SelectQuote – Life Insurance – Application Process

In this review, we’ll describe the steps involved in the SelectQuote “Application Process”… which is only valuable, if you choose to get that far!

Please, bare in mind; we do NOT recommend SelectQuote! In fact, it’s quite the opposite. Check out our full SelectQuote Life Insurance Review to learn more. SelectQuote represents excellent Life Insurance Companies, BUT they have NO unique offering or specialty that sets them apart —in any way!— from any other online life insurance agency or quoting site. SelectQuote Life Insurance does NOT (can NOT!) save you more $$$ than an Independent Broker can. We encourage you to shop around!

DIFFERENT WAYS TO GET THE SAME RESULT!

The Quote:

• SelectQuote gives no instant life insurance quote on their website.  You will receive quotes via email and mail once you enter your information.
• Choose your life insurance company
• SelectQuote represents excellent life insurance companies.   The companies they represent are NOT unique to SelectQuote.  Always consult the companies underwriting guidelines before you proceed.

The Check Up / Medical Exam:

• SelectQuote will send a licensed paramedic to complete the life insurance exam.  The examiner will take your height, weight, blood pressure, blood sample and urine sample and possibly a resting EKG if you are applying for a higher amount of coverage.  The examiner will also ask questions about your health history and collect the name, address and phone number of your doctors.  You can get a copy of this exam.  This process is the same for most all life insurance companies.

The Underwriting Results:

• The life insurance company will make their final decision about your insurability and the exact cost of your coverage based on your exam results and other collected information.  The actual cost may be the same, higher or lower than the original quote.  For more information about how the price is calculated, see:  3 VARIABLES THAT DETERMINE THE EXACT COST OF YOUR LIFE INSURANCE

Start Your Coverage:

• Once approved, you will receive the life insurance policy or email depending on the company.  You will have to sign some delivery forms and write a check for the policy.  If you change your mind, you have up to 30 days to return your policy for a full refund (IF you live in certain states).

SHAME ON SUZE ORMAN FOR ONLY RECOMMENDING 1 OPTION!

WHY SUZE WHY?? Did you know that Suze Orman *ONLY* recommends SelectQuote when shopping online for life insurance?  She endorses SelectQuote on her television show, as well as in other media and print advertising.  It is not known how much she gets paid by SelectQuote.

Christopher (Chris) Lalor, Life Insurance Shopping Reviews

WAS SUZE ORMAN UNBIASED IN RECOMMENDING SELECTQUOTE AS “THE BEST”?

• Definitely not! Suze Orman recommends SelectQuote as “the best online life insurance agency”, DESPITE the fact you can get the same products and prices at other online life insurance agencies.  
• A few other online life insurance agencies also represent some companies that SelectQuote does not.  Some of these companies actually offer better prices.  Always review the companies underwriting guidelines before you buy!
• SelectQuote is the biggest life insurance agency.  A “life insurance sales call center” of sorts.  We all know, “the biggest” is not necessarily “the best”— particularly when it comes to customer service.

Here’s Why We Recommend You Do NOT Buy Your Life Insurance From SelectQuote!

• Life insurance prices are the same no matter what life insurance agency you buy your life insurance from as long as the 3 variables are the same.
• Some life insurance agencies will call you 3x / day and keep sending you follow up emails for years to come.
• The approach and service you receive from the life insurance agency will make the difference of whether you have a pleasant experience buying your life insurance or not.

Have you had first-hand experience with SelectQuote Life Insurance?

Whether your experience was positive OR negative, we want to hear about it—

Share Your Story

Bad Experience with SelectQuote? You Are Not Alone!

SelectQuote Life Insurance Does Not (Can Not!) Save You More $$$ Than an Independent Agent Can. Here’s our story. We want to hear yours!

The following is an excerpt from our full review of SelectQuote Life Insurance – Specifically the “Online Quoting Process” that occurs prior to completing the Application Process described above.

SelectQuote’s Online Quoting Process

If you try to get an online life insurance quote from SelectQuote, it is quite the process and —in the end— they don’t actually show you any quotes!

We recently went through the process and found they ask detailed questions about:

• Age, gender, height & weight
• Family history of disease
• Health questions such as blood pressure and cholesterol
• and many more…

It took about 8-10 minutes. It was pretty in depth!

An agent had to call to complete my quote and while he was polite and knowledgeable, he proceeded to ask me every single question I had already filled out in the online form. You can see the video below.

I think what bothered me about this whole process was how SelectQuote asks you several questions on their website and still doesn’t show you a quote.

I expected they’d show me at least a ballpark quote after all that time spent.  

Instead, once you’re done, they show a message saying “Your quote is being processed” and tell you you’ll need to “answer your phone to complete your free quote.”

And then the SQ rep asks all the same questions all over again!

I liked the agent, but I definitely felt like they wasted quite a bit of my time.

SelectQuote Life Insurance Does Not (Can Not!) Save You More $$$ Than an Independent Agent Can

SelectQuote Life Insurance can not offer lower premiums.  
Your exact life insurance price will depend on 3 Variables.

1. The amount of the policy
2. When does the policy expire
3. What health class you are approved at

The price of life insurance is fixed by insurance companies based on these 3 variables.  This means a 20 year term life insurance policy with Prudential is the same price at SelectQuote as it is on this and all other life insurance websites.

The Bottom Line?