Everyday Life
Author: Kaitlyn Short
Everyday Life is a life insurance tech company that helps people save money on life insurance. The company's algorithm makes policy recommendations to visitors based on their answers to a few questions, and then recommends policies that change over time as your needs change. Buying a policy that lowers over time can help you save on premiums as your coverage needs decrease.
Everyday Life has partnerships with DCU FinTech, Legal & General, Global Insurance Accelerator, and VillageCapital. Legal & General underwrites policies purchased through Everyday Life. It is a reputable life insurer and has received high financial strength ratings.
The Good
- Personalized Policy Recommendations
- Simple Online Process
- Policies Change Over Time
- Clear Privacy Policy
Personalized Policy Recommendations
Everyday Life offers personalized life insurance policy recommendations based on your needs. Once you complete a brief questionnaire online, Everyday Life's algorithm processes the information to make data-driven recommendations with an estimate on the policy.
Simple Online Process
Everyday Life allows you to apply for life insurance online. First, you answer a few questions to receive personalized recommendations. Once you select the policy you want, you'll answer a few more questions to get a more accurate quote on monthly premiums.
The last step is setting up a phone call with an underwriter to complete your application. Underwriters help insurers assess the risk of insuring people. The level of risk affects your approval for a policy and the premium amounts. In some cases, you may be required to have a medical exam to complete underwriting.
Policies Change Over Time
Everyday Life policies are programmed to change overtime as your coverage needs change. This change over time means that you can save money on life insurance as your needs decline over time. These Predictive ProtectionTM policies are what make Everyday Life stand out from other insurers.
Clear Privacy Policy
Everyday Life also has a clear privacy policy. You can be confident when purchasing life insurance through Everyday Life because it only shares your information as necessary on a need-to-know basis. In other words, your information is only shared with the insurer you request. You don't have to worry about sales calls from many life insurance sales people.
You can also request Everyday Life delete your information. Limitations to getting your information deleted include requirements by law, your life insurance carrier, and insurance regulators.
The Bad
- Limited Information on Life Insurance Policies Available
Limited Information on Life Insurance Policies Available
The advantage of working with Everyday Life is getting a policy tailored to your needs that adjusts over time. However, if you're interested in more traditional policies that do not change, you may be better served looking at other companies.
The Bottom Line
Everyday Life is a great company to work with. It offers personalized policy recommendations and a simple online application process. Everyday Life is partnered with Legal & General, which is a financially strong insurer. Financial strength indicates a life insurance company's ability to meet claims obligations.
Buying life insurance through Everyday Life can help you save money because its policies change over time. As your life insurance needs decrease, so does your policy. These changes mean that you can spend less on life insurance premiums over time instead of maintaining the same level of coverage.
Another positive aspect of working with Everyday Life is its clear privacy policy. Personal information you share with Everyday Life is only shared with others on a need-to-know basis. You can also request your information be deleted in accordance with state and federal laws and requirements of your life insurance company and insurance regulators.
If you're looking for a life insurance policy that will adjust as your needs change, Everyday Life is a great company to work with.
