Policygenius

• 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 start by providing some information about yourself, including contact information. Then, a Policygenius representative will help you compare policies and quotes from multiple insurers.  When you find a good fit, Policygenius will help you through the application process. This assistance is especially nice because insurance can be confusing.

Realistic Quotes

Policygenius focuses on providing realistic quotes. It keeps pricing 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'll receive through Policygenius aren't different from what you would find anywhere else. The advantage is the ability to quickly compare across companies.

Policygenius also only quotes life insurance rates 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. Comparing rates through Policygenius gives you a reliable sense of what your insurance cost will be after you've been approved.

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 insurance provider 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 insurance options 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

Policygenius isn't solely focused on the life insurance industry. If you need to buy other kinds of insurance, you can also purchase health insurance, car insurance, disability insurance, home insurance, and more online. Policygenius is a great one-stop-shop if you need multiple kinds of insurance.

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• Contact Information Required for Quote
• Doesn't Work with All Life Insurers
• Quotes May Differ from Actual Premium

Contact Information Required for Quote

Before you receive quotes, you'll have to provide your contact information. This can be frustrating if you're in the research stages or prefer a fully online experience. However, it can be beneficial to work directly with a Policygenius expert as you consider options and navigate the life insurance application process.

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 not 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. This way, you can choose your insurance carrier based on the coverage and rates it offers.

Quotes May Differ from Actual Premium

If you work with Policygenius, keep in mind that your insurance 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.