Customized quote in under 3 minutes
Pros
- Quick sign-up and quote process
- Highly rated underwriters
- Automatic adjustment of terms with important life events
Cons
- Less accurate risk assessment
- Automatic scaling may not benefit all types of policy owners
- At least 50 years of age requirement for Whole life application
Getting a life insurance policy is something most people would try to put off due to the cumbersome process involving piles of paperwork and a bothersome health examination. Everyday Life aims to simplify the signing-up procedure and minimize the inconvenience. In addition to eliminating the need for a needle prick for healthy applicants, the application process itself is straightforward, taking only a few minutes. Furthermore, you can receive a quote without disclosing your contact information.
Rates and coverage of policies rely on a system known as Predictive Protection. This modifies your coverage based on significant life events such as having children or approaching retirement age. As time passes, your coverage scales up and down automatically, ensuring that you have the appropriate protection.
Types of Policies
Term Life Insurance
Everyday Life provides term life insurance policies from various underwriters. The coverage amount can go up to $2 million, depending on the insurer and the policy term, which ranges from 10 to 40 years. A medical examination is usually not necessary for most term life policies. Approval can often be obtained within a day or two. Moreover, depending on the insurer that you’re matched with, you may be allowed to renew or convert your term policy to a permanent policy upon completion of the initial term.
Whole Life Insurance
Everyday Life provides whole life insurance policies through Fidelity Life, consisting of two types: simplified issue and guaranteed issue. However, these policies are exclusively for applicants aged 50 and above, making them unsuitable for younger individuals or families who seek permanent coverage.
Accidental Death Insurance
Technically not life insurance, accidental death insurance is often added to a standard term life or whole life policy. The policy offers a death benefit to your beneficiary if you die due to a qualifying accident. Assurity underwrites Everyday Life’s accidental death insurance policy, allowing you to select coverage limits ranging from $50,000 to $350,000. Approval can be obtained within two business days without undergoing a medical examination. The policy can be renewed until you reach 80 years of age.
Cost of a Policy
Everyday Life partners with several insurance companies to offer insurance policies ranging from $5,000 to $2 million. Your rates will depend on various factors such as your health, age, financial status, and policy type. Everyday Life issues policies for customers as young as 18 to as old as 85 years of age.
Application Process
Signing up for life insurance with Everyday Life is a quick process that takes only a couple of minutes. Initially, you will receive a quote and then, if the monthly premium is satisfactory, you will proceed with the slightly more detailed application process. While a medical examination is not usually required, Everyday Life reserves the right to request one as part of your application.
Customer Service
Everyday Life insurance policyholders can get personalized help whenever they need it. Whether you have questions or require assistance, their customer support is available via phone at (888) 681-3811, email at info@everydaylifeinsurance.com, or live chat.
Is Everyday Life Right for You?
New parents, younger customers, busy individuals, tech-savvy people, and those who want human interaction are the ones who would appreciate the services of Everyday Life. For families with young children, Everyday Life ensures that you have the necessary coverage during those critical early years when your children would need it if something were to happen to you. If you are at the beginning of your career, you can establish the policy and allow it to operate for up to 40 years with the assurance that it will adjust as your life circumstances change.
Everyday Life’s automatic scaling feature is also ideal for those who are short on time to review their life insurance policy regularly. Furthermore, it is an excellent choice for individuals who desire a policy but do not want to engage with an insurance broker to establish it.
