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Sproutt Life Insurance Review


ConsumersAdvocate.org Rating: 4.3 / 5 (Excellent)
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Sproutt is a Hartford, Connecticut-based online life insurance marketplace that uses data and artificial intelligence to assess customers' insurance needs and match them with life insurance policies that offer the best possible rate. Sproutt's partner insurers maintain strong financial strength ratings from independent agencies like A.M. Best.
 
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How is Sproutt rated?

Breakdown

4.3/5
Company Stability
4.0/5
Reputation
4.5/5
Policies & Coverage

Overall Rating: 4.3 / 5 (Excellent)

Sproutt is a life insurance marketplace that uses data and artificial intelligence to assess each customer’s insurance needs and lifestyle to match them with the best life insurance policy at the best possible rate. It partners with well-established life insurers across the country and shows you how their coverage stacks up side by side. The company prides itself on making life insurance understandable and cutting through the jargon that so often characterizes the life insurance industry.

Financial Strength

Key Details

Underwriter

Company Stability - 4.3 / 5

Sproutt is a relatively young company, but the insurers it partners with have been in the industry for decades and they all maintain high financial strength ratings. This indicates that they can comfortably pay out claims when necessary -- an important factor for the longevity of any life insurance company.

Reputation & Customer Experience

Customer Ratings

Trust Pilot Rating
4.8 out of 5
BBB Rating
A-
Number of BBB Positive Reviews
0
Number of BBB Neutral Reviews
0
Number of BBB Negative Reviews
0
Date Collected
2020-02-04

Reputation - 4 / 5

Backed by Guardian Life Insurance, one of the largest life insurance companies in North America, Sproutt has excellent customer reviews on Trustpilot.com, with clients praising their easy application process, knowledgeable licensed advisors, excellent customer service, and approachable and patient team of professionals.

In addition to considering Sproutt's reputation, it's a good idea to do some research into the reputation of the life insurance company you're going to work with and weigh this as well as cost and coverage options when making your decision.

Sproutt Policies

Sproutt offers customers the following life insurance policies: Term.

Term Life Insurance

Minimum Age
18
Maximum Age
100
Minimum Death Benefit
$50,000
Maximum Death Benefit
$5,000,000
Available Terms
5 year
10 year
15 year
20 year
25 year
30 year

Key Term Policy Features

  • Term-Permanent Conversions
  • Accelerated Death Benefit

Policies & Coverage - 4.5 / 5

Sproutt partners with top life insurers across the country to offer competitive term life policies to adults 18 to 100 with death benefits ranging from $50,000 to $5 million. Terms are available in five-year increments ranging from five to 30 years. While not available on Sproutt’s website (yet), Sproutt also offers whole life, universal life, and guaranteed life insurance policies through its toll-free number.

Flexibility and Available Riders

Available Term Life Riders

  • Child Protection Rider
  • Accidental Death Benefit Rider
  • Critical Illness Rider
  • Terminal, Chronic, and Critical illness Accelerated Benefit Riders

Available Carriers

AIG, American National, Assurity Life Insurance, Minnesota Life, Nationwide, Penn Mutual, Principal, Prudential, Securian Financial, Banner Life, SBLI, Lincoln Financial, John Hancock, Protective, Mass Mutual and others

Flexibility & Available Riders - 4 / 5

Sproutt doesn't publish a lot of information about life insurance policy riders on its website, which can make it a little more challenging to compare what each company is offering. But if you speak to one of Sproutt advisor over the phone, they will provide all the necessary information and help you understand and compare various options.

Additional Company Information

Homepage URL
https://sproutt.com/
Company Phone
(888) 786-3917
Headquarters Address
100 Pearl St., 14th Floor, Hartford, CT, 06103
Year Founded
2018

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Top Rated
Our Partner
  • The only 100% no medical exam term life insurance
  • Ages 18 to 60 are eligible to apply
  • Term life policies $50,000-$1.5 million in coverage
  • Company offers 10, 15, 20, 25, and 30-year terms
  • Monthly premiums as low as $10
  • Featured in WSJ, CNN, Forbes, TechCrunch & Money.com
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