Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Quote Source Starts Mobile Service

Your article was successfully shared with the contacts you provided.

SelectQuote Insurance Services Inc. is now offering life insurance quotes via mobile phone.

Consumers can text their age to the service from a cell phone or other mobile device and receive a free term life insurance quote via text within minutes, according to SelectQuote, San Francisco.

The service is available on all major mobile phone service providers, including AT&T, Sprint, T-Mobile and Verizon.

The service typically quotes a short range of prices based on the average life insurance premiums paid by other consumers of the same age who bought term life insurance in the past year through SelectQuote, the company says.

The quote provided is generally based on a 10-year term life policy of $500,000 from one of a dozen of the nation’s leading insurers, SelectQuote adds. For 20 and 21 year olds, the range quoted is a $250,000 policy amount.

SelectQuote says it will promote the new service through an advertising campaign appearing online and on television.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.