Chris Kissell is a Denver-based writer and editor with work featured on U.S. News & World Report, MSN Money, Fox Business, Forbes, Yahoo Finance, Money Talks News and more.
Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.
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Our take: Lemonade offers term life insurance, but it provides other types of insurance policies, too. From renters and home to auto and pet insurance — making it easy to get all of your coverage from one place and minimizing all the work it takes to get a policy. The company also offers discounts for buying more than one policy.
Lemonade offers customers a lot of flexibility. But in addition to providing a range of insurance products and discounts, Lemonade is also a certified B corp (a certification given to socially responsible companies), meaning the insurer is working to protect more than just your finances.
Additional product line details: Lemonade only offers one type of life insurance policy — no-med term life insurance. However, it doesn’t just offer life insurance. It also provides home, auto, renters and pet insurance for applicants with multiple financial responsibilities and obligations.
Company background: Lemonade was founded by Shai Wininger and Daniel Schreiber in 2015. Lemonade prides itself on its technology, which enables claims approval in three seconds.
Interesting tidbit: Lemonade is a B Corp and Public Benefit Corporation. Through a Giveback program, unclaimed money is donated to nonprofits chosen by its policyholders.