SelectQuote does provide life insurance quotes. The company acts as an online broker, gathering quotes from multiple carriers after you submit a brief questionnaire.
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Because SelectQuote is a comparison service, it does not underwrite policies itself; instead, it matches you with insurers that meet your profile and then forwards the quotes for you to review.
How SelectQuote's Quote Process Works
When you start a quote request, you enter basic information such as age, health status, coverage amount, and budget. SelectQuote's algorithm then queries partner insurers and returns a list of available options.
Key Steps
- Fill out an online questionnaire (10‑15 minutes).
- Receive a curated list of quotes from 5‑10 carriers.
- Compare coverage details, premiums, and rider options.
- Choose a quote and complete the application directly with the insurer.
What Types of Life Insurance Are Available
SelectQuote offers both term and permanent policies, including:
- Term life (10‑30 years).
- Whole life.
- Universal life.
Availability varies by state and by the underwriting criteria of each carrier.
Advantages of Using SelectQuote
Using a broker like SelectQuote can save time and provide a broader view of the market than contacting insurers individually.
- Comparison Shopping: Multiple quotes in one place.
- Expert Guidance: Access to licensed agents for clarification.
- Potential Discounts: Some carriers offer lower rates to broker‑sourced applicants.
Potential Drawbacks
While convenient, there are some considerations:
- Not all insurers participate in the platform, so you may miss niche carriers.
- Quotes are preliminary; final rates can change after a full medical exam.
- Some agents may receive higher commissions for certain carriers, influencing recommendations.
Comparison Table: SelectQuote vs. Direct Carrier Shopping
| Aspect | SelectQuote | Direct Shopping |
|---|---|---|
| Number of quotes | 5‑10 carriers | Varies, often fewer |
| Time to receive quotes | Minutes to hours | Days to weeks |
| Agent assistance | Licensed agents available | Often limited to carrier reps |
Is SelectQuote Right for You?
If you prefer a quick overview of available life‑insurance options and want professional help navigating terms, SelectQuote is a solid choice. However, if you have a very specific carrier in mind or need niche products, contacting insurers directly may be better.
Ultimately, the service does provide life insurance quotes, but the final decision and policy issuance remain with the individual insurance companies.