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About Lemonade Life Reviews
Lemonade's life insurance offering has a quick application process for term life insurance that eliminates the need for medical exams and long wait times. The company offers up to $1.5 million in coverage for 10-, 15-, 20-, 25- and 30-year term life insurance policies. Policy prices are based on coverage amount, term, location, lifestyle and health factors and are locked for the entire length of the term. Its life insurance product is available in every state except New York, and prices start at $9 per month.
Pros & Cons
- Locked policy rates
- 100% digital
- No medical exam
- Must be under 60 to apply
- Not available in New York
Lemonade offers a fully digital life insurance process that doesn’t require an in-person medical exam. The company offers 10-, 15-, 20-, 25- and 30-year term life policies with rates starting as low as $9 a month, if approved.
What is Lemonade Life?
Lemonade’s life insurance is offered through Bestow. It offers seamless term life policies that help protect your loved ones financially if you die during your policy’s term. The company offers up to $1.5 million in coverage for 10-, 15-, 20-, 25- and 30-year term options.
How does Lemonade Life work?
Applying for term life insurance at Lemonade is quick and fully digital. Lemonade offers a 100% online process through its website and mobile app, with no need for in-person visits or medical exams. Those between the ages of 18 and 60 can apply by going to Lemonade’s website and chatting with a bot regarding their health, lifestyle and demographic information to get a price estimate.
People with histories of cancer, heart disease or life-threatening conditions may be ineligible for life policies. If you’re approved, Lemonade will help you properly list your beneficiaries and provide you with all of the information you’d need if something bad were to happen to you.
Lemonade offers 10-, 15-, 20-, 25- and 30-year term policies with locked rates, which means premium prices won’t change for the policyholder over the course of the policy term length. It helps cover you and your loved ones in the event that you die for up to $1.5 million. You can cancel at any time and receive a full refund within 30 days of purchase. You can pay your premiums through a credit or debit card; Lemonade charges the first month’s premium when your policy is finalized. Charges are automatically issued on a monthly basis.
Lemonade Life rates
Lemonade offers policies that start as low as $9 a month. Individuals must be between 18 and 60 years of age to apply, and premiums are based on age, location, coverage amount, term length, and health and lifestyle factors. Factors that increase premiums can include whether you smoke or use drugs, your level of recreational and travel activity, and family history of disease.
To get a quick estimate, apply through Lemonade’s bot, Maya, which can answer your questions in about five minutes.
Lemonade Life FAQ
Is Lemonade’s life insurance offering good?
Lemonade offers a seamless term life insurance experience with a quick application process that eliminates the need for medical exams. Lemonade offers policies with up to $1.5 million in coverage, and prices start at $9 a month.
What are Lemonade’s term life offerings?
Lemonade offers 10-, 15-, 20-, 25- and 30-year term life insurance policies with coverage up to $1.5 million for people between 18 and 60. Prices start at $9 a month.
Will my Lemonade rates change over time?
No, your rates will be locked in over the course of the policy term once they’re approved.
What qualifications does Lemonade require?
Because policies offered by Lemonade do not require a medical exam, applicants are required to answer a series of questions about their medical history. People who potentially qualify for coverage offered by Lemonade tend to be in generally good health and don’t engage in high-risk activities, including drug and alcohol abuse or participating in dangerous sports.
Is Lemonade Life worth it?
Lemonade offers a quick application process and rates as low as $9 a month, which is an attractive option if you want to help guarantee your loved ones receive a lump sum of tax-free money (anywhere between $50,000 to $1.5 million) if you pass away during the policy term. The company is also a public benefit corporation, which makes it an attractive option for those who prefer to work with civic-minded companies. If you’re looking for life insurance and prefer a digital experience, Lemonade is worth checking out.
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Reviewed Sept. 17, 2023
Lemonade is the easiest way to get insurance with no hassle, also with competitive pricing. In my search for options for my family. I ultimately decided that this company is worth it. Their rating as a company, their no hassle set up and support team makes it easy. Thanks Lemonade.
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Reviewed May 9, 2023
Per your service agreement and terms of service… I did not know you charge for services after cancelation. Even given you guys mistake, you still failed to return the entire balance collected for the policy that wasn’t active. That is theft. I’d like to request proof of every itemized charge from beginning of service to every charge and why.
Reviewed Feb. 11, 2023
The entire process took 12 minutes to have signed docs and Life Ins in hand. I market Home Warranties for a living and I told my boss we need a customer experience like this!! I have already begun recommending Lemonade to everyone. Wow!
Reviewed July 27, 2022
Customer service could not have been better to work with! They really helped me out with a prompt notification and email when my credit card had changed and my payment didn’t go through. I appreciate it! Have and will continue to recommend to friends and family.
Reviewed May 4, 2022
The application process was so streamlined! Amazing experience. I was replacing a policy and was SOOO glad that I didn't have to take time off of work just to get a blood draw for a life insurance policy. Best experience EVER!
Reviewed March 16, 2022
Very easy, no hassle experience of buying insurance. The interface is amazing, just does what it says with no clutter and no surprises. Very easy to use and informative. Hoping they bring their car insurance to CA soon! Couldn't recommend them enough!
Reviewed Jan. 13, 2022
This was so easy and convenient to get life insurance. I loved the process and the company seems very trustworthy. I am waiting for them to start offering car and home insurance in my area. I would love to switch to them for ease, convenience and better rates.
Reviewed Dec. 27, 2021
Excellent experience. I started down the path to get insurance several times but never pushed thru because of the hassle factor. With Lemonade, I went from needing a policy to having a policy in 5 minutes. I totally recommend lemonade for your insurance needs.
Reviewed Oct. 12, 2021
So far I’ve had nothing but very good experience securing life insurance and before that renters insurance with very expedited results! I literally had prices quoted and a policy ready in my email box and app in less than 10 minutes. A very satisfied customer, J **.
Reviewed Oct. 10, 2021
Thank you Lemonade for an affordable life insurance policy. You guys made the process really simple and seamless. I couldn’t have asked for anything better and I will definitely be recommending this to others. If anyone is interested in getting insurance and sees this review just go ahead and do it.
Lemonade Life Company Information
- Company Name:
- Lemonade Life