4.1/5
Service Evaluation
Key Takeaway: SelectQuote
SelectQuote is a legitimate, highly established insurance brokerage that makes it easy to compare life insurance rates from top carriers. It is best for shoppers who want an agent to do the heavy lifting of comparing quotes, though you should be prepared for a high volume of follow-up sales calls.
Welcome to our comprehensive SelectQuote Review. Finding the right coverage can be stressful, but this established broker aims to simplify the process. Before committing to a policy, you might want to compare SelectQuote with other top-rated companies to ensure you get the best deal.
How SelectQuote Works
SelectQuote operates as an independent insurance agency rather than a direct insurer. When you request a quote, their agents compare policies from highly rated insurance companies to find options that match your budget and needs. Many SelectQuote Life Insurance Reviews highlight the convenience of comparing multiple carriers at once.
They are particularly well-known for their options regarding Select Quote Senior Life Insurance, helping older adults secure final expense and whole life policies easily by navigating complex medical histories on their behalf.
Pros and Cons
Like any service, there are advantages and drawbacks. Here is a breakdown of what you should expect before handing over your contact information.
| Pros | Cons |
|---|---|
| Carrier Network: Provides access to multiple highly reputable, A-rated insurance carriers in one single phone call. | Aggressive Marketing: Common SelectQuote complaints mention receiving a very high volume of phone calls and emails once contact info is submitted. |
| Free Service: The comparison and agent consultation service is completely free to use (they earn their commission directly from the insurer). | Not a Direct Insurer: You do not work directly with the insurance company until the policy is actually purchased. |
| Expert Agents: Highly experienced agents who can help navigate complex pre-existing conditions or senior coverage needs. | Time Consuming: While initial quotes are fast, finalizing a policy over the phone can take longer than using fully digital competitors. |
Is SelectQuote Legitimate?
If you are wondering, “Is Select Quote Legitimate?”, the answer is a resounding yes. They have been in business since 1985 and have helped millions of customers secure coverage. They are a publicly traded company on the New York Stock Exchange (NYSE: SLQT) and operate as a fully licensed brokerage in all 50 states.
Final Verdict
To conclude this SelectQuote Review, we give them a solid rating for their extensive network and ease of use, especially for those looking to compare multiple policies without doing the legwork themselves. It is an excellent resource for seniors or individuals with health conditions who need an expert to guide them.
However, be prepared for follow-up calls from agents. To explore your options further, check out our life insurance Buyer’s Guide to compare rates today.
Frequently Asked Questions
Is SelectQuote a reputable company?
Yes, they are a highly reputable, publicly traded brokerage with decades of experience in the insurance industry.
Is SelectQuote free to use?
Yes, their service is completely free to use for consumers. They make a commission from the insurance company if you ultimately buy a policy.
Who owns SelectQuote insurance?
SelectQuote is a publicly traded company (NYSE: SLQT) led by an executive management team, rather than being owned by a single parent insurance provider.
Is SelectQuote better than going to an agent directly?
It depends on your needs. Using them allows you to compare multiple carriers at once, whereas a “captive” agent only sells policies from one specific company.
How long does it take to get a life insurance quote from SelectQuote?
You can usually get initial quotes within minutes over the phone or online, though finalizing a policy and going through underwriting takes longer.
Can I get life insurance through SelectQuote without a medical exam?
Yes, they partner with carriers that offer no-medical-exam (guaranteed issue or simplified issue) policies, though coverage limits may be lower and premiums slightly higher.
What types of life insurance does SelectQuote offer?
They offer term life, whole life, and final expense insurance, in addition to other products like Medicare and auto/home insurance.
What are the disadvantages of using SelectQuote?
The primary disadvantages are the potential for numerous sales calls and the fact that you do not interact directly with the actual insurer until the policy is purchased.