In this review, we’ll explore “the cost of convenience” and whether or not Leap Life can actually protect you from paying too much for your Life Insurance using Artificial Intelligence (AI).

Are they algorithmically matching you with the best option for YOU or the best option for themselves?

What is Leap Life Insurance?

Leap Life was founded in 2017. It is another example of an “insurtech” life insurance brokerage agency using artificial intelligence (Policy Matching AI) technology to compare your health, habits, and hobbies against life insurance company underwriting guidelines in order to match you with the best possible policy from a company that they represent.

Have you had first-hand experience with Leap Life? Whether it was positive or negative, we’d like to hear about it. Share your story!

How is Leap Life Insurance Different?

(at least, according to their advertising claims)

Leap Life promotes that they use leading data science, deep underwriting knowledge, and proprietary technology to match you to the perfect policy at the best life insurance company based on your needs, health history, and financial situation.

According to their social media advertising, Leap Life will “protect you from overpaying for your life insurance”.

Their research shows that:

80% of Americans can pay 50 to 300% more, for their life insurance, if they pick the wrong company. And that picking the wrong policy could cost you as much as $50,000 more for your life insurance out of pocket.

Leap Life also promises to charge no fees, make your experience hassle free, and provide a 30 day money back guarantee.

Which Life Insurance Companies Does Leap Life Offer?

AIG
Assurity Life
Fidelity Life
Legal & General (Banner Life)
Lincoln Financial
Mutual Of Omaha
Pacific Life
Principal Life
Protective Life
Prudential Life
Transamerica
SBLI

What Types of Life Insurance Can I buy from Leap Life?

You have a lot of choices when it comes to which type of life insurance to buy from Leap Life, because of all the top life insurance companies they represent. Some of the most common types are…

In addition, each of theses carriers offer additional life insurance riders. Some even offer living benefits in case you become terminally or chronically ill.

Leap Life Insurance Application Requirements

What Information Is Required to Get To Get A Quote From Leap Life?

Date of birth
Gender
Height & Weight
Do you use any nicotine products?
State of residence
Who will be the policyholder for this Leaplife insurance? Yourself or Someone Else?
Are you a US Citizen or green card holder? Yes or No
Have you ever had? Cancer, HIV/AIDS, Chronic Pulmonary Disease, Kidney Disease, Bipolar Disorder, Multiple Sclerosis (MS), Heart Disease, Parkinson’s Disease, Cirrhosis of the Liver, or Stroke.
Have you ever had a DUI or reckless driving charge?
Have you ever filed for bankruptcy?
Do you have any bills in collection or tax liens?
Do you have a prior felony conviction?
Are you currently taking prescription medication?
Do you participate in skydiving, private aviation, rock climbing, car racing?

One nice feature Leap Life offers is their LeapLife needs calculator that helps you determine how much life insurance you may need.

Tough Questions About Leap Life

Does Leap Life’s lnsurance leading data science, deep underwriting knowledge, and proprietary policy matching technology really match you to the perfect policy from the best life insurance company based on your needs, health history, financial situation and life expectancy?

NO. NOT IN AN UNBIASED WAY!

If you answer all the questions “NO” you will be presented with Assurity Life as the best choice.

The advantage is you might be able to get approved for this Assurity policy in minutes without a medical exam.

The disadvantage is the top returned resulting Assurity policy that they are pushing “as best choice” is very expensive compared to a fully underwritten policy from other leading companies.

If you answer any of the questions “YES”, you will be required to provide full details to the yes answers.

Depending on your detailed answers —your age, health, habits, and hobbies— you may NOT be able to purchase an Assurity Life policy right on the spot.

You will be given quotes from one of the other nine companies Leap Life represents and the option to “Request A Call” from one of their licensed agents.

There is a possibility you might not qualify for life insurance with any of the nine companies LeapLife Insurance represents.

In this case, you will be offered the option to buy Accidental Death policy from United of Omaha.

You can buy and own an Accidental Death policy immediately, without any underwriting; but it will only pay if the cause of your death is listed as accidental on your death certificate.

Leap Life Insurance – Cost vs Convenience

Can Leap Life Insurance really protect you from paying too much for your life insurance?

Take a look at how much extra Leap Life’s #1 recommendation costs when a sample quote for a male, non-smoker, DOB 4/9/1978, in perfect health and answered “NO” to all the questions for a $500,000 20 Year Term Life Insurance Policy

Non-medical exam – Assurity Life = $55.25/month VS Medical exam – Protective Life = $32.31/month

THAT’S A COST DIFFERENCE OF $22.94/MONTH x 12 MONTHS x 20 YEARS = $5,505.60!!!! So why is it recommended as your best option?

BEWARE!! EASE & CONVENIENCE WILL COST YOU $$$THOUSANDS$$$ OF EXTRA DOLLARS FOR YOUR LIFE INSURANCE. TAKE THE TIME TO COMPARE RATES AND GET YOUR BEST PRICE!

Leap Life claims appear to be unbiased on the surface, BUT they recommend an easy to buy, non-medical life insurance policy that costs thousands more as the #1 recommendation for the sample quote above.

If you are healthy, why would you not take a FREE check up exam given at the convenience of your own home and save yourself $5,505.60!

GET A FREE INSTANT LIFE INSURANCE QUOTE

Compare Rates from Top Companies

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888-681-4952

We do what’s right for you. Not what’s right just to make the sale. We simply want to help you make an informed decision.
Chris Lalor

Yes – Leap Life Does Offer Convenience

Amazingly, it seems some people will pay this extra money because they don’t “feel like” taking a medical exam.

Let’s be honest, the same people who don’t want to take a medical exam when they purchase life insurance would happily drive 300 miles out of their way if they could save $5,505.60 when buying a new car!

Taking a medical exam is NOT a big deal. It takes about a 30 minutes, it’s free; and it is done in the convenience of your own home.

Leap Life would prefer you opt for “convenience OVER price” and just buy the non-medical policy they match you with. Because it means less administrative work for them, it is less hassle to get you approved. Also, the faster you get approved and commit to buying the policy, the faster Leap Life gets paid commission on the sale.

Without providing any supporting details to back their statistics, Leap Life claims their own research shows that 80% of Americans pay 50 to 300% more for their life insurance if they choose the wrong carrier. They claim buying the wrong policy could cost you as much as $50,000 more —out of pocket— for your life insurance.

WOW!! That would be incredible— if true!

Chances are, if you have been shopping around for life insurance, you’ve found the majority of life insurance brokerage websites represent the EXACT SAME companies, at the EXACT SAME fixed prices.

The fact is life insurance prices are fixed and no life insurance broker or agency can get you a better price than the next.

You can get Assurity Life, Lincoln Financial, AIG, Prudential, etc., through ANY life insurance brokerage website and the price will be exactly the SAME.

Therefore it would be very unlikely that 80% of Americans will pay 50 to 300% more for their life insurance.

Is Leap Life Really Hassle Free?

If you are healthy and choose to overpay for a more expensive non-medical life insurance policy —simply because you don’t want to take a medical exam— then, yes! Leap Life is hassle free.

You can buy this type of policy right on their website in about 10 minutes. If you don’t qualify, or choose to save money by purchasing a fully underwritten policy; YOU WILL have to speak to an agent: same as everywhere else you would go to buy.

What About Leap Life’s 30 Day Return Policy?

By law, life insurance companies have to offer a “free look” period to allow you time to fully examine your policy risk free.

During this free look period, you can cancel it without penalties and receive a full refund of all premiums paid if you are not happy with your policy. Long story short, Leap Life’s 30 day “return policy” is NOT UNIQUE. It is just the free look provisions of the life insurance policy packaged as a “sales guarantee” provided by Leap Life.

Have you had first-hand experience with Leap Life? Whether it was positive or negative, we’d like to hear about it. Share your story!

The Bottom Line?

Is the cost of convenience worth it?

There are better products, at better prices. Even including some no medical exam policies.

It’s hard not to wonder:
Are they algorithmically MATCHING YOU with YOUR BEST OPTION… OR with THEIRS???

Leap Life’s site and quoting tools may look ‘new and different’, but —the plain and simple truth is— they represent the same life insurance companies, at the same fixed prices, as on this and other leading life insurance brokerage sites.

Life Insurance is NOT a ONE-SIZE-FITS-ALL product. We can help you get quotes from multiple carriers that may be better suited to your specific goals and unique needs… and YOUR BUDGET!

It is always wise to speak with an experienced independent life insurance broker —who represents all the top life insurance companies and has years of experience— over a fancy automated tool that uses artificial intelligence to *ALGORITHMICALLY MATCH YOU* with an expensive non-medical policy, as your best option.