Who is Everyday Life Best Suited For?
Everyday Life is a good option for anyone who’s looking for a fast and easy way to get term life insurance. This life insurance is designed for people with dependants who want a safety net for their families in case they pass away. Married couples with young kids, single parents, or adults who take care of their parents can benefit the most from this service. Everyday Life is ideal for busy people who want to take out custom term life insurance with little effort.
Everyday Life Features
Everyday Life offers customized term life insurance and accidental death insurance plans. The company uses predictive protection technology to determine what coverage each customer needs at different stages of their life. This machine-learning technology analyzes applicants’ needs based on their age, lifestyle habits, and income and by comparing vast amounts of data from different profiles.
The 100% online application process is simple and streamlined. The company also offers support at every step of the process. You can get your policy approved in as little as 20 minutes. Everyday Life promises to match applicants with insurance options they are 80% likely to get approved for.
Everyday Life Highlights
Everyday Life offers affordable life insurance. The average price of an insurance plan is $15 and the minimum price is $4.61. The company’s service is streamlined and digitized, so you can get a customized quote in minutes. Everyday Life focuses on everyday people and simplifies life insurance with the help of technology. The insurance can be tweaked to meet your specific needs and budget. You get to choose the payment date and there is no need for a medical exam. According to the company’s website, 90% of its customers never need a medical exam to take out life insurance. You also get a 30-day risk-free guarantee for most policies.
How It Works - Application Process
To start customizing your insurance policy, you need to complete a short quiz on the company’s website. It’s available on the homepage under the ‘Customize your coverage to fit your life!’ call to action. Once you press the ‘Get Going’ button, you’ll have to answer a few simple questions about your age, zip code, sex, nicotine use, annual income before taxes, and the type of coverage you’re looking for. After you answer all the questions, you immediately get a quote. If you’re not sure which plan to choose or have additional questions, click on the option ‘Help me decide.’ You’ll get additional questions that enable you to better understand your options and how life insurance works.
Based on a 2-minute simulation carried out for a woman born in 1977, with an annual income of $50,000, who hasn’t been smoking for over a year, the coverage options were:
- A 20-year term life policy worth $34.36/month with coverage of up to $250,000
- An accidental death insurance plan worth $30.71/month with coverage of $200,000 that renews itself until age 80
Types Of Policies and Terms
Everyday Life offers dynamic term life insurance policies that can adapt to the changes in your life. For example, you can apply for a 30-year policy with coverage worth $400,000 when your kids are little. As your kids grow and leave the nest, your need decreases. So, you can customize the insurance plan to get maximum coverage of only $300,000. The company calls this flexible approach predictive protection. Its motto is that you only pay for what you need and when you need it.
Everyday Life policies’ length varies from 10 to 40 years. The company doesn’t offer its own policies, it partners with Legal & General. The maximum coverage varies from $100,000 to $10 million and the applicants’ age varies from 20 to 75.
What Is Everyday Life’s Reputation
Everyday Life has been accredited by the Better Business Bureau since 2020 and has an A+ rating with the bureau. The company also enjoys an excellent 4.4 rating on Trustpilot. It is also backed by the Financial Health Network, a leading nonprofit organization, that praises this company for its convenient and inclusive accelerator program.
Help and Support
Everyday Life’s knowledgeable support team is available over the phone at (888) 681-3811 and by email at info@everydaylifeinsurance.com. To get free personalized advice even before becoming a customer, complete the online form in the company’s Contact section and an expert will reach out to you by email or phone.
Physical Address
12 Forbes Ln, Andover MA 01810
Why We Chose Everyday Life
We chose this term life insurance provider for its high degree of customization and predictive protection approach, which helps adjust insurance rates, technology-driven quotation process, good ratings, and ease of use.