SoFi Life Insurance Review

If you’re interested in learning more about SoFi Life Insurance, visit our SoFi Life Insurance review.

SoFi Life Insurance is an excellent option for young adults seeking term life insurance to safeguard their loved ones in the case of an untimely death. GE Capital and Ladder Life Insurance Company are now offering up to $5 million in coverage or $1 million in coverage that does not require a medical evaluation.

Pros and Cons

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Pros

  • The application procedure is straightforward, and there are no cost estimates.
  • With the assistance of Ladder Life, there is no way to avoid a medical examination.

Cons

  • There is no guarantee that your application will be approved.
  • Provides just term life insurance.

SoFi life insurance rates

The cost may vary significantly depending on your gender, age, health, and lifestyle. Under-40-year-olds could anticipate monthly premiums of between $20 and $39 for term life insurance.

  • 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 steps are as follows:

  1. To begin, simply enter your zip code. SoFi’s insurance partner, Ladder Life, offers term life insurance.
  2. Click the Get Started button after you’ve arrived at the Ladder page.
  3. Determine the amount of coverage you require and the duration of the insurance.
    To proceed, please click “Next.”
  4. Enter your contact information and Social Security number after answering a few personal questions about your health, career, and lifestyle. By selecting “Next,” you may confirm that you are prepared.
  5. After we validate your information, you will get a quotation. You may proceed to the application if you are satisfied with the quote.

After signing up

The majority of candidates receive a prompt answer. If your insurer has authorized you to do so, you can make a payment, change your personal information, or renew your insurance policy online.

What types of life insurance coverage does SoFi offer?

SoFi provides solely term life insurance. You may pick from a range of terms depending on your age: 10, 15, 20, 25, or 30 years.

The insurer will give insurance up to $5 million in return for a medical exam; in exchange for no test, they will issue policies worth $1 million.

What riders can I add to my policy?

To make things simple, SoFi does not allow users to add riders to their plans.

SoFi life insurance reviews and complaints

SoFi is not a Better Business Bureau (BBB) recognized business, but it does have an A+ rating for customer care. In the last three years, this financial services firm has received 255 complaints, which is not unusual. Customers give the firm a 1.22 out of 5 rating.

Trustpilot has rated SoFi a 3.0 out of 5 stars for their customized and efficient service as of October 2021.

Check out Simplified Life Insurance Review to see what other company has to offer.

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