Ad Disclosures

Life Insurance

Plans starting at $4.57/mo and less than $1/day are based on an 18-year-old female for a 2-year term in preferred plus health class with a plan face value of $50,000. The yearly value of this product totals to $54.84 per year, which is less than $100/yr. Form #ICC22.SL.TERM(06.2022). Individual rates will vary based on each customer’s specific circumstances. Rate valid as of April 12, 2023

Any previously published materials in which Wysh plans are advertised to start at $9 per month are based on outdated pricing information. As of April 12, 2023 the lowest cost Wysh plan is $4.57 based on the above parameters.

This stat is based on an 1800-person quantitative research study done by NM GSB, LLC, a Wysh Life and Health Insurance Company affiliate, in November 2020.

Those who took part were aged 20-45 years old and didn't have an active life insurance policy at the time of the Study. During the Study, participants were given a description of a standard digital, direct-to-consumer term life insurance policy and were asked to select the amount of coverage they think they needed. The average amount of coverage selected was $350,000 for a 30-year term.

The costs of plans offered by the three competitors who had the largest national market share in selling direct-to-consumer digital term life policies [Haven Life, Bestow, Ladder] was averaged to calculate the cost of a similar policy for $350,000 of coverage with a 30-year term.

Participants were then given a description of a personalized, digital, direct-to-consumer term life insurance policy and asked to create a plan that was based on their self-reported debts and financial needs. The average amount of coverage selected for a personalized term life insurance policy was $200,000 for a 30-year term.

Using the average calculated in the previous step using the top three market competitors, we compared Wysh's term life insurance pricing, resulting in a calculated 40% saving on premiums by creating a personalized term life insurance plan.

Basic Life Product, through a multi-select function
Avg Term: 30 years
Avg Coverage: 350,000
Wysh Term Life Product, through Wysh and slider functionality
Avg Term: 30 years
Avg Coverage: 200,000

Wyshes are a feature of the Wysh app. The Wyshes tool helps users structure their life insurance needs and communicate to their beneficiaries how they'd like their life insurance policy spent. Wysh Life and Health Insurance Company cannot and will not force beneficiaries to spend the life insurance payout in any particular way. Wysh Life and Health Insurance Company customer service will be available to assist beneficiaries or, with their authorization, execute a payment to a third party—in performing any of the Wyshes outlined by the policyholder in their Wyshes. This includes, but is not limited to:

• Working with a bank to pay off a mortgage.
• Shooting ashes into space.
• Paying college tuition.
• Sending a pet to a new home.
• Putting money into an investment account.

Plans starting at $9/mo, $18/mo, and $30/mo are based on a 25-year-old female for a 10-year term in preferred plus health class with a plan face value of $100,000. Plans starting at $11/mo are based on a 25-year-old female for a 10-year term in preferred plus class with a plan face value of $155,000. Form # ICC22.SL.TERM(06.2022).

You can get Wysh Life and Health Insurance Company plans through the Wysh app. From beta testing users in the Wysh app, we've found that you can get coverage with us within 9-10 minutes. Times to complete the application will vary based on the specific circumstances of the application and qualifying for fully digital underwriting.

At Wysh Life and Health Insurance Company, we offer term life insurance (form # ICC22.SL.TERM(06.2022)) until age 65 and coverage from $50k to $2.5M. Extensions or increases to the underlying value of plans may require additional underwriting and may not result in extended coverage. All plans are issued, managed, canceled, extended, or increased through the Wysh app. At the end of a selected term, you'll be notified of expiring coverage. You may then be required to go through underwriting again, at which point we at Wysh Life and Health Insurance Company reserve the right to deny an extension if your underlying health and life conditions have changed. Changes in underlying health and life conditions may also result in additional premium costs that will vary as specific circumstances affect each customer's rate.

To make a claim, we always need a completed claims form and a death certificate. Once we get these, our customer service team will verify all documents and work with the beneficiary to honor the deceased's Wyshes. We'll always try to work through these claims as quickly as possible; we aim to resolve claims within days of confirmation of the death. However, mitigating factors, including delays in receiving third-party verification and further investigation requirements of the death, may prevent us from doing this.

At Wysh Life and Health Insurance Company, we offer term life insurance (form # ICC22.SL.TERM(06.2022)) to the age of 65. Extensions of policies that expire prior to age 65 may require additional underwriting and may not result in extended or increased coverage. All plans are issued, managed, canceled, and extended through the Wysh app/website. At the end of a selected term, you'll be notified of expiring coverage. If you choose to increase coverage or extend the term, you may be required to go through underwriting again, at which point Wysh Life and Health Insurance Company reserves the right to deny an extension or increase in coverage if your underlying health and life conditions have changed. Changes in underlying health and life conditions may also result in additional premium costs that will vary as specific circumstances affect each customer's rate.

Locking in lower rates and our "Keep Rates Young" feature are based on continuing at the same health level. Additional underwriting may be needed for extensions and changes of coverage that could impact rates.

The adjective "easy" as used on wysh.com, the Wysh app, and any other advertisements or documentation discussing the insurance of Wysh Life and Health Insurance Company refers to the user experience. The word "easy" is not meant to imply or convey that everyone will qualify for or receive insurance from Wysh Life and Health Insurance Company.

Bankrate article, “Survey: How many of us have life insurance? And how many have enough of it?”, July 2015.

United States Department of Agriculture article, “The Cost of Raising a Child,” March 2017. 

National Funeral Directors Association article, "Statistics," December, 2021.

Bank Rate article, “Mortgage protection insurance vs. life insurance vs. PMI: Who needs what?” October 2020.

This statistic is based on a quantitative research study (the “Study”) conducted by NM GSB, LLC, an affiliate of Wysh Life and Health Insurance Company, on 1200 participants in November 2021.

Participants who were working women (currently employed either full-time or part-time) between the ages of 20-45 years old, and had children under the age of 18 in their household were chosen for this study. Participants who fit this criteria were asked if their families relied, in part or in whole, on their income financially.

General

At Wysh Life and Health Insurance Company, we underwrite all policies electronically. The information is provided to us with user authorization and includes details such as medical history, prescription drug history, previous medical diagnoses, and other important medical factors. At this time, rejections based on doctor's visits and manual reviews are not a feature of our product, and we currently do not request or require applicants to retrieve additional medical info.

At Wysh Life and Health Insurance Company, we automate the underwriting process, application, and issuance of life insurance plans through our product, the Wysh app/website contingent on not opt-ing out of e-delivery and qualifying for fully digital underwriting. Users have the option to engage with our customer service through a live chat via our website, email, and telephone number—however, this is not a requirement.

Instant coverage means you can get covered under Wysh within minutes of confirming underwriting and signing your plan documents digitally and qualifying for fully digital underwriting. This is not a guarantee that you'll get a plan, and it does not mean that you can get coverage without underwriting. Wysh Life and Health Insurance Company requires underwriting and verification of user data for all individual term life coverage.

Wyshes are a feature of the Wysh app/website. Wyshes are a way for members to plan their insurance needs and communicate to their beneficiaries how they'd like their insurance benefit spent. While the beneficiary is under no legal obligation to honor the Wyshes, if the beneficiary agrees to honor them, Wysh Life and Health Insurance Company customer service representatives will attempt to fulfill the Wyshes to the best of their abilities and in accordance with known laws and limitations.

Custom Wyshes is a feature that allows users to input a unique Wysh of their choosing into the Wysh app. These Wyshes are not vetted or agreed to by Wysh at the time of purchase. Wysh Life and Health Insurance will not comply with any requests from beneficiaries or policyholders that could be seen as bullying, destructive, illegal, abusive, or damaging. Wysh Life and Health Insurance also does not take responsibility or make any explicit guarantee that all Wyshes will be fulfilled as documented in the Wysh app. The customer service representatives will assess the viability, reasonableness, and final cost of all Wyshes at the time a claim is made and work with the beneficiary to honor the Wyshes, as best as possible, if so requested.

Membership is a term we use to describe Wysh Life and Health Insurance Company policy holders and Wysh app users. We use this term because the experience we offer is ongoing, allowing customers to adjust coverage and modify Wyshes. 

Wysh Life and Health Insurance Company (“Wysh”), acquired Greenhouse Life Insurance Company in 2021, formerly known as National Teachers Life Insurance Company, Advanta Life Insurance, Smart Insurance, and United Prosperity Life Insurance. Initial license was issued in 1972 in the state of Arizona.