Online Life Insurance Companies

Vantis Life insurance review

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Best for: People looking for comprehensive coverage

Our take: Vantis Life’s comprehensive coverage is what makes it stand out from the rest. Alongside the death benefit, policyholders can add on riders and supplemental features that create a robust life insurance policy and plan for the unexpected. And while family is the priority — that coverage can extend to a charitable organization of your choice. When you pass, Vantis Life will donate a lump sum to your chosen charity at no additional cost to you.

Vantis Life doesn’t just offer contact-free life insurance; it offers supplemental coverage that enhances your policy. You can add riders to your coverage to build a robust policy that enhances your protection. And at the end of your policy’s term, you can convert it to a permanent policy if you need to extend your coverage.

What Vantis Life has to say: “[What] set us apart is our product offering. Vantis Life offers a life insurance solution to meet a variety of financial needs and goals no matter what stage of life people are in,” says Manny Lirio, assistant vice president of e-commerce and sales acquisition at Vantis Life.

In addition to term life insurance, Vantis Life offers permanent life insurance solutions up to $2.5 million of whole life coverage and up to $25,000 of final expense coverage – all online with no agent involvement and all available 24/7/365, Lirio says.

Pros:

  • Offers other types of life insurance coverage, including whole life
  • Riders can be added to policies for an additional fee
  • A charitable giving rider can be added on at no cost
  • Policies available to people up to age 70

Cons:

  • Some applicants may need to take a medical exam

Vantis Life’s third-party ratings

Trustworthiness
A+
Financial Strength
A+
Customer Experience
4.7

Trustworthiness: The Better Business Bureau evaluates businesses on their behavior, trustworthiness, and performance. A business with a high ranking from the BBB can be trusted to meet its commitments. The BBB gives Vantis Life an A+.

Financial strength: A.M. Best evaluates a company’s financial health and its ability to meet its financial obligations. A.M. Best gives Vantis Life an A+.

Customer experience: Trustpilot is an online platform for individuals to provide reviews of companies and their customer experience. Trustpilot gives Vantis Life a rating of 4.7 out of a possible 5. Scores as of October 4, 2022.

How Vantis Life stacks up against selected competitors

Third-party ratingsVantis LifeEthosLadderBestow
TrustworthinessA+A+A+A+
Financial StrengthA+A+AA+ 
Customer Experience4.7 4.64.84.6

More details about Vantis Life insurance

Policies offered:

  • Life products offered: Term life, whole life and final expense (modified whole life)

Other coverage:

    Vantis Life offers a number of riders, including:

  • Guaranteed Insurability Rider
  • Disability Waiver of Premium Rider
  • Spouse Rider
  • Children’s Rider

Rates:

  • Policies start at under $9 month

Insurance provided by:

  • Vantis underwrites all the life insurance policies it offers. It does not sell Penn Mutual products.

Other details:

  • Ages and coverage limits: Its term product is available for people ages 21 to 70 and offers up to $50,000 to $2.5 million of coverage through the company’s accelerated underwriting platform. Policy length is 10, 15, 20, 25 and 30 years.
  • Its whole life product is available for people ages 21 to 70 and offers up to $50,000 to $2.5 million of coverage through its accelerated underwriting platform.

    Final expense is available for ages 50 to 80 and offers $5,000 to $25,000 of coverage.

  • Waiting period: Policies go into effect immediately upon receipt of initial premium. For policies issued with instant approval, applicants can select to start coverage and make a payment during the same session.
  • Medical requirements: The company offers life insurance through its real-time underwriting process, where applicants can receive instant approval without the need for a medical exam. Applicants are required to provide information on their medical history when applying for a policy.
  • Application time: Application takes about 15 to 20 minutes.


Additional product line details:

Alongside its term life insurance offerings, Vantis Life also offers two types of permanent life insurance: final expense insurance and whole life insurance. Vantis Life’s final expense product, Guaranteed Golden final expense, does not require a medical exam and is designed to provide low coverage for end-of-life expenses, such as funeral costs. Its whole life product, Velocity Whole Life Flex Complete, offers higher coverage amounts (up to $2 million) and comes with a cash value component.

How much does Vantis Life insurance cost?

For healthy non-smokers:

The following table shows Vantis Life’s monthly rates by age and gender for healthy non-smokers purchasing 20-year term policies.

AgeSex$250,000 in coverage
25Female$11.40
25 Male$12.94
35Female$13.85
35Male$14.99
45Female$26.19
45Male$30.97
55Female$49.40
55Male$64.03

How its rates stack up:

The following table shows how Vantis’s monthly rates for a healthy 35-year-old compares with selected competitors for $500,000 in coverage.

GenderWyshboxFabricLadderBestow
Female$20.03$20.62$20.10$23.08
Male$28.96$23.72$22.80$30.58

Company background: Vantis Life is a wholly-owned subsidiary of The Penn Mutual Life Insurance Co. Its primary focus is providing families with life insurance and annuity products that provide protection and guarantees. Vantis Life prides itself on offering easy-to-afford products with convenient service and a simple application process.

Interesting tidbit: Vantis Life offers a charitable giving rider for free to its policyholders. When the insured dies, Vantis Life pays out to a charity of the policyholder’s choice. “At no additional cost, this rider provides our customers the opportunity to leave behind a sizable donation to a charity they love. If the customer passes away while their policy is still active, Vantis Life will pay an additional 1% of the policy’s death benefit – up to $100,000 – to a qualified charitable organization of the policyholder’s choosing,” says Lirio.

States where Vantis Life is available

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States where Vantis Life is available
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
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Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
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Montana
Nebraska
Nevada
New Hampshire
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New Mexico
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY
Available
Not available

About Vantis Life

  • Company address: 200 Day Hill Road, Windsor, CT 06095
  • Company website: https://www.vantislife.com/
  • Company email: customerservice@vantislife.com
  • Company phone: 866-826-8471

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