Policygenius makes insurance shopping and buying easier for shoppers. You can view life insurance policies and quotes online from multiple top insurers for term, whole, and universal life insurance. Once you see a policy that looks like a good fit, you can apply online and Policygenius agents will help you through the application and underwriting process.

If you're looking for an easier way to buy life insurance, Policygenius is a great company to work with.

The Good

  • Easy to Use
  • Realistic Quotes
  • Work with a Licensed Agent
  • Policies from Reliable Insurers
  • Transparency
  • Additional Insurance Products Available

Easy to Use

Policygenius's platform makes buying life insurance simple. You can compare quotes and policies from multiple insurers online, apply, and then buy a policy once underwriting is complete. Policygenius's licensed agents help you through the process, which is especially nice because insurance can be confusing.

Realistic Quotes

Policygenius focuses on providing realistic quotes. It keeps them updated with current rates charged by the life insurers it works with. Life insurers file their rates with the government each year, so the quotes you see on Policygenius aren't different from what you would see anywhere else. The advantage is the ability to quickly compare across companies. 

Policygenius also only shows quotes after you've provided some underwriting information like gender, age, and health history. While some may find it frustrating to provide some information before seeing a quote, this process ensures that Policygenius is showing you realistic quotes. The underwriting process determines what your monthly premium is, and some of the biggest determining factors are gender, age, and health.

Because of these efforts, most of Policygenius's quotes are within $10 of the actual premium determined through the application and underwriting process.

Policygenius is a great research tool because it does not require you to provide contact information before you look at quotes, which means you don't have to worry about getting sales calls before you're ready to apply for a policy.

Policies from Reliable Insurers

Policygenius only works with insurers that have received at least A- financial strength ratings. These financial strength ratings indicate that the insurer manages its finances and investments well, which means it is likely to be able to meet its claims obligations. You don't want to be in a situation where your beneficiaries make a claim that the insurer can't pay.

Because Policygenius only works with the top insurers, you don't have to vet insurance companies yourself. All you have to do is compare quotes and policy features to find the best fit for you.

Work with a Licensed Agent

Policygenius's representatives are licensed agents. If you have questions or need guidance, you can get help from an agent familiar with life insurance.

Policygenius's agents are also salaried, which means you don't have to worry about your agent pushing a sale because they earn commission. The ability to work with knowledgeable agents who aren't going to push policies based on commission is a great benefit of working with Policygenius.

Transparency

Policygenius is transparent about how it earns money and does business. Its services are free to clients because Policygenius is paid commissions by the insurers it works with for the policies it sells.

If you want to know what commissions are for the policy options you're considering, Policygenius representatives will share that information with you upon request.

Transparency builds trust, so Policygenius's commitment to transparent business practices shows it's a trustworthy company.

Additional Insurance Products Available

If you need to buy other kinds of insurance, you can also purchase health insurance, car insurance, disability insurance, and more online. If you need multiple kinds of insurance, Policygenius is a great one-stop-shop.

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The Bad

  • Doesn't Work with All Life Insurers
  • Quotes May Differ from Actual Premium

Doesn't Work with All Life Insurers

Policygenius doesn't work with all life insurers. Some insurers may not work with third-party brokers, which means you could buy one of their policies through Policygenius.

Policygenius also only works with top life insurers, which means you can trust that you're buying a policy from a reliable life insurer. 

If there's a particular life insurance company you'd like to buy from, you may want to work with them directly. However, if you don't have a strong preference, Policygenius shows policies from high quality insurers and has the added benefit of easily comparing policies and pricing across insurers.

Quotes May Differ from Actual Premium

If you work with Policygenius, keep in mind that your quote may be different from the actual premium you see when you apply.

While most often a Policygenius quote will be close to the actual premium, some applicants may see a bigger difference between the quote and actual price. 

Keeping in mind that the actual premium rate may differ due to a more thorough underwriting process is important to keep in mind. If you have certain health conditions, like diabetes, you may want to consider policies from several insurers because some insurers underwrite certain conditions more favorably than others. The more favorable the underwriting, the lower your monthly premium.

The Bottom Line

If you're looking to buy life insurance online from a trusted company, Policygenius is a great company to work with. You can buy term, whole, or universal life insurance through Policygenius's onling platform. 

You can view realistic quotes from multiple top insurers online without providing contact information. Keep in mind that your initial Policygenius quote will most likely be fairly close to your actual premium. However, there may be some cases where the quoted premium differs more significantly from the actual one when the insurer completes its underwriting process.

If you have health concerns, remember that some insurers treat certain health conditions more favorably than other insurers in the underwriting process. Learn more about each insurer's underwriting process to understand which insurers are best for you.

Through Policygenius, you can also work with a licensed agent who will help you through the application process. This service is complimentary to you. It's nice to have agents who can help you understand insurance and complete the application process.

If you have other insurance needs, you can work with Policygenius to buy health, disability, homeowner's insurance and more. This range of offerings makes Policygenius a convenient one-stop shop for your insurance needs.

Whatever you're looking for in life insurance, Policygenius is a great tool for researching, applying, and buying a life insurance policy.

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User Reviews

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Audrianna Pullen

July 17th, 2020 Norcross, GA

I am very happy with the choices I was given for life insurance. Your team made it extremely easy to compare the choices and select the the best one for me!

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Mark Meads

July 15th, 2020 Wonder Lake, IL DETAILS arrow_drop_down
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Great help in getting me a good deal for life insurance.

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Mauricio Jimenez

July 12th, 2020 San Antonio, TX

At first I was a bit confused with all the process but at the end Everything went smooth!

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