Life Insurance review · Updated October 2026

Lemonade Review (2026)

Online term life issued by Banner Life.

Reviewed by our editorial team · How we rank · Advertising disclosure

The short version

One of the few online options with terms as long as 40 years. On our life insurance comparison, it's labeled Best for long terms.

Key facts

Policy type	Term
Max coverage without exam	Varies by applicant
Term lengths	10–40 years
Ages	20–75

What stands out

Policies can be issued within minutes, often without an exam
Term lengths from 10 to 40 years
Ages 20 to 75

Pros and cons

Pros

Terms up to 40 years
Quick online decisions

Cons

Term only, no permanent policies

How Lemonade compares

Side-by-side comparison

	LLadder	LLemonade	AAARP (New York Life)
Trustpilot rating	4.7 Trustpilot · 3,026 reviews	4.2 Trustpilot · 7,237 reviews	–
Policy type	Term	Term	Term (and permanent options)
Max coverage without exam	$3 million	Varies by applicant	$150,000
Term lengths	10–30 years	10–40 years	Coverage to age 80
Ages	Up to 60	20–75	50–74
	Visit site	Visit site	Visit site

Head-to-head comparisons

Alternatives to consider

Ladder review · Best for flexible coverage
AARP (New York Life) review · Best for ages 50+

What to check before you sign up

Whichever life insurance provider you choose, compare these points:

Term vs. permanent. Term covers a set period at a lower cost. Whole and universal life last for life and build cash value.
How much coverage. A common starting point is enough to replace income for the years your family would need it, plus debts.
Medical exam or no-exam. No-exam policies are faster but may cost more or cap coverage amounts.
Carrier strength. Check the carrier's financial strength rating from agencies such as AM Best.

See life insurance providers that serve your ZIP code.

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