Leap Life Insurance Review

Highlights of Leap Life Insurance Include

• Save up to 40% or more on life insurance
• No Extra Fees, No Hassle, free 30-day returns.
• No Medical Exams required for most applicants
• Between $100,000 and $5,000,000 in coverage
• Coverage Available for 10, 15, 20, or 30 year terms
• Our agents are salaried, not commissioned
• No Sales Pressure
• Apply Completely Online

No one wants to think about their mortality, and putting life insurance shopping on the back burner is easy to do. However, not having life insurance can put your family’s financial stability at risk.

According to LIMRA’s Facts About Life consumer study, 35 percent of households would feel a financial pinch within a few weeks of the breadwinner dying.

Leap Life makes buying life insurance an easy, quick, and transparent process so you can protect your family.

Founded in 2017, Leap Life is a licensed life insurance agency based in San Francisco, California. 

Leap Life connects you with various insurance companies based on your needs and partners with many highly-regarded carriers such as Protective Life, American General, Mutual of Omaha, Pacific Life, Transamerica and more. 

All of these companies have Excellent or Superior financial strength ratings from AM Best for financial stability. Life insurance from a financially sound company is vital because that company needs to be in business to pay benefits to the beneficiaries of policyholders for years to come.

Leap Life Pros

• Fast application process, possibly with instant approval
• Coverage up to $5 million via well-known and reputable insurers
• A+ rating with the BBB
• Transparent policies with no hidden exclusions

 

Leap Life Cons

• Application may include a brief wellness check vs. immediate approval
• Not available in New York

Leap Life Insurance Policies

Leap Life offers accidental death, universal life and term life insurance policies through top-rated life insurance partners.

Quotes and applications are processed online or over the phone, with life insurance plans available for people ages 18 to 85. 

Leap Life prides itself on being transparent with information, so you won’t have to deal with unexpected fees or policy exclusions.

You may qualify to purchase $100,000 to $5,000,000 in coverage for a 10-, 15-, 20-, or 30-year term.

All policies are renewable or convertible before or at the end of the term. Additionally, you can modify or cancel your life insurance policy at any time without paying a penalty.

Leap Life Artificial Intelligence

Artificial intelligence (AI) is a computerized gathering and analysis of data to make a decision.

According to the National Association of Insurance Commissioners (NAIC), insurance companies are implementing artificial intelligence throughout the entire business, from underwriting to claims.

Leap Life is also utilizing this technology to better serve customers by providing life insurance options explicitly meeting their needs. You don’t have to sort through life insurance quotes for policies you don’t qualify for, the artificial intelligence does that for you.

Leap Life’s sophisticated artificial intelligence platform takes the information you provide and checks it against the partner life insurance companies’ underwriting guidelines.

The result is an online quote with the best deal Leap Life finds.

Leap Life’s system gives you appropriate policies at the right price without wasting time considering options that ultimately will not work for you.

Leap Life Insurance Quotes

Leap Life’s website is simple to navigate, and the quote tool is very straightforward to use.

There is information on the site to help you determine your life insurance needs, learn about the different types of life insurance and how life insurance works in general.

The average person completes a Leap Life insurance application within 10 minutes. 

To get a Leap Life insurance quote, click "Get Your Quote" on the website, then provide this information:

• Date of birth
• Gender
• Height
• Weight
• Nicotine use
• State of residence

Then you’ll answer a few questions about your citizenship status, medical history, lifestyle, and background to receive a three-tiered quote from the best-matched carrier. 

The tiers are Easy, Essential, and Elite, and are based on the amount and duration of coverage. 

You can make changes to your quote parameters to see prices for different coverage amounts and terms, and you can click on "See More Options" for quotes from other insurance companies.

If you decide to go with Leap Life’s initial quote, you can start the application right away, and you may be instantly approved. 

If you don’t get immediate approval, you’ll need a quick 10-minute wellness check, and you get to choose the time and place for this appointment.

Leap Life’s Top-Rated Life Insurance Companies

Leap Life prides itself on only connecting customers with coverage from "A" Rated AM Best life insurance companies. 

This gives you peace of mind that a financially stable organization that can pay out benefits for years to come manages your life insurance policy. 

Here is a sampling of the insurance carriers Leap Life connects with life insurance customers:

• Protective Life Insurance has been in business since 1907 and takes pride in clear communications and streamlined procedures. Protective has some of the best rates for term life insurance in the industry.
• Mutual of Omaha opened for business in 1909 and sells several types of insurance in addition to life insurance. Mutual of Omaha is known for a distinct code of ethics and following responsible business practices with a willingness to try innovative insurance products.
• American General Life Insurance is part of AIG, one of the largest insurance companies in the world. In business since 1960, American General has a reputation for exceptional customer service.
• Transamerica Life Insurance went into business in 1904 with the goal of making financial services available to all people regardless of income level. Transamerica offers multiple types of life insurance, including the rare key person life insurance for business partners. Transamerica manages over $29 billion in assets.
• Assurity has been selling life, disability, and critical illness insurance since 1890. As a mutual insurance company, Assurity can focus on customer satisfaction instead of shareholder profits. Assurity has the distinction of being recognized as a certified B Corp.
• Pacific Life has been around the longest of Leap Life’s insurance partners, for 150 years. The company is a founding member of the retirement planning education organization, Alliance for Lifetime Income. Pacific Life was recently named one of Ethisphere’s World’s Most Ethical Companies.

 

Leap Life Insurance Questions and Answers

Can Leap Life help me understand how life insurance works?

Yes. Leap Life is committed to making the life insurance process as easy to understand as possible. The website features articles written in plain language under “Life Insurance 101.” Leap Life representatives are also happy to answer any questions you have, over the phone or via email.

Can Leap Life tell me how much life insurance I should buy?

Leap Life offers an online needs calculator to help you figure out how much life insurance you really need to ensure your family can pay bills and have a secure future should you die. 

How difficult is it to get a Leap Life quote?

The Leap Life online quote process takes just a few minutes and doesn’t require any personally-identifiable information so you won’t be getting flooded with sales calls. You get your free price quote instantly.

What if I’m not satisfied with my Leap Life policy?

Leap Life allows you to return your policy within 30 days of the effective date. You can also change or cancel your plan at any time without any hassles.

What makes Leap Life a standout life insurance company?

Leap Life offers flexible, high-quality service whether you buy a life insurance policy online or over the phone. The advantage to using Leap Life is you will get the right life insurance coverage in as little time as possible.

 

Leap Life Insurance – Streamlined Shopping

for Life Insurance 

Finding the best life insurance provider for your needs can seem like a daunting task and getting the wrong life insurance policy can mean paying hundreds of dollars more per year than you need to, which could mean thousands of dollars extra, over the life of your policy.

According to research, about 80 percent of Americans spend at least 50 percent more than they need to for their life insurance policies as a result of choosing the wrong life insurance company.

You don’t want to be part of this statistic, and that’s where Leap Life Insurance can come help save you money.

Leap Life simplifies and streamlines the process of finding the right life insurance coverage to meet your needs.

You can apply for your policy in just minutes and get instant price quotes from several of the leading life insurance companies in America.

Let’s take a look at Leap Life’s key features to see if it can benefit you and your family.

Overview of Leap Life Insurance

Leap Life is a life insurance technology firm founded in 2017 and headquartered in San Francisco, California.

The company’s primary goal is to match consumers with insurance policies that perfectly suit their needs from some of the top-rated life insurance companies across the USA.

The Main Benefits of Leap Life

You can use the Leap Life online platform to find the most competitive life insurance rates to help save you money on your insurance coverage.

Once you provide the required information, the insurance agency compares life insurance policies from a variety of insurance companies and allows you to choose the best policy to meet your family’s specific needs.

Leap Life offers a fast approval time and has an A+ rating from the Better Business Bureau.

Besides providing life insurance, this insurance agency also offers an effective insurance needs estimation tool based on assets, current income, and life situation.

This needs calculator can assist you in determining exactly how much insurance you need to protect your loved ones.

Another great thing about this insurance agency is that it allows your coverage to begin immediately.

 

Who Should Use Leap Life Insurance?

• Leap Life is ideal for parents and families.
• The company points out the fact that life insurance can help you accomplish at least one of the following:
• Pay for funeral and other final expenses
• Replace at least some of your income for a time
• Cover the cost of your children’s college education
• Pay off your home loan or other debt

  

What Makes Leap Life Insurance Stand Out?

One thing that sets Leap Life apart from most of its competitors is that it provides a form of insurance known as level term life insurance. With this kind of insurance, you’ll need to make even monthly payments throughout the course of your life insurance policy.

You get to benefit from only life insurance as the policy doesn’t involve any build-up of cash value. This is one of the best life insurance policies for people below 30. 

You should realize, however, that Leap Life offers level term life insurance policies that are convertible to permanent life insurance protection which lasts your entire lifetime.

A convertible policy means that you can take your term life insurance policy and "Convert" it to a whole life policy.

The advantage is, if you get to the end of your policy term, or you have a life situation change, you can make that policy permanent without having to go through underwriting.

Whole versus Term Life Insurance

Namely, it is not possible to convert the policy into awhole life policyat some point in your life. While whole-life insurance policy is not one of the best investments, it can be beneficial when it comes to estate planning.

Term life insurance doesn’t last forever. It can expire when you are still too young.

You may not have achieved financial independence by the time the policy expires, but with careful planning and goals in mind, you can save a tremendous amount of money with term life insurance.

 

How Leap Life Works

  

Application Process

Leap life allows you to apply for insurance policies online. This saves you the stress that comes with dealing with sales agents. This insurance agency employs state-of-the-art artificial intelligence technology to match you with the most appropriate policy and insurer.

Leap Life uses your answers to determine your likelihood of getting approved for the policy you are looking for and at the most affordable prices form all the available insurers.

With the answers you provide, Leap Life will be able to match you to the best, simplest, and most cost-friendly policy without having to speak to a sales agent.

 

Who Qualifies for Leap Life Insurance?

You need to be between ages 18 and 75 to be able to apply for Leap Life insurance. Term policies usually come in increments of 10, 15, 20 or 30 years of coverage.

Since Leap Life can connect you to a variety of insurance options, it's advisable to go through the quote process to see the pricing options available to you.

 

Life Insurance Coverage

It is also worth noting that death benefits for term life coverage normally range from $250,000 to $5,000,000.

However, some carriers associated with Leap Life may fall out of this range. Moreover, policy extras such as term to permanent conversions may also vary based on the specific life insurer.

Leap Life chooses the insurance providers with the most competitive rates and the best financial strength ratings. That is manifested by the list of Leap life affiliates that includes the industry frontrunners like Pacific Life, Assurity, and Protective.

It is advisable to take your time to understand each recommended carrier before you commit to doing business with any of them.

 

Leap Life Extra Coverage Riders

The fact that Leap Life offers life insurance policies from different carriers, additional riders will depend on the insurance provider you choose.

Here are some of the riders you can get from various carriers:

• Child Protection Rider
• Disability Income Rider
• Guaranteed Insurability Rider
• Family Income Benefit Rider
• Critical Illness Rider
• Long-Term Care Rider
• Spouse Protection Rider

Carrying a rider that you don’t need can add unnecessary cost to your policy.

It is advisable to take your time to understand the additional insurance riders, as well as consult with Leap Life, to ensure you choose an insurance policy with the right rider that suits your specific needs.

 

Overview and Conclusion

Life insurance is an integral part of your overall financial plan and is likely necessary to be confident of your family’s financial future. It’s best to have a plan in place should your loved ones lose your income.

Leap Life helps you find the right life insurance from a high-quality carrier that’s best for your circumstances without a time-consuming application process.

Leap Life is committed to streamlining the process of finding life insurance by leveraging technology. It brings a whole new experience to the world of life insurance.

It is geared to protect not only your life and that of your loved ones but also your time and money.

You can be matched instantly with a policy that perfectly fits your specific needs and financial situation.

You have the opportunity to choose from the country’s best insurers, including Fidelity Life, Mutual of Omaha Life Insurance, SBLI, Transamerica Life Insurance Company, Assurity, AIG, and more.

If you are looking for low-cost life insurance, you can’t go wrong with Leap Life.

This insurance agency can help you save up to 40 percent on life insurance with less hassle than calling for a single quote.

 

Life Insurance Cost Calculator

Leap Life Insurance Review