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QuickQuote life insurance review 2020
Last updated:
This online broker takes the legwork out of shopping for simple life insurance policies.
finder.com's rating: 3.5 / 5
★★★★★
- Get a quote if… You’re in the market for a simple term or no-medical exam policy.
- Pick something else if… You’re hoping for face-to-face service, or need a permanent policy.
18 to 80
Issue Age
$25,000 to $25,000,000
Coverage
Depends on policy and provider
Medical Exam Required
Details
| Free quote | Online |
|---|---|
| Monthly cost | Not listed |
| Policies | Term |
| Coverage maximum | $25,000,000 |
| Term lengths | 10, 15, 20, 25, 30, 35, or 40 years |
| Riders | No info available |
| Medical exam required | Depends on policy and provider |
| Available states | Not available in South Dakota |
| Issue age | Not listed |
Expert review
Review by
Amy Stoltenberg
amy.stoltenberg@findercrew.comAmy Stoltenberg writes about lifestyle and money for Finder, researching the best options for shopping, banking, insurance and authentic travel experiences. After studying writing and fashion at Savannah College of Art and Design, she worked designing apparel at a corporate behemoth before opting for a career with unlimited travel time. When her laptop’s closed, she can be found wandering the streets looking for happy hour and hole-in-the-wall eateries.
Expert review
QuickQuote’s services are fast, and convenient by allowing you to compare quotes without sacrificing your email. But if you want to work one-on-one with an agent or purchase a permanent policy, compare life insurance companies on your own.
What types of life insurance does QuickQuote offer?
QuickQuote is an online broker that compares policy features and quotes from top-rated carriers. You can purchase these policies through the service:
- Term life insurance. Get between $25,000 to $25 million in coverage. You may have to take a medical exam to qualify — though it’s free and can be done in your home. The underwriting process takes between four to six weeks.
- No-exam term life insurance. Coverage amounts are available between $25,000 and $1 million. You won’t have to take a medical exam, but you might need to answer some questions over the phone. Underwriting is accelerated, so depending on the provider your new policy could kick in after just a couple of days.
- Accidental death insurance. This policy pays out a lump sum if you die in an accident. Approval is guaranteed, with no health questions or medical exams required for coverage between $50,000 and $500,000.
Which insurers does QuickQuote work with?
The broker partners with these insurers — all of which have a rating of A or higher with AM Best:
- American General Life Insurance Company
- Banner Life Insurance Company
- Fidelity Life Association
- Haven Life/MassMutual
- Genworth Life Insurance Company
- John Hancock Life Insurance Company
- Lincoln National Life Insurance Company
- MetLife Insurance Company
- Mutual of Omaha Life Insurance Company
- Principal Life Insurance Company
- Protective Life Insurance Company
- Prudential (Pruco) Life Insurance Company
- ReliaStar (VOYA) Life Insurance Company
- Sagicor Life Insurance Company
- Savings Bank (SBLI) Life Insurance Company
- Transamerica Life Insurance Company
What riders can I add to my life insurance policy?
The options vary between insurers, so check with your QuickQuote representative to see which ones apply to the carrier you’re considering. The most common riders include:
- Accidental death. Pays an additional benefit if you die in an accident.
- Waiver of premium. Pauses your premiums if you become disabled and can’t work for a specified period of time.
- Accelerated death benefit. Pays out a portion of the death benefit if you’re diagnosed with a terminal illness.
- Guaranteed insurability. Lets you top up your coverage or renew your policy without taking a medical exam.
- Child term. Allows you to insure a child or multiple children under your policy.
How much does QuickQuote cost?
QuickQuote matches clients with policies from 20 A-rated companies, so the cost of each plan varies between insurers. Your monthly premiums also depend on the amount and length of coverage, your health and lifestyle, gender and other personal factors.
Per QuickQuote’s suggested policies, a 34-year-old nonsmoking woman living in New York with average health could expect to pay between $23.38 and $44.19 per month for $500,000 of coverage in a 10-year plan. The same policy for a man with a similar lifestyle would cost between $27.21 and $59.07 per month.
Pros and cons of QuickQuote life insurance
Pros
- Free service. QuickQuote will match you with policies at no charge and there’s no obligation to buy a plan if you’re not ready to commit.
- Anonymous quotes. Shop around without sacrificing your email or phone number until you’re ready to apply — all it takes to compare plans is some basic info about your gender, health and location.
- Streamlined process. It presents you with the best deals from fully vetted providers. You can also filter options to list from cheapest to most expensive.
- Quick application. A typical application takes six minutes to complete and can be done from your phone.
- Partners with highly rated carriers. All of the insurers QuickQuote works with have proven financial strength.
Cons
- Agents not available nationwide. QuickQuote doesn’t have local agents in South Dakota.
- Limited policy offerings. Most providers also offer whole or permanent life insurance in addition to term. QuickQuote only compares term policies.
- Can’t bundle other coverage. While some providers offer special discounts for grouping health, auto, and other types of coverage, QuickQuote only shops life insurance so you’ll be back to square one for the rest.
Compare other life insurance companies
QuickQuote life insurance reviews and complaints
QuickQuote has been accredited with Better Business Bureau since 2003 and has an A+ rating with the agency. The BBB hasn’t recorded any customer complaints or reviews to date.
How do I get a quote?
You can quickly compare carriers online. Follow these steps:
- Go to the QuickQuote website and hit Get my free quotes.
- Choose whether you want to see quotes for term life insurance, no-exam term life insurance or accidental death life insurance. Click Get quotes.
- QuickQuote will ask you for the following information:
- State of residency
- Birth date
- Gender
- Whether or not you use tobacco
- Your general health status
- Which benefit amount you’d like
- How long you want to coverage to last
Fill out the form accordingly and click View Quotes to see your options.
Life insurance ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry.