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Amplify Life Insurance Review

Amplify
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Amplify
Amplify
Bestmoney Staff
Aug. 29, 2024
3 min read
BestMoney Staff
Amplify Summary
Amplify Life Insurance, established in 2019, is a tech-driven life insurance provider that focuses on offering personalized Term Life Insurance solutions tailored to the modern consumer. The company is notable for its innovative approach, combining digital efficiency with customizable coverage options to make life insurance accessible and straightforward.

Pros

  • No confusing, difficult processes
  • Choice of online/telephonic application
  • 10, 20, or 30 years term options

Cons

  • No Whole Life option, only Term or Universal Life

Amplify at a glance

9.2
Editorial score

Coverage type

Offers either term or whole life insurance. Term life can be for up to 30 years.
8.0

Customization of policies

Customizable rates and deductibles, upgrades and downgrades available, decide whether to buy with an agent or buy online
10.0

Customer services and support

Multiple communication options, ability to speak to an agent
8.0

Online experience

Online fast application, learning resources, access to rates before application
10.0

Direct insurer?

Yes, direct insurer
10.0

Amplify Amplify Visit Site

Who Can Benefit From Amplify Life Insurance?

Amplify Life Insurance is ideal for young professionals and families seeking affordable and flexible term life insurance coverage. Its fully online process appeals to tech-savvy individuals who prefer managing their insurance needs digitally (and if you prefer the human touch, they have a team of licensed advisors). Additionally, those looking for a straightforward, customizable policy that can adjust as their financial needs change will find Amplify's offerings particularly beneficial.

Features

Amplify Life Insurance stands out for its tailored Term Life Insurance products, which are designed to cater to various life stages and financial goals. It offers several standout features that make it an appealing choice for those seeking Term Life Insurance.

Highlights include:

  • Flexible Term Options: 10, 20, or 30 years terms, tailor the coverage duration to specific needs and financial goals.

  • No Medical Exam for Some Policies: Depending on the coverage amount and the applicant's health status, some policies may not require a medical exam, streamlining the application process.

  • Convertible Policies: convert a term life policy into a permanent life insurance policy

  • Digital First Approach: offering an entirely online experience from quote to policy issuance, with the option for human assistance when needed

  • Transparent Pricing: clear and upfront pricing information

  • User-Friendly Website:intuitive and offers educational resources to help users make informed decisions

Application Process

The application process with Amplify Life Insurance is entirely online and can be completed in as little as 15 minutes. U.S. citizens who apply can decide to complete the application 100% digitally or can select to speak to one of their licenced advisors telephonically to conclude their application.

Here's How It Works

Amplify Life Insurance simplifies the process of obtaining term life insurance through a fully digital platform that guides users from initial inquiry to policy issuance. Here's a step-by-step breakdown of how the process works:

Get a Quote: Start by visiting Amplify’s website and entering basic personal information, including age, health status, and desired coverage amount. The platform instantly provides a preliminary quote based on the data provided.

Customize Your Policy: After receiving the initial quote, you can adjust the term length, coverage amount, and add any optional features to tailor the policy to your specific needs. Amplify’s platform allows for significant customization to ensure the policy fits your financial goals.

Complete the Application: Once satisfied with the policy options, you’ll proceed to fill out a more detailed application. This includes providing additional personal and health information. For some policies, a medical exam may be required, which Amplify coordinates at your convenience.

Review and Submit: After completing the application, review all the details to ensure accuracy. Amplify’s platform will guide you through each section, highlighting any areas that might require further attention before submission.

Medical Exam (if required): For policies requiring a medical exam, Amplify will schedule an appointment at a location and time convenient for you. This exam typically includes basic health checks like blood pressure, weight, and a blood sample.

Policy Approval: Once the application and medical exam (if needed) are completed, Amplify’s underwriting team reviews the application. This process usually takes a few days, after which you will receive notification of approval or any additional steps needed.

Finalization and Payment: Upon approval, you’ll be prompted to finalize the policy by selecting your payment options. Amplify offers flexible payment schedules to fit your budget.

Receive Your Policy: After payment is processed, you will receive your policy documents electronically. These documents outline all the details of your coverage, including the term length, coverage amount, and any special features you’ve selected.

This streamlined process ensures that obtaining life insurance is as hassle-free as possible, with most steps completed online from the comfort of your home.

Policy Types and Terms

Amplify offers a variety of term life insurance options, including:

Standard Term Life Insurance: Available in 10, 15, 20, and 30-year terms.

Convertible Policies: Allows conversion to permanent insurance without a medical exam within a specified period.

How Safe Is It?

Amplify Life Insurance takes data security seriously, employing SSL encryption for all online transactions and storing customer information securely. As a direct insurer, Amplify is regulated by state insurance departments, ensuring compliance with all legal and financial standards.

Help & Support

Amplify provides robust customer support through multiple channels:

Phone Support: Available Monday through Friday, 8 am to 8 pm (PT).

Live Chat: Accessible on the Amplify website for real-time assistance.

Email Support: Customers can email support for detailed inquiries.

Physical Address:

Bottom Line

Amplify Life Insurance offers a modern approach to life insurance, blending flexibility with ease of access. With its focus on customizable term policies and a fully digital platform, Amplify is an excellent choice for those who prioritize convenience and control over their insurance decisions.

Physical Address

Amplify Life Insurance, 548 Market St #36797, San Francisco, CA 94104, USA

Methodology

This review was created using information directly from the Amplify Life Insurance website, customer reviews on Trustpilot, and comparisons on insurance platforms.

AI was used in the generation of this content, along with human verification.

BestMoney Staff
Written by
Bestmoney Staff
Our editorial staff consists of writers who are knowledgeable about financial services. We specialize in simplifying the process of choosing the right provider for your needs.
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