Geico Life Insurance Review

As a result of this, Geico Life Insurance does not directly provide its clients with life insurance plans. You may get quotes from up to 50 insurance providers at the same time through a broker called Life Quotes. Your beneficiaries will not be able to get financial or retirement planning assistance from this service, which covers up to $25 million. Check out our Geico Life Insurance Review to learn more about what the company has to offer.

Geico Life Insurance Pros and Cons

Pros

Geico Life Insurance Review - Geico Insurance Company Logo
  • You have access to 50 service providers.
  • Expectations are high.
  • Extremely wide-ranging coverage
  • Quotes that are currently accessible
  • What time zones do your customer support representatives operate in?
  • Geico has a partnership with us.

Cons

  • In contrast to a more individualized approach
  • The inability to obtain more financial assistance.
  • Long-term work is the preferred option.

Geico life insurance rates

Insurers and the type of coverage you choose decide the pricing, as Geico is not an insurance provider. A Geico quote reveals which policies are specific to the company, and which are not.

You may compare rates by selecting the amount of coverage you need and whether you’ll be paying monthly or yearly.

What affects my rate with Geico?

Life insurance plans are based on a calculated risk. When providing you a premium, insurers take into account your health and lifestyle. Besides the length and extent of coverage you select, they also take into account this. In order to protect their financial interests, providers retain their best pricing for the most loyal consumers.

For each of Life Quotes’ 50 insurance providers, underwriting standards may take into consideration the following variables:

  • Tobacco use. If you haven’t been smoking or using nicotine in the previous five years, you may not be eligible for the best insurance rates. Most insurance companies allow one cigar each month for a special occasion.
  • Age. Candidates who are young and healthy are eligible for lower insurance premiums than those who are older and unhealthy.
  • Record of a driver’s license. Do you have a clean criminal record, free of serious offenses like DWI or DUI? There is a good chance you will be paid less.
  • Past criminal activity. A recent arrest or accusation of a crime may result in an insurance company denying coverage or raising your premiums.
  • Health. They’ll be paying more since they have a history of cardiovascular and cancer-related illnesses, as well as skin conditions like cancerous moles and diabetes. Besides your height and weight, insurers also take into account your cholesterol, blood pressure, BMI, and body mass index (BMI).
  • Occupation. Firefighters, war correspondents, police officers, and other dangerous occupations are compensated with greater wages.
  • Travel. There is a question on the Life Quotes form asking if you plan to visit any countries with a Travel Warning Level of 3 or 4. Visiting a dangerous or war-torn nation might lead to an increase in your insurance cost.
  • Hobbies that put your life at danger. If you like extreme sports like racing automobiles, scuba diving, skydiving, bungee jumping, or rock climbing, expect to pay a higher premium.
  • Drugs and alcohol are two examples of this. To be eligible for the best rates, you must not have a history of drug or alcohol abuse.

How to get a quote from Geico life insurance

When you’re ready to compare prices, call Geico at 888-532-5433 or fill out an online form.
The following are the steps you must take:

  1. To discover more about Geico, visit their website. In the top left corner of the screen, hover your cursor over Insurance. Select Life as the insurance type after selecting Additional Insurance.
  2. Once you’ve input your zip code, click the Start Quote button.
  3. To begin filling out the online form, please click this link. Select the coverage level that best fits your needs, then enter your personal information in the relevant fields.
  4. Take a series of health and lifestyle-related questions and answer them either yes or no. To see the quotes, click on the See Quotes button.
  5. Several insurance providers will be shown in a drop-down menu. In order to focus solely on no-exam insurance, you may select the amount of insurance coverage and the length of the policy term. Once you’ve selected a policy that you like, click the Continue button.
  6. You may request an application by submitting your name and contact information below. You must use the Continue button to continue. In the event that you make a purchase, we’ll send you a confirmation and a customer number.

What’s going to happen after that?

Following the submission of your application, Life Quote handles the rest. Before submitting your application to the provider, they’ll call you to make sure everything is in order. The insurance company will notify you if you need to give more information or undergo a medical examination. Depending on the service provider, the turnaround time might vary greatly. Obtaining approval for policies needing a medical exam can take up to 30 days and is almost never granted unless the policy costs over $500,000.

What types of life insurance coverage does Geico offer?

A Geico partner, Life Quotes, helps you compare policies from 50 different insurers. A.M. Best-rated suppliers are listed on the site, and only those companies are affiliated with the site (Excellent). AIG, Brighthouse, Lincoln Financial Group, Pacific Life, and Protective Life & Penn Mutual are just a few of the well-known companies in the financial services business.
Life Quotes supports people of all ages and health histories, as well as those who choose not to get a medical test.

  • Term life insurance. Insurance contracts with periods of 10 to 35 years are its specialty. With this plan, payments may be paid monthly, quarterly, or yearly, making it an affordable alternative. No-exam and accidental death insurance quotes are also solicited, as well as traditional conditions like living benefits and premium refunds.
    There is no change in the premium for a policy with a face value between $5,000 and $25 million. At the end of the term, it is possible to switch to a long-term policy, but this is less typical.
  • Permanent life insurance. For permanent life insurance, you’ll have to pay extra with Geico because they only provide term policies. Long-term coverage with a monetary value is provided by this insurance.

For your loved ones, there is a guaranteed death benefit as well as a financial value in the case of your passing away.

What riders can I add to my policy?

The following riders may allow you to customize your protection, but you should check with your insurance provider to be sure:

  • Rider for increased death benefit
  • Add-on for accidental mortality insurance
  • Rider who is under the age of 18
  • Rider for disability income assistance
  • A rider’s spouse
  • Premium-rider waiver

Geico life insurance reviews and complaints

As a consequence of its successful marketing, Geico has become a household name. Although the company has been in business for more than eight decades, the BBB does not recognize it (BBB). In spite of the fact that the BBB gave it an A+ rating, the company did not respond to a single customer complaint.

A total of 3,129 complaints have been received and dealt with by Geico in the past three years, the vast majority of which have been resolved. On TrustPilot, Geico scored a single rating out of five, with 28 consumers leaving input. Despite the company’s low prices being praised by others, many consumers were unsatisfied with the customer service.

Life Quotations, a partner of Geico, provides life insurance quotes.
The Better Business Bureau (BBB) has given this company an A+ rating since 1997. During the past three years, only two complaints have been filed with the Better Business Bureau.

For more options, check out our Bankers Life Insurance Review.