SPROUTT LIFE INSURANCE COMPANY: EVERYTHING YOU NEED TO KNOW!

SPROUTT LIFE INSURANCE COMPANY: EVERYTHING YOU NEED TO KNOW!

Sproutt is not your average life insurance com.

While other platforms simply match you with the providers that are likely to offer you the best rates, Sproutt goes further.

With a tech-savvy approach focused on improving your quality of life as much as selling life insurance, Sproutt is taking the industry by storm, changing lives, and rewarding healthy applicants for their efforts.

Read on to learn.

OUR OVERVIEW OF SPROUTT LIFE INSURANCE COMPANY: WHO IS SPROUTT?

As an expert in data-driven solutions, Shaham wanted to change the way applicant data influences their life insurance rates.

Over the past two years, he and Sproutt's team of entrepreneurs have built a platform powered by medical data and artificial intelligence that promises a personalized life insurance experience for every applicant.

While you may not be familiar with Sproutt yet, the company partners with some of the biggest names in the life insurance industry, including AIG, Principal, Sagicor, North American Company , and more.

Each of its partners has an “A” rating or higher from AM Best, information that Sproutt makes available to applicants.

In December 2019, the company received $12 million in Series A funding from Guardian Life, Moneta Capital, and State of Mind Ventures to further its breakthrough efforts.

Although Sproutt's history is short, its innovative approach, established partners, and successful results point to a promising future. Best Life Insurance Companies By Sprouts

IS SPROUTT LIFE INSURANCE THE SMART LIFE INSURANCE?

So how does Sproutt get great rates for applicants and make their lives better?

At the most basic level, Sproutt works like other insurance agencies, giving life insurance buyers a quick way to compare quotes and insurance coverage with the cheapest company.

Applicants must complete a quick questionnaire to paint a picture of their general health and other risk factors.

Sproutt connects the information to its database, using an algorithm to obtain quotes and match the applicant with their top options for their coverage needs.

The life insurance quotes you see on the screen are for term life insurance, Sproutt can help you find permanent life insurance if you talk to one of their agents.

WHAT MAKES THE SPROUTT COMPANY UNIQUE?

Too often, the quotes do not match the rates that are actually offered to an applicant after weeks and weeks of signing up.

In response, Sproutt's algorithm anticipates red flags that your risk factors may show up with each individual provider when you apply for life insurance.

As such, the questionnaire you go through could be different from the one your spouse completes.

The answers you provide may lead to a different set of specific questions to help Sproutt find the providers that will actually offer you the best rates.

In addition to assessing your negative risk factors, Sproutt seeks to reward you for positive lifestyle choices, like going to the doctor regularly and exercising.

The details of Sproutt's technology approach can be complex, and the experience it provides for users couldn't be easier to navigate.

The process is fast, intuitive, and informative from start to finish.

The company's algorithmic approach is impressive, but not the most prominent feature you'll get with Sprout.

WHAT ELSE DOES SPROUTT HAVE TO OFFER?

Sproutt's most unique tool is undoubtedly the Quality of Life Index.

Using Artificial Intelligence Guided Assessment, the QL Index aims to help you live longer and live better.

Like Sproutt's citation tool, the QL Index centers around a short and engaging questionnaire.

Within 5-15 minutes, answer questions to help Sproutt assess your quality of life in the following areas:

• Motion
• sleeping
• Nutrition
• Emotional health
• Balance
• Based on your answers, Sproutt classifies you as a Rookie, Crafter, Mentor, Master or Guru, his scale for measuring quality of life.

In addition to the score you receive, Sproutt sends you a detailed report highlighting your strengths along with areas of life you can improve.

Instead of pointing out problem areas, Sproutt suggests specific ways to improve them, such as losing a specific percentage of body weight, quitting smoking, or introducing a few more fruits and vegetables into your daily diet.

These tips can lead to a longer, healthier life, as well as help you get lower rates on life insurance.

CAN SPROUTT SAVE YOU MONEY?

Sproutt has the potential to save you money on life insurance in both the long and short term.

If you're a healthy, young candidate, you'll be better off with Sproutt, as the platform's technological capabilities could help you secure extra low rates on coverage.

But even applicants in poorer health could benefit from working with Sproutt thanks to the Quality of Life Index.

The QL Index pinpoints specific aspects of your lifestyle that could stand between you and better rates.

By implementing the suggestions in your QL Index report, you could reduce risk factors such as high blood pressure and cardiovascular disease, ultimately lowering your chance of mortality.

These strategies could save you a significant amount of money on life insurance, increasing your quality of life down the road.

ADVANTAGES AND DISADVANTAGES OF BUYING THROUGH SPROUTS

If you're debating the merits of buying life insurance through Sproutt, here are some of its most notable pros and cons:

PROS

Sproutt has a lot to offer.

Consider the following benefits when deciding whether to take a closer look at Sproutt:

• Online Application – If you want to skip a paper application, phone call, or face-to-face meeting, Sproutt is worth considering. The application is quick and can be completed 100% online, with no interaction required.
• 40+ Companies – When you get quotes from Sproutt, you can rest easy knowing you're getting quotes from dozens of reputable traders, not just a handful.
• Superior Shopping Experience: Sproutt's user experience is second to none. The process of getting quotes and applying for coverage is seamless, streamlined, and easy to navigate.
• Resources: From the QL Index to Sproutt's informative snippets about each provider you pair with, the platform provides the valuable information you need to make an informed life insurance purchase or take the necessary steps to strengthen your health.

CONS

Despite all the benefits listed above, Sproutt isn't perfect for everyone.

The QL Index can help unhealthy applicants better themselves before applying for life insurance so they can get approved and get better rates.

However, Sproutt may not be the best at getting these applicants approved for coverage or securing them the lowest rates to get started.

If you're in poor health, you may be better off talking to an agent or getting quotes from particularly well-known providers for a reasonable fee.

FINAL THOUGHTS

Although Sproutt is a new name in the life insurance industry, it is an insurance agency you can trust, backed by several reputable providers.

Sprout aims to be at the forefront of the industry, using artificial intelligence, medical research, and applicant data to make life insurance shopping simple and life better.

In terms of getting quotes and buying a policy, Sproutt is comparable to other independent brokers, perhaps giving healthy applicants a slight advantage.

But its QL Index is a unique proposition that warrants a second look, no matter what shape you're in.

If you're curious about how your health factors influence your life insurance rates and want a quick, personalized plan to reduce your risk factors, give Sproutt a try.