Best for Term Life Insurance: Haven Life; Best for Cheap Life Insurance: Ladder

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Offers two types of term policies: Haven Term and Simplified Issue
Haven Simplified Issue doesn’t require a medical exam
Up to $3 million in term coverage
Haven Term includes Haven Plus with perks and discounts

Haven Life is our choice for the best term insurance coverage because of its impressive array (10-, 15-, 20-, 25- and 30-year) of policy terms, along with coverage amounts that range widely, from $100,000 to $3 million.

Haven Life offers two types of term life insurance policies: Haven Term and Haven Simple. Haven Term includes Haven Life Plus, a rider that provides access to an individual or couple’s trust, will or guardian plan. Life Plus also provides subscriptions to a fitness app, sleep tracking app and an online vault in which you can save documents.

Applicants aged between 20 and 59 can get coverage amounts up to $3 million, while those between 60 and 64 can be insured for up to $1 million with Haven Term. Haven Simple is only available for applicants aged 20-55 and includes the Accelerated Death Benefit rider.

Why we chose this company

Haven Life provides diverse and wide-ranging coverage, including term policies that require no medical exam. Its Haven Plus term policies come with free perks to policyholders, including state-specific and legally valid digital wills, as well as subscriptions to a fitness app and an online vault to store important documents digitally. Note, however, some or all of its coverage options are unavailable in certain major states.

Best Comparison Tool and Broker: Policygenius

Quick and easy comparison of several policies through an online form
One-stop-shop for multiple insurers
Create a will or trust using attorney-approved tools

Online quotes are not available for all providers
Takes more time than some other options to get a final price

Policygenius takes the top spot as the best comparison tool and broker for its satisfying provision of one-stop shopping from a range of insurers. Policygenius’s partners include AIG, Banner Life, Brighthouse, John Hancock, Lincoln Financial, Mutual of Omaha, Pacific Life, Principal, Protective, Prudential, SBLI and Transamerica.

This online marketplace also offers an extensive library of educational resources for those with different life insurance needs, including recommendations for life insurance for people who suffer from depression and diabetes. This, coupled with its broad range of coverage options such as term or permanent coverage policies, make Policygenius a standout option for comparing life insurance quotes

Why we chose this company
Policygenius offers one-stop access to policies from a wide range of partners. And unlike some other comparison sites, this one pledges not to sell your information to third parties.

Offers a wide range of underwriting, to accommodate diverse customers
100% online application
No medical exam required for most policies of under $1,000,000

Ethos is our choice for best for accommodating diverse ages thanks to its three types of underwriting: simplified issue, guaranteed issue, and fully underwritten. Their simplified issue policies require you to answer some medical questions but not to submit to a medical exam. Guaranteed issue policies don’t require medical exams or any information about medical conditions, and fully underwritten policies require both a medical exam and disclosure of the applicant’s medical history.

Ethos uses simplified issue and fully underwritten methodology for its term policies, and the company uses guaranteed issue underwriting for its whole life insurance policies.

The company also offers a guaranteed issue whole life insurance policy for people between the ages of 65 and 85 underwritten by AAA Life. Applicants can obtain instant approval for coverage amounts between $10k-$25k, regardless of their medical history.

Why we chose this company
Ethos accommodates a wide range of potential applicants, in part through its use of three types of underwriting: simplified issue, guaranteed issue, and fully underwritten.

Also, the company allows prospective customers to apply for coverage and receive a quote within minutes, without need of talking to an insurance agent.

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