There’s a very good chance you’ve heard about Progressive Insurance before.
The reason for this is their catchy television commercials featuring “Flo” are regularly splashed across dozens of channels.
What you might not know is Progressive offers life insurance in addition to the car insurance most commonly advertised on television.
So, how does Progressive Life Insurance stack up against the life insurance products from other providers? That’s exactly what we’re going to explore today.
Here’s our comprehensive Progressive Life Insurance Company review to allow you to see what this popular company is all about.
Our Progressive Life Insurance Review (eFinancial Review)
The three main highlights of Progressive Life Insurance you need to know are:
- Highly-rated provider
- Life insurance goes through eFinancial
- Excellent customer service
The most important detail to focus on is Progressive doesn’t offer its own life insurance, but rather offers it through eFinancial.
This means although we refer to the insurance as Progressive Life Insurance, it’s actually more truthfully eFinancial life insurance.
What Progressive Life Insurance is All About
Progressive Life Insurance takes on life insurance the same way as they do all their other insurance products:
With the confidence and professionalism of an insurance provider who has long been at the top of the game.
Yet, even though they’re one of the largest insurance providers in the United States, Progressive still manages to bring a small business feel to the table.
Nowhere is this small business feel more evident than in their customer support. They’re committed to ensuring each client receives the absolute best help and support possible.
One way they accomplish this is through their numerous coverage types and options. They have something which suits just about everyone’s needs and preferences.
Their most popular life insurance options, offered through eFinancial, include:
- Whole life insurance
- Term life insurance
- Final expense life insurance
It’s important to note, however, eFinancial is focused mainly on term life insurance. This makes them more of an alternative life insurance provider rather than a traditional one.
Did you know, the first ever life insurance policies were only whole life?
Term life insurance is much easier to qualify for, even for those with serious medical conditions, and tends to cost less than traditional coverage.
The downside is it’s only available for a set period of time (instead of your whole life) and doesn’t build up cash value.
What Makes Progressive Life Insurance Unique
Perhaps what makes Progressive Life Insurance most unique is they actually offer insurance from another company.
Instead of providing their own life insurance, Progressive simply directs interested clients to eFinancial. It’s eFinancial who actually offers the life insurance you’ll get.
The partnership between the two companies is strong. They’ve maintained a successful relationship over the past several years resulting in plenty of happy customers.
eFinancial takes a unique approach to life insurance. They have a tool which provides 24/7 quotes on their website (much like ours).
This means you can explore the premiums you’ll likely receive from Progressive/eFinancial without even filling out an application.
Interestingly, Progressive also provides comparative quotes. They show you exactly how much you can expect to pay to their competitors for the same level of coverage.
This honesty and transparency is a fresh of breath air. It makes finding the truly most affordable coverage all the easier.
Finally, Progressive Life Insurance is unique because they offer 24/7 customer support. You can call them at any time of the day, and on any day of the week, and expect an answer.
Most other life insurance companies only offer live customer support during normal business hours – and even then, it can be tricky to get a live representative on the phone.
The Application Process
Applying for life insurance from Progressive is simple.
It starts with visiting their website, clicking the link to life insurance, and being directed to the eFinancial website.
Here you can request a quote and then compare it to several other life insurance providers.
If you’d like to take things to the next level, the next step is applying for coverage. You’ll fill out a brief application which is then submitted directly.
The application covers basic information and your health and lifestyle. An underwriter at Progressive (eFinancia) l will review the information to assess your risk.
The underwriter then uses this information to give you a rating class which is what dictates how much you’ll pay for your life insurance coverage.
Progressive offers a wide range of features to help you better tailor your life insurance coverage to your specific needs.
The company is also known for its other types of insurance, namely:
- Car insurance
- Motorcycle insurance
- RV insurance
- Home insurance
Many of those who buy a life insurance policy from Progressive also look into these other types of insurance.
What We Like About Progressive
The benefits of Progressive Life Insurance are numerous and are likely to impress you.
The top benefits include:
- Established name
- Solid reputation
- 24/7 comparative quotes
- Excellent website and customer service
- Variety of options
Perhaps our favorite benefit of Progressive is their solid reputation and excellent track record.
As one of the most popular insurance providers in the United States, it just makes sense Progressive has such a stellar reputation.
Case in point: eFinancial, the company who sells their life insurance through Progressive, has one of the best reputations for handling customer complaints.
While the initial number of complaints is small, it’s clear eFinancial still treats each complaint seriously and finds a solution as quickly as possible.
What We Don’t Like About Progressive Life
Perhaps the single biggest disadvantage about Progressive Life Insurance is the fact you’re redirected to someone else for life insurance.
One would think a company so large and focused on insurance would cover something as important as life insurance, without having to let someone else do it for them.
If you are ONLY in the market for life insurance, and nothing else, we might recommend another carrier; you’ll probably save money.
Who Are They Best for?
Progressive and eFinancial life insurance are a strong recommendation for those who are interested in term life insurance, and for those who are also looking to get other lines of coverage, all in under one roof.
The company isn’t the best option for anyone looking for traditional coverage, but is still a reputable choice for those looking for a life insurance mixed with other lines.
Progressive is also perfect for those who highly value customer service. It’s no problem to connect with a live representative 24/7 – a service few other life insurance providers can match.
Progressive’s Customer Service
As we mentioned several times throughout this review, Progressive Life Insurance has phenomenal customer support.
Their high level of customer support is no doubt thanks to their success as a company. Sure, the customer service department sometimes has a call center atmospheres, but it means you can expect to talk to a live representative around the clock.
All our experiences with the Progressive or eFinancial customer support teams have been top-notch. Our questions have been answered quickly and professionally.
Give Progressive a chance if you’re overhauling all your different insurance types, but if you just want life insurance, have a peek at some of our no exam carriers to see about getting covered quicker.
|Company Name (and Subsidiaries)||Progressive Corporation|
Progressive American Insurance Company
Progressive Casualty Insurance Company
|Company Ratings||A.M. Best (A+)|
Moody’s Investors Services (Aa2)
Standard & Poor’s (AA)
|Headquarters (Address, Phone, Web)||6300 Wilson Mills Rd.|
Mayfield Village, Ohio 44143
|Policy Types Available||Term|