Zander Life Insurance Review

With the right life insurance plan, you can continue providing for your loved ones long after you pass away. But it’s not always easy to find the perfect terms and rate for your needs. Thankfully, you can look to Zander Insurance for help finding a policy that meets your expectations.

Although they do not issue the policies directly, Zander partners with Mutual of Omaha, AIG, and many other life insurance companies to match you with the right plan. They only deal in term life insurance coverage, however, so look elsewhere if you want whole life instead.

If it’s term life that you want, Zander life insurance can help you find up to $10 million in coverage for anywhere from 10 to 30 years. Even better news, they have no-exam plans available plus an easy online sign up process. Beyond that, they are nationally endorsed by the personal finance guru himself, Dave Ramsey, who claims that term life fits perfectly into the Baby Steps program.

Top Life Insurance Companies By Market Share

RankCompanyPremiums WrittenShare of Market
2Northwestern Mutual$10,550,806,0006.5%
3New York Life$9,385,843,0005.8%
5Lincoln National$8,825,314,0005.4%
8John Hancock$4,657,312,0002.9%
9State Farm$4,636,147,0002.9%

Term Life Insurance Plans Made Easy

If you’re the main breadwinner, are in debt, or have minimal savings, then you can likely benefit from Zander life insurance. Although it might seem like an unnecessary expense, especially if you’re already in debt, getting life insurance is actually a smart move.

In fact, Dave Ramsey personally endorses the term-life insurance from Zander and urges everyone to get a plan, no matter where they are in the financial planning process. With term-life policies, you get to lock in a low rate for the life of the plan and enjoy true peace of mind through the selected term.

Although they do not underwrite the life insurance policies themselves, Zander grabs quotes from all the major insurance groups to get you the best terms at a great rate. You can then compare the quotes right on their site before selecting the one that will work best for your needs. The signup process only takes about 20 minutes or less, especially if you go with one of their exam-free plans.

Benefits of Zander Life Insurance

If you take Dave Ramsey’s advice and sign up for a Zander life insurance plan, you can enjoy all of the following benefits.

Wide Range of Coverage Options

To fully protect your loved ones from financial devastation after your death, you should get a life insurance policy that’s 10 to 12 times your annual income, according to Dave Ramsey. So, if you make $60,000 per year, then you need at least $600,000 to $720,000 in coverage. If you cannot swing that much, then even a $50,000 plan can cover your burial or cremation and other immediate expenses.

Either way, you can get the coverage you need through Zander life insurance. They have $50,000 to $10 million plans available from all the major insurance companies. The amount you pay each month will largely depend on how much coverage you select during the sign up process.

Flexible Terms Available

Zander Insurance offers 10- to 30-year policies that let you lock in your rate through the selected term. To follow Dave Ramsey’s advice, you’ll want to go with a 15- to 20-year term that lets you enjoy static rates for years to come. During that period, you can build up your savings and decrease your debt to improve your financial standing.

If you’re young, you can even go with the 30-year term to keep your rates low as you grow older. You’ll still get to enjoy affordable monthly rates due to your age, making it a viable option for those with modest incomes.

No Exams Required

Many life insurance policies require that you get an exam performed, so they can use your overall health to set the right rate. If you’d prefer to get right to setting up your plan – no exam needed – Zander Insurance can make that happen. They offer many touchless, no-exam life insurance plans that use a simplified underwriting process.

Instead of an exam, you select your health class based on your personal factors and they use that info to set the right rate. You must provide an accurate and honest assessment of your physical health, lifestyle, and family history when selecting this option. Otherwise, your coverage could be canceled or claims denied if any major health problems come to light in the future.

Multiple Plan Options

When you request a Zander life insurance quote, they will pull results from all their partners to give you many options to consider. You can then compare the quotes side by side to select your ideal plan.

If you’re not satisfied with any of the options, you can change your coverage limits and term to see if any alternatives show up in the results. As you make those changes, you may see new rates that better align with your income and preferences.

Competitive Tobacco Rates

Tobacco users often find it difficult to find an affordable life insurance policy that provides the right level of coverage. Zander Insurance takes the stress out of the equation by partnering with companies that offer low rates and special programs.

Depending on if you’re a smoker or use smokeless tobacco, you can possibly qualify for preferred rates or other special programs through these partners. They base their rates on your tobacco use habits and preferences instead of treating every situation the same.

Simplified Child Rider

Unlike many other life insurance referral companies, Zander offers a simplified child rider to extend your coverage to all dependent kids in your home. Instead of basing the rate on age and number of children, they simply have you select the total amount of coverage you’d like.

Then, they charge you $6.50 per thousand dollars in additional coverage, which applies to all dependents age 6 months to 21 years old. If you get $20,000 in coverage, for example, then you can expect to pay $130 more per year for this rider.

If all these benefits are just what you’re looking for from a life insurance policy, then Zander may serve you well. Be sure to compare their offerings to your other top choices before signing up, so you’re absolutely sure that they provide exactly what you need.

Drawbacks of Zander Life Insurance

Although Zander life insurance comes with many benefits, it’s not the best option for everyone. Here’s a look at the potential drawbacks of going through this company for your plan.

Not an Official Insurance Provider

Although they do not say it outright on their website, Zander Insurance is not an official underwriter of any of the term life insurance plans. Instead, they simply partner with other insurance companies to bring you several plan options.

If you’re having trouble signing up for a plan, you might get a little bit of the runaround as the customer service team tries to figure out who can help solve the problem. Once you sign up for a policy, however, you’ll deal with the life insurance company directly.

Final Approval Price TBD

When you select your ideal term life insurance plan from the presented quotes, the displayed price is not final. It’s simply based on the health info you provide and subject to further approval. The third-party underwriting company must review your info and gather additional information before offering a final rate.

The factors used to determine that rate include:

  • Personal and family health history
  • Driving record
  • Lab results

Once they review your info, the life insurance partner will send you the finalized quote and ask for your approval. If it doesn’t meet your expectations, you can back out at that time at no charge.

Only Offers Term Life Insurance

Zander Insurance does not allow you to get a quote for whole life insurance. They only offer term life insurance policies through their partners – even if those entities have whole life plans otherwise available.

Since it comes with affordable rates and flexible terms, term life insurance better aligns with Dave Ramsey’s Baby Steps. So, by only offering this product, they can earn his endorsement and market their plans as a financially-sound way to provide for your family after death.

If these drawbacks deter you from getting a Zander life insurance policy, you still have many other term life insurance providers to consider. So, keep looking around to find the best option for your needs, and then sign up with confidence that you made the right choice.

How to Apply for Life Insurance Policies Through Zander Insurance

If you want to sign up for Zander life insurance, you just need to go to their website to complete your application. You’ll start by selecting your ideal coverage level and term, and then click ‘Next.’

On the next page, you can input your health status info, including:

  • Date of birth
  • Biological sex
  • Health category

You also need to let them know if you have used any tobacco or nicotine products in the past year.

Once you finish with that page, you can input your contact info and ask the system to show your quotes. The quote page will show their partners’ names, annual and monthly rates, and health class on each plan.

If you’re not satisfied with those results, simply click ‘See More Results’ to explore other options. You can also go back to the top of the page to adjust your coverage amount and length to align the rates with your budget.

Upon finding a term life insurance option you prefer, you can complete the sign up process by selecting that plan from the list. Then, you just need to decide if you’ll pay monthly or annually and move through the final steps.

What to Expect After Getting Approved for Zander Life Insurance

After signing up for Zander life insurance, you have 10 days to read through the policy documents and make sure it’s the right choice for you. If it does not meet your expectations, you can cancel within that period and receive a refund on any premium payments already paid. After that, you’re still free to cancel any time, but you will not receive a refund.

Once your term life insurance goes into effect, you will need to make your premium payments on time to maintain coverage. If you stop making payments, the company who issued the policy will cancel your coverage, resulting in the loss of that low rate. You will then have to reapply to resume coverage, likely at a higher rate.

After signing up for term life insurance, let your family know where you keep the documents and how to make a claim if you pass away. Otherwise, they may experience financial difficulties without knowing that you have coverage available to help.

Overall Quality of Their Customer Service and Support

Zander Insurance offers customer service and support through email and by phone. If you’re on their site during business hours, you can also use their live chat to get answers to all your questions. This company only provides support for their website and services. After you’re set up with a policy, their partner takes over in providing any support you need.

Bottom Line

When it comes to finding many term life insurance policies to consider, Zander Insurance comes through in a big way. They make it easy to find the right coverage level and term for your needs – and their service comes backed by Dave Ramsey. With that, you just know that they are a trustworthy source of financial information and a great place to start in finding your ideal term life insurance plan.

Maria Abendroth

Marie Abendroth is a skilled content strategist and SEO copywriter with a focus on helping people improve their personal finances and overcome their barriers to success. In her articles, she provides up-to-date info that can help everyone better understand how to invest in a better future.