Select Quote Life Insurance

Most people have heard of Select Quote Life Insurance because they are one of the most well-known insurance marketers in the United States.

Are you wondering if Select Quote is the best choice for your life insurance needs?

Select Quote is a reputable agency that provides unbiased price comparisons from several quality life insurance companies.

But before you jump to any quick decisions, we strongly encourage you to read our Select Quote review!

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  1. Details about the Select Quote Life Insurance Agency
    • About the insurance agency Selectquote.com
    • Types of life insurance policies offered
    • Primary companies represented by Select Quote
    • Steps required to select a quote and get a new policy
  2. Advantages of Affordable Life USA vs. SelectQuote.com
    • No sales pressure
    • Better for people with medical conditions
    • Better for business owners and executives
    • A more extensive portfolio of insurance companies
  3. Compare excellent life insurance rates for your family 

Select Quote Life InsuranceAbout Select Quote Life Insurance

SelectQuote was started in 1985 and has prominent locations in San Francisco, California, and Leawood, Kansas.

SelectQuote life insurance is considered an agency or broker, not a life insurance company.

Select Quote.com captures its share of the life insurance marketplace by spending millions on television, newspaper, radio, and internet advertising.

This large advertising budget allows Select Quote.com to sell thousands of policies for millions in new premiums yearly.

The company sells policies directly to consumers on the internet and by telephone, mainly by providing free term and universal life insurance quotes.

Select Quote is also considered an elite insurance agency based on the volume of policies sold yearly. SelectQuote.com  is also an independent agency and is licensed nationwide.

They have even paid Suze Orman enough money to endorse them, which could be why you recognize the Select Quote.com brand name.

As an independent agency, Select Quote reviews the prices of many insurers, which is better than a local agent who only represents one primary company.

SelectQuote went public in mid-2020 to expand and diversify its insurance platform.

SelectQuote (SLQT) shares have tumbled over the past few years from a high of around $31 to just under $1 in early 2023.

SelectQuote (SLQT)Advantages of Working with Selectquote.com

Many people can benefit from working with Select Quote’s core insurance companies that offer great rates to healthy people needing basic term coverage. 

Most agents working at SelectQuote.com are well-trained, knowledgeable, and polite.

They also have a reasonably streamlined underwriting process for healthy applicants seeking life insurance.

In today’s busy world, applicants also appreciate the convenience of conducting their insurance transactions exclusively by telephone compared to meeting with an agent in person.

Types of Selectquote Life InsuranceTypes of Selectquote Life Insurance

Before choosing any life insurance agency or insurance company, you should make sure Select Quote reviews your life insurance needs. 

You need to understand your specific needs to determine which life insurance policy is right for you.

First, ask yourself a few questions:

  • How much life insurance do I need?
  • Are you covering for a specific need such as mortgage protection, income replacement, or only for final expenses?
  • Do you need coverage for a certain number of years, or do you alternatively need coverage for the rest of your life?
  • Do you need pure death benefit protection, or do you need a cash value too?

Once you have answered these questions, you can better decide between term and universal life insurance. 

Select Quote Term Life Insurance has contractually guaranteed premiums for between 10 and 40 years.

Select Quote Permanent Life Insurance offers both whole and universal and whole life insurance, with cash value growth and lifelong coverage.

Since a select quote is a broker or agent, they must sell policies by representing several insurance companies.

So, after select quote reviews your initial application, the agent will typically submit your application to one of the following life insurance companies. 

select quote Life Insurance companies

  • American General – A.M. Best Rating: A
  • Banner Life – A.M. Best Rating: A+
  • Globe Life – A.M. Best Rating: A
  • Mutual of Omaha – A.M. Best Rating: A+
  • Protective Life – A.M. Best Rating: A+
  • Prudential – A.M. Best Rating: A+
  • Transamerica Life – A.M. Best Rating: A
  • William Penn  – A.M. Best Rating: A+

is selectquote a good companySteps to Receive Your SelectQuote Policy 

Now that you are familiar with your needs and the types of life insurance offered by Select Quote, you may feel comfortable going online and select a quote suited to your unique needs.

When you go online to the SelectQuote.com website, you will see a few options to Start Your Free Quote:

Speak to an agent or fill out an online form.

Many people choose the online profile hoping to obtain an instant insurance quote. After all, shouldn’t my quotes appear online if I select life insurance for the exact plan and amount needed?

Not exactly! You will first need to fill out a detailed medical profile. Your medical profile includes your overall personal health history, family history, driving record, nicotine use, dangerous sports or activities, and contact information.

Please realize you still will not get a quote immediately when entering your medical profile and contact information.

Before this can happen, you will get a telephone call from an agent.

 During your call, a few details are typically addressed:

  • First, Select Quote reviews and verifies your information
  • Then, your agent will select a plan of insurance and death benefit
  • Your agent will also attempt to find the best insurance company for you
  • If you like the ideas presented to you, a medical checkup will be ordered
  • Upon approval, Select Quote reviews your offer with you
  • Finally, a policy will be mailed to you

WAIT!

Before starting the application process, we strongly encourage you to compare SelectQuote.com vs. Affordable Life USA.

Get term and universal life quotes with absolutely no sales pressure!

Do You Need Life Insurance Quotes?

 It’s Quick, Simple, & Easy

  • Quickly Compare Rates 
  • Simple Application
  • Easily Get Pricing

Select Quote.comSelect Quote.com vs. Affordable Life USA

Do any of these situations sound like your situation:

  • You do not want to be “high pressured” into buying life insurance.
  • You are trying to get life insurance with pre-existing medical conditions.
  • You are a business owner requiring a death benefit above $1,000,000.
  • You would like quotes from many different life insurance companies.

If so, it is imperative to understand the benefits of working with our independent agency! Here are a few key things to consider when choosing the best agency for your family.

Select Quote.com

 Select Quote.com has Pressure to Make Sales.

Remember, SelectQuote.com has enormous overhead expenses compared to a small independent agency.

They must pay millions in salaries to hundreds of agents and employees.

Not to mention the office space to house their massive call centers. They have recently hired over 400 people and moved into a new office in Kansas, investing about $12 million to renovate their office to accommodate their large sales force.

This means there is pressure on upper management to sell tons of life insurance to pay for their enormous costs. 

Agents working in call center environments such as Select Quote, Termfinder, Accuquote, or AIG Direct only focus on making new sales.

Select Quote.com agents will try hard to sell you a policy on the first call to make their quota.

Here is how they will try to close the sale:

  • Quote you the cost of your life insurance
  • Selecting the best insurance plan and death benefit
  • Completing an application on the phone
  • Setting you up with a medical exam

This is all done on the first time they talk with you!

Since SelectQuote has many bills, agents must meet a quota to keep their jobs. Since agents give many online life insurance quotes, it becomes challenging to quote accurate premiums.

This usually happens by quoting attractive prices without asking enough health questions to provide applicants with the most accurate term life insurance quote.

select quote life insurance companiesAffordable Life USA has No Sales Pressure.

We are a smaller agency with a smaller adverting budget and staff. We select life insurance quotes from a network of many of America’s top-rated life insurance companies.

How much does life insurance cost? 

You can find estimates of your cost for life insurance without talking with an agent by using our free insurance calculator.

Our quotes are available without filling out any detailed personal information. This allows you to select insurance quotes from hundreds of plans and companies.

select quote life insurance for seniors

SelectQuote.com for People with Medical Conditions

Select Quote reviews hundreds of applications daily and has a large team of people handling the underwriting of your file.

Your original agent may not be updated on the status of your file as it moves through the underwriting process.

This quoting strategy works fine for people in perfect health!

Senior citizens and people seeking life insurance with pre-existing conditions can benefit from niche companies that use a clinical approach to underwriting.

Obtaining an affordable life insurance policy can also be a cumbersome process. This is very important to remember if you are older or have a few minor health issues.

Selectquote does have several insurance companies that work just fine for healthy seniors seeking life insurance coverage.

However, if you have a medical condition, you may need to get an impaired risk company involved to secure the best policy pricing.

It can be complicated for a stressed-out select quote agent to determine how your medical history fits each company’s underwriting guidelines.

Select Quote insurance services does have a specialty division for seniors. But, the Selectquote senior division works only with Medicare supplements and Medicare Advantage plans.

select quote life insurance reviewsAffordable Life USA for Medical Conditions

People buying life insurance with diabetes, hypertension, depression, and other common medical conditions need more agent intervention and a larger pool of insurance companies.

Having many different insurance companies to choose from will increase your probability of finding cheaper premiums for life insurance.

Since many insurance companies will request your medical records from your doctor, special attention needs to be focused on honoring these requests promptly.

This is often the case with older applicants, who often have many doctors. We have found this extra effort is paying off when underwriting life insurance for seniors over 70.

Typically, our veteran agents shop extensively to select insurance companies best suited to your medical history.

After reviewing your medical records, we can utilize many insurance companies to find the best rates in today’s marketplace.

Furthermore, more expertise and companies are required if your application is approved with a higher premium than initially quoted.

This typically requires a select quote review of your file to begin shopping with multiple life insurance companies to get a cheaper offer.

This will require more effort by the Select Quote agent, who may not have the time or incentive to shop around for you.

selectquote reviews bbb

SelectQuote.com for Business Owners & Executives

Successful executives, doctors, and small business owners often require significant life insurance policies.

Wealthy people require many services and advisors aware of their unique planning needs. This specialization is often hard to find at a local general agency or big call centers like Select Quote.

Many SelectQuote agents are unfamiliar with how to properly structure insurance coverage for a Key-person policy or Buy-Sell coverage.

Many wealthy people also need Survivorship Life Insurance to protect their estates.

These policies can be complicated and may pose problems for an agent working in the SelectQuote call center.

selectquote complaintsAffordable Life USA for Business Owners & Executives

Business owners and executives can benefit by working with Affordable Life USA because of our specialized life insurance focus.

Many high-net-worth individuals purchase business life insurance based on the recommendation of their key advisers.

We work in a coordinated effort with these advisors to provide affordable life insurance coverage and a properly structured policy.

How We Can Assist Business Owners:

  • Protecting their income with life insurance
  • Covering a large home or business loan with life insurance
  • Providing a key person policy for their business
  • Offering buy-sell coverage for their business
  • Securing Survivorship Life Insurance to protect their estates

Often, a term life insurance policy is appropriate for our wealthy clients. However, business owners that need coverage to last for their entire life should consider universal life insurance.

Select Quote.com life insuranceSelect Quote.com has a Small Portfolio of Companies

Here is a life insurance industry secret!

Insurance companies reward big agencies with higher-paying contracts based on their premium volume.

This is one reason large agencies favor only a few well-capitalized insurance companies offering higher commission contracts.

Moreover, as a small independent agency, we realize that offering many life insurance plans and companies can be challenging to manage.

Not only for one person to learn, but teaching hundreds of life insurance plans to a massive sales force becomes an even more daunting task.

SelectQuote reviews many applications for life insurance and must have a more simplified process to maintain the autonomy of its workforce.

Learning the products and underwriting requirements of 1o companies is hard enough, let alone 50 or more companies.

So, this is why it makes more economic sense for Select Quote to concentrate its efforts on writing for a few well-staffed life insurance companies.

select a quote for life insuranceAffordable Life USA has Many Companies

We are a smaller agency, which allows us to spend much more time with our individual and business clients.

Select Quote agents do not routinely sell policies to applicants with health conditions, policies with more significant death benefits, or permanent life insurance.

Agents at Select Quote review a spreadsheet of the cheapest life insurance prices from multiple carriers and typically go directly to filling out a formal application. 

Plus, the limited policy selections available through Select Quote are generally the same as you would get from your local agent.

Our independent agents will work with you from start to finish and represent many of America’s top-rated life insurance companies

Currently, insurers like Lincoln Financial, Prudential, Pacific Life, and Transamerica offer the best rates in today’s marketplace. 

COMPANY BBB AM Best JD Power
AIG A+ A 718
AXA Equitable A+ A+ 752
Banner Life A+ A+ N/A
Brighthouse A+ A+ N/A
Guardian Life A+ A++ 760
John Hancock A+ A+ 739
Lincoln Financial A+ A+ 744
Mass Mutual A+ A++ 780
Metlife B- A+ 780
Mutual of Omaha A+ A+ 766
Nationwide A+ A+ 806
Pacific Life A+ A+ N/A
Principal Financial A+ A+ 774
Protective A+ A+ 742
Prudential A A+ 770
SBLI A+ A+ N/A
Transamerica A+ A+ 720

selectquoteAffordable Life Insurance Quotes

We have created a price comparison system to give busy people a practical way to select a quote from hundreds of life insurance companies.

We choose life insurance companies for our clients using a very analytical and detailed process.

  • First, your general medical history is evaluated to determine which companies best suit your individual needs and health history.
  • Then, we start the application process by having you complete a brief insurance examination that can be used with all viable life insurance companies.
  • Our in-house underwriters will analyze your medical profile to determine which companies to submit for offers.
  • Your medical profile is presented to multiple insurance carriers to determine which life insurance provider would be willing to offer the cheapest life insurance coverage.

Trending Life Insurance Reviews

  • Affordable Life USA, LLC is an independent insurance agency that sells life insurance directly to clients across the United States.

    Its founding member, Eric Van Haaften, has sold life insurance for over 33 years. Eric has been featured in renowned publications such as Time, Newsweek, Us News, and The Wall Street Journal. 

    Our team of experienced insurance agents and financial planners is dedicated to finding the right coverage for your needs and budget. 

    Start searching for the perfect life insurance policy using our online calculator. We consistently update our rates to ensure you can access competitively priced options from many highly rated life insurance companies. 

    Affordable Life USA, LLC

    Eric Van Haaften, LUTCF

       Eric Van Haaften, LUTCF

    1-877-249-1358

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    Affordable Life USA, LLC