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Progressive Final Expense Insurance Review


ConsumersAdvocate.org Rating: 4.7 / 5 (Excellent)
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The Progressive Corporation is one of the oldest and largest insurers in the country, providing auto, home, and property insurance policies. It does not provide life insurance products, but have partnered with a company called eFinancial, LLC, which functions as an aggregator of different insurers' life insurance products.

Based in Bellevue, Washington and started in 2001, eFinancial's website serves as a way for consumers to obtain quotes from several different insurers and compare them. Some of the insurers it works with are AIG, Fidelity Life, Penn Life, and Transamerica.

How is Progressive Final Expense Insurance rated?

Breakdown

4.8/5
Policy Features
4.5/5
Qualifications
4.8/5
Financial Strength
4.8/5
Customer Experience

Overall Rating: 4.7 / 5 (Excellent)

Although it says Progressive in its name and website, the life insurance products advertised under the name of Progressive Life Insurance are actually offered through eFinancial, an aggregator that draws from different insurers across the country. None of their products are actually affiliated with Progressive Corporation, which is only evident upon reading the very fine print on the page. eFinancial does, however, use reputable and very financially sound insurers that provide a wide array of final expense insurance policies. eFinancial also gets rave reviews on Trustpilot with customers praising their helpful customer service, speed, and efficiency. We strongly recommend that, if going through eFinancial (or any other aggregator for that matter) and when comparing the quotes it offers, potential policyholders read reviews for the individual insurers who are offering the quotes. In this case, many of the insurers eFinancial does business with are featured in our top ten list.

Progressive Final Expense Insurance Policy Features

Policy Features - 4.8 / 5

Since eFinancial uses many different providers of life insurance products, it can offer a wide array of options. Through the Progressive/eFinancial life insurance website offers policies with coverage between $2,500 and $35,000. They also provide both term and whole life policies as well.

Policy Coverage Maximum

$35,000

Types of Insurance Products

  • Whole Life
  • Term
Types of Premiums
Fixed
Restrictions on Benefit Usage
No
Accidental Death Coverage
No
Cash Value Accumulates
No
Claim Payout (Days)
Unspecified

Progressive Final Expense Insurance Qualifications

Qualifications - 4.5 / 5

Because eFinancial draws from several different insurers, qualifications and disqualifying factors depend on which of their companies you choose. Many of the policies, however, don't require medical exams and accept applicants up to 85 years old.
Age Range
50 - 85
Medical Exam Required
No

Progressive Final Expense Insurance Financial Strength

Financial Strength - 4.8 / 5

eFinancial functions as a life insurance marketplace and relies on products from several different major insurers, like Fidelity Life, Transamerica, AIG, among others. The insurers it uses have been rated as superior to excellent by all the major rating agencies.
Company Type
Marketplace
Underwriter
Varies by state

Progressive Final Expense Insurance Customer Experience

Customer Experience - 4.8 / 5

eFinancial enjoys an A+ rating from the Better Business Bureau and an excellent 9.1 out of 10 rating on Trustpilot, with many customers praising their speed of service and helpful customer service.
BBB Rating
A+
Trustpilot Rating
9.1 out of 5
Date Collected
2018-07-27

Company Profile

Full Name
Progressive Final Expense Insurance
Company Website
Headquarters
13810 SE Eastgate Way, Suite 300, Bellevue, WA, 98005

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