is designed for people who want coverage that can be increased or decreased in the future in accordance with their changing needs, or who prefer not to be locked into rigid terms. It’s best suited to people who feel comfortable applying for life insurance and other financial products and services online.
Features
Ladder’s term life insurance product is built to give policyholders the flexibility to ladder their coverage in accordance with their needs. For example, if you pay off your mortgage or reach the age where all your children have graduated from college, you can evaluate your needs and reduce the amount of coverage. In doing so, you can potentially save thousands of dollars on premiums. On the flipside, if you decide to purchase a new home or have another child, you might want to apply to increase your coverage to take into account your higher level of liability.
Highlights include: 10 Best Life Insurance Companies
- Streamlined, digital application process
- Direct-to-consumer, term life insurance, without any policy fees or commissioned sales agents
- Ability to adjust your level of coverage and monthly payments whenever you want
- Grace period of 61 days in the event that policyholder misses a payment
- Life insurance calculator offered on the site
- Extensive support pages with information about term life insurance
- 30-day “free look” period – if you aren’t happy, Ladder will refund your premium within the first 30 days
Application Process
Anyone aged 20 to 60 who is a U.S. citizen or has been a permanent resident of the U.S. for more than 2 years may apply for coverage. Ladder offers coverage nationwide. It can take just a few minutes to get a quote and complete a digital application process. It’s free to apply and get a quote, and there are no obligations.
Here’s how it works:
- To get started, simply fill out your desired level of coverage and term length.
- Answer a few questions about your activities, health, and your financial situation.
- Review your answers, and hit “Submit” when prompted to complete your application.
It’s really that easy. Each qualified applicant is individually underwritten, and you may get an offer for a term life policy that you can accept right away. Health checks are not required for coverage up to $3M. For coverage above $3M, that decision is made on a case-by-case basis. If you are asked to take a medical exam—these are always free and can take place at the applicant’s home or office, whichever is more convenient. Exams excluded, it takes just a few minutes to complete the application. With Ladder, many applicants are able to accept their offer and have coverage begin immediately (subject to payment of first premium)
Policy Types and Terms
Ladder 10 Best Life Insurance Companies offers one highly customizable product: term life insurance. Benefits are paid in one lump sum to beneficiaries if the policy holder dies during the term, subject to some conditions, such as suicide.
Coverage amounts range from $100,000 to $8 million
- Term lengths are for 10, 15, 20, 25, or 30 years
- Policy holders can decrease or apply to increase their coverage and payments at any time, all online
- Everyday Life Review
Everyday Life Insurance summary Best Life Insurance Companies
Pros 10 Best Life Insurance Companies
- Life insurance tailored to your finances
- No medical exam needed
- Coverage up to $10 million
Cons
- Automated plan scaling isn’t right for everyone
- Limited customer support hours
Who Can Benefit From Everyday Life Best Life Insurance Companies? 10 Best Life Insurance Companies
Everyday Life offers scalable life insurance policies that ramp up and down over time in response to your financial obligations. This approach is ideal for parents and professionals who want to match their life insurance to their needs. With term policies up to 40 years available, Everyday Life is also a good option for younger individuals looking for an affordable policy. That said, anyone up to 70 years old can purchase a policy from Everyday Life.
Features
Everyday Life offers a new take on life insurance that uses industry-leading Predictive Protection™ technology to determine how much coverage you’ll need over time and then provides you with just the right policy. Everyday Life’s plans are designed so that the level of coverage you have is perfectly tailored to your financial obligations at every stage of your life. If you get married, have a child, or purchase a home, your life insurance coverage will go up. Over time, as your children grow up and you pay off your mortgage, your policy will scale down. Policies are available for up to 40 years, and you can update the schedule for changes to your policies as life events happen.
- Scalable policies that automatically adapt to your financial situation
- Offers policies from 5 established life insurance providers
- Everyday Life hand-picks the best providers in the industry to partner with in order to match customers with their perfect policy
- Terms available up to 40 years
- Coverage up to $10 million
- 10 Best Life Insurance Companies
Application Process
Everyday Life Insurance offers a fully online application process, although you can also call to get one-on-one help from an agent. On their website, The Ultimate Life Insurance Calculator will ask about you, your family members, and your income and financial obligations.
Based on that information, the tool will calculate a customized insurance plan for you that scales down over time. You can see what company the insurance policy is offered by, how much coverage you’ll have in each year of your plan, and what your premiums will be. If you want to change your coverage or scaling schedule, you can do so manually. Everyday Life lets you choose how long your coverage should last, how frequently it should step down, and how much coverage you want at each step. Your quote is updated to reflect the premiums 10 Best Life Insurance Companies at each step so you can see how much your plan will cost.
If you want to purchase the coverage shown, you’ll need to complete an application with Everyday Life. Most plans do not require a medical exam as part of your application
Policy Types and Terms Best Life Insurance Companies
Everyday Life offers term policies from 5 established life insurance companies, including well-known insurers like Legal & General and Fidelity Life. You can choose from 10, 15, 20, 25, 30, 35, or 40-year policy terms. Your coverage and premiums will automatically scale over time according to the schedule you choose, although you do have the option to make changes to your plan as changes happen in your life. Plans are renewable and can be converted to whole life insurance plans during your first policy term.
- Must be under 70 years old
- No medical exam required
- 10, 15, 20, 25, 30, 35, or 40-year policy terms
- Can be converted to whole life insurance
- 10 Best Life Insurance Companies
How Safe Is It? 10 Best Life Insurance Companies
Everyday Life uses SSL encryption to secure your online application. All of the life insurance plans that Everyday Life offers are underwritten by established insurers with an “Excellent” rating or better from A.M. Best.
Help & Support
Everyday Life offers customer support by phone and email from 8AM-5PM (ET) Monday-Friday. The company offers detailed explainers to help you learn about life insurance. However, there’s only a small FAQs page explaining how Everyday Life’s policies work.
Phone: (888) 681-3811
Email: info@everydaylifeinsurance.com
Bottom Line
Everyday Life offers a new approach to life insurance. The company lets you set up a scalable plan so that your insurance coverage matches your financial obligations. As a result, you’re only ever paying for the level of coverage that you need. Everyday Life’s scalable plans can be customized to suit your life path and changed over time as your path curves.
Everyday Life partners with some of the best and most established insurance providers to underwrite your policy, so you can be confident your plan will pay out when the time comes. There’s no medical exam required to apply and you can select a policy term up to 40 years. You also have the option to convert your plan to whole life insurance during your first term.
Fabric by Gerber Life Review
Fabric by Gerber Life summary Best Life Insurance Companies
Pros 10 Best Life Insurance Companies
- Quick application process
- A fully digital service
- Cancel at any time
Cons
- Only term life insurance is available
- Coverage is not available in all states
Overview Best Life Insurance Companies
Getting life insurance can be just another thing on the list of chores to complete, but it’s also an important part of protecting your family. Fabric by Gerber Life has been designed for busy parents who want a quick and easy digital solution.
You can complete your whole application online (for most people in a matter of minutes), and you should be able to tick this off your list in no time. Plus, get your money back within 30 days if you’re not satisfied, and cancel at any time.
Although Fabric by Gerber Life only offers term life insurance, its fully digital offering is easy to use and can give you peace of mind knowing your family will be protected if the worst happens.
Suitable For Best Life Insurance Companies?
Fabric by Gerber Life is ideal for families with children. Not only can its life insurance give you more peace of mind by making sure your family is provided for if you pass away, but you can also use the app to set up a will, a college savings fund, or an emergency savings fund. You can even view your partner’s finances on the app.
Features/Highlights
There are lots of features of Fabric by Gerber Life that I find really useful, especially for busy families who want to get insurance sorted quickly:
- You can get up to $1.5 million instantly approved with Fabric by Gerber Life’s automatic underwriting
- Many applicants won’t need a medical exam and you won’t be forced to take one if not needed
- You can get cover for 10-30 years Its fully digital application process enables you to track on the go using the app
- Premiums start from just over $10 per month
- There is a 30-day money-back guarantee if you change your mind within the grace period
- You can cancel at any time
- You can create a free will, and set up savings funds for your family through the app
Policy Types and Terms Available
The life insurance offered by Fabric by Gerber Life is term life insurance. Term life insurance means that you’re covered for the length of the term, which in this case can be 10-30 years. Therefore, if you pass away within that time period, the insurance will pay out. You can get up to $5 million of cover, although only $1.5 million can be automatically approved.
Application Process
You can get a free quote on the Fabric by Gerber Life website. It’s a really quick and easy process that you can complete in just a minute or two. Once you’ve got your quote, you can use the sliders to adjust your level of coverage and policy length to find out the premium cost.
If you decide to go ahead and apply, you will need to:
- Fill out the full application online
- Give details of your lifestyle including age, habits, health, gender, and weight
- Define your beneficiaries (who will be paid if you pass away)
In most cases, you can complete the application online in about 10 minutes, without needing to consult an agent. In some cases, you may need to speak to an underwriter and potentially take a medical exam. However, something I like about Fabric by Gerber Life is that you won’t be forced to undergo a medical exam if it’s not needed.
The digital process makes it really quick and easy to get life insurance, so this service is perfect for busy families. Once your application is approved, you can purchase and confirm your coverage. Be aware that cover is not available in North Dakota, South Dakota, California, New York, Florida, or South Carolina.
How Safe Is It? 10 Best Life Insurance Companies
Fabric by Gerber Life is a trusted insurance provider that’s been supporting families for over 50 years. Its policies are issued by the Western-Southern Life Assurance Company, running since 1888. So, you can rest easy knowing there are long-standing brands behind your life insurance.
Fabric by Gerber Life is currently rated as “excellent” by over 1,950 Trustpilot reviews, and has A+ accreditation by the Better Business Bureau (BBB)—pretty impressive ratings! However, if you’re not happy with your policy, you can get your money back within the first 30 days. You can also cancel it at any time so you’re not tied into lengthy contracts Best Life Insurance Companies.
Help & Support 10 Best Life Insurance Companies
There’s a useful FAQ section 10 Best Life Insurance Companies on the Fabric by Gerber Life website, but if you need more information you can use the live chat or telephone support between 9am and 6pm EST. You can also email or submit queries via live chat outside these times Best Life Insurance Companies.
If you pass away during your term, someone close to you will need to make a claim. They can do this by contacting the Fabric by Gerber Life team via live chat, phone, or email.
The claimant will need to have some details to hand including your name, date of birth, email address, and policy number. Initially, they’ll be asked to complete a short questionnaire, and then a longer application. This needs to be done within 20 days of your death.
Bottom Line
Fabric by Gerber Life is tailored for parents. The range of features helps you get insured quickly and easily, making life insurance one less thing to worry about. In most cases, the fully digital process takes just minutes to complete, and you won’t be forced to take a medical exam if you don’t need one.
Physical Address
400 Broadway
Cincinnati, OH 45202
Disclaimer
Term Life Insurance Policy Series ICC22 2205-4004 WSA and Accelerated Death Benefit Rider policy series ICC22 2205-2623 WSA (and state variations where applicable) issued by Western-Southern Life Assurance Company, Cincinnati, OH which operates in DC and all states except NY, and distributed by Gerber Life Agency, LLC using Fabric Technologies. Gerber Life Agency, LLC is an affiliate of Gerber Life Insurance Company (est. 1967). All are members of Western & Southern Financial Group (Western & Southern). Issuance of coverage for Term Life Insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions, and exclusions. Product provisions, availability, definitions, and benefits may vary by state. Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by, the issuing company. Guarantees are based on the claims-paying ability of the issuer. Products are backed by the full financial strength of the issuing Best Life Insurance Companies.
All sample pricing is based on a 30-year-old female in excellent health for the coverage amount shown and a 10-year term policy, unless otherwise stated. Gerber Life Agency, LLC (GLA) is an insurance agency licensed to sell life insurance products. GLA will receive compensation from Western-Southern Life Assurance Company for such sales. The NAIC Company Code for Western-Southern Life Assurance Company is 92622.
Other Best Life Insurance Companies of Life Insurance Below
- Runner-Up, Best Overall: MassMutual
- Best User Experience:
- Best Term Life Insurance: Protective
- Tied for Cheapest Term: Banner
- Best Life Insurance Living Benefits: Mutual of Omaha
- Most Universal Life Options: Lincoln Financial
- Best for Policy Customization: Transamerica
- Best Whole Life Insurance: New York Life
- Best Educational Resources: Prudential
- Best for Military: USAA
- Best for Financial Stability: Northwestern Mutual
- Best Dividend-Paying Whole Life Insurance: Penn Mutual
- Best for Customer Satisfaction: State Farm Life Insurance
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