Geico Life Insurance Review: The Pros and Cons

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

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Geico Life Insurance Pros And Cons


  • Trusted Brand: GEICO is a well-known and trusted company, providing peace of mind that your policy is backed by a reputable name.
  • Strong Financial Ratings: GEICO holds an excellent financial rating, indicating stability and reliability.


  • Limited Availability: Coverage is not available in all states, which might restrict your access to GEICO’s life insurance.
  • Lack of Direct Underwriting: GEICO does not underwrite life insurance policies. Instead, they pass your information to Ladder Insurance Services LLC, which limits policy options to term life insurance only.
  • Limited Customer Service: GEICO’s customer service, although available 24/7, has been rated below average, often lacking a personal touch.
  • Higher Costs: Ladder’s term life insurance policies tend to be more expensive compared to major insurance companies, partly due to high advertising costs.
  • Minimal Options: Ladder Insurance does not offer whole life, universal life, variable life, or burial insurance. The absence of these options can be a significant drawback for those seeking comprehensive coverage or cash value accumulation
  • No Cash Value: Because GEICO does not offer permanent insurance policies, there is no opportunity for cash value accumulation.
  • Health History Restrictions: Applicants with poor health histories may face declined coverage and could be ineligible to reapply for two years.
Geico Life Insurance Review

How We Can Help

At The Annuity Expert, we understand that securing life insurance can be daunting. Our goal is to simplify this process and find you the best solution at the lowest cost. We recognize the core problem: the need for reliable, affordable life insurance that provides peace of mind for your family’s future. This issue often causes stress, anxiety, and uncertainty about whether you’re making the right choice.

As an insurance agency, annuity broker, and retirement planner with 15 years of experience, we have the expertise to guide you through this process. We believe in finding the best solution at the lowest cost for our clients. We stand against the high-pressure sales tactics used by captive agents like those at Geico, who can only offer their products. Our independence allows us to compare multiple companies and policies to find the best fit for you.

Geico Life Insurance

What We Recommend

First Step: Contact Us for a Personalized Quote

  • What Happens: You reach out to us via our website or phone.
  • Main Benefit: You get personalized attention and a customized quote based on your unique needs and preferences.

Second Step: Comprehensive Policy Comparison

  • What Happens: We compare policies from various reputable insurers, explaining the benefits and drawbacks of each.
  • Main Benefit: You receive a clear, unbiased comparison that helps you make an informed decision.

Final Step: Secure Your Policy

  • What Happens: Once you choose a policy, we assist with the application process, ensuring everything is in order.
  • Main Benefit: Peace of mind knowing your family is protected with the best possible coverage at the best rate.

Features and Benefits

  • Multiple Quotes: Access to a range of policies from various insurers.
    • Benefit: Ensures you get the best value and coverage.
  • Personalized Service: Tailored advice based on your specific situation.
    • Benefit: You feel valued and understood.
  • Expert Guidance: Professional support throughout the process.
    • Benefit: Reduces stress and confusion.

Addressing Common Objections

  • Objection: “I can find a policy on my own.”
    Solution: Our expertise ensures you get the best policy, saving you time and potentially money.
  • Objection: “I don’t trust brokers.”
    Solution: With 15 years of experience and a commitment to transparency, we build trust through reliability and personalized service.

Without our guidance, you might end up with a subpar policy that doesn’t fully meet your needs or costs more than necessary. The process can be more stressful and time-consuming.

Working with us, you’ll feel confident and secure in your decision. You’ll have peace of mind knowing you’ve chosen the best policy for your family’s future, tailored to your needs, and supported by a team that truly cares about your well-being.

For free advice or a quote, contact us today.

Need Help Getting Coverage?

Contact us if you need help purchasing a life insurance policy. The service is free of charge.

Life Insurance Inquiry

Frequently Asked Questions

Does Geico life insurance require an exam?

Yes, Geico life insurance does require an exam. You’ll need to complete a medical exam as part of the application process. The exam is used to help assess your risk level and determine your premium rate.

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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