The Best Online Life Insurance Companies in 2024

No one enjoys buying life insurance, let alone researching which company to buy it from. But with the Internet, finding the best life insurance company (especially one that enables you to apply quickly online) is easier than ever.

Like every other financial product, the life insurance industry has gone digital. You can now buy life insurance online, completing the entire process without speaking to an individual.

As a former financial planner that sold life insurance the “old-fashioned way,” I’m impressed and amazed at how technology keeps pushing the envelope on efficiency. But as the industry makes its way online, there are variations in how the process works. For example, some companies are entirely online, while others are online with live assistance.

One of the major advantages of an online life insurance company is a simpler application process. You can complete the application online, without having to complete multi-page paper applications. This is huge!

They also offer the opportunity to easily compare prices or obtain coverage with certain medical conditions, commonly referred to as high-risk life insurance.

Below is a list of who I consider the best online life insurance companies. They’re not in any specific order because each company has strengths that make it stand out.

Our Short List of Top Picks

These are our top picks among the companies below. In the case of newer “online-only” platforms, the A.M. Best Rating is of the insurance carrier issuing the policies. If you’re concerned about what happens when an insurance companies goes out of business, going with one with a good A.M. Best rating is very important.

CompanyWhy We Like ThemA.M.
Best Rating
FabricFast policies, good for familiesA+
LadderLadder policies easily, quick quote, no medical exams up to $3MN/A*
Haven LifeOnly term life, fast coverageA++

*These companies have no A.M. Best rating because they work with multiple companies.

A.M. Best has 15 categories for its ratings and issues them based on the company’s financial strength, operating performance, and ability to meet obligations to its policyholders. The highest categories are A++ and A+, and anything above B+ is considered a secure rating. Anything B and below is considered “vulnerable.”

Table of Contents
  1. Fabric
  2. Ladder
  3. Everyday Life
  4. SelectQuote
  5. Allstate (formerly Esurance)
  6. Voya Financial
  7. Globe Life Insurance
  8. Legal & General
  9. Ethos
  10. Policygenius
  11. Final Thoughts


Fabric Logo

Fabric is a relatively newer entrant to the life insurance space, but they offer policies issued by Western-Southern Life Assurance Company. Western-Southern Life Assurance Company also has an A+ (Superior) rating for financial strength by A.M. Best. Fabric has a very quick online application process (10 minutes), and they offer 10-, 15-, 20-, 25-, and 30-year term life insurance with coverage from $100,000 all the way up to $5,000,000.

What separates Fabric from some others is that they do more than life insurance, they can also help create a will (for free) and help you organize your financial and legal information with their tools. If you are starting from scratch, they can help you get everything started.

Get your estimate today for free from Fabric


Ladder Logo

Ladder offers term life insurance policies to applicants between the ages of 20 and 60, with coverage available from $100,000 to as high as $8 million (coverage amounts vary by state). It has partnered with SoFi offering policies to its customers. Ladder is a pure online life insurance platform that has salaried, licensed agents that current or potential customers can talk to if they have questions about the process or their policy.

However, you don’t have to work with an agent to buy a policy. They’re a valuable resource to help answer questions, not incentivized to sell you policies, which is great. Ladder offers policies issued by multiple carriers.

One of the big advantages of Ladder is that once your policy is in effect, you can decrease your coverage. For example, if you need less coverage because your mortgage has been paid off, you can decrease the death benefit, thus decreasing your monthly premium. But you can also apply for more coverage, should your insurance needs go in the other direction.

Ladder is available in all states and offers only term life insurance. Terms range from 10 to 30 years, and no medical examinations are required for coverage up to $3M, just some health questions are included as part of the online application.

We did a review of Ladder, where we go deeper into them and its offerings.

Get your free estimate today from Ladder

Everyday Life

Everyday Life is an insurance broker, which means that they connect individuals with various insurance companies to help them find the best option. They work with major carriers like SBLI, Legal & General and more.

Their initial application only takes a few minutes to complete. Their average policy costs $15 a month and prices start at $4.

Everyday Life has an automatic laddering tool, which decreases coverage as you age. This means that your premiums may also go down, which can save you thousands over the life of the policy.

Everyday Life does not require a medical exam for most customers, so you can get a policy without having to go through the hassle of scheduling an appointment at a lab.

Everyday Life has a 4.4 out of 5 rating on Trustpilot. One reviewer said they went through the process and Everyday Life said they didn’t actually need to buy life insurance at all. If you buy a policy and aren’t happy, you can get a refund within the first 30 days.

Here’s our full review of Everyday Life.

Get your free estimate from Everyday Life


Selectquote logo

SelectQuote is a life insurance comparison platform, which means they’re not a direct provider. They’re an independent agency that offers coverage from many different companies.

You can complete a single application and get quotes from multiple providers. But one of the biggest advantages is finding the right insurance company for any health conditions you might have.

Life insurance is not standard across the industry. Some companies take a more favorable view of applicants with diabetes, heart disease, a previous bout with cancer, or even cigarette smoking. SelectQuote can help point you toward the companies that are most likely to approve your policy, and at the lowest premium rate.

Since SelectQuote is an actual insurance agency, another advantage they offer is live agents available who can help you find the right policy. This is very different than the online-only platforms, which may either offer limited product lines, or very limited customer service.

One factor to be aware of is SelectQuote only works with a dozen providers. While it’s one of the most popular online life insurance companies in the industry, they may not necessarily have the lowest prices or even the best policies for everyone.

Allstate (formerly Esurance)

esurance logo

Esurance, which was acquired by Allstate and was recently pulled into the fold, may be a bit of a surprise because they’re best known for car insurance, which they advertise heavily on the Internet and major media. But they also offer life insurance and offer more options than the competition, especially now that they’re fully integrated with Allstate.

A major advantage with Esurance is they offer whole life and universal life in addition to term policies (I think term life is better than whole life, but to each their own). You can apply and complete the process online. But if there are any complications, particularly involving health conditions, a live agent will need to get involved. This can turn it into something of a hybrid between online and person-to-person.

Esurance is a subsidiary of Allstate Insurance Company, which is one of the largest and best-known companies in the industry. Esurance itself operates more as the online division of the company but that will soon be going away (branding-wise) and it’ll Allstate throughout. Despite its strong online presence, the company maintains a network of 17 offices and 3,000 associates.

The availability of auto insurance also holds the prospect of lower premiums due to bundling.

Voya Financial

Voya Financial logo

Voya Financial life insurance policies are sold through ReliaStar Life Insurance and Security Life of Denver, but they’re all part of the same corporate umbrella.

One of the big advantages of Voya is its product selection. Unlike many online life insurance companies, that primarily sell term life insurance, Voya also offers universal life and variable universal life policies. They’re more expensive than term policies, but for certain people in specific situations, they may be preferable. The company also offers a very wide range of policy riders to customize your policy.

The disadvantage is that Voya is a direct provider, so you’ll be working only with the programs they offer. There’s no capability to shop your application with different companies. However, Voya is one of the most highly rated companies in the insurance industry and offers a higher level of direct support. You can start the process online but get as much help as you need to complete it.

Globe Life Insurance

Globe Life Logo

Globe Life Insurance is well known for offering low-cost term life insurance policies. They famously advertise “$1 Buys $50,000” or “$1 Buys $20,000 for Children”. A bit of an exaggeration actually, since $1 just gets the process going, acting as the first month’s premium. The actual premium you’ll pay will be more than $1, but you have to give them credit for an outstanding sales hook.

Globe Life is another online source that’s an online provider. The policies you’ll be purchasing are supplied directly by the company. Globe offers both term and whole life, including whole life for children. They also provide accidental death insurance, mortgage protection insurance, and even Medicare supplements.

The limitation with Globe is the size of their policies. They’re generally limited to no more than $100,000 for a term life policy for adults, or $50,000 for a whole life policy. Children’s policies are capped at $20,000. And like many of the providers on this list, they tend to favor healthy applicants.


Legal & General America is made up of Banner Life Insurance Company and William Penn Life Insurance Company and their parent company has been in business since 1836. They have an A+ Superior Rating from A.M. Best.

The company offers term life and universal life insurance. Terms range from as short as 10 years to as long as 40 years. Whole life policies are guaranteed acceptance policies. They offer coverage for people between the ages of 50 and 80, with death benefits no higher than $15,000.

One of the major advantages is that they will accept policies for higher-risk applicants, such as smokers and those with asthma. The company is known for its flexible underwriting, particularly if you only have a single medical condition. They also give favorable consideration if you have a history of taking care of your health. This can include participating in exercise regularly, getting an annual checkup, and completing routine preventative medical tests.


Ethos Logo

Ethos was one of the first insurance companies to offer online applications. They only offer term life insurance policies, and generally without medical exams. In this way, they operate similar to Haven Life, by making heavy use of third-party information sources in underwriting your application.

One of the major advantages of Ethos is price, as they are one of the lower-cost providers. The speed of application approval is also a benefit, with the use of third-party verification services. The actual policies themselves are provided by Assurity.

The major disadvantages are policy choice. They don’t offer whole life insurance or other types of cash value life insurance. But if you’re in excellent health, looking for a quick approval and low prices, Ethos is an excellent choice.


Policygenius logo

Similar to SelectQuote, Policygenius is an online life insurance aggregator, giving users access to many different insurance providers. More precisely, they’re an insurance broker, giving you an opportunity to find some of the lowest priced life insurance policies available. By completing a single online application, you can get quotes from several different companies.

One of the major advantages is larger policy amounts. Policygenius offers term life insurance, ranging from $500,000 to as high as $10 million. Terms can be as long as 30 years. Another is that Policygenius isn’t limited just to life insurance. You can also purchase auto, home, renters, disability, and even pet insurance.

Exactly how much of the process will be completed online will depend on the insurance company you work with. Some may require a significant amount of phone contact, while others may require none at all.

Final Thoughts

To get the best use of online life insurance companies, apply with the ones which closely match your personal situation. The industry has become highly specialized. For example, if you’re in excellent health, and need coverage quickly at a very low price, apply with Haven, Ladder, or Fabric.

If you have a medical condition, you may be better served by applying through online brokers like SelectQuote. If you’re looking for coverage for children, Globe Life is one of the leading providers in that category.

Finally, make sure you understand how much life insurance you need. You could be at risk if you don’t get enough and you may overpay if you get too much coverage.

Use this list as a high-altitude information source and choose the online provider that will work best for you.

(and if you need to insure against disability, we have this list of the best disability insurance companies today)

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About Jeff Rose

Jeff Rose is an entrepreneur disguised as a certified financial planner, author and blogger. He's best known for his blog and book, Soldier of Finance: Take Charge of Your Money and Invest in Your Future. He escaped a path of financial destruction from dropping out of college with over $20,000 of credit card debt to become a self-made millionaire. His mission is helping future generations accelerate achieving financial freedom by becoming Wealth Hackers™ on his YouTube channel.

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  1. Nick says

    Did you get a quote from all of these? Can you provide a ranking of rate comparisons so people can see the relative differences in price?

    • Jim Wang says

      Hi Nick – we didn’t get a quote from all of these. Insurance policies are difficult to price a rate comparison because of all the factors involved. The only way to know is to apply to several and see how the actual rate compares.

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