Life Insurance

Health IQ Life Insurance Review

By Peter Mondrose Peter Mondrose is the Head of Insurance Content at Bankovia. He received his degree in Economics in 1998 and a second degree in Journalism in 2004 from the University of Chicago. Most recently he served as Head of Content at QuoteYeti.com, and editor at BusinessPundit.com 4 minute read

As a broker, the final cost of your insurance is decided by the insurance provider to which we refer you, not by Health IQ. If you’re in good health, Health IQ guarantees that it can save you up to 41% on healthcare bills. Additional information is available at Health IQ Life Insurance Review.

What affects my rate with Health IQ?

Health IQ Life Insurance Review - Health IQ Insurance Company Logo

Health IQ was founded to assist healthy persons in obtaining more reasonable life insurance premiums. If you live an active lifestyle or achieve “elite” status on a test, you may be eligible for a monthly price reduction of up to 4%.

Individuals who exhibit the following attributes, in addition to being in good health, are more likely to acquire the greatest prices:

  • Historically, tobacco usage was not a reason for alarm.
  • I have never had an alcohol or drug problem in my whole life.
  • As long as your driving record is free of traffic offences, you have a clean driving record.
  • Both a normal body mass index (BMI) and blood pressure are important indicators of general health.
  • A long-term medical condition that has been successfully managed over an extended period of time
  • A well-balanced diet is critical for long-term health.

Because underwriting requirements are tailored to the unique lifestyle of each applicant, they are more liberal than they would be otherwise. When your agent prepares a letter on your behalf, it helps the underwriter develop a more favorable impression of your character and lifestyle.

Even if you do not live a healthy lifestyle, Health IQ may be able to assist you in saving money on insurance rates.

How to get a quote from Health IQ life insurance?

While an online estimate will give you information about your price and coverage choices, you will need to interact with a sales representative to obtain more information.

  1. A free insurance quotation may be obtained by clicking on the Get Your Free Quote button available on this page.
  2. The survey should contain your age, gender, height, and weight, as well as your personal income.
  3. After that, you’ll need to enter your email address and click the Send button.
    If you are qualified for a discount, a representative will contact you.

What types of life insurance coverage does Health IQ offer?

Health IQ is not an insurance company and does not provide insurance. Health IQ has secured term and whole life insurance coverage through a network of over 30 insurance companies, including Prudential, John Hancock, and Lincoln Financial Group.

However, there will be a range of options accessible in this instance, including term and whole life insurance.

  • Term life insurance. Because it covers dependents on your income, this is Health IQ’s most customized and cost-effective plan.

If you die during the period of the policy, which is normally 10 to 30 years, you will get a set death benefit. Monthly, quarterly, or annual premiums are charged and are guaranteed to stay stable during the policy’s duration. Switching from term to whole life insurance will offer you long-term security if that is what you are looking for.

  • Whole life insurance. On the other hand, whole life insurance is a long-term policy that covers you until the time of your death. On the other hand, term life insurance premiums are substantially cheaper, but the insured is covered for the remainder of his or her years.

Apart from the death benefit, premiums paid contribute to the insurance’s cash value growth. Cash value may be used in a variety of ways. Payment of premiums, borrowing against, and investing in order to accumulate cash value are all examples.

What riders can I add to my policy?

The great majority of life insurance companies provide a variety of extra riders that enable consumers to customize their coverage to their unique needs and budget. You will need to speak directly with a provider or agent to explore your alternatives and enhance efficiency. The following are some common riders:

  • Child rider. Term life insurance is now available for your children.
  • Riders are not required to pay premiums. If you are injured or lose your work as a result of receiving these benefits, you will not be required to pay premiums for the remainder of your life.
  • Rider to be used in order to get disability income benefits. If you are fully disabled and unable to work, you may qualify for assistance to augment your income.

Health IQ reviews and complaints

Health IQ has received highly good customer feedback. Over 98 percent of the company’s 170 Trustpilot ratings are good, with many customers complimenting the company’s customer service, ease of use, and accurate, low-cost estimates. It is quite well-liked by clients.

In October 2020, it achieved a Trustpilot rating of 9 out of 10, as well as an “A+” rating from the Better Business Bureau.

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