Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure

Sproutt life insurance review 2021

This online broker pairs you with the best policy for your needs and budget, but options are limited.

finder.com's rating: 3.5 / 5

★★★★★

  • Get a quote if… You want to compare policy features, rates and riders from a range of insurers.
  • Choose a different provider if… You’d like to apply for a permanent policy online.

18 to 60

Issue Age

$50,000 to $4,000,000

Coverage

No

Medical Exam Required

Details

Policies Term, whole, universal, variable, guaranteed issue, simplified issue, final expense, graded death benefit.
Coverage maximum $4,000,000
Term lengths 5, 10, 15, 20, 25 and 30 years
Medical exam required No
Available states All 50 states
Issue age 18 - 60 years old

Pros

  • Independent broker
  • Easy online application
  • Sophisticated software
  • Reputable life insurance companies

Cons

  • Site only supports term life quotes
  • No anonymous quotes
Riders No info available
Avatar

Review by


Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).

Expert review

Sproutt is among the new wave of fintech startups that aim to simplify the process of buying life insurance. It sources quotes from a range of top-rated insurers, and caters to healthy people as well as high-risk applicants and those who might struggle to find affordable coverage. But right now, the site is skewed towards term life.

To explore your options fully, compare life insurance companies on your own.

Sproutt life insurance rates

We received 2021 sample quotes from Sproutt life insurance to show you the estimated monthly costs for a $500,000, 20-year term life policy for a healthy man and woman. According to Finder’s analysis, Sproutt’s rates are below average for this coverage amount and coverage term.

AgeManWoman
20$20.73$18.57
25$20.73$18.57
30$20.73$19.00
35$23.32$20.73
40$31.53$29.37
45$50.11$41.04
50$77.76$60.91
55$122.25$95.90
60$212.54$161.56

How to get a quote from Sproutt life insurance

If you’re looking for a term life insurance policy, you can apply online. The application takes around ten minutes to complete, and consists of 20 simple questions.

You’ll be asked for the following information:

  1. Personal and contact details
  2. Annual income
  3. Number of dependents
  4. Lifestyle — including whether you have any hazardous hobbies
  5. Basic health history
  6. Recent traffic violations
  7. Felony convictions

The system then recommends the best type of policy for you, and generates quotes from a bunch of life insurance companies. You can adjust your coverage and cost as needed. Once you’re happy, you can proceed to the next step of the application.

If you’re in the market for a permanent or simplified issue policy, you’ll need to chat to a rep. Licensed insurance advisors are available on 888-786-3917 from Monday to Friday, 9 a.m. to 7 p.m. ET.

What types of life insurance coverage does Sproutt offer?

Sproutt doesn’t actually sell life insurance. It’s an independent broker that connects you with a provider and policy that matches up with your needs and budget. It works with over 40 top-rated life insurance companies, including major carriers like AIG, Principal, SBLI and Sagicor Life.

Depending on the insurer you’re matched with, you could get a quote for the following types of coverage:

  • Term life
  • Whole life
  • No medical exam life insurance — including guaranteed issue, simplified issue, final expense and graded death benefit policies
  • Universal life
  • Variable life

What’s a graded death benefit policy?

A graded death benefit policy is similar to guaranteed issue life insurance — though it’s less expensive and offers more coverage.

To apply for a graded death benefit policy, you’ll only need to answer a few simple questions about your health. If you’re approved, the insurer will structure the death benefit based on when you die in relation to when you took out the policy.

In many cases, the payout is graded like this:

  • If you die within the first year of taking out the policy, your beneficiaries will receive 25% of the death benefit.
  • If you die in the second year, your beneficiaries will receive 50% of the death benefit.
  • If you die in the third year or beyond, your beneficiaries will receive 100% of the death benefit.

What riders can I add to my Sproutt life insurance policy?

This comes down to the life insurance company you choose. Sproutt’s system allows you to add riders to your policy during the application.

These are some common riders that might be available to you:

  • Waiver-of-premium rider
  • Accelerated death benefit rider
  • Accidental death benefit rider
  • Critical illness benefit rider
  • Disability income benefit rider
  • Child rider
  • Term insurance rider

Sproutt life insurance reviews and complaints

Sproutt has been accredited with the Better Business Bureau (BBB) since 2019, and has an A rating for its customer service and interaction. The BBB hasn’t recorded any reviews or complaints, as of April 2021.

On Trustpilot, the company earns 4.7 out of 5 stars based on over 340 reviews, with many customers commenting on the seamless buying experience and the team’s response time.

AM Best financial rating A
BBB accredited Yes
BBB rating A
Trustpilot score 4.7/5 out of 315 customer reviews
Customer reviews verified as of 06 August 2021

Find other online life insurance companies like Sproutt

If you’re looking for more options outside of Sproutt’s list of partners, use the filters on this table to compare insurers.

Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
Sproutt
18 - 60 years old
$50,000
$4,000,000
5, 10, 15, 20, 25 and 30 years
No
Compare 40+ insurers and apply online to get the lowest possible price — no medical exam required.
Policygenius - Life Insurance
18 - 85 years old
$50,000
$10,000,000
10, 15, 20, 25, 30 years
Depends on provider and policy
Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.
Bestow
18 - 60 years old
$50,000
$1,500,000
10, 15, 20, 25, 30 years
No
Get a quote in less than 10 minutes with on-the-spot approval and no medical exam.
Everyday Life
20 - 75 years old
$100,000
$10,000,000
10, 15, 20, 25, 30, 35 and 40 years.
No
Ladder multiple life insurance policies to save on the coverage you need for all your debts.
Ladder
20 - 60 years old
$100,000
$8,000,000
10, 15, 20, 25 or 30 years
No, for coverage up to $3M
Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.
JRC Life Insurance
18 - 85 years old
$5,000
$50,000,000
10, 15, 20, 25, 30, 35, 40 years to lifetime/age 121
May be required
Compare policies up to $10 million from 45+ top insurance companies with the click of a button.
loading

Compare up to 4 providers

More about Sproutt life insurance

Founded in 2018, Sproutt is a startup that harnesses technology to make life insurance more accessible. It’s the brainchild of Yoav Shaham, Assaf Henkin and Itai Brickner, who previously launched Kontera — a successful marketing technology company that was eventually acquired by Singel.

The trio brought their expertise and experience to Sproutt, and sourced investment from State of Mind Ventures, Moneta Capital and Guardian Life.

Sproutt has offices in Hartford, Connecticut; New York, New York; and Tel Aviv, Israel.

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.

Learn more about our methodology here.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site