• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

The College Investor

Student Loans, Investing, Building Wealth

  • About
  • Podcast
  • Research
  • Contact
  • Save For College
      • How To Start

      • How To Save For College
      • How To Pay For College
      • What Is the Average Cost of College?
      • What Is A 529 Plan and Where to Open One in Your State
      • How Much Should You Have In A 529 Plan By Age
      • How To Use A 529 Plan For Private Elementary And High School
      • What Are Qualified Expenses For A 529 Plan (And What Doesn’t Count)?
      • The Best Brokers To Open A 529 Plan
      • Tools + Accounts

      • 529 Plans: The Ultimate College Savings Plan
      • 529 Plan Contribution Limits
      • Prepaid Tuition Plans | What To Know
      • Understanding And Using 529A ABLE Accounts
      • Using A Roth IRA To Save And Pay For College
      • FAFSA Deadlines for Financial Aid
      • CollegeBacker Review
      • Upromise Review
      • UNest Review
      • Other Options

      • Student Loan And Financial Aid Programs By State
      • The Guide To Military And VA Education Benefits
      • How To Fill Out The FAFSA
      • How To Find College Scholarships
      • The Best College Scholarship Search Websites
      • How To Find Grants To Pay For College
      • Pell Grants: What They Are And How To Qualify
      • Understanding Federal Work-Study
      • How To Use A 529 Plan If Your Child Doesn’t Go To College
  • Student Loans
      • Borrowing

        • How Student Loans Work
        • How To Apply For A Student Loan
        • Best Student Loans And Rates In January 2023
        • 10 Best Private Student Loans Of January 2023
        • Best Student Loans To Pay For Graduate School
        • Best Student Loans To Pay For Medical School
        • Parent Loans To Pay For College
        • No-Cosigner Student Loan Options
        • Guide To Income Sharing Agreements (ISAs)
        • Best International Student Loans
      • Get Out Of Debt

        • Best Student Loan Refinance Companies In January 2023
        • Best Student Loan Repayment Plans
        • Best Student Loan Refinancing Bonuses And Promotional Offers Of January 2023
        • Student Loan Forgiveness Programs (The Complete List)
        • The Full List Of Student Loan Forgiveness Programs By State
        • Public Service Loan Forgiveness (PSLF)
        • Top Student Loan Scams
        • Average Student Loan Monthly Payment
        • Average Student Loan Debt By Year
      • Reviews

        • Credible Review
        • Splash Review
        • Ascent Review
        • Citizens Bank Review
        • Commonbond Review
        • Earnest Review
        • ELFI Review
        • Laurel Road Review
        • LendKey Review
        • SoFi Review
  • Investing
      • How To Start

        • How To Start Investing in High School
        • How To Start Investing In College
        • How To Start Investing In Your Twenties For 22 – 29 Year Olds
        • How To Start Investing In Your 30s For 30 – 39 Year Olds
        • How To Start Investing With $100 Or Less
        • How To Give Kids The Gift Of Stock
        • What Is Dividend Growth Investing
        • IRA Rollover Chart
      • Tools + Accounts

        • Best Online Stock Brokers
        • The Best Traditional And Roth IRA Accounts
        • The Best Robo-Advisors
        • The Best Investing Apps
        • The Best Places to Trade Options
        • The Best Places To Open A Health Savings Account
        • The Best Solo 401k Providers
        • The Best Self-Directed IRA Providers Of 2023
        • Best Cryptocurrency Exchanges
      • Reviews

        • Vanguard Review
        • Fidelity Review 2023
        • M1 Finance Review
        • TD Ameritrade Review 2023
        • Charles Schwab Review
        • Robinhood Review
        • Webull Review
        • Betterment Review 2023
        • Wealthfront Review
  • Earn More Money
      • Extra Income

        • 20 Best Side Hustles You Can Start Earning With In 2023
        • 53 Side Hustle Ideas To Make Money Fast
        • 100 Ways To Make Money In College
        • 80 Ways To Make Money From Home In 2023
        • 5 Quick Money Making Ideas (That Take Less Than 1 Hour)
        • 10 Interesting Ways You Can Make Money Driving
        • High-Paying Side Gigs That Earn $1,000 or More Per Month
        • The 10 Best Money-Making Apps
        • Paid Surveys: Earn Money For Giving Your Opinion Online
        • 10 Crazy Ways To Make $10,000 You’ve Never Heard Of
      • Build Wealth

        • 40 Passive Income Ideas You Can Use To Build Wealth In 2023
        • 3 Ways To Make $50,000 Per Year Without Working With Passive Income
        • How To Become A Real Estate Investor With Just $500
        • 15 Best Online Business Ideas
        • Residual Income: 7 Super Smart Ways to Build It
        • The Most Common Multiple Income Streams
        • How To Become A Real Estate Mogul With Only $10,000
      • Reviews

        • Fundrise Review
        • RealtyMogul Review
        • FarmTogether Review
        • AcreTrader Review
        • Swagbucks Review
        • Survey Junkie Review
        • TopCashback Review
        • DoorDash Review
  • Personal Finance
      • Banking

        • 10 Best High Yield Savings Accounts Of January 2023
        • 10 Best Money Market Accounts Of January 2023
        • 10 Best Free Checking Accounts In January 2023
        • Best Bank CD Rates Of January 2023
        • 10 Best Business Checking Accounts In January 2023
        • Best Online Banks Of January 2023
        • Best Credit Unions Nationwide Of January 2023
        • Best College Student Checking Accounts Of January 2023
      • Insurance

        • Best Life Insurance Companies
        • Renters Insurance
        • Car Insurance
        • Pet Insurance
        • Umbrella Insurance
        • Disability Insurance
        • Tuition Insurance
        • Travel Insurance
      • Credit Tools

        • Best Budgeting Apps
        • Cash Advance Apps
        • How To Get A Free Credit Score Report
        • Best Credit Monitoring Services For 2023
        • Debt Settlement: Inside The Secret World
        • Credit Repair Explained: Should You Pay For Help?
        • Best Personal Loan Companies And Lenders
        • Online Loan Companies To Borrow From Home
      • Tax

        • Best Tax Software
        • Free Tax Software
        • IRS Tax Refund Calendar
        • Common IRS Questions and Errors
        • Federal Tax Brackets
        • Capital Gains Tax Brackets
        • 401k Contribution Limits
        • IRA Contribution Limits
        • HSA Contribution Limits
  • Forum
  • Search
Home » Insurance » Life » Life Insurance Companies » 10 Best Online Life Insurance Companies For 2023

10 Best Online Life Insurance Companies For 2023

Updated: January 6, 2023 By Robert Farrington

Tweet
Share39
Share
Pin37
Email
Print

At The College Investor, we want to help you navigate your finances. To do this, many or all of the products featured here may be from our partners. This doesn’t influence our evaluations or reviews. Our opinions are our own. Any investing information provided on this page is for educational purposes only. The College Investor does not offer investment advisor or brokerage services, nor does it recommend buying or selling particular stocks, securities, or other investments. Learn more here.Advertiser Disclosure

There are thousands of financial products and services out there, and we believe in helping you understand which is best for you, how it works, and will it actually help you achieve your financial goals. We're proud of our content and guidance, and the information we provide is objective, independent, and free.

But we do have to make money to pay our team and keep this website running! Our partners compensate us. TheCollegeInvestor.com has an advertising relationship with some or all of the offers included on this page, which may impact how, where, and in what order products and services may appear. The College Investor does not include all companies or offers available in the marketplace. And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with).

For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. TheCollegeInvestor.com strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product's website. All products and services are presented without warranty.

Best Online Term Life Insurance

Shopping for life insurance can be annoying. But gone are the days when you needed to talk to an agent/salesman to get a quote. Now, online life insurance companies are making it easier than ever to get the insurance you need to protect your family.

However, the range of options is growing by the day. Luckily, the process to get a life insurance quote at most companies is quick - it can still be a hassle to know where to shop.

That's why we're breaking down the list of the top online life insurance companies. These companies make shopping for life insurance easy - by keeping the process online and quick. And remember, getting a quote doesn't cost you anything! Check out our list below!

Promo: If you just want a company that offers great prices, a quick online quote, and the easiest experience of all, check out Ladder. They make shopping for life insurance easy! Get a quote from Ladder today >>

Top 10 Online Life Insurance Companies
Bestow
Ethos Life
Fabric
Haven Life
Ladder
LeapLife
Policygenius
Prudential
Quotacy
Sproutt

Note: The life insurance offers that appear on this site are from companies from which The College Investor receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The College Investor does not include all life insurance companies or all life insurance offers available in the marketplace.

Bestow

Bestow is an online life insurance company that offers a short term and long term plan option. It uses technology to make the paperwork of getting term life insurance easy. It also eliminates the need for doctor visits.

They currently offer a 10, 15, 20, 25, and 30-year level term policy. They can serve anyone 18 to 59 years old.

They claim to be able to offer a $100,000 policy for as little as $10 per month. Their maximum insurance amount is $1,500,000.

Check out our full Bestow Life Insurance review here.

Check out Bestow here >>

Best Online Term Life Insurance: BEstow
GET A QUOTE

Ethos Life

Ethos Life was one of the first companies to sell life insurance policies online. Hence, they were also pioneers in regards to using technology to make applying for life insurance easy. 

Ethos won't require a medical exam during the application process. You'll just need to answer a few health questions to get a policy.

Ethos offers a wide variety of term life insurance policies, ranging from 10 years to 30 years. Payout amounts for term policies range from $20k to $2 million and are available to anyone ages 25-65.

Ethos also offers whole life policies to those who are ages 66-85. The payouts for these whole life policies are lower at $1k to $30k, but approval is guaranteed.

Read our full Ethos Life review here.

Best Online Term Life Insurance: Ethos
GET A QUOTE

Fabric

Fabric By Gerber Life Insurance is another online term life insurance company (or life insurance technology company) that focuses on providing level term life insurance without a medical exam, along with other estate planning support such as wills.

They offer policies to individuals from 25 to 60, with premiums starting as low as $6 per month. The value of policies ranges from $100,000 to $5,000,000.

They offer term lengths of 10-year, 15-year, 20-year, 25-year, and 30-year. Read our full Fabric by Gerber Life review here.

Check out Fabric here >>

best online term life insurance: Fabric by Gerber Life
GET A QUOTE

Haven Life

Haven Life is another one of the original online term life insurance companies that focuses on delivering high quality term life insurance at an affordable rate. Their application is slightly longer than others, but they do offer extremely competitive rates for no medical exam term life insurance.

They offer term life insurance for adults under age 59 up to $3,000,000. If you're 60 to 64 years old, you can see if you qualify for a $1,000,000 term life insurance policy.

Read our full Haven Life review here.

Online Term Life Insurance: Haven Life
GET A QUOTE

Ladder

Ladder has the goal of making life insurance simple. They offer a completely online term life insurance experience, with a wide range of term life insurance options, and no medical exams for coverage up to $3M.

You can get a term life insurance policy with Ladder if you're between 20 and 60 years old. They offer policies ranging from $100,000 to $8,000,000. This is one of the highest values we see in the online term life insurance space.

They also offer term lengths from 10 years to 30 years and flexible coverage that can be adjusted as needs change. Read our full Ladder Life Insurance review here.

Check out Ladder here >>

Online Term Life Insurance: Ladder
GET A QUOTE

LeapLife

LeapLife can help you search, compare, and get recommended personalized life insurance policy quotes to find the best rate. 

They offer low cost level term life insurance online, and unlike many of the other companies on this list, you can also purchase whole life policies by calling their life insurance specialists.

As such, they offer a little more customization than many companies listed here.

Read our full LeapLife review here.

Online Term Life Insurance: Leap Life
GET A QUOTE

Policygenius

Policygenius isn't directly a life insurance company. Rather, it's a marketplace/comparison tool that makes shopping for life insurance (and pretty much every other type of insurance) super easy. It's one of the best life insurance comparison tools available.

They can provide you with term life insurance quotes from $500,000 to $10,000,000, and from 5 years to 30 years. 

However, for some of their policies, it's not totally online. Given that they are a marketplace, they do have some online life insurance companies and others that will require more work. It's great to compare and shop around though, so don't dismiss it.

Check out our full Policygenius review here.

Online Life Insurance Quotes: Policygenius
GET A QUOTE

Prudential

Prudential is one of the oldest life insurance companies out there, and they have a complete offering of every insurance policy available. However, not all of these are available online.

Their online term life insurance policy is known as SimplyTerm, and it is available in coverage up to $500,000. It's available in term of 10, 20, or 30 years. Compared to other online options on this list, this is the least flexible and lowest maximum policy available.

However, with Prudential, they want you to move beyond the online policies and speak to an agent who can provide you with quotes on the full range of products they offer.

Online Life Insurance Quotes: Prudential
GET A QUOTE

Quotacy

Quotacy is another online term life insurance comparison tool. It was one of the earliest tools that allowed you to quickly compare term life insurance options online.

Quotacy offers a full array of life insurance policies (beyond term), and it has a great customer support team if you need help beyond the online form. Even though they compare life insurance of other companies, everything is done directly with them.

Check out our full Quotacy review here.

Online Life Insurance Quotes: Quotacy
GET A QUOTE

Sproutt

Sproutt is one of the newest online term life insurance companies. What makes Sproutt different is that they attempt to reward you with lower premiums by doing healthy activities. 

By creating a healthy lifestyle score for you, you have the potential to save money on your term life insurance policy. It's quick and easy to get a quote online, so check them out and see if you can save.

Read our full Sproutt review here.

Online Life Insurance: Sproutt
GET A QUOTE

Who Should Shop For Life Insurance Online?

If you're a millennial or less than 50, relatively healthy, and know exactly what you need from an insurance perspective, then shopping for life insurance online just makes sense. 

Plus, for 99% of people, term life insurance is better than any other life insurance alternatives.

So, if you already know what you need, and what you should qualify for, then it makes sense to shop online for the lowest premium for the amount you need. There's no reason to hassle with an agent (who also may not want to work with you anyway because of the low commissions with term insurance).

What If I Get Denied?

If you do get denied for an online term life insurance policy, then you should reach out to a life insurance agent who can navigate the underwriting process and get you the best rate possible for life insurance.

Most of the online life insurance companies are technology companies - they use technology to craft their policies, and if you don't fall into their pre-defined criteria, they will deny you. 

This doesn't mean you're uninsurable, it just means your situation is probably more complex than others and would be better suited to work with a life insurance agent.

Term vs. Whole Life

You'll notice that almost all of these companies on the list strictly offer term life insurance. The reason is that term insurance is straightforward in pricing and benefits.

Whole life, on the other hand, is expensive and messy. It's messy from the benefits offered, the cash value, the premiums, and more. As such, it's incredibly difficult to streamline the process to offer online.

But even more so, most people should stick to term life insurance. There are very few reasons when a whole life policy makes sense.

Final Thoughts

Shopping for life insurance can be daunting. But this list puts together the best online term life insurance companies all in one place.

Remember, it doesn't cost anything to get a quote. And with most of these companies, you can get a quote in less than 15 minutes. 

So, spend an afternoon, shop around, get multiple quotes, and know you're getting the best premiums possible for your life insurance needs.

Robert Farrington
Robert Farrington

Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him on the About Page, or on his personal site RobertFarrington.com.

He regularly writes about investing, student loan debt, and general personal finance topics geared towards anyone wanting to earn more, get out of debt, and start building wealth for the future.

He has been quoted in major publications including the New York Times, Washington Post, Fox, ABC, NBC, and more. He is also a regular contributor to Forbes.

Editor: Clint Proctor Reviewed by: Claire Tak

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities.
Comment Policy: We invite readers to respond with questions or comments. Comments may be held for moderation and are subject to approval. Comments are solely the opinions of their authors'. The responses in the comments below are not provided or commissioned by any advertiser. Responses have not been reviewed, approved or otherwise endorsed by any company. It is not anyone's responsibility to ensure all posts and/or questions are answered.
Subscribe
Connect with
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Notify of

I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree

0 Comments
Inline Feedbacks
View all comments

Primary Sidebar

Robert Farrington will teach you how to get out of student loan debt and how to start investing.

Hi! My Name is

America's Millennial Money Expert

Welcome to The College Investor. We're here to help you escape student loan debt so you can start investing and building wealth for the future

Our expert guides, reviews, and more are designed to help you achieve your financial goals.

Want to learn more? See what's in my wallet.

As Featured In

Social Media

Popular Posts

Side Hustling

53 Side Hustle Ideas To Make Money Fast

Best Side Hustles

20 Best Side Hustles You Can Start Earning With In 2023

Crazy Ways To Make $10,000

10 Crazy Ways To Make $10,000 You’ve Never Heard Of

Make $50,000 Per Year

3 Ways To Make $50,000 Per Year Without Working With Passive Income

Student Loan Scams

Top Student Loan Scams

Net Worth of Millennials

Average Net Worth Of Millennials By Age

Ways To Get Student Loan Forgiveness

Student Loan Forgiveness Programs (The Complete List)

529 Plan By Age

How Much Should You Have In A 529 Plan By Age

Passive Income Ideas

40 Passive Income Ideas You Can Use To Build Wealth In 2023

Make Money From Home

80 Ways To Make Money From Home In 2023

Ultimate Guides

529 Plan Guide

529 Plans: The Ultimate Guide To College Savings Plans

Student Loans and Financial Aid By State

Student Loan And Financial Aid Programs By State

Student Loan Advice

The Definitive Guide To Student Loan Debt

Student Loan Forgiveness By State

The Full List Of Student Loan Forgiveness Programs By State

newretirement

How to Start Saving Now: The College Graduate’s Guide to Saving for Retirement

Latest Research

How much to file taxes

Tax Survey: How Much People Paid To File And The No.1 Tax Software They Used

Inflation survey

Side-Hustles To The Rescue: Survey Shows 86% Stressed About Money & Inflation

students choose to work survey

75% Of Students Would Still Choose To Work Even If They Didn’t Have To

Institutional Merit Grants

Who Gets Institutional Merit Grants At Private Colleges?

Resume Student Loan Payments

Survey: Even With Higher Expenses, Most Student Loan Borrowers Are Ready To Resume Payments

Footer

Who We Are

The College Investor is an independent, advertising-supported financial media publisher, focusing on news, product reviews, and comparisons.

Connect

  • Contact Us
  • Advertise
  • Press & Media

About

  • About
  • Our Team
  • Podcast
  • Editorial Guidelines
  • How We Make Money
  • Archives

Social

Copyright © 2023 · The College Investor · Privacy Policy ·Terms of Service · DO NOT Sell My Personal Information

wpDiscuz