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Our team at Walnut is on a mission to make life insurance accessible and improve the lives of our members with access to valuable member benefits.
Accessible Pricing: We’re spearheading price-first life insurance memberships to create a transparent and trustworthy online buying experience. You’ll always know how much you’re paying right from the start. You can feel comfortable that you’ll never be blindsided by additional fees or commissions.
Member Benefits: To help you live your best life our memberships include access to relevant products and services in addition to your life insurance. These are included as part of your monthly payment and you’ll have access as long as your membership is active.
Our goal is to build a trusting relationship with you. We promise to never oversell you and will have your back as your needs change. Our licenced customer service reps are not commissioned agents, so you can count on unbiased helpful advice.
To ensure you have the best coverage we have partnered with SBLI a trusted life insurance carrier who has covered over 1 million US families and has paid out over 4 billion dollars in claims. You can find out more about our carrier at https://www.sbli.com/.
Term life insurance is one of the most affordable ways to ensure your family is protected financially in the event of your passing. "Term" is the set amount of time that the insurance will last. To determine the right length of time you would want to consider your financial liabilities; mortgage, loans, debt, and end-of-life expenses. Given this type of insurance is for a set period, if you were to outlive the term you would not receive any return on the premium. Your family would also not receive a death benefit.
There are multiple reasons someone would prefer to choose term life insurance. The premium prices are much more affordable, if you need something that would protect your family but are on a budget this is the perfect option. It's also great if you have a family with a mortgage, debt, loans, or want to put your kids through college. This is equally important to have if you have shared investments with a serious partner or even a business partner, the policy would help to protect them from financial loss or burden. The length of the policy would reflect how long you would need to protect your loved ones to cover your finances in the event of an unexpected death.
The most simple way is having your death benefit equal to 10 times your annual income, this is a good estimate to start with. To go a little deeper, you will want to analyze your expenses and future financial needs. Things to consider are; mortgage payment, debt, kids' college, and day-to-day expenses.
This greatly depends on what the serious medical condition is. This should not stop you from reaching out to an insurance provider to see if you would qualify. In general, most pre-existing conditions will get a rating, making your premium higher. What is important is to get covered with insurance the sooner the better, because if you do have a medical condition this puts you at greater risk of earlier or an unexpected death.
Yes, the SBLI term life insurance that we offer does cover death by COVID-19. Receiving a COVID-19 vaccine will also have no effect on the ability to obtain coverage or benefits from SBLI life insurance policies. You can read more about SBLI’s response here.
Eligibility may vary depending on health and other factors, but yes, our platform allows you to get covered 100% digitally without ever needing to speak with an agent. Although, we are here if you need some help. Our agents aren't compensated on commission, so you know that you're getting unbiased advice.
In the event that you are having trouble with your application online, please know that we are here to help. To chat with us, you can contact us through the live support on our site or email us at email@example.com.