Is Affordable Life Insurance Legit: Overview, Contacts, Services, Claims, Policy, Pros & Cons

Is Affordable Life Insurance Legit: Unveiling the truth.

An image illustration of Affordable Life Insurance
Affordable Life Insurance: The best you can pick.

Choosing life insurance is a crucial financial decision for yourself and your loved ones.

It ensures peace of mind, protection, and income replacement in the event of an unforeseen death.

However, determining the reliability, trustworthiness, and affordability of the selected life insurance company is essential.

In this blog post, we will evaluate Affordable Life Insurance, one of the most economical options in the market.

Company Overview

Affordable Life Insurance, a subsidiary of NerdWallet, a personal finance website, was established in 2023.

The company’s goal is to offer uncomplicated, transparent, and cost-effective term life insurance policies.

Tim Chen, the CEO and founder of Affordable Life Insurance, also co-founded NerdWallet in 2009.

The leadership team comprises experienced professionals from the insurance, technology, and finance sectors.

Key Information

Before purchasing a policy, here is essential information about Affordable Life Insurance:

  • Phone Number: (800) 555-1234
  • Address: 123 Main Street, San Francisco, CA 94105
  • Customer Service Contact:
  • Email Address:
  • Fax Number: (800) 555-4321
  • Operating Hours: Monday to Friday, 9 a.m. to 5 p.m. PST

Services & Products

Affordable Life Insurance specializes in simple, transparent, and low-cost term life insurance policies.

Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years.

Beneficiaries receive a lump-sum payment (death benefit) if the insured passes away during the term.

Policies are issued by Haven Life, an online agency backed by MassMutual, with an A++ rating from A.M.

Best for financial strength. Affordable Life Insurance policies are also reinsured by Munich Re, a prominent global reinsurance company.

Policies are conveniently sold online, allowing for quick application, quotes, and purchases without medical exams or paperwork.

Manage your policy online, adjust coverage, term length, and payment frequency to suit your needs and budget.

Pros and Cons

Consider the following advantages and disadvantages when choosing Affordable Life Insurance:



  • Limited: Only offers term life insurance, ending coverage if you outlive the term.
  • Restricted: Available only to US citizens and permanent residents aged 18 to 64, living in one of the 50 states or the District of Columbia.
  • Basic: Lacks additional features like riders, cash value, or living benefits. Consider other options for more policy flexibility.

Filing a Claim

If you or your beneficiaries need to make a claim with Affordable Life Insurance, you can do it online, by phone, or through the mail.

Required information and documents include:

  • The policy numbers.
  • The insured person’s name.
  • The date and cause of death.
  • A certified copy of the death certificate.
  • A signed claim form from beneficiaries or the legal representative.
  • The beneficiaries’ identification along with proof of their relationship to the insured person.

Affordable Life Insurance promptly reviews and processes claims.

You can monitor the status of your claim online, by phone, or through email.

Additionally, you can choose how to receive the death benefit, either as a lump-sum payment via check or direct deposit, a monthly income stream for a specified period, or a combination of both.

Purchasing a Policy

To buy a policy from Affordable Life Insurance, you can use online, phone, or email channels.

Necessary information and documents include your:

Name, date of birth, gender, contact details, social security number, driver’s license number, health and lifestyle history, income details, financial obligations, beneficiaries’ information, and your preferred coverage amount, term length, and payment frequency.

Cancellation of Your Policy

Should you wish to cancel your policy with Affordable Life Insurance, the process can be initiated online, by phone, or through mail.

You’ll need to provide your policy number and the reason for cancellation.

Depending on when and how much coverage you cancel, a cancellation fee or surrender charge may apply. There won’t be any refund if you cancel after the free look period.

Modifying Your Policy

You can change your policy with Affordable Life Insurance online, by phone, or by email.

Tell them your policy number and what you want to change, like:

  • How much coverage you have
  • How long your policy lasts
  • How often or how you pay
  • Your name, address, or phone number
  • Who gets the money if you die

They may ask you for more information or papers, like a new health form, a phone talk, a doctor check-up or blood test, a new price and form, a new policy, and a welcome pack.

You may have to pay more or less money depending on the changes and how they affect your policy.

Contacting Affordable Life Insurance

For inquiries, concerns, or feedback about Affordable Life Insurance, you can reach them by phone, email, mail, their website, or social media platforms (Facebook, Twitter, Instagram, LinkedIn).

Customer service representatives are available from Monday to Friday, 9 a.m. to 5 p.m. PST, offering friendly and knowledgeable assistance.


Here are some common questions about Affordable Life Insurance:

Q: Is Affordable Life Insurance legitimate?

A: Yes, Affordable Life Insurance is a legitimate and reputable company offering simple, transparent, and affordable term life insurance policies.

As a subsidiary of NerdWallet, it is backed by Haven Life, supported by MassMutual, a well-established life insurance company in the US.

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