In a Nutshell
- No exams for some plans
- Affordable plans
- Fast and convenient online process
- No in-person options (but you can get a phone call with an agent)
- No live chat
Leap Life is a fast and easy life insurance marketplace that is also affordable, making it a good fit for just about anyone looking for life insurance policies. It is particularly suited for those individuals who prefer to do things online with speed and convenience. Leap Life is also a good option for people who like to have a variety of options given to them before they make a decision.
Leap Life differentiates itself from other options out there by combining the 2 most important features people look for when shopping around for life insurance policies: convenience and competitive pricing.
To begin with, Leap Life offers online applications with multiple different insurance carriers. So, you have the flexibility, convenience, and speed of working totally on a digital platform. One reason people don’t bother with something as important as life insurance is because they can’t be bothered to deal with the whole complicated process. Turning over to a digital process invites even the busiest consumers to take advantage of the all-important benefits of life insurance. You can also complete your application process over the phone if you prefer to talk to an actual agent but don’t want the hassle of going down to an office.
Next, Leap Life uses a sophisticated algorithm to assess a customer’s total situation. Taking all factors into consideration, including finances, health, and mobility, the program returns a score based on the aggregate of those factors. Using that score, Leap Life then pairs you up with the best life insurance policy provider for you.
2. Competitive pricing
Another typical impediment to obtaining life insurance for you and your loved ones is the expensive premiums involved, which is why we're pleased to see how affordable most of Leap Life plans are. In fact, you can get plans starting at just $14 a month with Leap Life. How does this company do it? Leap Life works with a huge network of insurance policy providers. This is important because life insurance is not a one-size-fits-all product. The more variety you have to work with, the better a fit you’ll be able to get for your situation and budget.
According to research, most Americans pay anywhere from 50%-300% more than they need to for life insurance policies. This is due to an improperly matched insurance policy and customer, which happens when you only have a limited number of carriers on your roster. Leap Life has a huge range of carriers available, so it doesn’t have to shove square pegs into round holes. These agents can find the best insurance policy for you, making it easy and affordable.
In addition to giving you good prices and easy access, Leap Life has an online needs calculator. The calculator asks you questions like how much your rent or mortgage payments are, how many dependents you have, how much debt you owe, how much savings you have, and what your annual income is. Then the calculator will figure out how much your family will need to survive and cover expenses in the event that you pass away, and it determines what size life insurance policy you should take out to cover those costs.
- Smart product matching algorithm
- Wide network of insurance carriers
- Flexible policies and terms
- Convenient needs calculator
- 30 day money-back guarantee
- Fast online application process
- Instant approval (if you qualify)
- A+ rating with the Better Business Bureau
- 9.5 stars from Trustpilot
- Only works with A rated AM Best carriers
- No hidden fees
The application process is one of the main advantages of using Leap Life. That's because it’s available totally online. You'll never be dragged down to an office, have to sit through a sales pitch, or deal with lines and waiting. The quick online application form takes a few minutes to fill out. Then you’ll receive life insurance policy offers instantly. Some policies even come with instant approval. If you have questions or decide you need a less digital route, you can request to connect with an agent at any point in the process.
Here’s how it works:
- Go online and fill out the application form.
- The form has general questions about yourself like age, weight, and gender.
- You’ll then be asked more specific health questions such as whether or not you smoke, have genetic diseases, or have ever received a DUI.
- Once all the questions are answered, you’ll get a few quotes. These are potential offers that you can then research more thoroughly if you’d like.
Policy Types and Terms
Leap Life offers term life insurance policies ranging from 10 to 30 years as well as accidental life insurance products. They work with prominent names in the life insurance industry such as Lincoln Financial Group, Prudential, and Transamerica. Additionally, you can add a child rider or return of premium option to your policy. In addition to term life insurance, Leap Life also offers universal and permanent or whole life insurance policies over the phone with an agent.
What we found impressive about Leap Life was the flexibility of policy terms. If for any reason during your policy your needs change, you can update, change, or cancel your policy.
Here’s what you’ll need to work with Leap Life:
- US citizen or green card holder
- Be between the ages of 18-75
- Answer online questionnaire
How Safe Is It?
Leap Life uses military-grade security protocols to keep all your data safe at all times. It has 256-bit encryption, so nobody can read your information. Plus, Leap Life doesn’t sell any personally identifiable information to third-party associates.
Help & Support
Leap Life offers its customers phone support that is available from Monday thru Friday 8am to 6pm PT. You can also reach out to customer support by emailing an agent. Additionally, there are several helpful tools online, including a needs calculator to help you figure out how big a policy you’ll need to cover your expenses, an FAQ section with loads of helpful answers, and Life Insurance 101, a comprehensive guide explaining everything you’ll ever need to know about buying a life insurance policy.
Leap Life at a Glance
Leap Life was built by a group of driven entrepreneurs who have already successfully launched other startups, so it has a strong foundation. Working with a wide network of the best carriers in the industry, Leap Life keeps customers safe by partnering with RGA, the number 1 life reinsurer in the country. This life insurance policy matchmaker is known for pairing consumers with the best insurance carriers for them, based on a smart calculation that takes finances, health, and life situation into the equation. Offering convenient online service, fast and friendly customer support, and a wide network of the most trusted insurance policy carriers in the country, Leap Life comes highly recommended.
333 Bush Street, FL 19
San Francisco, CA 94104