LeapLife Insurance Review

LeapLife Insurance is a search engine for finding personalized life insurance quotes from a range of top-rated insurance carriers. In less than sixty seconds, LeapLife can hook you up with an insurance carrier that will provide you with everything you need in insurance. 

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Our Partner

Life Insurance

AT A GLANCE

  • A rated insurers
  • Customized policies
  • Low cost policy options
  • Outstanding customer reviews
Overall Rating
4/5
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Key Takeaways

  • Efficient and effective life insurance search engine for most consumers.
  • 15 top-rated insurance agencies to choose from.
  • Find the right insurance plan in only minutes. 
  • Wide array of policy types and levels. 

Pros & Cons

Pros

  • 15 different carriers
  • A rated insurers
  • Quotes within 60 seconds
  • Medical exams are optional for many carriers

Cons

  • Process is not as convenient for more expensive policies.
  • Depending on the policy, you may have to talk with a live agent to complete the application process.

Finding the right life insurance provider for you can be a strenuous endeavor without proper guidance. Luckily, there are several tools online that make finding your ideal insurance provider a simple minutes-long process.

Going through an online broker is the best way to save yourself time and money when trying to find your ideal provider. But which online broker shines the most‌ among them all? 

Today, we’ll be looking at LeapLife, a life insurance broker that cuts unnecessary corners in the application process. However, they make no sacrifice in quality while doing so. 

LeapLife offers only the highest-rated life insurance carriers on the market, so you can be sure you’re getting quality coverage at a great deal.

Leaplife icon

Quick Summary

Service: Term Life Insurance

Pricing: Depends on policy

Promotion: No current promotions

About LeapLife Insurance

Before delving into the specifics of LeapLife, we should clarify that it’s not exactly an ‘insurer’. This website acts as a middleman for various top-rated life insurance agencies and helps to find customers the right policy for their specific needs.

Since its founding in 2016, LeapLife has sought to provide affordable access to insurance for people regardless of age, health status, or credit standing.

Alongside this, they offer what is likely the fastest process for finding personalized life insurance quotes.  The application form is a simple questionnaire about your health, nicotine use, physical characteristics, and other factors.

It shouldn’t take more than a minute to complete.  Upon filling out the initial application, you’ll receive a list displaying the best and most affordable options at the top.

Quotes can ‌range from around $15 to over $100 a month. This all depends on the insurance company and the quality of the coverage. 

For example, I ran my information through the form and matched with Legal and General, with their basic plan running at just over $35 a month.

Their essential and elite plans were $63 and $116 a month, respectively.  As a nicotine user with no current health issues, my rates were a fair bit higher than a non-nicotine user.

The price will go up even further for those in a bad state of health.  LeapLife only offers term life insurance, the most popular choice among consumers. 

Term life insurance quotes are fairly straightforward; you pick a policy term limit. If you pass away within that period, they will reimburse your family.

Term limits are typically between 5 and 30 years, and you’ll have to pay a fee each month to keep your policy. The amount you’ll pay depends on the tier level of your coverage and the quality of the policy.

Policies

The three standard tiers for life insurance quotes indicate the amount of reimbursement beneficiaries of the policyholder receive upon death. 

These amounts can range from $100,000 to $5,000,000, depending on the quality and cost of the insurance policy. Typically, around $250,000 is the reimbursement amount for the most basic plans.

$1,000,000 and higher is the reimbursement level for the highest tier.  These tiers vary between providers. Some of LeapLife’s agencies, like AIG, Lincoln, and Prudential, can cover a lifetime policy with reimbursement of up to five million dollars.

Companies like Legal & General, Transamerica, SBLI, and Pacific Life offer more standardized life insurance policies (~20 years term limit) with values typically around or below a million dollars. 

Some of these providers ‌require a medical examination before approval, typical for more expensive plans. Most standard quotes don’t require medical information, however. 

If you are unsure which policy is the correct fit for you, you can always speak with a LeapLife agent over the phone and work through the application process.

You may need this for a more expensive plan, as they collect a lot of personal information.  Even with these additional requirements, it still shouldn’t take you more than ten minutes to find the right life insurance policy for you. 

Who is LeapLife Best For?

If you’re looking at LeapLife for business purposes, it’s best for insurance companies looking to extend their services. Its advanced search algorithms allow customers to match with an insurance agency specific to their needs and discover their various rates and policies. 

Considering LeapLife still has relatively little variety in its range of carriers, they have the potential to grow. If you’re a life insurance agency looking to extend your customer outreach, investing in this platform can achieve that goal.

If you’re a customer who finds the life insurance search overwhelming or if you want a quick, easy list of options, LeapLife can help. 

Their search engines will give you the best rates and policies based on your information.

LeapLife Alternatives

Policygenius
Policygenius logo
  • Offering: Insurance quotes
  • Rates: Varies based on policy
  • Promotion: No current promotions
Haven Life
Haven Life logo
  • Offering: Term Life
  • Rates: as low as $8 per month
  • Promotion: No current promotions
Fabric
Fabric insurance logo
  • Offering: Term Life
  • Rates: as low as $10 per month
  • Promotion: No current promotions

Should You Use LeapLife Insurance?

If you’re a customer looking for cheap, quality, exam-free life insurance coverage that you can find quickly, LeapLife could be a perfect fit. 

Other online life insurance brokers offer a wider range of carriers, which is good to keep in mind when deciding whether or not to use LeapLife. 

LeapLife’s process also becomes a bit lengthier and more complicated with the more expensive policies. It will probably take you the same amount of time it would take for most other online applications.

The process will be a breeze if you’re a low to middle-class customer.

LeapLife Insurance

LeapLife provides a life insurance policy perfectly fit to your needs, health history, and financial situation.

Leaplife icon

FAQ's

Still not convinced? Check out these questions from customers just like you!

Is LeapLife a legitimate insurance provider?

LeapLife collaborates with well-known and highly rated insurance agencies, all of whom rate the platform highly in response. LeapLife itself is not an insurance provider, however.

They are a broker, which means they simply connect customers to legitimate insurance companies.

How long does it take to get coverage?

Getting your life insurance policy can take as little as sixty seconds or up to thirty minutes, depending on the price of your coverage and the informational requirements.

How does LeapLife work?

LeapLife works by doing most of the heavy lifting when searching for the best insurance policy specific to your needs. Its advanced search algorithm and quick application process make this app especially useful for anyone without prior knowledge of life insurance.

How does LeapLife keep my personal data safe?

LeapLife keeps your personal data safe using government-tier encryption across its entire platform. However, they state that third parties may anonymously collect information from their website, so there’s always the risk of spam emails. 

If you are looking for a simple, speedy way to get life insurance, LeapLife can help you find the perfect quote in just a few minutes. Their secure platform makes the life insurance search less of a hassle for you.

  • Editor Rating
  • Rated 4 stars
  • 80%

  • LeapLife Insurance
  • Reviewed by:
  • Published on:
  • Last modified: July 31, 2022


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