GEICO offers life insurance products through its partner, LifeQuotes.com. LifeQuotes.com provides access to dozens of life insurance carriers which makes it easy to get a quote for term, universal or whole life insurance. With coverage from $5,000 to $25 million and terms from 5 years to 40 years, you’re sure to find a product that fits your budget and individual life insurance Geico needs.
Here’s What You Need to Know About Geico Life Insurance
With so many options to buy life insurance on your phone or tablet these days, most people wonder even if, Does Geico offer life insurance?
If you are in the market for life insurance, make sure you review GEICO’s website. The life insurance GEICO products they offer through LifeQuotes.com are some of the best companies and rates in the market.
In our GEICO Life Insurance Review, we will cover what they have to offer. We will also review the pros and cons, plus the frequently asked questions.
Pros and Cons of Geico Life Insurance
Pros
Online quoting and application process: The quoting and application process through LifeQuotes.com is offered completely online for those who know what they want in coverage and terms.
Call center representatives available: If you have questions or need help to decide which life insurance product or coverage is best for you, you can call 888-532-5433 to speak with a licensed representative who can assist you with your life insurance needs.
Choice of high quality carriers: LifeQuotes.com offers life insurance products through 29 highly rated and reputable life insurance companies, which makes it easy to find the right coverage to fit your needs and budget.
30-day free look period: When purchasing a policy through GEICO and LifeQuotes.com, you have 30 days to return the policy for a full refund if you aren’t satisfied for any reason.
Cons
High pressure marketing: If you enter your phone number or email at LifeQuotes.com, expect to receive many phone calls or emails. They encourage the agents on the other line to push the sale to complete your life insurance application so they can get the commission from the chosen life insurance company.
Just one choice for guaranteed issue: If you don’t want to answer any health questions or take a medical exam, guaranteed issue life insurance is the best choice. At LifeQuotes.com, the only option available for guaranteed issue life insurance is The Standard.
GEICO experience not expected: You can’t expect the same customer service as GEICO when they aren’t writing and issuing the life insurance policies. LifeQuotes.com is not the same as GEICO, it is a call center working to match you with a life insurance carrier based on your coverage needs.
Call center representatives vs independent agents: LifeQuotes.com is a call center, not an independent life insurance agency. The representatives goal is to move through your call and application quickly. If you’re looking for a personalized experience with help for your unique needs, GEICO Life may not be the best option.
How is Geico Life Insurance Different?
GEICO Insurance Agency, Inc. has partnered with LifeQuotes.com to offer affordable life insurance policies to fit the needs and budget of the typical American family. By partnering with multiple carriers, GEICO Life provides customers with the ability to find the right coverage and life insurance policy to protect your family’s future should the unexpected happen.
What Types of Insurance Can You Purchase from Geico
Life Insurance Products Offered through GEICO:
It’s funny, when I was asked to write this review, my first response was, ‘Does Geico have life insurance?’
Turns out they do! With some really competitive options to boot!
GEICO’s webpage states the only options are term, whole and universal life insurance, but —when filling in the quote questionnaire at LifeQuotes.com— there is an option for guaranteed issue life insurance through The Standard as well, if you qualify after filling in the questionnaire.
With these options available, most people are able to find the right type of life insurance policy to cover their needs and still fit within their budget.
Have you ever applied for Life Insurance through Geico? Whether your experience was positive or negative, we’d like to hear about it.
Share your story→
Compare rates from dozens of top-rated life insurance carriers providing term, whole and universal life insurance, right here. Call anytime with questions: 888 681-4952
What Policies Does Geico Offer
Life insurance is not offered directly through life insurance GEICO, but through LifeQuotes.com who has over 30 life insurance carriers to choose from. GEICO offers the following types of insurance, either directly or through a partner:
- Auto
- Home
- Business
- Travel
- Identity theft protection
- Pet (through Embrace)
- Jewelry (through Jewelers Mutual Insurance Group)
- Umbrella
- Overseas (through Mirascon Insurance Solutions)
A Brief History of Geico Life Insurance
GEICO was created in 1936 by husband and wife Leo and Lillian Goodwin. The name stands for Government Employees Insurance Company, which is who the target market was-government employees and enlisted military officers. Within the first year, the company had hired 12 staff members and written 3,700 policies.
Investment banker Lorimer Davidson joined in 1948, and in 1951, met with Warren Buffett, who purchased the first GEICO stock. Davidson went on to succeed Leo Goodwin when he retired in 1958. The company has since grown year over year, now with over 17 million policies in force and 28 million vehicles insured.
Life Quotes, Inc. began as Quotesmith Corporation, founded in 1984. The company owns LifeQuotes.com and consumerinsuranceguide.com, catering to self-directed insurance shoppers. Life Quotes offers life, auto, health and business insurance quotes from dozens of top-rated insurance carriers for people who don’t need or want an agent for their insurance needs.
Geico Life Insurance Products
Life insurance products offered through the GEICO and LifeQuotes.com partnership include term, whole and universal life options. Consumers can access the GEICO website for a life needs analysis calculator to determine how much coverage is needed.
You can choose from a wide range of coverage options, from 5 years to 40 years of locked-in term life insurance coverage. For those needing coverage for permanent needs, like final expenses or leaving a legacy for future generations, there are a number of carriers offering permanent whole or universal life insurance options.
Coverage amounts vary by carrier, but you can choose from $5,000 all the way to $25 million when submitting a quote at LifeQuotes.com.
When you click the “Start Quote” button on the GEICO website, you will be taken to the LifeQuotes.com website. LifeQuotes.com, is NOT owned by GEICO Life Insurance Agency, Inc. By outsourcing their customer’s to LifeQuotes.com, GEICO writes life Insurance coverage through non-affiliated insurance companies. However, the policies are secured by the GEICO Insurance Agency, Inc.
Who is LIFEQUOTES.COM?
- Rated A+ by the BBB since 1997
- Named a “100 Most useful website” – MSN Money
- Past Winner: Forbes’ “Best of the Web” – Forbes
- Twice Ranked #1 life insurance website – Kiplinger’s
According to their website:
“LifeQuotes.com provides access to comparative quotes for auto, life, health and business insurance quotes. They are dedicated to providing impartial insurance information. Visitors to their website can obtain instant quotes form dozens of leading insurance companies, achieve maximum savings and have the freedom to buy from any company shown. Life Quotes provides personal insurance brokerage and policy placement services for its customers. LifeQuotes generates revenues from the receipt of commissions and fees paid by insurers based upon the volume of business produced and also generates revenues from the sale of website traffic and insurance leads to agent and brokers.”
What is Ladder? A Quick Review:
As an insurtech startup, Ladder’s Direct-to-Consumer (D2C) Platform launched in 2017. Ladder is NOT a life insurance company. They are a licensed producer and third party administrator. Founded in 2015, Ladder has developed an online platform that allows you to apply for Term Life Insurance, with the possibility of getting instant approval. Ladder distributes term life insurance products issued by multiple insurers.
Geico Insurance Coverage Details and Guidelines
- Level premiums –
The rate never changes until the term expires or you stop paying the premium for whole or universal life insurance. - Paperless processing –
If you know what you want, you can get a quote and fill out the application online, with some carriers providing an instant decision on coverage. - Renewability –
Continue to renew the policy annually once the term expires.
WHO ISSUES THEIR POLICIES?
The life insurance policies by GEICO Life Insurance and LifeQuotes.com are written through the non-affiliated insurance companies with varying issuers. The policies are secured through GEICO Insurance Agency, Inc.
HOW DO I GET AN ONLINE QUOTE?
If you click on the GEICO website page for life insurance, you’ll be routed to LifeQuotes.com. On the front page, click on “View Instant Quotes” to begin the online quote.
You must provide your:
- Birth date
- Gender
- Height
- Weight
- If you’ve used tobacco, nicotine, marijuana, vape, e-cigarette or tobacco substitutes within the last 5 years
- Are you employed 20 or more hours per week
- Occupation
- Annual income range
You will also be asked to check any of the following that apply:
- Receiving disability payments or government assistance
- Not a U.S. citizen
- Participate in hazardous sports or occupations
- Receiving 3 or more moving violations or convictions for DUI in the last 5 years
- Parents or siblings diagnosed with or died from cardiovascular, heart or coronary artery disease, stroke or cancer before age 60
- Bad credit issues in the last 5 years
- Planning to travel to a country rated 3 or 4 on the state department’s travel advisory list
- Have a criminal conviction or law enforcement infractions
- Rated up or declined for life insurance in the past
- Have medical test or procedures recommended but not completed
Once completed, click on “View Quotes” and you will be provided with coverage and carrier options available based on your answers to the questionnaire.
HOW DO I GET A LOW RATE?
To get a low rate, you should meet the criteria to be in the healthiest underwriting class:
- Be very healthy with no major medical issues.
- Live a clean and active lifestyle.
- Not have a history of cancer or heart disease in your immediate family.
- Meet any other underwriting criteria for the best underwriting class.
Even if you don’t qualify for the best underwriting class, you can still apply for coverage to see if you qualify for a low rate in other underwriting classes.
Who is Geico Life For?
To get the most affordable term, whole or universal life insurance rates, the applicant should be a U.S. citizen between the ages of 18 and 50 in good or better health.
WHO IS THE IDEAL GEICO LIFE APPLICANT?
The ideal life insurance GEICO customer is someone who is under 45 years of age and in excellent health. However, anyone can apply and have still have a shot of getting the best available prices.
WHAT IF I’M NOT PERFECTLY HEALTHY?
Though you might not get the best rates and coverage options available, you should still apply for life insurance coverage if you need it. Even if you’re not perfectly healthy, carriers offered through GEICO Life and LifeQuotes.com still offer competitive rates for life insurance policies.
Have you ever applied for Life Insurance through Geico? Whether your experience was positive or negative, we’d like to hear about it.
Share your story→
Compare rates from dozens of top-rated life insurance carriers providing term, whole and universal life insurance, right here. Call anytime with questions: 888 681-4952
How Do I Apply for Geico Life Insurance?
Many of the carriers offered don’t sell directly to consumers, so applying through GEICO and LifeQuotes.com is one way to get life insurance coverage.
Signing Up for a Geico Life Insurance Policy
You can sign up through LifeQuotes.com or other life insurance quoting sites offering the same carrier options.
Below is the complete list of “non-affiliated” insurance companies listed on the life insurance GEICO website.
- American Continental Insurance Company
- American General Life
- American National Life Insurance Company of New York
- Assurity Life Insurance Company
- Banner Life Insurance Company
- Centrian Life Insurance
- EMC National Life
- Fidelity Life Association
- First United American Life Insurance Company
- Genworth Life and Annuity Insurance Company
- Gerber Life Insurance Company
- Globe Life and Accident Insurance Company
- GPM Life
- Independent Order of Foresters
- John Hancock Life Insurance Company (USA)
- Lafayette Life Insurance Company
- Life Insurance Company of the Southwest
- Lincoln Life and Annuity of New York
- Lincoln National Life Insurance Company
- MetLife Insurance Company USA
- Metropolitan Life Insurance Company
- Minnesota Life Insurance Company
- Mutual of Omaha
- National Guardian Life Insurance Company
- National Western Life Insurance Company
- North American Company of Life and Health Insurance
- Pacific Life Insurance Company
- Protective Life Insurance Company
- Pruco Life Insurance Company
- Pruco Life of New Jersey
- Kemper Corporation / Reserve National
- Relastar Life Insurance Company / Voya
- Sagicor Life Insurance Company
- Savings Bank Life Insurance Company of Massachusetts
- Securian Life Insurance Company
- Starmount Life Insurance Company
- Symetra Life Insurancea Company
- Transamerica Financial Life Insurance Company
- Transamerica Life Insurance Company
- United American Insurance Company
- United Farm Family Life Insurance Company
- United Home Life Insurance Company
- United of Omaha
- United State Life
- Vanits Life Insurance Company
- Vanits Life Insurance Company of New York
- William Penn Life Insurance Company of New York
How Does The Application Process Work?
Once you choose a life insurance policy and carrier, you then have to create an account with LifeQuotes.com and provide your:
- Full name
- Street address
- Phone number
- Email address
You are then taken through the application process, which is different based on the carrier and life insurance product you choose.
Geico Life Financial Strength and BBB Ratings
GEICO is a wholly owned subsidiary of Berkshire Hathaway, Inc., with over $32 billion in assets. It has an A++ score from A.M. Best and AA+ from Standard & Poor’s, both top ratings for financial strength.
Both GEICO and LifeQuotes.com have an A+ rating with the BBB.
Geico Life Insurance Reviews and Complaints
GEICO Life Insurance reviews show a 4 out of 5 stars based on 240 ratings on consumeraffairs.com. It has a 1.15 out of 5 star reviews on BBB with 474 customer reviews, but most pertain to auto insurance coverage.
LifeQuotes.com has a 1 out of 5 stars rating on BBB with 4 customer reviews and 2 complaints closed in the last 3 years. It has 4.64 out of 5 stars from 93.824 customer reviews on its own website.
GEICO is now also working with Ladder…
Frequently Asked Questions About Geico Life
Does the companies LifeQuotes.com represent cover COVID-19 related deaths?
Yes. Life insurance covers death by all causes that are not explicitly excluded in the policy. COVID-19 is not explicitly excluded in the policy therefore they would not deny a claim for that reason alone.
Why should I buy GEICO Life Insurance sold through LifeQuotes.com?
Experience – With an A+ rating with the Better Business Bureau (BBB) for over 10 years, Insure.com has over 32 years of experience, 90 insurance professionals, and has made over 330,000 sales.
Is LifeQuotes.com a good / legit company?
Yes. With almost 85,000 reviews listed on their website, almost all are positive. They have a 4.63 rating out of 5 for customer satisfaction. They represent the best life insurance companies at the best price available.
What companies does LifeQuotes.com represent?
Representing 50 leading life insurance companies will help ensure you get the lowest cost on your life insurance. Some of the top leading carries they represent are: American General Life (AIG), Banner Life, Gerber Life, John Hancock, Mutual of Omaha, Pacific Mutual, Protective Life, Prudential Life, Transamerica, and many more!
What information will I need to provide if I want to get a quote?
Just general information is all you need to get a quote. You will be asked top provide your height, weight, and age as well as questions regarding smoking, health and lifestyle.
Will I have to give my social security number?
Not to get a quote but you will if you choose to apply for the insurance. The life insurance company you apply to will use your social security number to verify your identity. They will also run a credit check and other types of data reporting during the underwriting process.
What if I don’t want to enter my personal information on their website?
You can call LifeQuotes.com and complete the life insurance application over the phone with one of their licensed agents.
Are life insurance riders available on the policies that LifeQuotes.com sells?
Yes. There are a wide variety of life insurance riders available, including living benefits.
What is life expectancy?
Life expectancy is the statistical expectation of how long someone will live at birth based on a number of factors such as socioeconomics, demographic, geographic, thermographic, stenographic, idiographic, and historiographics.
The Bottom Line
GEICO offers life insurance products through its partner, Life Quotes, Inc. There —just like here— consumers have access to dozens of top-rated life insurance carriers providing term, whole and universal life insurance.
Choose from $5,000 up to $25 million in coverage using a simple and fast quoting system.
Answer a few questions to be provided with all the available carriers offering life insurance products to fit your needs and budget.
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