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NextGen is ideal for anyone who doesn’t know a lot about life insurance policies but is interested in getting one for themselves or their loved ones. This company takes the extra time to explain every single aspect of the insurance process, so you can finally understand all that fine print you are signing off on.
If you're looking for life insurance, NextGen is a great place to turn. To kick things off, the website is clean, easy to navigate, and everything is written out in clear, understandable language. That's probably one of the biggest benefits you'll receive from working with NextGen.
Speaks in a language you can understand
Unlike the usual process of getting life insurance (or any insurance for that matter), NextGen makes purchasing a life insurance policy quick, easy, and sans the headache. That’s because this company provides you with clear and easy to understand explanations of every step of the process from quote to coverage. There are blog articles, FAQs, and even amusing images to help you get what’s involved. There’s absolutely zero technical talk or legal jargon being thrown around. Instead, NextGen takes the time to clearly explain it all so that you aren’t left with a policy you can’t afford, didn’t agree to, or don’t want simply because of a misunderstood term.
Competitive rates
Additionally, NextGen has a huge network of insurance providers. This makes it easier for people to find more competitive rates and better terms for their policies. You end up saving more by going through NextGen than you would normally. In fact, users have noted that they have received up to 58% discounts on rates by going through this company.
Pleasant people to work with
If you have a minute, read through the About Us page on NextGen. Just these few lines will show you the kind of people you’re dealing with. Friendly, amiable, and a dash of humor is the NextGen approach to life insurance. And considering the fact that this industry can be drab and even depressing at some times, it’s nice to finally have a company that can crack a joke throughout the process (while not losing an ounce of professionalism).
Easy comparison tool
Big savings potential
Working with a certified CFP
Free online quotes
Personable approach to life insurance
Not a direct provider of policies in and of itself, NextGen works as a powerful search engine. When you put your information into the free quote generator, NextGen crunches the numbers for you and returns several life insurance policy providers that suit your needs. You can then scan the list for the most appealing offers, compare the different rates, and select the one that works for you. It's fast, easy, and saves you tons of time and money.
Since NextGen is not a direct provider of insurance policies, it doesn’t determine the terms or conditions. How long things take, what requirements you need to fill, and how much you’ll pay for premiums will vary depending on the life insurance provider you choose and your final policy terms.
NextGen offers 2 categories of life insurance policies: term insurance and permanent life insurance.
Term life insurance
Term life insurance is a policy you take out for a set amount of time. During that time, you pay regular premiums, and a death benefit is paid out to the beneficiary in the event of your death. Once a term life insurance policy expires, you stop making payments, and the beneficiary can no longer receive benefits if something happens. These types of policies are generally cheaper and easier to manage, making them more popular than the alternatives.
Permanent life insurance
Alternatively, you can get permanent life insurance. This is a policy that you will pay premiums on for the rest of your life. The benefit here is that no matter when you pass away, the beneficiary will receive the death benefit. Permanent life insurance policies are also used as an investment at times.
NextGen works with providers that have both term and permanent life insurance policies. Additionally, NextGen offers Guaranteed Universal Life Insurance, Variable Life Insurance, Equity Indexed Life Insurance, Guaranteed Issue Life Insurance, Accidental Death Insurance, and Simplified Issue Life Insurance policies. These are various forms of permanent life insurance and come with slightly different benefits.
Since NextGen doesn’t provide you directly with the insurance policy, it doesn’t have any specific requirements you need to meet to be eligible for coverage. In fact, anyone at all can take advantage of the free quote tool online and all the invaluable life insurance policy information provided for you by NextGen. However, there are several common factors that many partners will take into consideration including:
Driving record
Extreme hobbies or other hazardous lifestyle choices
Health status (usually requiring a medical exam, but not always)
Smoking status (whether or not you smoke)
The state you live in
Height and weight
Age
Gender
Because it is not a direct policy provider, NextGen never deals with any of your sensitive information like your SSN, your bank account information, etc. You don't have to worry about security because there's nothing to secure! That being said, to quote NextGen directly, the company uses "appropriate safeguards" to maintain security and confidentiality throughout the website.
NextGen is all about help and support, so it's not surprising that this is another area where it shines. You can reach out to a customer support rep via phone and email support (online contact form on the website). There's no live chat functionality, but we haven't seen that too much in this industry anyway. You can also reach out via Twitter, LinkedIn, Facebook, Pinterest, and Google+.
We already mentioned the in-depth explanations that are given on every page to keep terms and phrases crystal clear. On top of that, NextGen has a full blog and FAQ section that deals with all sorts of life insurance questions and topics. Everything from who does and doesn’t need life insurance to how to calculate how much of a policy you should take out is covered in these informative and easy to read blog posts. NextGen also has a full life insurance guide to give you a convenient resource with all of the answers in one place.
NextGen Life Insurance was started by Clint Haynes, a Certified Financial Planner for almost 2 decades. The reason the site was created was to give consumers a resource for understanding the incredibly complex and oft times confusing world of life insurance. As far as goals go, it's a great one, and NextGen more than achieved it. With a clear, clean, and highly informative site, NextGen not only explains the convoluted life insurance system, but it also gives the consumer tools to help them along the process.
From the free online life insurance quote tool to a handy calculator, NextGen makes life insurance policy comparisons easy and fast. You get favorable rates with this site, making NextGen a valuable service for anyone in the market.
405 SW Waterfall Ct #101
Lee's Summit, MO 64081, USA
