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Jenny Life Insurance Reviews
Jenny Life is a life insurance broker geared towards women. Their slogan? “The Only Life Insurance Brand Built with Her in Mind.” The company’s focus is connecting users with budget-friendly term life policies. But do they offer anything more or better than all the other online brokers? Let’s investigate…
Jenny Life
- 107 Spring St.
Seattle, WA 98104
If you’re looking for Jenny life insurance reviews, you probably want to know a little more about the company itself. As of 2020, Jenny Life raised $3.5 million in Series A funding for a total funding amount of $5 million, from a venture capital firm and “undisclosed luminaries from within the insurance industry.” (Source: 2020 press release) The company was founded by two men in 2017, which is interesting because of its stated focus on women. They created the company to simplify the application process and make it easier for women to apply for coverage. While that’s a fantastic goal, keep in mind that Jenny Life isn’t the only company to use online application processing with an instant decision. Other insurers offering similar online applications and instant approvals include Ladder Life, Bestow, Ethos Life, Haven Life, Encova Life, Lincoln Financial, and Ladder Life.
Advantages of Jenny Life Insurance
---> Online Applications with a Fast Decision
If you’re short on time, you’ll appreciate the fact that you can get a quote, apply, and a get a final decision from the insurer in just a couple minutes. You can access Jenny Life’s quotes thought their iPhone and Android apps, their web app, or by texting the company. To fill out the application, you’ll need to give them your name, address, date of birth, health information, and permission for them to search a consumer database that includes medical records, prescription history, and motor vehicle reports to complete the underwriting process.
---> Agents Available If You Need Them
Jenny Life lets you talk to an agent if you want, but if you don’t want to, you don’t have to. It’s possible to complete your purchase process online with no agent assistance. The company is licensed in all 50 states, plus Washington, D.C. However, if you live in New York state, not all products may be available for you. As of 2023, the Jenny Life website notes that “New York is coming soon.”
---> Non-Med Policies
All policies offered by Jenny Life are non-med. That means they do not require a medical exam in order to apply for coverage. The good news? Lots of other companies and brokers also offer non-med policies…including us here at LifeQuote.com! Click here to get a quote for a non-med policy now!
Disadvantages of Jenny Life Insurance
---> Non-Med Policies Only
You may have noticed that we included non-med policies in both the advantages and disadvantages for Jenny Life. That’s because, although non-med policies are convenient, they’re not always the cheapest. In fact, insurers usually charge more when you skip the exam. That’s because the data collection they do to evaluate your risk level isn’t as clear or comprehensive as the data they get from the medical exam: namely, a recent blood and urine sample. If you’re on a tight budget and in good health, you’ll probably get a better rate by going through a company that offers medical underwriting. With Jenny Life, you’re automatically applying for non-med policies only, and will only be referred for medical underwriting if the system determines you do not qualify for a non-med policy.
---> Limited Number of Insurers & Policies Available through Jenny Life
As of 2023, the insurance companies listed on Jenny Life’s website are:
- Assurity
- Legal & General (Banner Life, William Penn)
- Centrian Life
- SBLI
- TruStage
You won’t see quotes or policies from other insurers. If those other insurers happen to offer less expensive rates or polices with more living benefits, you won’t see them in any quotes you get from Jenny Life.
---> Not Designed for People with Health Issues
If you have a chronic illness or other health issues, you may have issues getting coverage through Jenny Life. Online-only non-med policies are largely designed for people in good health who don’t present much risk to the insurer. It’s simpler and cheaper to insurer them than it is to insure people who have a more complicated health history or a chronic condition like diabetes or arthritis. If you have one of those more complicated health histories, you’ll probably want to look elsewhere for help getting coverage with a traditionally underwritten policy. You are not allowed to start with traditional underwriting when you use the Jenny Life site or app.
Available Products
Jenny Life connects customers with non-med term life policies. But if you have more complicated financial needs, you may be a better fit for additional policy types, including whole life or universal life. You can’t get those types of policies through Jenny Life – or if you can, they don’t make any effort to let you know through their website. At LifeQuote, we don’t want to limit you to one type of life insurance. We can help you figure out which type makes the most sense based on your unique financial situation. Call us at (800) 521-7873 and let us give you customized advice and information to help you make the best decision for your family’s needs.
Jenny Life Insurance Ratings
Jenny Life is an insurance broker, so they don’t have financial ratings. Only the insurers who actually provide the policies have those ratings. However, according to their website, they do only offer quotes from A-rated insurers.
Wondering what financial ratings even mean? Click here to learn about the rating process and what it means when you buy a policy.
Conclusion
If you’re young and healthy, chances are you can get affordable coverage through the insurers offered at Jenny Life. However, if you’re over 50, want a multi-million dollar policy, or have a health history complicated by illness or injury, you may be better off elsewhere. We can help you no matter your age, policy needs, or health history. Start by getting a quote on our website or call our licensed life insurance advisors at (800) 521-7873 for customized, one-on-one advice!
