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Progressive Life Insurance Review

Sarah Badani
May. 19, 2021
4 min read
Sarah Badani
Progressive Summary
Progressive is an insurance provider comparison tool that partners with the top brands in insurance today. In addition to car insurance, home insurance, boat insurance, health insurance, and many others, Progressive offers affordable life insurance policies. The site is easy to use and lets you see various offers for a quick and simple price comparison, so you can find a life insurance policy for your needs in an instant.

Pros

  • Free life insurance quote online
  • Great comparison tool from a network of reliable providers

Cons

  • Not a direct life insurance provider
  • Term policies stop at age 80

Progressive at a glance

7.2
Editorial score

Coverage type

Offers both term and whole life insurance with no medical exams required.
10.0

Customization of policies

Customizable rates and deductibles, some upgrades and downgrades available
8.0

Customer services and support

Multiple communication options, ability to speak to an agent
8.0

Online experience

Not a fully online experience
2.0

Direct insurer?

Independent broker
8.0

Suitable For?

Progressive is a great choice for people looking for life insurance policies, including:

  • Younger people just starting a family
  • Seniors who want to ensure their spouses are cared for after they’re gone
  • Anyone who wants to use life insurance policy as a cash value option

Features

Progressive provides you with an easy-to-use comparison tool for finding a life insurance policy for you. The site has loads of information, instant results, and helpful customer service. Progressive also has a convenient online tool that helps you calculate how much life insurance coverage you’ll need to cover your family’s expenses when you’re gone.

  • Easy online comparison tool
  • Great customer support
  • Tons of life insurance educational materials
  • Coverage calculator
  • Whole, term, final expenses insurance policies
  • Local agents for guided assistance

Application Process

Working with Progressive is fast and easy. Here’s how it goes:

Step 1: First, you’ll start out with the online questionnaire. These are basic questions about yourself to help decide which policy is for you. Here’s where you’ll also choose the length of term insurance you want, how much coverage you need, what type of insurance coverage you want, monthly payment amounts, and other details about your policy.

Step 2: Next, Progressive will give you a few quotes from real life insurance providers. This is instantaneous, so you don’t have to wait around for answers to come.

Step 3: Choose your policy and receive coverage in as little as 24 hours.

Alternatively, Progressive has customer service reps who can walk you through the process and answer any questions if you prefer to be assisted with the signup. Progressive also partners with independent life insurance agents, so you can get paired up with a local agent who will help you through the whole life insurance process.

Policy Types and Terms

One of the primary benefits of working with Progressive is the wide range of policy options you can find. Since Progressive works with a huge network of life insurance providers, options abound. The end result of all of these options is that you can generally find a better and more affordable insurance policy thanks to competitive pricing.

Progressive makes comparison shopping a cinch. You tell the service what you’re looking for in terms of length of policy, how much you want to be covered for, and a little bit about your health and lifestyle. Then, Progressive will generate several quotes from a variety of life insurance policy providers. You can just run down the list to see which policy provider is offering you with a deal. It’s as easy as that.

A few of the life insurance policies that are available through Progressive partners are:

  • Term Life Insurance

Term life insurance is available for ages 18-80, and you can choose between 10-, 15-, 20-, and 30-year terms. Payouts offered are $100k+. Term life insurance can be helpful in covering expenses such as mortgage payments, children’s college tuition, lost income, and debt after you’ve passed away.

  • Permanent Life Insurance

Of course, if you really want to keep your family protected, then term life might not be enough.  Progressive offers permanent life insurance options for those who want more coverage. These policies last your entire lifetime and take effect when you pass away. You can choose from whole life insurance, which is the same premium every month for the rest of your life with a predetermined death benefit paid out at the time of death. Alternatively, you can choose a universal life insurance policy that gives you more flexibility in premiums and beneficiary payments.

For this type of insurance, you’ll need to take a medical exam, though. Policies cover ages 18-85.

  • Final Expense Insurance

If you aren't interested in a full life insurance policy, there is still an option you can consider. Funeral expenses are expensive, hovering between $7-$10k. The last thing most people want is to thrust such a major expense onto their loved one's shoulders, especially at a time when they are grieving. Final Expense Insurance is a convenient way for you to provide for this untimely expense before you pass away, so your family doesn't have to be burdened with it afterward. This type of insurance can cost as little as $10 a month and ranges in coverage from $5,000 up to $35,000. You can choose how long you'd like to have the policy for, or you can have it continually until it's needed.

Final Expense Insurance covers some major expenses at the time of death, including:

  • Funeral and burial costs
  • Medical bills not covered by your insurance
  • Credit card bills or debt
  • Various other expenses that were accrued toward the end of your life
  • Treatments for a terminal illness (though this is an added coverage)

Generally, Progressive offers Final Expense Insurance to members from the ages of 50-85. There’s no medical exam needed, and coverage can start within 24 hours of being purchased.

There's also plenty of flexibility in the terms of Progressive partner life insurance policies. You can get coverage amounts ranging anywhere from $50,000 all the way up to $1 million. Choose from term life insurance plans with 1-, 20-, or 30-year terms, or opt for the full (permanent) life insurance policy.

What’s more, Progressive lets you choose whether to pay monthly, quarterly, or annually. So, you can find a policy that suits your budget. We have to say that's a lot of options that Progressive offers its customers.

Requirements will vary based on insurance policy provider, but a few factors that determine your policy terms include your:

  • Age
  • Health status and history
  • Career
  • Usage of tobacco products
  • Travel habits
  • Duration of the policy term
  • Amount of coverage being requested

How Safe Is It?

Progressive Life Insurance uses Norton Secured by Digicert. This is one of the most highly-regarded online security software providers in the industry, so it’s a big deal. Norton Secured ensures that all data that is transmitted over the website is fully encrypted using an SSL/TLS Certificate. The site is also constantly scanned for malicious software and other online threats and has been found to be clear of any issues. Norton also goes out of its way to research and confirm the credibility and identity of every company that enlists its services. So Progressive has been confirmed and validated as a secure business.

Help & Support

Progressive Life Insurance offers 24/7 customer support. That’s a big relief and a rare commodity in this industry. Customers and interested parties can reach customer support via the toll-free phone number: 1-800-776-4737. Alternatively, members can make use of the online messaging services, including live chat and email customer support.

Progressive at a Glance

All in all, we were impressed with Progressive as a company. The website is easy to use as well as the online comparison tool. The partners that you can find on the site are all reliable insurance providers, and Progressive uses top-notch online security protection. It also explains everything you need to know about the different types of insurance policies and options clearly on the website, so you can DIY if you want to.

Physical Address

The Progressive Corporation

6300 Wilson Mills Rd.

Mayfield Village, Ohio 44143

Sarah Badani
Written by
Sarah Badani
Sarah Badani has extensive research and review experience in the finance industry. With a degree in psychology and education, she brings a level of depth and understanding to her writing along with her own flavor to spice up each topic in a unique and inviting way. She writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
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