Progressive was our choice for Best for Young Adults because its online experience is exceptional, which is appreciated more by a younger demographic, and its rates are very competitive for young adults, who are often on a very tight budget in New York.
Progressive’s life insurance products are sold through Efinancial, and their online quote system is very easy to use. All you need to do is fill out a one-page form with basic information such as your name, age, and address. Then, within minutes, you’ll receive a quote.
Progressive and its affiliates provide various life insurance options such as term, whole, and universal life policies. Additionally, they offer a final expense life insurance policy that doesn’t require a medical examination.
Although Progressive is famous for its car and home insurance policies, it also provides life insurance as an option to help customers keep all their insurance needs with one provider and receive bundle discounts.
Progressive’s life insurance products are not heavily advertised, allowing them to offer lower premiums than many other life insurers. The company’s excellent financial position and claims-paying ability are reflected in its A+ (Superior) rating from A.M. Best.
Progressive, not generally known for having low premiums for any age group, has taken a more competitive stance with its pricing for young adults in New York. Younger policyholders that have Progressive auto and home insurance now have access to very competitive life insurance rates.
Starting families and careers makes it challenging for many young people to afford life insurance along with their other living expenses, but Progressive has solved that problem for younger New Yorkers. Term life insurance from Progressive can be converted into whole life insurance down the road for young adults, giving them the opportunity to protect their families for years to come.