Life Insurance

SoFi 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 3 minute read

SoFi Life Insurance is an excellent solution for young adults seeking term life insurance to safeguard their loved ones from financial devastation in the case of an untimely death. Through GE Capital and Ladder Life Insurance Company, it is now possible to purchase coverage of up to $5 million or $1 million without having to undergo a medical examination. If you’re interested in learning more about SoFi Life Insurance, read our review.

Pros and Cons

SoFi Life Insurance Review - SoFi Life Insurance Logo

Pros

  • The application processes are straightforward, and the package does not offer pricing estimates.
  • There is no way to avoid having your medical records scrutinized unless you have the assistance of Ladder Life.

Cons

  • Your application is not guaranteed to be approved.
  • Provides just term life insurance.

SoFi life insurance rates

The cost varies significantly depending on your gender, age, physical condition, and manner of life. For most persons under the age of 40, term life insurance costs will range between $20 and $39 per month.

  • Age 20. Male $20, Female $17
  • Age 30. Male $20, Female $18
  • Age 40. Male $39, Female $31

How to Obtain a Quote from SoFi life insurance?

You may apply for health insurance online. The following precautions should be taken:

  1. Simply enter your postal code as the first step. Term life insurance is offered through Ladder Life, one of SoFi’s insurance partners.
  2. To begin your trip, click the Get Started button after you’ve arrived at the Ladder page.
  3. Determine the amount of coverage you require as well as the duration of the insurance.
  4. Please click the “Next” button to continue.
  5. After answering some personal questions regarding your health, career, and lifestyle, please enter your contact information and Social Security number. We appreciate your time. You can confirm your readiness to proceed by clicking “Next.”
  6. We will contact you with a quotation once we have validated your information. If you are satisfied with the quotation, you may proceed to the application stage.

After signing up

The great majority of candidates receive a response to their application within a reasonable amount of time. If your insurer has granted you permission to use the service, online payments, updates to your personal information, and renewal of your insurance policy are all feasible.

What types of life insurance coverage does SoFi offer?

SoFi Life Insurance Firm is a life insurance company that specializes in term life insurance. You may select from a range of terms depending on your age, including 10, 15, 20, 25, and 30 years.

The insurer will give insurance coverage up to $5 million in return for a medical test; in exchange for not taking the exam, the insurer will issue policies totaling $1 million.

What riders can I add to my policy?

To make things simple, SoFi does not let consumers add riders to their subscriptions.

SoFi life insurance reviews and complaints

SoFi Life Insurance Firm is a life insurance company that specializes in term life insurance. You may select from a range of terms depending on your age, including 10, 15, 20, 25, and 30 years.

The insurer will give insurance coverage up to $5 million in return for a medical test; in exchange for not taking the exam, the insurer will issue policies totaling $1 million.

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