• Skip to primary navigation
  • Skip to main content
Good Financial Cents®
Content is based on in-depth research & analysis. Opinions are our own. We may earn a commission when you click or make a purchase from links on our site. Learn more.
  • Make Money
    • Get Money Now
      • Ultimate Guide to Making Money
      • Need Money Now
      • Get Free Money Fast
      • Make Money Fast
      • Make $1K Per Month
    • Control Your Destiny
      • Self Employed Jobs
      • Make Money from Home
      • Hobbies That Make Money
      • How to Become a Freelance Writer
      • Small Business Ideas to Start
      • How to Become an Independent Contractor
      • Best Online Jobs
    • Passive Income
      • Passive Income Ideas
      • Multiple Streams of Income
      • Extra Income
      • Residual Income Ideas
      • Learn to Sell e-Books
      • Make Money on Facebook
      • Make Money on Tiktok
      • Best Online Survey Sites to Make Money
    • Explore More
      • Make Money for Teens
      • Best Online Colleges
      • Best Jobs No College Degree
      • Become a Millionaire
      • Careers for the Future
  • Manage Money
    • Best Of
      • Budgeting Tools
      • Personal Finance Software
      • Best Cashback Cards
    • Company Reviews
      • Personal Capital vs Mint
      • Personal Capital Review
      • SmartAsset Review
    • Guides
      • Buy or Lease a Car
      • What is Liquid Net Worth?
      • Setting Financial Goals
      • How to Budget
      • Ways to Save Money
    • Explore More
      • How Much Car Can I Afford?
      • Best Auto Refinance Companies
  • Invest
    • Best Of
      • Best Short and Long-Term Investments
      • Best Low Risk Investments
      • Best Online Stock Brokers
      • Best Crypto Exchanges
      • Best Short Term Investments
      • Best Long Term Investments
      • Best Trading Platforms
      • Best Investment Apps
    • Company Reviews
      • Lending Club
      • Robinhood
      • M1 Finance
      • Ally
      • TD Ameritrade
      • Fundrise
      • Betterment
      • Etrade
      • Wealthfront
    • Guides
      • Investing for Beginners
      • Investing Small Amounts of Money
      • Investing in Real Estate
      • No Money Down Real Estate
      • Bonds vs Stocks
      • Peer to Peer Lending
      • Best Hedges Against Inflation
      • Safe Bitcoin Investing in 2022
    • Explore More
      • Bitcoin vs. Real Estate
      • Betterment vs Wealthfront
      • Investing for College Students
      • Stock Market Alternatives
    • By Investment Amount
      • How to Invest $100
      • How to Invest $1K
      • How to Invest $5K
      • How to Invest $10K
      • How to Invest $20K
      • How to Invest $50K
      • How to Invest $100K
      • How to Invest $200K
      • How to Invest $500K
      • How to Invest $1M
  • Taxes
    • Best Of
      • Best Tax Relief Companies
      • Best Tax Software
    • Guides
      • Federal Income Tax Guide 2022
      • Taxes and Cryptocurrency
      • How to Do Your Own Taxes
      • How to Invest Your Tax Refund
      • Hiring a Professional Tax Preparer
      • Tax Tips for Freelancers
    • Company Reviews
      • TurboTax Review
      • H&R Block Review
      • Taxslayer
      • Tax Act
  • Insurance
    • Best Of
      • Best Life Insurance
      • Best Home Insurance
      • Best Auto Insurance
      • Cheap Term Life Insurance
      • Car Insurance For Young Adults
    • Guides
      • Term vs Whole Life
      • Different Types of Car Insurance
      • Average Cost of Car Insurance
    • Explore More
      • Life Insurance Over 50
      • Life Insurance Over 80
      • $1 Million Life Insurance
      • $2 Million Life Insurance
      • $3 Million Life Insurance
    • Company Reviews
      • Banner Life Insurance
      • Ladder Life Insurance
      • Health IQ
      • Haven Life
      • Policygenius
      • State Farm Auto Insurance Review
  • Retirement
    • Roth IRA
      • Best Places to Open a Roth IRA
      • Best Investments for Roth IRA
      • 7 Roth IRA Secrets
      • Roth IRA Conversion Guide
      • Roth IRA Rules
      • Roth IRA vs Roth 401k
      • Are Roth IRA Contributions Tax Deductible?
    • 401(k)
      • 401(k) Limits
      • 401(k) to Roth Rollover
      • Is 401(k) Enough for Retirement?
      • Maxed Out 401(k): What's next?
    • Traditional IRA
      • Traditional IRA Rules and Limits
      • Traditional IRA vs. 401(k)
      • Simple IRA Rules
      • SEP IRA Rules
      • How Much Do You Need to Start an IRA?
    • Explore More
      • SEP IRA vs. Roth IRA
      • 457 Plan for Successful Retirement
      • 401a Rollover Rules
      • How to Retire at 50
      • How to Retire at 55
  • Banking
    • Best Of
      • Best National Banks
      • Best High-Yield Savings Accounts
      • Best Checking Accounts
      • Best Savings Accounts
      • Best CD Rates
      • Best Money Market Accounts
    • Company Reviews
      • BBVA
      • Synchrony
      • Wells Fargo
    • Explore More
      • 9 Banking Alternatives for 2022
      • What is a Credit Union?
  • Home
    • Best Of
      • Best Mortgage Lenders
      • Best Mortgage Refinance Companies
      • Best Home Warranties
      • Best Homeowners Insurance
      • Best VA Loans
      • Best Mortgage Rates
      • Best Moving Companies
      • Best Home Security
    • Guides
      • Home Buying Checklist
      • Online Home Appraisal
      • How Much House Can I Afford?
      • First-time Homebuyer Programs
      • How to Get Approved for a Home Loan
      • Save Money When Building a House
      • How to Save for a Downpayment
      • When to Refinance Your Mortgage
    • Explore More
      • 15 vs. 30-year Mortgage
      • Home Warranty vs. Home Insurance
      • Veterans United Home Loan Review
      • Quicken Loans Review
      • HELOC vs Second Mortgage
      • DCU Mortgage Review
      • Costco Mortgage Program Review
      • USAA Mortgage Loan Review
  • Credit
    • Best Of
      • Best Credit Repair Companies
      • Best ID Theft Protection Services
      • Best Credit Report Options
      • Best Bad Credit Loans
    • Guides
      • How to Build Your Credit Score
      • How to Raise Your Credit Score in 5 Months
      • How to Dispute Your Credit Report
      • Hot to Remove Collections from Your Credit Reports
      • How Identity Theft Destroys Your Credit Score
    • Explore More
      • What is a Good Credit Score?
      • What is a Bad Credit Score?
  • Debt
    • Best Of
      • Best Debt Consolidation Loans
      • Best Personal Loans
      • Best Student Loans
      • Best Student Loan Refinance
    • Guides
      • How to Get Out of Debt
      • How to Get a Personal Loan Approved
      • How to Pay Off Student Loans Faster
      • Should I Consolidate My Debts?
      • Should I File for Bankruptcy?
    • Company Reviews
      • Credible
      • Sofi
Advertiser Disclosure (How We Make Money)
GoodFinancialCents.com has an advertising relationship with the companies included on this page. All of our content is based on objective analysis, and the opinions are our own. For more information, please check out our full disclaimer and complete list of partners.

Leap Life Review | Streamlined Shopping for Life Insurance

Jeff Rose, CFP® | August 23, 2021

Finding the best life insurance provider for your needs can be a daunting task and getting the wrong insurance policy can mean paying hundreds of dollars more than you need to.

According to research, about 80 percent of Americans spend at least 50 percent more than they need to for their life insurance as a result of choosing the wrong insurance provider.

You don’t want to be part of this statistic, and that’s where Leap Life Insurance can come in handy.

Leap Life simplifies and streamlines the process of finding the right life insurance.

You can apply in minutes and get instant quotes from leading life insurance companies.

Let’s take a look at Leap Life’s key features to see if it can benefit you.

Leap Life Overview

LeapLife logo

Leap Life is a life insurance technology firm founded in 2017 and headquartered in San Francisco, California.

The company’s primary goal is to match consumers with insurance policies that perfectly suit their needs from some of the top-notch life insurance companies, both local and national.

Get Started with Leap Life

Benefits of Leap Life

You can use the Leap Life online platform to find the most competitive rates on life insurance policies.

Once you provide the required information, the insurance agency compares policies from a variety of insurance providers and allows you to choose the best policy for your needs.

Leap Life offers a fast approval time and boasts an A+ rating from the Better Business Bureau.

Besides providing life insurance, this insurance agency also offers an effective insurance needs estimation tool based on assets, current income, and life situation.

Another great thing about this insurance agency is that it allows your coverage to begin immediately.

Who Should Use Leap Life

Leap Life is ideal for parents and families.

The company points out the fact that life insurance can help you accomplish at least one of the following:

  • Pay for funeral and other final expenses
  • Replace at least some of your income for a time
  • Cover the cost of your children’s college education
  • Pay off your home loan or other debt

Get a quote from Leap Life>>

What Makes Leap Life Insurance Stand Out?

One thing that sets Leap Life apart from most of its competitors is that it provides a form of insurance known as level term life insurance. With this kind of insurance, you’ll need to make even monthly payments throughout the course of your life insurance policy.

You get to benefit from only life insurance as the policy doesn’t involve any build-up of cash value. This is one of the best life insurance policies for people below 30. You should realize, however, that Leap Life offers level term life insurance policies that are convertible.

A convertible policy means that you can take your term life insurance policy and “convert” it to a whole policy.

The advantage is, if you get to the end of your term or you have a life situation change, you can make that policy permanent without having to go through underwriting.

Whole vs Term Life Insurance

Namely, it is not possible to convert the policy into a whole life policy at some point in your life. While whole-life insurance policy is not one of the best investments, it can be beneficial when it comes to estate planning.

Term life insurance doesn’t last forever. It can expire when you are still too young.

You may not have achieved financial independence by the time the policy expires, but with careful planning and goals in mind, you can save a tremendous amount of money with term life insurance.

How Leap Life Works

Application Process

Leap life allows you to apply for insurance policies online. This saves you the stress that comes with dealing with sales agents. This insurance agency employs state-of-the-art artificial intelligence technology to match you with the most appropriate policy and insurer.

Leap Life uses your answers to determine your likelihood of getting approved for the policy you are looking for and at the most affordable prices from all the available insurers.

With the answers you provide, Leap Life will be able to match you to the best, simplest, and most cost-friendly policy without having to speak to a sales agent.

Who Qualifies for Leap Life Insurance

You need to be aged between 18 and 75 years to be able to apply for Leap Life insurance. Term policies usually come in increments of 10 to 30 years.

Nonetheless, because Leap Life can connect you to a variety of options, it is advisable to go through the quote process to see the options available.

Coverage

It is also worth noting that term life death benefits normally range from $250,000 to $5,000,000. However, some carriers associated with Leap Life may fall out of this range. Moreover, policy extras such as term to permanent conversions may also vary based on the specific insurer.

Leap Life points out that it selects the insurance providers with the most competitive rates and the best financial strength ratings. That is manifested by the list of Leap life affiliates that includes the industry frontrunners like Pacific Life, Assurity, and Protective.

It is advisable to take your time to understand each recommended carrier before you commit to doing business with any of them.

Leap Life Extra Riders

The fact that Leap Life offers life insurance policies from different carriers, additional riders will depend on the insurance provider you choose. Here are some of the riders you can get from various carriers:

  • Child Protection Rider
  • Disability Income Rider
  • Guaranteed Insurability Rider
  • Family Income Benefit Rider
  • Critical Illness Rider
  • Long-Term Care Rider
  • Spouse Protection Rider

Carrying a rider that you don’t need can add unnecessary cost to your policy. It is advisable to take your time to understand the riders, as well as consult with Leap Life, to ensure you choose a policy with the right rider that suits your needs.

Get started with Leap Life>>

Leap Life Carriers

Leap Life gives you the opportunity to compare policies from some of the best life insurance providers in the country, including:

Carrier Name

Offered Products

American General Life Insurance Company, an AIG Company

  • AG Secure Lifetime GUL III,
  • AG Select A Term

Legal & General Life Insurance Company

  • OP Term

Assurity Life Insurance Company

  • Term Life

Lincoln Financial Group

  • Life Elements
  • Term Accel
  • LifeGuarantee UL
  • LifeCurrent UL

Principal Life Insurance Company

  • Term Insurance

Mutual of Omaha

  • Guaranteed Advantage Accidental Death

Pacific Life Insurance

  • PL Promise Term

Prudential

  • PruLife Universal Protector
  • Term Essential

Transamerica

  • Trendsetter LB
  • Trendsetter Super,

SBLI of Massachusetts

  • Level Term

Protective

  • Advantage Choice UL
  • Protective Custom Choice UL
  • Protective Classic Choice Term

Bottom Line

Leap Life is committed to streamlining the process of finding life insurance by leveraging technology. It brings a whole new experience to the world of life insurance.

It is geared to protect not only your life and that of your loved ones but also your time and money.

You can be matched instantly with a policy that perfectly fits your specific needs and financial situation.

You have the opportunity to choose from the country’s best insurers, including Fidelity Life, Mutual of Omaha Life Insurance, SBLI, Transamerica Life Insurance Company, Assurity, AIG, and more.

If you are looking for low-cost life insurance, you can’t go wrong with Leap Life.

This insurance agency can help you save up to 40 percent on life insurance with less hassle than calling for a single quote.

Get Life Insurance rates from Leap Life
Facebook LinkedIn Twitter

About the Author

Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur.

Facebook Twitter LinkedIn


You Might Also Enjoy

Best Homeowners Insurance Companies of 2022 - Updated for July

Best Homeowners Insurance Companies of 2022 - Updated for July

10 Best Car Insurance Companies of 2022 - Updated June

10 Best Car Insurance Companies of 2022 - Updated June

Best Car Insurance Plans for Young Adults Under 25 in 2022

Best Car Insurance Plans for Young Adults Under 25 in 2022

6 Best Home Warranty Companies - Updated June 2022

6 Best Home Warranty Companies - Updated June 2022

All the Types of Life Insurance Policies, Explained

All the Types of Life Insurance Policies, Explained

9 Best Life Insurance Companies - Updated June 2022

9 Best Life Insurance Companies - Updated June 2022

Reader Interactions

Comments

  1. Robyn Terwilleger says

    Would prefer a whole life policy.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Make Money
  • Manage Money
  • Invest
  • Taxes
  • Insurance
  • Retirement
  • Banking
  • Home
  • Credit
  • Debt
  • About
  • Contact
  • Do Not Sell My Personal Information
  • Facebook LinkedIn Twitter

© 2022 Good Financial Cents®. All Rights Reserved. | Privacy Policy | Disclaimer | Licenses & Disclosures

All written content on this site is for information purposes only. Opinions expressed herein are solely those of AWM, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

All third party trademarks, including logos and icons, referenced in this website, are the property of their respective owners. Unless otherwise indicated, the use of third party trademarks herein does not imply or indicate any relationship, sponsorship, or endorsement between Good Financial Cents® and the owners of those trademarks. Any reference in this website to third party trademarks is to identify the corresponding third party goods and/or services.