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SelectQuote Life Insurance Review

Take a look at our in depth review and find a customized quote.

October 2, 2021    |    2 Minute Read

By Robert Bhatt

Summary

Established in 1984, SelectQuote is one of the nation’s largest direct-to-consumer life insurance sales agencies. It also helps people find home and auto insurance, as well as Medicare Advantage and Medigap plans. Life insurance customers can shop for a full array of term and permanent life insurance products from more than a dozen industry leading carriers. The SelectQuote staff includes more than 250 licensed insurance agents in self-owned call centers in Kansas, Florida and California.

Pros

Policies available from 13 carriers, all rated A or better by AM Best

Potential coverage for cancer survivors, diabetics and those on cholesterol or blood pressure medications

Term life policies are renewable and convertible to permanent life

Live assistance from insurance professionals licensed in your state

Cons

Four- to seven-week review process for most term- and permanent-life applications

Not available in South Dakota

Suitable For:

  • Shoppers seeking to compare rates from multiple carriers
  • Those with certain pre-existing conditions, including cancer survivors
  • Those comfortable with medical exams and lengthier application reviews

Features

SelectQuote’s platform allows you to compare rates and coverages available from more than a dozen industry leading carriers, within minutes.

  • Shop from a wide selection of term and permanent life insurance offerings
  • Product selection includes final expense insurance
  • Insurance pros licensed in your state are available by phone

Application Process

The three-step application process begins with a brief online questionnaire. This gets you side-by-side comparisons showing coverage and rates available from different carriers. You can then complete an application with the carrier you choose. A medical exam is usually required for term and permanent insurance applications, but not final expense policies.

Policy Types and Terms

SelectQuote allows you to quickly compare rates on term, whole and universal life insurance from more than a dozen carriers. The list reads like a who’s who of the life insurance industry, with familiar names such as AIG, Globe Life, Prudential and William Penn among the group. Term life policies purchased through SelectQuote usually come with guaranteed renewability and are typically also convertible to permanent life.

Privacy and Security

Access to your personal information is restricted to SelectQuote and, if you proceed with an application, the carrier you choose. SelectQuote does not sell your information to other parties. SelectQuote has a 4.0 (great) score on Trustpilot, and an A+ rating from the Better Business Bureau. Financial strength ratings vary by carrier, but all have an A or better rating from AM Best.

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