Online Life Insurance Companies

Lemonade life insurance review

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About Lemonade

  • Company address: 5 Crosby St., 3rd floor, New York, NY 10013
  • Company website: https://www.lemonade.com/
  • Company email: help@lemonade.com
  • Company phone: 844-733-8666

Company background: Lemonade was founded by Shai Wininger and Daniel Schreiber in 2015. In addition to life insurance, the company also offers homeowners, renters, pet and auto insurance. Lemonade prides itself on its technology, which enables claims approval in three seconds.

Interesting tidbit: Lemonade is a B Corp (a certification given to socially responsible companies) and Public Benefit Corporation. Through its Giveback program, unclaimed money is donated to nonprofits chosen by its policyholders.

More details about Lemonade life insurance

Policies offered:

  • Life products offered: Term life

Rates:

  • Policies start at $9 a month.

Insurance partners:

  • Lemonade’s instant life insurance is offered through Bestow.

Other details:

  • Ages and coverage limits: Lemonade offers coverage from $50,000 up to $1.5 million for term lengths between 10 and 30 years. U.S. citizens, permanent residents and active visa holders are eligible.
  • Waiting Period: There is no waiting period. Once you pay your first premium, the policy becomes active immediately.
  • Medical requirements: The company offers life insurance without a medical exam, although you will be required to answer a few questions about your personal history when applying for a policy. Additionally, if you’ve been diagnosed with COVID-19 in the last 30 days, this will be taken into account.
  • Application time: The application takes about 5 to 10 minutes and you get an instant decision.

States where Lemonade is available

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States where Lemonade is available
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