Terms Of Use

Using our site

Algoli LLC and its subsidiaries and affiliates (collectively, “Algoli” or the "Company") make life insurance simpler for people to buy online. These Terms of Use (the “Terms”) outline the rules and expectations that protect both you and Algoli. Our goal is to keep them simple and easy to understand. If there's something you're not sure about, please reach out to us. We use the term "Services" to refer to any of the products and services we sell online, any site information or Services provided on https://over80lifeinsurance.com/ or our affiliated sites (collectively, the “Site”), and the growing community of people who use our platform. When we write "we", "our", "us", or "Algoli", we mean Algoli LLC. And, any time we write "you" or "your", we mean the person who is using our Services (and reading these Terms).

Remember: if you buy insurance using Algoli, there are important laws, rules, conditions, exceptions, and requirements that apply to you and your insurance carrier for your issued insurance policy. Your rights and responsibilities are explained in your insurance policy, which will be digitally provided to you after you sign and remit your first payment. It will also be available in your Algoli Account.

These Terms apply to you. You agree, as long as you continue to use our Services, to accept and follow these Terms, and to only use our Services as permitted. You understand that Algoli sells insurance and should only be used by those who can legally buy an insurance contract where they live. Our Services are not available to minors. Specifically, by using or applying for Services, (i) you must be the person being insured on the policy; (ii) you must be the person that owns and pays for the policy; (iii) the primary purpose of the policy must be to protect your family; and at the time of submitting your application, (iv) you do not have any agreements in place to assign/sell the policy for which you are applying.

Consent to Doing Business Electronically

By using our Services, you agree that all communications from us relating to products and Services, including insurance products, offered through the Site may be provided or made available to you electronically by e-mail, SMS text message, or at the Site. You further agree that we may accept an electronic signature from you, and that this electronic signature will have the same binding effect as a physical wet signature and will appear on all records related to the provision of any such products and services.

You agree that you have the ability to access, view, store, download, and print communications, documents, and hyperlinks we deliver or make available to you electronically through your computer or on your mobile device. You can find apps that support printing and saving electronic communications using your mobile device’s app store. If your mobile device does not have this functionality, you must access the Site through alternate means that provide you with the capability to print and save communications.

You may withdraw your consent to electronic communications and to use an electronic signature at any time. If you do withdraw your consent, from that time forward (1) you will be unable to apply for products or services, including insurance products, through the Site, and (2) we will be unable to continue processing any pending applications for products and services, including insurance products. To withdraw your consent of doing business electronically, please send us a written notice by email at hello@over80lifeinsurance.com.

Algoli only sells insurance in states where we are licensed to sell.

Our Services are offered through our licensed insurance producer entity, Algoli LLC. Algoli is not an insurance carrier. Instead we provide the products and services of our admitted insurance carrier partners licensed to sell insurance in your state. Not all products are available in all states. Algoli is paid commissions and may receive other performance-based compensation for its services. You can find a list of Algoli insurance licenses at this link.

The products we offer are only for people who live in the United States. We don't and don't intend to sell insurance products outside the United States, or anywhere Algoli isn't licensed.

Our quote is not the final price

Algoli generates quotes for life insurance products. These prices change based on your answers to our questions and information collected during your application, your choices for different products, or due to changes of insurance pricing guides. For example, if you apply for life insurance just before your birthday, but don't pay for it that day, it can cost more a few days later --- as it's after your birthday and your price may go up as you get older. Whenever you leave your application before you pay, your price may change. Your price isn't final and set until you sign your insurance contract with our insurance carrier and pay your initial premium.

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Disclaimer of Warranties

WE DO NOT PROVIDE ANY WARRANTIES WITH RESPECT TO THE USE OF THE SERVICES, INCLUDING ANY AND ALL SOFTWARE INCLUDED THEREIN, WHICH IS PROVIDED "AS-IS". YOU USE OUR SERVICES WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OR CONDITION OF ANY KIND, AT YOUR OWN RISK. Algoli DISCLAIMS ANY AND ALL WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. We do not take on or assume any responsibility for any harm, loss, or corruption to you, your computer, or your data (or any third party data or computer) from your use of our Services. Some states don't allow for these limitations of liability. If you live in one of these states, then these warranties will be limited and the limitation on liability will be $100.00 in the aggregate for any and all claims.

The Services include information to help you think through what insurance is best for you. We aren't a replacement for your lawyer, financial advisor, or tax planning specialist. We simply provide useful information to help you think through your insurance decisions.

Limitation of liability

IN NO EVENT SHALL (I) Algoli BE LIABLE TO YOU OR ANY THIRD PARTY FOR SPECIAL, INDIRECT, PUNITIVE, EXEMPLARY, OR CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFITS, REVENUES OR SAVINGS, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES IN ADVANCE, AND (II) OUR LIABILITY FOR DAMAGES TO YOU OR ANY THIRD PARTIES EXCEED, IN THE AGGREGATE, THE FEES PAID BY YOU TO US DURING THE LAST YEAR PRIOR TO THE DATE SUCH CAUSE OF ACTION ARISES.

YOU ACKNOWLEDGE THAT (I) THE LIMITATIONS ON LIABILITY IN THIS SECTION ARE REASONABLE AND THAT THE PROVISIONS OF THIS SECTION ALLOCATE THE RISKS UNDER THIS AGREEMENT BETWEEN YOU AND US (AND OUR AFFILIATES), AND (II) WE AND YOU HAVE RELIED UPON THE LIMITATIONS SET FORTH HEREIN IN DETERMINING WHETHER TO AUTHORIZE YOU TO USE THE SERVICES. THE REMEDIES PROVIDED TO YOU IN THE TERMS ARE EXCLUSIVE. Some states do not allow for these limitations of liability. If you live in one of these states, these limits don't apply to you, and the maximum liability for any of these violations will be $100.00 in the aggregate for any and all claims.

THE TERMS AND YOUR USE OF THE SERVICES WILL BE GOVERNED BY CALIFORNIA LAW EXCEPT FOR ITS CONFLICTS OF LAWS PRINCIPLES. ALL CLAIMS ARISING OUT OF OR RELATING TO THE TERMS OR ANY USE OF THE SERVICES WILL BE LITIGATED EXCLUSIVELY IN THE FEDERAL OR STATE COURTS RESIDING IN SAN FRANCISCO, CALIFORNIA. WE AND YOU EACH CONSENT TO VENUE AND PERSONAL JURISDICTION IN SAN FRANCISCO, CALIFORNIA.

You agree that these are the Terms for your use of the Services, and you have not entered into any other agreement related to your use of the Services. We haven't and don't create any third party beneficiary rights by the Terms. If we waive or fail to enforce any of the Terms, it doesn't waive our right to enforce the Terms against you or someone else in the future. You may not assign any rights granted by the Terms to any third party, and any attempt to do so will be null and void. Algoli may assign the Terms to any affiliate, subsidiary, or any acquirer of substantially all of the assets or capital securities of Algoli. If a provision of the Terms is found unenforceable, the remaining provisions of the Terms will remain in full effect, and we will substitute a replacement enforceable term reflecting our intent as closely as possible.

Our Terms will change as Algoli evolves and grows

We will change the Terms as Algoli and the insurance industry evolves and grows over time. Your continued use of the Services, after a change to the Terms, means you agree to the Terms, including any changes. If you no longer agree with the Terms, please stop using the Services.

Insurance Products

Insurance products are only available to people in those jurisdictions in which they may be legally sold. By applying for insurance products through the Site, you are agreeing to (1) designate us as your agent of record, (2) authorize us to communicate such designation to any insurance carrier, your prior insurance producer, and any other person or entity we determine should be advised, and (3) permit us to receive any compensation that any insurance carrier agrees to pay to us in connection with your purchase of insurance products. With respect to any insurance product, if any term or condition of these Terms differ from the terms and conditions of the policy, the policy’s provisions will control.

Algoli does not provide any legal, regulatory, accounting, or tax advice, and you must rely upon your own advisors before making any financial decision.

Anti-Money Laundering (AML)

Algoli strives to monitor, detect, and prevent transactions that may involve fraud, money laundering, terrorist financing, or other illegal activity and to report applicable situations as may be required by law. Algoli reserves the right to deny Service to anyone where we have a reasonable suspicion of violations of any applicable law.

Effective date

November 19, 2023