Frequently Asked Questions

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Baby peaking around corner
Congratulations on taking the first step to protecting your loved ones. Getting life insurance can be a daunting process which is why we’ve created Leap Life - life insurance done right. We offer a variety of life insurance plans, from traditional to online instant, so you can get a policy that’s a perfect fit.

Find out how much life insurance you need.

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What is Leap Life?

Leap Life is a licensed life insurance agency available in eleven states and expanding to more states soon. We help millions of Americans secure life insurance coverage from the country’s top insurance carriers. We carefully select the carriers that offer the best rates and have the highest ratings because we strive to provide you with the best experience in getting life insurance. Trust us, we know firsthand how difficult it can be.

Where is Leap Life available?

We are licensed and available in the following states:
California Agency License # 0M18112
Illinois Agency License # 3000292269
Michigan Agency License # 0116150
Missouri Agency License # 8443089
New Carolina Agency License # 1000580592
New Jersey Agency License # 1669042
Ohio Agency License # 1193603
Pennsylvania # 854405
Tennessee Agency License # 2402393
Texas Agency License # 2307421
Virginia Agency License # 143941

What makes Leap Life better?

Unlike other life insurance agencies, we offer you the most flexibility in obtaining life insurance coverage. You can apply for a simple instant decision policy online or chat with one of our licensed life insurance specialists, free of charge, to tailor a policy that exactly suits your needs.

Who can get coverage through Leap Life?

U.S. citizens or permanent residents who have been in the United States for more than 2 years between ages of 18 and 75 at the time of application. If you are a visa holder, please give our team a call at (844) 755-5327 to confirm you qualify.

How does Leap Life work?

Getting life insurance coverage through Leap Life is easy!

  1. Use our online quote to see your life insurance rates instantly.
  2. Apply in minutes. Most healthy individuals can submit applications online* or by phone.
  3. Live worry-free. If you qualify, you’ll be covered within weeks, sometimes even days.
  4. After your policy is issued, we monitor your coverage and can adjust as your needs change.

*Our online application offers Assurity Term Life product, if you are interested in other products - give us a call and we’ll walk through your options together.

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Do I need life insurance?

There are certain financial milestones that we all reach in our lives. One of them, of course, is when we buy our first life insurance policy. But how do you know when is the right time to sign on the dotted line for coverage? The answer may vary depending on your financial and family situation, but there are a few good rules of thumb.


For instance, if you are married or own a home, you probably want to consider coverage. If you have kids or other loved ones who rely on you for financial support, a policy provides much-needed peace of mind for their care. You can even use life insurance to leave behind a legacy based on your biggest passions.


Read more about the milestones you’ll encounter where life insurance should probably be a serious consideration.

What is life insurance?

A life insurance policy is a contract between you and an insurance company. You agree to pay a regular premium. In return, the insurance company agrees to pay out a sum of money to your designated beneficiaries if you die before the policy’s term is up.


Depending on the type of life insurance you want, your policy may work differently. The main types include:


term life icon Term Life: Your policy is for a specific term only, say 10 to 30 years, and your beneficiaries don’t receive any benefit if you outlive the set term. Your premiums can be level, increasing or decreasing throughout the life of the policy.


accidental death icon Accidental Death: Similar to Term Life, your policy is for a specific term, but only pays a benefit in the event of accidental death, such as a traffic accident. In many cases, death from illness is not covered, so accidental death policies tend to be the least expensive option.


whole life icon Whole Life: Your term is for life, and there’s a cash value component from which you may borrow or withdraw in the future. You pay level premiums throughout the life of the policy.


universal life icon Universal Life: Similar to Whole Life, this type of life insurance is for life and includes a cash value account. However, some universal life policies offer more flexibility. For example, you can use your cash value account to help pay your premiums.


Read more about each type of life insurance.

What carriers does Leap Life work with?

Here are all the carriers we work with:


Carrier Name
A. M. Best Rating
Contact Information
Offered Products

American General Life Insurance Company, an AIG Company

term life icon universal life icon

A.M. Best Rating: A (Excellent)

2727-A Allen Parkway

Houston, Texas 77019

www.aig.com

Offered Products: AG Secure Lifetime GUL III, AG Select A Term

Assurity Life Insurance Company

term life icon

A.M. Best Rating: A- (Excellent)

P.O. Box 82533

Lincoln, NE 68501

www.assurity.com

Offered Products: Term Life

Fidelity Life

term life icon accidental death icon

A.M. Best Rating: A- (Excellent)

8700 Bryn Mawr Avenue, Suite 900S

Chicago, IL 60631

www.fidelitylife.com

Offered Products: Rapid Decision Express Term, Rapid Decision Senior Life, Accidental Death Benefit, Rapid Decision Life Term, Rapid Decision Final Expense

Legal & General

term life icon

A.M. Best Rating: A+ (Superior)

3275 Bennett Creek Avenue

Frederick, Maryland 21704

www.lgamerica.com

Offered Products: OPTerm

Lincoln Financial Group

term life icon universal life icon

A.M. Best Rating: A+ (Superior)

1300 South Clinton Street

Fort Wayne, Indiana 46802

www.lincolnfinancial.com

Offered Products: Term Accel, Life Elements, LifeCurrent UL, LifeGuarantee UL

Mutual of Omaha Life Insurance

accidental death icon

A.M. Best Rating: A+ (Superior)

3300 Mutual of Omaha Plaza

Omaha, NE 68175

www.mutualofomaha.com

Offered Products: Guaranteed Advantange Accidental Death

Pacific Life

term life icon

A.M. Best Rating: A+ (Superior)

P.O. Box 9000

Newport Beach, CA 92658

www.pacificlife.com

Offered Products: PL Promise Term

Principal

term life icon

A.M. Best Rating: A+ (Superior)

P.O. Box 9394

Des Moines, IA 50306

www.principal.com

Offered Products: Term Insurance

Protective

term life icon universal life icon

A.M. Best Rating: A+ (Superior)

P.O. Box 12687

Birmingham, AL 35202

www.protective.com

Offered Products: Protective Classic Choice Term, Protective Custom Choice UL, Advantage Choice UL

Prudential, A Pruco Life Insurance Company

term life icon universal life icon

A.M. Best Rating: A+ (Superior)

213 Washington Street

Newark, NJ 07102

www.prudential.com

Offered Products: Term Essential, PruLife Universal Protector

SBLI of Massachusetts

term life icon

A.M. Best Rating: A (Excellent)

1 Linscott Road

Woburn, MA 01801

www.sbli.com

Offered Products: Level Term

Transamerica Life Insurance Company

term life icon

A.M. Best Rating: A+ (Superior)

5333 Edgewood Road NE

Cedar Rapids, IA 52499

www.transamerica.com

Offered Products: Trendsetter Super, Trendsetter LB

What does life insurance cover?

If illness or injury strikes and you or your family are in desperate need of immediate cash, life insurance can provide the funds. Although it’s an unpleasant thought, should death occur during your working years, life insurance helps cover mortgage or rent payments, utilities, credit card bills, and other debts owed.


Life insurance can also be used to pay funeral costs, unpaid medical bills, college tuition, taxes, and/or everyday living expenses. Another way of saying it: your family can pretty much choose to use the funds anyway they see fit.

What is "no exam" life insurance?

Most traditional life insurance plans require a medical exam, blood work, or both. Getting a “no exam” life insurance plan is just as the name implies – no needles or doctor visits required. Answer a few basic health-related questions over the phone or online and you’re good to go. No exam plans may not be available to every individual or for every policy.


Need help deciding? Give our team a call at (844) 755-5327 or email support@leaplife.com.

When is the best time to get life insurance?

The decision to buy your first life insurance policy can be tricky. Is it really time to buy coverage and, if so, for whom should it provide financial benefits?


There are many times in your life where life insurance should be a consideration. Whether you have a spouse or family, bought a home, or want to leave a lasting legacy for others, a life insurance policy can help you get there. In the end, life insurance is for the living. Who do you want to take care of after you’re gone?


Want to learn more about your life insurance options or get a free quote? Contact us today – our licensed life insurance coaches can walk you through the policies available and even help you calculate the coverage that best suits your needs.

Peace of mind starts at $14/month*

See Your Rate
*Sample quote is based on 35-year-old healthy male in California receiving a $250,000 10-year Term Life policy (Policy Form # I L1702) underwritten by Assurity Life Insurance Company.