Select Quote is a free insurance marketplace that helps consumers compare life insurance policies from multiple top-rated carriers in one place. Rather than selling its own insurance, Select Quote acts as a broker, matching you with policies from companies like Banner Life, Pacific Life, Protective, and others based on your needs, health, and budget.
Key specs
- Type: Insurance brokerage (free to consumers)
- Products: Term life, whole life, final expense, Medicare, and auto/home insurance
- Carriers: Multiple A-rated and higher insurance companies
- Cost to consumer: Free (Select Quote earns a commission from the carrier)
- Founded: 1985
- Stock: NYSE: SLQT
How it works
Call or submit a request online. A licensed Select Quote agent reviews your needs, health history, budget, and coverage goals, then shops across multiple carriers to find policies that match. You receive quotes from several companies and can compare rates, coverage amounts, and terms side by side. The agent handles the application process on your behalf.
There is no cost to use Select Quote. The company earns its commission from the insurance carrier you choose, not from you.
Why it stands out
Shopping for life insurance on your own means contacting multiple carriers individually, answering the same health questions each time, and trying to compare policy terms across different formats. Select Quote does this comparison work for you, using a single intake to shop across carriers. Because they work with multiple companies, they can often surface options that a single-carrier agent would not.
The company has been in business since 1985 and is publicly traded, which adds a layer of transparency and regulatory oversight. The service is genuinely free for consumers.
Pros
- Free to use, no cost to the consumer
- Compares policies from multiple top-rated insurance carriers
- Licensed agents handle the shopping and application process
- Covers term life, whole life, final expense, and more
- In business since 1985, publicly traded (NYSE: SLQT)
- BBB A+ rated
Cons
- Agents may follow up persistently after an inquiry
- Not all carriers are represented, so the comparison is not exhaustive
- Final pricing depends on medical underwriting, which can take weeks
- Primarily phone-based, limited fully-online experience
Who is it for
Select Quote is useful for anyone shopping for life insurance who wants to compare options without contacting multiple carriers individually. It is especially valuable for adults in their 40s through 60s who are evaluating term life coverage, final expense insurance, or reviewing existing policies to see if better rates are available.
The bottom line
Select Quote removes the friction from comparing life insurance policies by doing the multi-carrier shopping for you at no cost. The company is established, publicly traded, and BBB A+ rated. For anyone who needs life insurance and does not want to spend hours researching carriers individually, Select Quote is a practical starting point.