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eFinancial Life Insurance Review
eFinancial Life Insurance Review
eFinancial Life Insurance Review
eFinancial Life Insurance Review
April 03, 2024 / Kale Havervold
eFinancial Life Insurance Review
eFinancial Life Insurance Review
April 03, 2024 / Kale Havervold
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Founded in 2001, eFinancial helps you compare multiple life insurance policies from some of the biggest and best providers in the industry. You can get an online quote in seconds, and the company offers support via email or over the phone.

It has solid reviews and an A+ rating from the Better Business Bureau, and lets you customize policy term length and coverage amounts.


  • Compare multiple quotes from various providers
  • Quick and easy to get a quote online
  • A+ rating from the BBB
  • Helpful online resources


  • Blog isn’t updated regularly
  • No information about customer service hours
  • No pricing info before getting a quote

Suitable For?

eFinancial is best suited for people who want to compare multiple life insurance quotes at once. Because it works with various partners and lets you customize the term length and coverage amount, it’s suitable for many kinds of individuals.

This ranges from healthy younger people looking for affordable coverage to older individuals of moderate health looking to protect their family if something happens to them.


eFinancial term life insurance offers coverage between $25,000 and $2,000,000. The term lengths range from 10 years to 30 years. Some plans require you to get a medical exam, and if you need one for your plan, eFinancial can help you schedule it.

You can sign up entirely online with eFinancial or over the phone. The cost of policies varies depending on the provider you choose. Other factors like your age, your health, and your coverage amount also help determine the cost.

For example, a 25-year old male in excellent health getting a policy with a 20-year term and $500,000 of coverage should expect monthly premiums to start at around $20. On the other hand, a 50-year old female in fair health getting the same policy can expect monthly premiums to start at around $55.

Things like additional fees, grace periods, and trials can vary and depend on which provider you decide to work with.

Policy Types and Terms Available

eFinancial offers multiple types of life insurance. This includes:

  • Term life insurance: A relatively affordable and flexible option to protect you for a specific period of your life. Normally between 10 and 30 years.

  • Permanent life insurance: A life insurance option that lasts your entire life as long as you continue making payments. It provides peace of mind and also builds cash value over time.

  • Final expense insurance: A policy designed to cover expenses after you pass away, such as your funeral, burial, and outstanding bills. Generally for people over 50 years old.

The types of riders available on these plans include:

  • Waiver of premium rider
  • Accidental death benefit rider
  • Inflation rider
  • Terminal illness rider
  • Child benefit rider
  • Living benefit rider

Application Process

The application process begins by getting a free quote online. Anyone between the ages of 18 and 80 can get a quote for term life insurance through eFinancial. To get a free quote online, you need to:

  • Vist the eFinancial website and click Get My Quote
  • Enter your name, gender, date of birth, phone number, email address, the type of policy you want, and how you rate your overall health.
  • After clicking Get My Free Quote, you’ll see a list of quotes from different providers.
  • On the same page, you can adjust the coverage amount and term length.
  • Once you find the right plan, click Continue, and you’ll see a message explaining that your information is being reviewed and that an agent will reach out shortly to follow up.

You can also reach out to the company over the phone to get a quote or ask questions. In general, the process for getting started is quick and easy.

How Safe Is It?

The company has been around for over 20 years and has provided billions of dollars of coverage to hundreds of thousands of policyholders over the years. It was acquired by Fidelity Life in 2009, which has a history that dates back well over 100 years.

eFinancial has solid reviews and maintains a 4.7 rating on Trustpilot, with many positive comments highlighting the helpful customer assistance, the streamlined experience, and the quick process. It’s also accredited by the Better Business Bureau and has an A+ rating.

While the exact process varies from one provider to the next, most allow you to cancel quickly and easily by calling or emailing the provider directly. Also, some companies may perform a credit check before offering you a policy.

However, this is generally a soft inquiry and shouldn’t negatively impact your credit score.

Help & Support

eFinancial offers customer support over the phone or through online form. Unfortunately, it doesn’t list the customer service hours on the website and we didn’t hear back when we reached out to ask about the hours.

eFinancial has plenty of helpful resources on its site, including a comprehensive FAQ section, a life insurance glossary, detailed guides, information on different kinds of life insurance, and a life insurance calculator. However, the blog isn’t updated very regularly.

The process for making claims depends on the insurance provider you work with. But the steps are often very similar and generally include:

  • Reaching out to the company that issued the life insurance policy to begin a claim.
  • Gathering the necessary documents such as the death certificate of the policyholder, as well as other crucial information (such as a marriage certificate if you’re filing for your spouse).
  • Filling out the required paperwork. Each company is different, but the provider will walk you through the process.

A few days after receiving the claim, the provider generally pays it out as a lump sum as long as there are no issues. In some cases, you may be able to get paid out in another way (such as annual installments), but this depends on the provider you work with.

eFinancial At A Glance

If you’re looking to compare different life insurance quotes from multiple providers, eFinancial is a great option to consider. Getting a quote is quick and easy, and you can choose the right coverage amount and term length for your needs.

The company has been around for decades and gets great reviews, as well as an A+ rating from the BBB. While the blog isn’t very active, the website includes a variety of other helpful resources including FAQs, guides, a glossary, a term life insurance calculator, and more.

Physical Address

1203 114th Ave SE, Bellevue, WA 98004

Get started now, visit eFinancial
By Kale Havervold
Kale Haverold is an esteemed freelance writer, leveraging over five years of expertise in the fields of business and personal finance to analyze and comprehensively review online colleges. With a BSc in Sociology, a Minor in E-commerce, and a certificate in Business Administration, Kale brings a unique blend of academic insight and practical knowledge to his evaluations of online educational institutions. His passion for sharing knowledge through research-driven, easily digestible articles has led to his work being featured on prominent platforms such as Yahoo, Expert Market, Hardbacon, and Loans Canada.