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.
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.
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.
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.
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 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.