SelectQuote.com Life Insurance

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If you’re looking for life insurance, SelectQuote.com is a well-known name that you might have come across. Many people in the US trust this platform to get life insurance quotes from multiple providers, compare the options, and make an informed purchase decision. This article will provide you with a comprehensive overview of SelectQuote.com and its life insurance services.

Table Contents show

What is SelectQuote.com?

SelectQuote.com is an online platform that specializes in providing life insurance quotes from multiple insurance providers in the US. With a simple online form, you can receive quotes from several companies, compare the policies, and make an informed decision. The company was founded in 1985 and is headquartered in San Francisco, California. It has helped millions of people to find the right life insurance policy that suits their needs.

SelectQuote.com is not an insurance provider itself, but it has partnered with several well-known insurance companies, such as AIG, Mutual of Omaha, Nationwide, and Prudential, to name a few. It means that you can browse through a variety of life insurance policies and choose the one that meets your requirements and budget.

Why Choose SelectQuote.com?

Here are some of the reasons why you should choose SelectQuote.com for your life insurance needs:

Benefits
Details
Instant Quotes
You can get instant life insurance quotes from multiple providers in minutes without the need for a medical exam.
No Pushy Sales Tactics
You won’t have to deal with pushy sales agents who might try to sell you policies that are not suitable for you.
Free Service
You don’t have to pay anything to use the SelectQuote.com platform. The company gets its revenue from the insurance providers that it partners with.
Expert Advice
You can get expert advice from licensed insurance agents who can help you understand the policies and select the right one.

How Does SelectQuote.com Work?

SelectQuote.com works in a simple and straightforward way:

  1. Visit SelectQuote.com and complete the online form. You’ll be asked to provide some basic information, such as your age, gender, and health condition. The platform will use this information to generate quotes from multiple insurance providers.
  2. Review the quotes and compare the policies. You can view the details of each policy, such as the coverage amount, premium, and riders. You can also customize the policy according to your needs.
  3. Consult with a licensed insurance agent. If you have any doubts or questions, you can speak to an agent who will help you understand the policies and provide you with expert advice.
  4. Apply for the policy. Once you have selected the policy that meets your requirements, you can apply for it online. You’ll need to provide some additional information, such as your medical history, smoking status, and driving record. The insurance provider will use this information to underwrite the policy.

Once the insurance provider approves your application, you’ll receive the policy documents in the mail. You’ll also be required to pay the premium, which you can do online or through a check.

SelectQuote.com Life Insurance Policies

SelectQuote.com offers a range of life insurance policies that cater to different needs and preferences. Here are some of the policies that you can choose from:

Term Life Insurance

Term life insurance is the most popular type of life insurance, and SelectQuote.com offers it from several providers. With term life insurance, you get coverage for a specific period, such as 10, 20, or 30 years. The premium is fixed for the entire term, and you can choose the coverage amount according to your needs.

Whole Life Insurance

Whole life insurance is a permanent policy that provides coverage for the rest of your life. It also comes with a savings component, which accumulates cash value over time. The premium is higher than term life insurance, but the policy provides more benefits, such as tax-free withdrawals and loans.

Universal Life Insurance

Universal life insurance is a flexible policy that allows you to adjust the coverage amount and premium according to your changing needs. It also comes with a savings component, which earns interest based on the performance of the underlying investments.

FAQ

Is SelectQuote.com legit?

Yes, SelectQuote.com is a legitimate platform that has been in business for more than 30 years. It is licensed in all 50 states and has helped millions of people to find the right life insurance policy.

How does SelectQuote.com make money?

SelectQuote.com makes money by partnering with insurance providers and receiving a commission on the policies that are sold through its platform. The commission is paid by the insurance provider and does not affect the premium that you pay.

Do I need to take a medical exam to get life insurance quotes from SelectQuote.com?

No, you don’t need to take a medical exam to get life insurance quotes from SelectQuote.com. The platform uses your basic information, such as your age and health condition, to generate quotes. However, if you apply for a policy, the insurance provider might require you to undergo a medical exam.

Can I cancel my policy if I’m not satisfied?

Yes, you can cancel your policy if you’re not satisfied with it. Most insurance providers offer a free-look period, which allows you to review the policy documents and cancel it within a certain period, such as 10 or 30 days. However, you might be charged a fee for canceling the policy.

How long does it take to get coverage from SelectQuote.com?

The time it takes to get coverage from SelectQuote.com depends on the insurance provider and the policy that you select. Some policies can be approved within a few days, while others might take several weeks. However, SelectQuote.com tries to expedite the process and keep you informed throughout.

Is the premium I pay on SelectQuote.com higher than buying directly from an insurance provider?

No, the premium you pay on SelectQuote.com is the same as buying directly from an insurance provider. The commission that SelectQuote.com receives is paid by the insurance provider and does not affect the premium that you pay. Moreover, SelectQuote.com offers discounts and special promotions that might make the policy more affordable.

Conclusion

SelectQuote.com is a reputable platform that provides life insurance quotes from multiple providers in the US. It offers a range of policies that cater to different needs and preferences. It’s a great option for people who are looking for an easy and convenient way to get life insurance quotes and compare policies. With its expert advice and hassle-free application process, SelectQuote.com is definitely worth considering for your life insurance needs.

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