Sproutt Life Insurance Review- Is It Worth It?

Choosing a term life insurance policy can be challenging. Especially, when you are making a decision based on some information you’re collected from a friend, co-worker or relative. Also, in today’s internet era, most people do not trust financial advisors. 

Financial advisors have ties ups with insurance companies and they are more likely to suggest a policy that makes them the most money. Very little attention is given to your individual needs. 

In such a dire situation, it is best to go to a tried and trusted online service which presents all the information related to term life insurance to you. You are the one making the decision, not anyone else. 

About the Sproutt 

Sproutt is a Fintech firm based in New England, United States. It is one of the rare and upcoming companies that use Artificial Intelligence to help people find the best insurance policy for them and their families. Sproutt was founded in the year 2018 by Assaf Henkin, Itai Brickner, and Yoav Shaham. Their motto is to reward people with the best life insurance policy so they can live a happy and peaceful life.

How Does Sproutt Life Insurance Work?

So, how do you get started with Sproutt? Do you have to pay an additional fee in advance? The whole concept is based on a metric to measure the quality of your life. This metric is known as the Quality of Life Index (QL Index). Artificial Intelligence takes five parameters from you to accurately determine your OL Index. 

These are the five parameters:

1) Movement

2) Sleep

3) Emotional Health

4) Nutrition

5) Work-Life Balance

To know your QL Index you have to answer a few simple questions. These questions will normally be based on your lifestyle, habits, relationship status, career, health, etc. Next, the Artificial Intelligence-based software will determine the QL Index based on the answers you provide. 

By the way, it is not a great idea to provide dishonest answers as you are the one who will suffer in the end. Plus, the information you provide is not shared with anyone, even the team at Sproutt will not have access to them.

Further, you can use the QL Index to browse through various Term Life Insurance policies with great rates. The software also offers you some great advice based on your QL Index. You don’t have to pay anything to Sproutt. The insurance company will compensate them.

What I Like About Sproutt Life Insurance

Sproutt has solved a major problem most insurance seekers used to face a few years ago. The application process for insurance used to be tedious and slow. Sproutt, with its Artificial Intelligence-based software, has made the application process easy as a pie. In five simple steps, you can get the verification, medical checks and payments done.

What I Don’t Like About Sproutt Life Insurance

The customer service can be improved. They should call and notify the customer via email about the verification status of the policy. Sometimes, their financial advisors do not answer all of your queries.

My Recommendation

Picking the right insurance policy is not easy. In particular, when your requirements are very distinct and narrow. Sproutt exposes you to a large network of insurance providers. That too without charging you any money. Hence, I recommend Sproutt Life Insurance to anyone who has a busy life and does not have ample time to manage their finances–the traditional way.