r/LifeInsuranceReview

Hi all,

Wife and myself want to get a life insurance policy setup, mainly to safeguard our growing family - both of us work, and we both want life insurance mainly for income replacement if something happens. We are financially secure, have no other debt than a low interest mortgage, and would like to cover college for 2 kids in 16 years or so. Not looking for whole life, conversions (unless I am missing some info) or anything fancy that needs any management - looking for a policy that would pay without hassle if something bad happens.

Chatted on phone with a policygenius agent over phone - she was very nice and knowledgeable and gave the following quotes. We also got some quotes from a prudential agent - quote high ($200 for myself, 100 for wife) which seem much higher than policygenius.

I was leaning towards everly since it has live benfit - but seems like this sub does not like it a lot. I was wondering if

• there is much difference in the first 4 products (Protective, corebridge, everly, banner). Are these reliable, establihed companies that have been around for a while?
• is there a reason to upgrade to transamerica/ prudential - these are the only names i have heard before
• seems like despite me asking for term quotes, there are two accelerated products - is my understanding correct that these are whole life in disguise? Do people use them as term?
• does anyone have knowledge on what happens if your life insurance company goes under? Has that happened?
• Is buying through policygenius OK, recommended?
• are there other companies we should consider that are not on list?

Thanks for any help - me and my wife have 7 degrees between us, and we can not make sense of these financial/ legal thingys so we really appreciate it. If I have asked something silly/ contradicting, apologies in advance.

Myself, 38 M; $2,000,000 / 20 years
- Protective / Classic Choice Term 20 / Monthly: $76.80 / Annual: $903.58
- Corebridge Financial / Select-a-Term 20 / Monthly: $76.81 / Annual: $909.00
- Everly / TermVest+ (Accelerated) / Monthly: $76.88 / Annual: $926.26
- Banner Life / OPTerm Horizon 20 / Monthly: $77.80 / Annual: $915.30
- Transamerica / Trendsetter Super 20 / Monthly: $82.45 / Annual: $970.00
- Prudential / EssentialTerm Plus 20 (Accelerated) / Monthly: $110.69 / Annual: $1,265.00

Wife, 36 F: $1,500,000 / 20 years
- Corebridge Financial / Select-a-Term 20 / Monthly: $39.11 / Annual: $462.85
- Protective / Classic Choice Term 20 / Monthly: $39.27 / Annual: $462.04
- Pacific Life / PL Promise Term 20 / Monthly: $39.52 / Annual: $464.94
- Everly / TermVest+ (Accelerated) / Monthly: $39.72 / Annual: $478.57
- Banner Life / OPTerm Horizon 20 / Monthly: $39.78 / Annual: $467.96
- Transamerica / Trendsetter Super 20 / Monthly: $40.80 / Annual: $480.00
- Prudential / EssentialTerm Plus 20 (Accelerated) / Monthly: $56.00 / Annual: $640.00

Both non smoker, no health complications, no other issues that will come up on underwriting according to our financial person. 

last April 1,2026 na budol ako SM CITY CEBU ng Agent sa Cebuana Financial Planning nila. (Fortune life insurance)

Pushy sales tactic but what makes me annoy is hindi lahat ng na promise ay sakto at togma ayun sa pag sign up ko.

1. Akala ko I was transacting for a Cebuanna Lhullier Product. Ending sa Fortune life insurance pala.

kaya pala nuon pag uwi di ko makita ang product na APLE POLICY

2. Sabi pa ng Agent pwede daw ma installment yung payment ko upon checking need ko pa pala tawagan amg banko. Take note sasabihin for approval daw yun pala e swipe na nila card mo.

Kaya be wise, never ever give them your credit card.

Tapos yung installment di rin assurance if approve ka ni bankom

3. Duon na realize ko lahat ito on the same day. Duon kopa nakita sa Reddit meron palang same scenario sa akin na naminipulate at hindi sila transparent sa kinuha mong insurance. At thank God dito ko nalaman pwede naman pala ma process and cancellation and refund request within 15 days. Kaya sa Apil 1 ng Gabi nag email na ako sa akila.

4. Dumaan ang 5 follow up ko. (Everyday ff ako sa Email) naka CC si Commission Insurance public assistance wla parin. Kaya I decided to file a proper complaint na sa Commission Insurance. m

5. Sa mga may experience nito. Naging successful ba ang refund? Yung concern ko naka CC kasi ito tapos due na by April 30,2026. Worried talaga ako. 😭😭

Tanga lang kasi bakit di muna nag reseach. Pero grabe din kasi sila kung mka Sales talk. Eme kuan, pero mamaya mo na ma realize mas malaki pa pala na bayaran ko pag installment sa CC di naman sya 0 interest.

Hi I am a father of 1 35 years old. Freelancer na hnd rin stable. Can anyone suggest a life insurance na hnd hassle and can guarantee na ma cocover yung kid and wife ko?