Sproutt Insurance Review

Sproutt Insurance uses unique tools to match eligible adults seeking life insurance coverage from the best insurance providers. You can apply for life insurance and get approved online without a medical exam in under a few minutes.

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Life insurance

AT A GLANCE

  • Coverage in 10 minutes or less
  • Personalized quotes
  • Low policy rates
  • 1,00o's of customer reviews
Overall Rating
4/5
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Key Takeaways

  • Uses a QL index score to match customers to their suitable life insurance products.
  • Application and approval are online.
  • Coverage ranges from $50,000 to $5 million.
  • A medical exam is not required when applying for life insurance.

Pros & Cons

Here are some pros and cons of Sproutt insurance.

Pros

  • No medical exam for life insurance
  • Live customer support
  • Wide selection of policies
  • Get covered in 10 minutes or less

Cons

  • No face-to-face conversations
  • Not a good choice for unhealthy adults on a budget

Life insurance is a vital investment, especially if you’re married and starting a family. But what’s the point of adding another bill to your already overwhelming monthly expenses when you are still young and healthy?

While it might sound like a financial stretch, life insurance can cover your family from financial burden when you pass away. It’s one of the ways to leave your loved ones with a safety net.

So, how should you get started? Which is the best life insurance company that best suits your needs and preferences? This is where Sproutt comes in. Sproutt saves you time and confusion when finding a suitable life insurance company.

In this Sproutt review, I’ll take you through what the company offers and whether or not it’s your go-to life insurance platform.

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Quick Summary

Insurance Types: Term, Whole Life, Disability

Rates: Depends on policy

Promotion: No current promotions

About Sproutt Insurance

Sproutt Insurance is an online life insurance broker with an easy-to-use marketplace for matching you with a suitable life insurance provider. 

The company was founded in 2018 to provide fast and straightforward issuance of life insurance to healthy young adults based on their lifestyle choices.

Sproutt’s official headquarters are in Hartford, Connecticut, but it operates in New York City.  The company relies on personal information to match you with an insurance vendor and policy.

It uses a Quality of Life Index (QLI) to assess your unique lifestyle and offers recommendations for a healthy lifestyle. Sproutt takes pride in its five pillars of QLI meant to inspire people to live healthy and happy lives.

These five pillars are movement, emotional health, sleep, nutrition, and balance.  This insurance broker offers a variety of insurance policies, including:

  • Term life insurance
  • Whole life insurance
  • No-exam life insurance
  • Universal life insurance
  • Critical Illness Insurance

Sproutt doesn’t issue or underwrite life insurance policies. It’s an independent life insurance agency that works with reputable life insurance companies like AIG Insurance Company, Principal, SBLI, Zurich Insurance, Sagicor Life, North American Company, and more.

Policies

Sproutt offers a variety of life insurance policies through its reputable insurance companies. These policies include:

Term Life Insurance

Term life insurance provides insurance coverage for a specific period. It’s an ideal option for young parents with huge expenses such as schooling their kids and paying their mortgage.

Term life insurance expires at some point, but you can extend it, convert it to permanent life insurance, or terminate it.  With Sproutt’s term life insurance, your coverage runs for 10, 20, or 30 years, depending on what suits your needs.

The application is online, and approval is within minutes. Term life insurance is a good choice for individuals on a tight budget because it’s less expensive.

Whole Life Insurance

Whole life insurance (permanent life insurance) from Sproutt offers lifetime protection. You should keep paying monthly premiums for the policy to remain active.

After passing away, the insurance company pays the benefit to your beneficiaries.  Whole life insurance can come in handy when facing tough financial challenges.

Access your cash if you need to fix a financial problem or supplement your retirement benefits.  Unlike term life insurance, Sproutt’s permanent life insurance premiums are relatively higher, thus not the best option for people on a tight budget.

No-exam Life Insurance

Do you hate the lengthy process of medical exams when applying for life insurance coverage? Sproutt’s no-exam life insurance ensures more convenient coverage since you don’t have to go through a medical exam.

While this policy doesn’t require a medical exam, it’s not meant to hide illnesses. Sproutt understands that some people lead busy lives and don’t have the time for lengthy and tedious medical exam processes.

Universal Life Insurance

With universal life insurance, you’re not locked into paying fixed premiums or limits for your coverage policies. You can use the policy to build cash value and earn interest.

Alternatively, use the policy to borrow money against it or cover your premiums.

Guaranteed Life Insurance

If you’re unsure about qualifying for life insurance, guaranteed life insurance has got you covered. With this policy, you’re assured of qualifying for coverage despite your current health status.

After applying for guaranteed life insurance, approval is guaranteed, but it comes with a waiting period and might be expensive.

Critical Illness Insurance

Sproutt’s critical illness insurance covers you if you’re diagnosed with acute or chronic illnesses such as cancer, stroke, or heart attack. This policy is like a backup plan to your traditional health insurance, but it has more offers.

The policy will pay you lump-sum cash to cater for anything you want.

Who is Sproutt Best for?

This Sproutt review section will help determine if the company is best for you.  I love Sproutt for its ability to connect young individuals with affordable life insurance policies

You can protect your family financially even after death.  If you lead a busy life and desire instant coverage without medical exams, Sproutt can be your best choice.

Fill out Sproutt’s online application form and wait for approval in minutes.  It’s also ideal for people interested in improving their lifestyles.

The company’s QLI assesses your lifestyle and guides you on how to live a healthy and happy life. However, some of its policies might not be suitable for unhealthy people.

Sproutt 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 Sproutt Insurance?

As I mentioned earlier, Sproutt insurance offers a variety of coverages and a personalized buying experience. This company is an excellent choice if you don’t want to spend a lifetime looking for a suitable insurance provider and policies.

Sproutt will connect you to a suitable insurance company and policies depending on the personal information you’ll provide. You can get coverage ranging from $50,000 to $5 million.

This Sproutt review explored various policies the company offers and what you’ll gain working with Sproutt. Visit the company’s website to apply for coverage within minutes.

Sproutt

Sproutt matches you with a life insurance policy that fits your lifestyle. Get instant quotes & rates online from the best life insurance companies.

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FAQ's

Here are some commonly asked questions about Sproutt Insurance.

Is Sproutt a legitimate insurance provider?

Sprout is a legitimate life insurance broker that works with reputable insurance companies in the market. The company has an A++ rating from A.M. Best.

How long does it take to get coverage?

Sproutt sends you approval within minutes when you’ve successfully applied for coverage. Filling out Sproutt’s online application takes about 15 minutes.

You don’t have to undertake a medical exam, so your online application will be through in a few minutes.  However, if you’re applying for guaranteed life insurance, the process might take longer since it has a waiting period.

Luckily, this policy guarantees coverage after completing your application.

How does Sproutt work?

Sproutt relies on its Quality of Life Index score to match you with a suitable life insurance company. After completing an online questionnaire, the QLI assesses your lifestyle and awards you a score.

The information you provide determines which insurance company and policy best suits you.

How does Sproutt keep personal data safe?

While it’s still a young company, Sproutt ensures personal data is safe from cyber fraud. It partners with top-rated companies to secure confidential data.

  • Editor Rating
  • Rated 4 stars
  • 80%

  • Sproutt Insurance
  • Reviewed by:
  • Published on:
  • Last modified: July 29, 2022


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