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Progressive Life Insurance Review 2020



We have all heard the progressive life insurance ad that explains, "Think easier, think progressive."

With a slogan like this you can make you believe that they offer the best deals in town

… but Progressive is a home and car specialist!

Hmmm ………… Makes me wonder how they gather in the life insurance arena!

To sum things up in one word I say: BEWARE …

Here are three good reasons you should avoid Progressive Life Insurance and 5 tricks for to save your life insurance premiums!

Quick Guide / Table of Contents:

Progressive Life Insurance ̵
1; There Are Serious Red Flags

  Progressive Logo

The first red flag I noticed is the fact that Progressive is a multi-line insurance company. Which means they sell all different types of insurance – like home, car, etc.

Their motto is …

"Get insurance for almost everything you need"

… Unfortunately, this includes life insurance.

Now, to be honest, I can not comment on all the other insurance lines they have. From what little I know, Progressive has a pretty solid reputation.

But I can say with confidence that their reputation for life insurance does not follow.

So, what's the deal?

Our focus is life insurance. So we have a pretty good position to review the offer of progressive life insurance.

RELATED: 5 Critical Tips You Must Know Before Buying Life Insurance

Did you know that it will be a big step towards automating all aspects of customer service? Yep!

Prudential is already moving towards artificial intelligence and expects a 30% reduction in agent calls because they use a chatbot called askPRU.

We still offer personal service!

Prudential estimates that approximately 30% of its questions about financial consultants received by its contact center consultants today can be answered by askPRU. With frequently asked questions channeled to the chatbot, Prudentials Contact Center consultants will be able to focus on handling more complex inquiries and offer a better service to their financial consultants and clients. Fintech, Prudential Singapore expects 30% reduction in agent calls to Call Center

How about the progressive life insurance website?

Hmmm, another red flag.

The page Progressive Life Insurance starts with a search engine "Get a quote". Unfortunately, this is really just a sticky web that catches people who do not know much about life insurance.

Come on, it's quick and easy. Chances are you simply want to jump right in to get a quote.

NOT SO FAST!

I have three major reservations when it comes to buying Progressive Life Insurance and I will share them with you right now!


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3 reasons to avoid progressive life insurance

1. Progressive does not really sell life insurance!

What?

How can a life insurance company not sell life insurance?

Okay! Here's the secret … if you look at the first line of their introduction it says "Progressive Advantage ® life insurance (run by Efinancial) …"

What?

What is "Efinancial"? [19659004] Well, you will not find out if you do not read on and even then you may have the impression that it is a tool that generates quotes.

The simple truth is that Efinancial is a life insurance center!

Yep.

Progressive Life Insurance Company is frankly a LEAD GENERATOR for Efinancial.

So the name, Progressive Life Insurance, is somewhat misleading. Progressive is not a life insurance company and does not have life insurance agents at all.

They have a business agreement with Efinancial.com where they receive a fee for referrals or one percent of the commission. I'm not sure exactly how this business arrangement works – but the point is …

… PROGRESSIVE DOES NOT REALLY SELL LIFE INSURANCE!

This is a serious alarm clock

When you click "Get a quote", you are immediately taken to Efinanacial.com.

When you begin the citation process – your relationship with Progressive ends. [19659004] The agent you are talking to works for Efinancial – NOT PROGRESSIVE!

I personally think this is very misleading.

It's not like Progressive does anything wrong – but most people do not & # 39; do not realize that they are doing business with E-Financial – a company they have probably never heard of.

RELATED: Check Examples of Life Insurance Rates by Age (No personal information required)

Neither Efinancial nor the life insurance companies they represent have any affiliation with Progressive at all.

The agents at Efinancial k are now their business because they are licensed – BUT the problem with Call Center agents is that they have to write a certain number of policies every day.

So they are inspired to generate serious numbers as opposed to working with customers on an individual basis.

So let's check out the life insurance companies they represent.

Yep, they are some of the best – t ha t is said, the number of companies they work with is only a small fraction of what is out there.

You want to work with an agent who has access to dozens of insurance companies. This is how you get the best possible prices.

In addition, call center agents only provide assistance until you log in to the dashed line.

When the sale is complete, they are done with you. Do not expect any follow-up as they are already processing the next application.

Okay, I hear you – but maybe their products are amazing.

Well, this leads me to the next red flag!

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Skip the needles

Do you want to take the "pain" out of life insurance? We do not blame you! Bestow is one of our best recommended companies without a degree that offers 10 and 20 year plans up to the age of 55. See if you qualify for "no degree" today.

The offer is fast, easy, and free! [19659074] 2. Progressive / financial life insurance is limited

Check out the page Progressive life insurance. This is where you will find more information about their products.

So they e offers a selection of Term and Permanent products.

… right?

The thing is that they really only offer Life Insurance through time-limited and non-medical degree through the limited number of companies that Efinancial represents.

Hi as you know I'm a term life insurance supporter.

It's a great product and works best for most Americans – BUT if you are a high income earner, business owner or have a large property, it does not fit at all.

Hmmm …

I bet you thought Progressive Life Insurance offered permanent life insurance. So what's going on here?

Well to put it in a nutshell, call center agents do not really have time to get you through all the difficulties with these types of permanent life insurance products.

This is because they are quite complicated and they want to create quick and easy sales.

The thing is that life insurance can be complicated and you want an agent who knows all the in and out products to suit your personal circumstances.

If you have any questions, you would like an agent who can talk to you through the application process.

Like I said, e-financial agents know what they're talking about, so it's likely they can provide answers, but will they be good at researching alternative solutions that fit YOUR needs? be hit with a much higher quote than you thought you would pay.

Independent Agents Save You Serious Money

The truth is that a Call Center agent will not go to beat you with the insurer.

In other words, they will not try to renegotiate or get you a better deal. You need an independent agent for that.

Not to mention the fact that the products offered by different insurance companies vary considerably. Almost all companies have their own impression of Whole Life and Universal Life insurance policies.

You really need someone who understands the nuances so that they can save you serious money. Again, this is best suited for independent agents.

Ok, Chris, I hear you, but they do not offer a medical examination and that appeals to me!

It's all well and good, but you will apply via a questionnaire, which means you will not be talking to a real person. Life insurance is VERY personal.

The BEST way to get affordable rates is to work with someone who has been around the block. Someone who is familiar with the guidelines for insurance and can find you a lot.

… and what happens if you are rejected? What then?

This leads me to the third RED FLAG …

3. If you are older or have a medical condition Progressive is not for you

If you are young and healthy, it is likely that you will whip directly through the application process with Efinancial.

… and the good news is that you'll probably get a pretty decent quote.

I'm not going to say it will be the cheapest but it will be in the ballpark.

That's because ALL LIFE INSURANCE LOVES YOUNG AND HEALTH SEEKERS!

The key to work comes when you have previous problems or medical conditions such as:

  • Old age
  • Diabetes, Crohn's disease, cancer, etc.
  • A life-threatening condition
  • Weight problems
  • High blood pressure or high blood pressure
  • A family history containing serious medical conditions
  • A high-risk church or hobbies
  • DUIs [19659109] Psychological or psychiatric conditions
  • Requires specialized insurance coverage
  • Does business need life insurance Believe me

    is just the tip of the iceberg . There are a whole host of personal and medical issues that can get you rejected.

    This is another reason why you want to avoid Progressive Life Insurance – because you have no way of knowing what you'll end up in and if it's the best situation. for you.

    Unfortunately, most people simply know nothing about the insurance process used by life insurance companies, so you can stop paying too much money.

    Life insurance is a long-term long-term investment. You want a quality product at a pace that does not break.

    Forget Progressive – Let us help you

    We take life insurance seriously and SO YOU SHOULD!

    People – next to your mortgage, a life insurance policy is one of the biggest lifetime investments you make! [19659004] If you do not do it right, it can COST you thousands of dollars!

    We know the insider secrets that give you the best possible prizes.

    How do we do this? We know all insurers and keep up to date with their ever-changing guidelines. We ALSO LOVE life insurance. This is a passion, not just a business for our agents.

    We can save 10–70%! Yes, all of this is available to you to simply contact our superstar agents.

    Now I'll show you five ways we're leaving Progressive Life Insurance in the ground – and how we'll save you a lot of money.

    There are many different types of life insurance policies – all of which have additional options and variations, and can be confusing and overwhelming for many consumers. But when it comes to buying life insurance, it is very important to get it right. Business Insider, 4 smart things that everyone under the age of 40 should do with their money


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    Avoid Lump Sum Payment Option

    Lump sums are overestimated.

    How many commercials have you seen advertising the benefits of a "Tax-Free Lump Sum"?

    Sounds good?

    NOPE! Here's why …

    Choosing a policy with a lump sum costs you more money – and I'm talking anywhere from hundreds to even thousands of dollars!

    Who knew? To give you some inside information, most insurance companies offer a "Option Stream Option".

    This means that instead of your beneficiaries receiving a lump sum, they will receive a partial lump sum PLUS an income stream that will be spread over the coming decades or so.

    Here's how it works …

    Let's say you're 35 years old and need a $ 750,000 term policy and you choose to go with a 20-year period. [19659004] If you choose a one-time payment, your premiums will cost approximately $ 818 per month.

    If you choose the income stream method instead, your recipients will immediately receive $ 150,000. For the next 20 years, they will also receive $ 2,500 a month.

    AND – There is a definite upward trend for you – because you chose the income stream, your monthly premium will be reduced to $ 629.00 per month!

    This is a SAVING OF 23% – OR A TOTAL $ 3780 DOLLARS OVER 20 YEARS!

    I'm not done yet … if you decide to extend the income stream for an even longer period – you can save even more!

    You do not get that kind of money saving tip from a call center agent!

    Buy Multi-Purpose Policies

    What's the first thing you do when considering buying life insurance?

    Well, you will probably sit down to calculate how much money you need to cover debts and provide enough money for your loved ones should you die.

    "Well, I think I get a $ 1,000,000 policy and it takes care of everything."

    GREAT! But a hefty $ 1,000,000 policy costs you about $ 805 a year. If you keep that policy for 30 years, you're going to spend $ 24,150 to be exact!

    Let's break this down into needs – they probably look a little more like this:

    1. $ 500,000 policy for 30 years to cover income compensation
    2. $ 350,000 insurance for 20 years to cover your mortgage
    3. $ 150,000 for 5 years to cover the cost of college education for 2 children.

    If you buy three separate insurances – which we refer to to "put" your policies in this biz – these 3 policies cost you only $ 740 per year!

    Just off the bat, you'll save $ 65.00 a year!

    …. And along the line, you will save more because you no longer have to cover $ 150,000 for your children when they graduate from college. This is a saving of $ 92.00 per year!

    Further down the line – savings grow when you lose $ 350,000 in coverage because you've paid off your mortgage in 20 years. Whew! That's now a saving of about $ 198.00 a year!

    The conclusion? You end up paying a total of $ 17,924 during your 30-year period. The savings are fantastic $ 6225.30!

    Hmmm, do you think the call center agents on Progressive's partner website Efinancial will tell you about this MONEY SAVING TIP !? I doubt!

    We specialize in pre-existing health conditions

    You may be doing well if you are young and healthy and going through Progressive's affiliate call center agents. But what if you have a health condition?

    … and it does not have to be serious. It can be anything from carrying extra weight, high blood pressure and / or cholesterol, diabetes, Crohn's, to a previous history of cancer.

    The insurance guidelines used by each of the 850 insurance companies in America are very "RESPONSIBLE".

    There are many companies that are very conservative and will not even consider a whole lot of health conditions.

    But here's the thing – medical treatments improve people's lifespan every day.

    It often takes a lot of time for life insurance companies to adopt new ways of guaranteeing health conditions that reflect these new treatments. Thankfully, this is not the whole story.

    Other insurance companies are at the top of their game and are changing their insurance strategy to reflect new medical advances earlier than other companies.

    There are insurers out there that are very mild for certain health conditions and yet even these companies can vary.

    Our agents dig right into the guidelines of these companies to find the best deals.

    Sometimes a change in rating is based on a few pounds extra pounds, a birthday or a few points here and there on your cholesterol and blood pressure readings.

    Did you know that there are so many 14 – 16 grade levels used by insurers?

    … and the shocking part is – EVERY CHANGE OF RATING CAN COST YOU AS MUCH 25% MORE ON THE PREMIUM YOU PAY! especially insurance companies, your premiums can drop by as much as 25%! A simple call here can really put your pockets together.

    Seniors do not feel well with progressive life insurance

    People – people live longer and longer today!

    Which means that more and more older people are starting to realize that they need their life insurance to last longer than they originally thought.

    There are so many reasons why they need additional or continued protection – possibly they still have an outstanding mortgage, business debts or maybe they remarried and have new relatives to think about.

    What many seniors do not know is that a small proportion of life insurers actually give you a better break on your premiums simply because of your age. That's right!

    I bet you think packing a few pounds more or having some elevated cholesterol in your later years will knock you out of battle for big prizes.

    … and you may be right about SOME INSURERS

    But here we know which companies are gentle when it comes to seniors with your special circumstances.

    Everything goes back to the rating system we talked about in the previous money-saving tip.

    By knowing which companies are lighter in their insurance guidelines, we may be able to save 25% on what you pay simply by finding a company that has more liberal guidelines for the elderly.

    Save Money – Buy MORE Insurance!

    "Chris, how can I save money by buying MORE life insurance?" It sounds completely illogical!

    You will never get this money saving tip from Progressive's call center, I can tell you right now.

    You see that it is quite simple and very few agents will fill you in, but the life insurance business is very competitive.

    That being said, what they are really competing for is certain amounts of life insurance. The focus is specifically on nominal values ​​of $ 100,000, $ 250,000 and $ 500,000.

    But what if you only need $ 200,000 or $ 450,000 in coverage? Why go up to $ 250,000 or $ 500,000 – because we realize it will cost you more …

    WRONG!

    Because companies compete so hard for the same monetary values, they actually offer discounts to get your business.

    Choosing $ 200,000 in coverage can cost you $ 269.00 per year.

    If you were spitting for the $ 250,000 policy, which is one of the hardships in hard competition, you might only pay $ 238.00 a year.

    It's crazy but you get more coverage for less money! Propert!

    Why should you trust us

    … and you know which ladies and gentlemen? I have many more tricks up my sleeve!

    If you call us today we can show you how to save money on your premiums and trust me, these are not strategies you will find on Progressive Life Insurance.

    The simple truth is that we provide outstanding personal service.

    A call center cannot offer our standard for client interaction and follow-up. Our independent life insurance agents take the time required to understand your needs to find the best possible insurance company.

    We will be with you throughout the insurance process, so you will not be surprised.

    Do not find better prices

    With a little preparation you will be shocked to see how much we can lower your premiums. Did you know that there are things you can do before your medical examination to improve your results?

    Yep! We help you get ready for the big day.

    What happens if the company you choose rejects you? Do not worry, we take the time to find a better fit.

    There are so many different companies and approaches. Do not let existing medical conditions deter you!

    With us you are a client for life! We are there to answer your questions and help you adapt your needs as they change – because they will certainly do so.

    We are very proud to offer the best customer service you will find anywhere.

    Forget Progressive Life Insurance. We can do better!

    If you want the best insurance at the lowest cost, call Huntley Wealth Insurance Services at 888-603-2876 right now.

    For more of the best providers of coverage, check out our list of the best life insurance companies.

    * While doing our utmost to keep our site up to date, please be aware that "current" information on this site, such as quotation estimates or relevant company information, may only be accurate from the last day of editing. Huntley Wealth & Insurance Services and its representatives do not provide legal or tax advice. Please contact your own legal or tax advisor.


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