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4.5 Stars
Updated: January 23, 2023
By: Jeff Smith
Jeff Smith
Sr. Content Manager
As Retirement Living’s senior content manager, Jeff oversees the product and publishing of all retirement, investing, and consumer wellness content on the site. His extensive expertise in brand messaging and creating data-driven stories helps position Retirement Living as a top authority for senior content and community resources.
Sr. Content Manager
Edited By: Lauren Hamer
Lauren Hamer
Bringing more than a decade of editorial experience to Retirement Living, Lauren focuses on reporting senior-related issues, including retirement planning, finance, consumer protection, and health and wellness. Lauren has edited consumer content for Credible, Angi, Slickdeals, Jobs for the Future, and more.

SelectQuote is an online independent insurance broker that helps consumers find the best life insurance options with price and policy comparisons. SelectQuote monitors rates and alerts customers when switching to another policy would save money on life insurance. SelectQuote insurance agents are always available to assist and combine a human touch with high-tech efficiencies. The company offers plans from respected, financially stable life insurance companies and has been in business for over 35 years.

Selectquote Logo

Editorial Breakdown

Product Options 4.3 Stars
Availability 4.8 Stars
Policy Features 4.3 Stars
Customer Service 4.8 Stars

Overall Rating 4.5 Stars

Bottom Line

SelectQuote is an online independent insurance broker that helps consumers find the best life insurance options with price and policy comparisons.

SelectQuote Life Insurance Review

SelectQuote presents customers with life insurance rates from only top-rated companies like Globe Life and Accident Insurance Company, United of Omaha Life Insurance Company, Pacific Life Insurance Company and others. The company is licensed to sell insurance in all states except South Dakota. SelectQuote representatives receive a variable commission for every sale, but the company does not provide a commission breakdown by product to employees. This practice ensures that sales reps are not incentivized to oversell policies you don’t need.


  • Lets customers know if switching policies can save money
  • Blind-commission payment structure keeps agents focused on customer needs
  • Works with only highly-rated insurance companies
  • Free quotes and price comparisons


  • Not available in South Dakota

SelectQuote Life Insurance Services

SelectQuote sells whole life and guaranteed universal life insurance but focuses more on term policies. Term life insurance is a cost-effective way to protect your family’s finances should you die. These policies are more affordable than other types of life insurance, and term life insurance can be ideal for people who did not purchase life insurance earlier in life.

SelectQuote is a full-service insurance company offering term life insurance as well as policies for home, auto, Medicare Supplement, critical illness, accidental death and Medicare Advantage. Customers buy their insurance from SelectQuote, and the company continues to service the account instead of passing it off to the insurance carrier. This service includes keeping an eye on rate changes and notifying customers so they can choose to switch to another policy to save money.


SelectQuote Life Insurance Options
Life Insurance Type Policy Details
Level Term Low and stable premiums with terms ranging from 5 to 30 years. Annually renewable at a higher rate after the initial level period expires.
Annually Renewable Term (ART) Automatically renews annually with an increasing premium, often up to the age of 95 to 100.
Whole Life In force until death with guaranteed premiums and accumulating cash values as long as you pay the premiums. Very expensive.
Universal Life This complex life insurance policy accumulates cash value through investments and interest. Premiums and death benefits are adjustable at the insured’s discretion.

SelectQuote Life Insurance Technology and Agents

SelectQuote uses cutting-edge technology across all company functions and artificial intelligence to save customers time by sorting through life insurance quotes and presenting the best deals. Although you can take advantage of this technology to check life insurance rates and buy policies on SelectQuote’s website, agents are always available to answer questions and help with purchasing insurance.

Each account is assigned a dedicated agent, and there’s always an insurance professional available to solve problems, answer questions or explain anything you don’t understand. For example, a SelectQuote insurance agent used his industry knowledge to help a customer go from being declined for insurance to getting accepted with a preferred rate.

SelectQuote Life Insurance Cost

SelectQuote insurance policy rates vary depending on the company you choose and the type of policy you want. Free quotes are available on the company website after answering several questions and taking a phone call with a representative. As is the case with all but no-exam-required life insurance, the quote could vary from the actual policy price. Any cost difference depends on your medical examination or information in your final application.

How to Buy SelectQuote Life Insurance

SelectQuote offers a free online quote tool where consumers can search and compare life insurance and other policies. Select a plan, then fill out an application online or call a representative to apply. The company will verify your information and schedule you for a brief, free medical exam, which is required to buy life insurance.

Submit your application with the initial premium payment after the medical exam, then wait for the approval. Your policy arrives in the mail, and you have 10 to 30 days to determine whether to keep the insurance. SelectQuote refunds your initial premium if you decide you don’t want the policy.

SelectQuote Life Insurance Complaints

Trustpilot gives SelectQuote a rating of 8.3 out of 10, and customer reviews rate it high for excellent customer service. ConsumersAdvocate gives SelectQuote life insurance a 9.1 on a scale of 10, citing the company’s streamlined insurance buying process and best-of-the-best insurance carriers. The Better Business Bureau awards the company an A+ rating, though some consumers posted complaints on the BBB website reporting they did not receive a lower life insurance quote compared to other companies. However, SelectQuote only partners with insurance companies AM Best rates an “A+” to “A-“, so quotes can be a little higher for some individuals. AM Best is an agency that assesses insurance companies’ financial strength.

SelectQuote Life Insurance Q&A

  • Are SelectQuote life insurance premiums and death benefits guaranteed?
    Most of the companies working with SelectQuote offer guaranteed premiums and coverage, so your premium won’t change during the policy term. The death benefit does not fluctuate, either. Be sure to check the policy details, though, since some life insurance may not include these benefits. SelectQuote recommends that customers only consider fully guaranteed policies.

  • Can I replace my current life insurance with a policy through SelectQuote?
    Yes, you can replace your current life insurance with a SelectQuote policy. It’s essential to ensure the new life insurance is approved and active before canceling the previous plan. If your old life insurance isn’t a term policy, you should talk to your tax advisor to determine if there are any tax implications for selling.

  • When does my SelectQuote life insurance policy become active?
    In some cases, you’ll wait for your life insurance policy to go through underwriting and be approved after you submit your application. The approval process generally takes four to seven weeks. Some plans provide conditional coverage while you wait for final approval.

  • What is involved in the medical exam SelectQuote requires?
    SelectQuote schedules a 15 to 20-minute exam for you with a contracted paramedic. This appointment can take place in your home or office at your convenience. The medical exam includes taking blood and urine samples, and the results get sent to the insurance company. Some applicants need additional tests, but the SelectQuote agent can guide you through the process.

  • Can I buy life insurance through SelectQuote if I have poor health?
    Many people with health issues receive life insurance, but it depends on the underwriting company’s policy. SelectQuote works with several companies that specialize in insurance for individuals with health issues. A SelectQuote representative can help you figure out which life insurance plans are the best fit.


SelectQuote combines technology behind online life insurance selection and quotes with impartial agents who can answer questions or work with insurance companies on your behalf. SelectQuote partners with only the most reliable and highly-rated insurance companies to provide consumers with a trustworthy variety of life insurance options.

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