{"id":7922,"date":"2023-12-30T19:17:06","date_gmt":"2023-12-30T19:17:06","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=7922"},"modified":"2024-01-05T09:16:41","modified_gmt":"2024-01-05T09:16:41","slug":"selectquote-life-insurance-review-2","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/life-insurance\/selectquote-life-insurance-review-2\/","title":{"rendered":"Selectquote Life Insurance Review 2024"},"content":{"rendered":"
To help you decide if SelectQuote life insurance services are the ideal agency for you, we’ve compiled some helpful facts in this review. We’ve included some feedback from previous clients, a list of the brands they’re an official representative for, and an outline of their background.<\/p>
SelectQuote Life Insurance does not operate as a life insurance provider. Instead, it functions as an insurance sales agency that facilitates the acquisition of quotes from prominent life insurance providers, including Prudential and Protective Life. <\/p>
SelectQuote offers the opportunity to obtain quotations for both term and whole life insurance policies, enabling individuals to procure coverage amounting to $5 million. Nonetheless, SelectQuote does not offer universal or guaranteed-issue insurance. To avail of the policy above, it is necessary to submit an application for coverage with an alternative firm.<\/p>
SelectQuote recently concluded a secondary public offering wherein equity shares were sold to existing owners. A total of more than ten million shares were sold in the public offering at a price of $27.50 per share. Certain selling investors have granted underwriters a 30-day opportunity to make additional purchases. Moreover, the opportunity afforded them the ability to purchase a maximum of 1,590,000 supplementary shares at the prevailing market price of $27.50 per share, subject to deductions for commissions and underwriting discounts. <\/p>
Selectquote did not engage in the sale of any shares of common stock; rather, it exclusively facilitated the sale of shares belonging to certain selling stockholders<\/a>. The corporation did not generate any revenue from the sale. There is no alteration in the quantity of common stock that is presently outstanding.<\/p> Online term and whole life insurance quotations are now available through SelectQuote. A medical exam is typically needed for insurance coverage. There are two distinct forms of coverage:<\/p> Because of its low cost and widespread availability, term life insurance is frequently advocated. You are only insured for the policy’s term, and your dependents will only get a payout if you pass away during that time. SelectQuote’s coverage amounts range from $5,000 to over $5 million. Ten, fifteen, twenty, or thirty years of service are available. <\/p> The coverage provided by whole life insurance policies is perpetual. It’s made to serve you for the rest of your life. Your continuous protection is contingent upon your maintaining timely premium payments. Furthermore, cash value can be accumulated in a whole-life policy. You can use the policy’s cash value or withdrawals to supplement your retirement income<\/a> or cover high costs during your life.<\/p> I admire SelectQuote Life Insurance Services, which has been selling life insurance policies since 1985. This online insurance agency predates the Internet. Talk about vision! This is an open and honest evaluation of life insurance; therefore, I will discuss some concerns I have with SelectQuote. <\/p>Pros <\/span><\/h3>
Cons<\/span><\/h3>
Available Plans<\/span><\/h3>
#1. Term Life Insurance<\/span><\/h4>
#2. Whole Life Insurance<\/span><\/h4>
Selectquote Life Insurance <\/span><\/h2>