Easy Term Life Insurance from SmartBunny

What is Term Life Insurance?

Term life insurance provides a lump sum, tax-free payment in the event of the death of the insured person. More specifically, SmartBunny Easy Term Life Insurance is a level-term life insurance policy that is issued with simplified underwriting. The need for life insurance is so great that we made it our mission to streamline the process of obtaining quotes and buying policies for life insurance to make it more accessible to all. You can easily secure a policy in just minutes via the SmartBunny mobile app with no health interview or medical exams needed.

Why purchase Easy Term Life Insurance from SmartBunny?

SmartBunny's Easy Term Life Insurance gives you the opportunity to purchase up to $300,000 in term life coverage without ever looking away from your smartphone! We know how extremely important life insurance coverage is for our loved ones who we leave behind. That is why we have brought life insurance into the SmartBunny mobile app! We have streamlined the life insurance process, making life insurance easier & more affordable so that everyone can have access to quick, simplified issue term life policies.

Who is eligible to buy it?

United States (US) residents aged 69 and under may purchase the Easy Term Life policy from SmartBunny. The policy is issued by Occidental Life Insurance Company of North Carolina, rated an A (Excellent) carrier by AM Best, and is a simplified issue policy. This means that the Easy Term plan is issued Standard for applicants who may not meet most underwriting standards today. There is no medical exam required!

Do I need life insurance? I am young and healthy!

The reality is that, yes-- you will eventually have a need for your life insurance policy! Life insurance is a sure thing! It will pay your beneficiary the amount specified at the time of a claim-- which there certainly will be at one point or another! Everyone eventually needs life insurance, some people just wait too long to get it and cannot afford it when they are ready due to their age or health causing them to be uninsurable.

What is the process to get a quote?

Download the free SmartBunny app on your smartphone, available on the Apple App Store & Google Play Store.  Simply complete your profile by entering a few key pieces of info about yourself, and select 'Life Insurance' to get started. Answer the questions in the app, simple yes or no questions related to lifestyle & medical risks along with basic info such as height and weight. The process can be completed in about 5 minutes in the app! If you like what you see, you can continue to purchase without ever needing to speak to an agent! It is a truly simplified process, with no medical exams or interviews from underwriting.

I bought the policy in the SmartBunny app, will I still have to get blood tests to finalize the policy?

Absolutely not! There are a series of questions regarding your health status and history that you answered in the application. That information was used to see if you're eligible. It really is that Easy! No blood tests or medicals will ever be required. Your policy was made effective when you completed the application through the SmartBunny mobile app and will remain in force as long as you continue to pay the policy premiums! Even if you relocate abroad or develop a medical condition that would normally disqualify you, as long as you pay your premium each month this policy is guaranteed to age 95 with set premiums all the way through to the end of the term period you choose.

Do I have to call to speak with a licensed agent, or can it all be done on the app?

You can complete the entire process in the app (it's usually faster and easier this way). Once you complete your purchase in the app, your policy documents are emailed to you immediately with your confirmation email! Don't forget, we like to do our part for the environment so your policy is always paperless with SmartBunny! Feel free to print off a copy of your policy from this PDF copy in the email if you'd like a paper copy on hand! That is definitely not necessary, though, as your policies in force with us will also be visible in the 'My Policies' section of the SmartBunny mobile app.

Can I pay for the entire year at once? I don't like recurring billing!

Unfortunately, we can't accept lump-sum payments at this time. Monthly recurring payments with your credit or debit card are required in order to purchase this policy.

What happens to the policy benefit when a death claim is made?

When a death claim is made, the beneficiary receives the proceeds of the policy. The policyholder designates beneficiaries at the time of application (or at a later date by simply requesting that we make the change). Upon the death of the insured, the policy funds are then distributed to the selected beneficiary (or beneficiaries) as indicated in the application or change request.

How is this different from permanent insurance (Whole Life or Universal Life)?

There are several significant differences between term and permanent life insurance policies. The biggest difference is that term insurance expires at the end of the term you select, whereas permanent insurance remains in force as long as you pay the premiums. Another difference is that term insurance is more affordable than permanent insurance and does not have any investment component. Term policies do not earn cash value or dividends. You cannot borrow against term policies.

Why does SmartBunny care about my family health history? Does family history disqualify me?

Unfortunately for some of us, our family history does play a role in underwriting life insurance policies. With SmartBunny, our family history question asks about close relatives (parents, siblings) medical conditions, specifically whether or not they were diagnosed with certain illnesses before age 60.  This information is statistically relevant to properly rate life insurance premiums, so we do have to ask that you answer that one honestly! By answering yes to this question, you are not automatically declined! It is just a piece of the overall puzzle that underwriting will review.

What if I get routine tests done? Can I answer "no" to questions?