At Sproutt, we help people obtain insurance coverage according to their lifestyle, preferences and needs. Combining technology and human touch, we map a large variety of insurance products and companies, enabling a seamless, transparent and optimal way to match people with the insurance coverage that fits their needs.
How does Sproutt generate revenue?
As an insurance broker, we get paid a commission from the insurance company. To ensure objectivity, we set our employee compensation scheme in a way that makes them indifferent to which insurance company the customer selects; an advisor receives the same commission for all carriers.
Is Sproutt affiliated with any insurance companies?
No. We are an independent broker. We don't work for an insurance company, but rather for you - our customer. We have access to a large variety of life insurance companies, and we consistently review and rate leading life insurance companies and products, without any bias or hidden agenda.
Is Sproutt licensed?
Yes. Our insurance brokers are licensed by law in each state where they do business. You can find our licenses here.
Can Sproutt get discounts for its customers?
No. Insurance rate tables and premiums are filed with and regulated by your state's Department of Insurance. That means you pay the same price for a given insurance company's product, no matter from whom you buy it. Since we have access to a large variety of insurance companies and products, we are able to offer you a variety of available products.
Does Sproutt sell customer info?
No. We only share customer information with insurance companies once a customer decides to apply for a specific policy. Other than that, we never share personal customer information.
How does Sproutt choose and rate insurance companies?
We consistently review and rate a large variety of life insurance companies. Our rating is based on several parameters, including: financial strength, competitive pricing, product suite, ease of process, and customer reviews. This rating allows our readers and customers to compare products from different life insurance companies.
Can I speak with a real person?
Yes. An experienced Sproutt advisor is ready to speak with you at your convenience. Schedule a call or have an advisor call you promptly.
Can I apply for a life insurance policy online?
Yes. Some people like doing everything online - we get that. With Sproutt's digital platform, you can complete the application process online without speaking to an advisor. If you need help, you can always chat with an advisor or decide that you would like to schedule a call after all. That being said, it's important to know that most insurance companies do require a phone interview once an application has been submitted. As your broker, there's not much we can do about that except seek to make your experience as easy as possible.
About Life insurance
Do I need life insurance?
If someone depends on you financially, you probably need life insurance. Examples of specific life stages or life events that might trigger the need for life insurance include: you have children who depend on you for financial support; you just had a child or are planning to have one very soon; your spouse depends on you for income (even if you do not have children); you provide for another family member; you own a business and your employees rely on you for income as a result; you have debts, such as a mortgage; or you have assets that you want to pass on to heirs.
What is term life?
Term life insurance policies are generally characterized by their simplicity and affordability. These policies normally only provide death benefits coverage, and the coverage lasts for a set term. For example, policies might offer death benefits coverage for 10, 20 or 30 years (or some other duration).
What is whole life?
Whole life insurance policies provide death benefits coverage for the duration of a policyholder's life so long as the premiums are paid. Premiums are based on policyholder's age (at the policy effective date), and can become extremely expensive later in life. In contrast to term life insurance policies, whole life insurance policies can become more complex as they have multiple features. As such, we recommend you schedule a call with an advisor if you have questions about different products.
How much life insurance do I need?
The right life insurance policy provides you and your family with essential protection in the event of your death. If you die, this policy can ensure that your loved ones have the funds they need to cover your final bills, pay your debts and/or cover specific expenses, such as education costs for children. When selecting the amount of coverage to purchase, there are a few common guidelines to consider. You might purchase: 10 times your annual income, which might generate enough interest to replace your income; 10 times your income plus $100,000 per child, which might help pay for college; 10 times your living expenses plus any outstanding debts, which might assist your beneficiaries in paying off loans. Either way, make sure you consider the cost of your mortgage when calculating total debts and other recurring expenses.
What term length do I need?
Term life policies generally last for a defined number of years, usually in increments of 5 years, and you should be able to find one that provides coverage for as long as you need it. You may want a policy that lasts until: you reach retirement age; your children are grown and no longer dependents; your savings reach a specific amount; or your mortgage is paid off.