Online Life Insurance Companies

SoFi life insurance review

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About SoFi

  • Company address: 234 1st Street, San Francisco, CA 94105
  • Company website: https://www.sofi.com/
  • Company email: customerservice@sofi.com
  • Company phone: 855-456-7634

Company background: SoFi was founded in 2011 by Stanford business school students and offers a number of financial products, from student loan refinancing to retirement accounts. Insurance is just one of many financial planning services offered by SoFi.

Interesting tidbit: As an extra perk, SoFi also offers estate planning services to members, which includes help drafting a will.

More details about SoFi life insurance

Policies offered:

  • Life products offered: Term life

Insurance partners:

  • SoFi partners with Ladder to provide life insurance coverage.

Other details:

  • Ages and coverage limits: Policies offer between $100,000 to $8 million in coverage, while term lengths vary from 10 to 30 years.
  • Waiting period: Policies are in force immediately after the first payment is made .
  • 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. Other people may be required to take a medical exam, depending on their eligibility.
  • Application time: The application takes about 10 minutes and you get an instant decision. 

States where SoFi is available

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States where SoFi is available
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