Everyday Life

Everyday Life is a digital life insurance agency that helps consumers customize life insurance coverage based on their needs. Learn more here.

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InsuranceRanked Score 4.4
Year Founded 2018
Medical Exam Required? No

Everyday Life 2023 Review

Kiah Treece

Licensed Attorney and Small Business Owner


Everyday Life screen shot

What is Everyday Life?

Everyday Life is a digital life insurance agency that helps consumers customize life insurance coverage based on their needs. Prospective customers can enter basic information like their ZIP code, birthday, height and weight, and life insurance coverage needs. Most policies are available without a medical exam, and plans reportedly start at $4.61 with an average cost of $15 per month.

Everyday Life business insurance products

Everyday Life partners with FidelityLife, William Penn, Bestow, Surety, BannerLife, and SBLI to provide insurance to a range of customers. The agency exclusively connects customers with term and whole life insurance policies up to $10 million and term coverage from 10 to 40 years. While this structure means customers can choose the best quote from several underwriters, available coverage may vary from provider to provider.

Key features of Everyday Life

family-under-hands

Because Everyday Life is an entirely digital agency, it doesn’t directly underwrite any policies. Instead, its partners offer coverage, with policy features varying from provider to provider. Keep an eye out for the following features when reviewing quotes from the insurance companies available through Everyday Life.

  • Life insurance calculator: Everyday Life’s Ultimate Life Insurance Calculator lets users enter a few basic data points and matches them with a customized plan and coverage amount based on needs, health, and lifestyle.
  • Term coverage: Coverage lasts for 10, 15, 20, or 40 years depending on the policy.
  • Death benefit: Death benefit coverage varies by policy but can extend anywhere from $25,000 to $10 million.
  • Age availability: Life insurance policies are available to consumers between the ages of 18 and 85.
  • Medical exam requirements: A medical exam is not typically required for most policies under $1 million, but these requirements may vary by the insurance provider.

Everyday Life Pros and Cons

Working with a digital insurance agency like Everyday Life means you can get access to the most competitive quotes from a variety of insurance companies. However, there are some drawbacks to not working with a coverage provider directly.

Pros

  • Applications can be completed online: Unlike many conventional life insurance agents, Everyday Life lets users complete their applications online.
  • Custom quotes: Life insurance plans available through Everyday Life are customized to fit individual applicants’ health, lifestyle, and needs. Everyday Life compares quotes from multiple carriers so consumers can get the best coverage for the lowest price.
  • Premiums start at $4.61 per month: Policies from Everyday Life start at just $4.61 per month and cost an average of just $15 per month.
  • Policies are available without medical exams: Many applicants can complete their application without bloodwork or a physical exam.

Cons

  • Policies offered through third-party companies: Everyday Life is an agent, so carriers ultimately make policy decisions.
  • Customer service is limited: Everyday Life Does not handle claims—customers will need to contact their carrier if a policy is triggered.
  • Not all customers can buy online: While many customers can bind coverage completely online, some are required to undergo medical exams to complete their purchases.

Who Is Everyday Life best for?

Everyday Life is ideal for consumers who want expert help finding the right type of life insurance and coverage amount for their unique needs. All life insurance companies are different, and Everyday Life helps customers find the best carrier and policy for them—even consumers who have previously been denied life insurance.

Everyday Life may be best for:

  • Customers who want to maximize their coverage relative to their premiums
  • Customers who want basic coverage for the minimum monthly cost
  • Customers who have previously been denied coverage
  • Customers who are on a fixed budget

Everyday Life works closely with the highest-rated life insurance companies to help customers find the best coverage amounts and policy types based on their income, health, lifestyle, and other factors. The platform is also ideal for customers who want to buy life insurance without undergoing extensive blood work or medical exams, or whose insurance needs have recently changed.

How to get an Everyday Life insurance policy

life-insurance-form

Everyday Life specializes in matching consumers with the type of life insurance and coverage amount that are right for them. To start, visit Everyday Life’s website and check out their Ultimate Life Insurance Calculator. The calculator will assess your age, location, income, health, and lifestyle history and recommend a policy and coverage amount for you.

Once you decide on a type of life insurance and desired coverage amount, complete Everyday Life’s simple application. The online form gathers additional information about your family and finances.

When you complete your application, Everyday Life will forward that application to your chosen carrier and shepherd your application through the underwriting process. If additional documentation or medical exams are needed—as they may sometimes be—Everyday Life will communicate with you to gather documents or arrange testing.

After your application is approved, you’ll receive your final policy documents from your carrier of choice and begin paying premiums directly to your carrier. If you need to file a claim or adjust your policy, those items can be handled directly with your carrier.

If you later decide to purchase additional coverage or want to learn more about life insurance, different policy types, and how they work, you can always refer back to Everyday Life for resources or to search for additional policies.

Everyday Life vs. Bestow Life

Like Everyday Life, Bestow is a digital agency that connects consumers with life insurance policies that fit their needs. That said, Everyday Life offers policies for a wider range of customers (ages 18 to 85 compared to Bestow’s 18 to 60) and with higher coverage limits (up to $10 million compared to Bestow’s $1.5 million). Likewise, Everyday Life’s coverage terms are broader than Bestows—10 to 40 years and 10 to 30 years, respectively.

Notably, however, Bestow never requires medical exams, while they may be required for policies through Everyday Life with face values under $1 million. Both companies have an A+ rating from the BBB.

Methodology

When looking at small business insurance carriers, we want to know that our customers are working with the best. This is why we search for carriers that have high AM Best ratings or marketplaces that work with carriers that have those ratings. We review the key features of the provider and look at how costs are derived. The quote process is essential to a good customer experience, which is why we go through the process to test the efficiency of the system.

Frequently Asked Questions

Is Everyday Life legit?

Everyday Life was founded in 2018, and the company has an A+ rating from the Better Business Bureau (BBB). The agency works exclusively with insurers with an AM Best financial strength rating of “excellent” or better.

How does Everyday Life work?

Everyday Life is an online life insurance agency that uses some basic information to help users find the best life insurance policy. Everyday Life then walks users through an application process that enables them bind coverage with a carrier, so they can get the coverage they want without unnecessary blood work or medical exams.

Who owns Everyday Life?

Everyday Life is owned by private investors, including its founders, Jake Tamarkin and Dipali Trivedi.

Who underwrites Everyday Life?

Everyday Life uses information gathered from applicants for a simplified underwriting process through its carriers. These carriers include FidelityLife, William Penn, Bestow, Surety, BannerLife, and SBLI.

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