Sproutt Life Insurance

Sproutt Life Insurance Review

Sproutt Life Insurance Pros & Cons

Sproutt is a life insurance carrier based in Hartford, CT. The company was founded in 2018 and offers life insurance products in 50 states (and Washington, DC).

Sproutt Life Insurance FAQ

What types of life insurance products does Sproutt offer?

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.

Here is a brief description of life insurance options Sproutt offers.

• Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Sproutt Life Insurance offers term lengths ranging from 15 to 15 years.
• Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
• Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.

As well as the basic coverage types mentioned above, Sproutt company also offers the following life insurance policies:

• Guaranteed acceptance - These whole life insurance policies offer a cash death benefit to the beneficiary. All coverage applications are approved regardless of health concerns. The catch is that these life insurance policies usually have lower death benefits and higher than normal premiums.
• Final Expense - Even bare-bones funerals can cost thousands of dollars. These whole life insurance policies, also known as burial insurance, cover funeral and burial costs.

How can you save money on a Sproutt Life Insurance life insurance policy?

When you ask for a life insurance quote with Sproutt Life Insurance, ask what discounts are available for various life insurance options.

These include:

• Being a non-smoker

What is SuperMoney's financial rating of Sproutt?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Sproutt an A+, which is the highest available rating we give to life insurance companies.

SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.