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PolicyGenius Disability Insurance Review


ConsumersAdvocate.org Rating: 4.3 / 5 (Excellent)
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PolicyGenius is a New York-based company that helps consumers find insurance solutions through online tools and professional consultants. Consumers can receive free personalized quotes from top insurance companies for such products as life, health, and long-term disability insurance, among others.
 
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How is PolicyGenius rated?

Breakdown

4.3/5
Policies & Coverage
4.0/5
Flexibility
4.5/5
Financial Strength
5.0/5
Reputation & Customer Experience

Overall Rating: 4.3 / 5 (Excellent)

PolicyGenius helps individual consumers obtain multiple long-term disability insurance quotes from companies like Guardian, Assurity, and The Standard, through an easy, five-minute application. Consumers can choose from a large selection of benefit options and optional riders, and easily change their choices to adjust the quoted price range. PolicyGenius's excellent customer reputation should make them one of the first places consumers look for long-term disability insurance.

PolicyGenius Policies & Coverage

Policies & Coverage - 4.3 / 5

PolicyGenius is an online marketplace that matches consumers with long-term disability insurance policies. The application takes all of five minutes, and it lets consumers pick their choice of elimination periods, maximum monthly benefits (up to 60% of the applicant's income), and benefit period. It also asks for information on age, occupation, and health, and returns a price range. This range can be adjusted to fit consumers' budgets by changing the benefits, as well as adding or eliminating available riders. Ultimately, the final benefit offer and price will depend on the insurance company selected. But the application's ease of use appears to take much of the hassle out of shopping for insurance.
Policy Types
Long-Term
Individual
Policy Features
Non-Cancelable
Elimination Period
30, 60, 90, 180 or 365 days
LTD Maximum Monthly Benefit
60% of income
Long-Term Benefit Period
2, 5, or 10 years, or up to retirement age (65 or 67)
Online Quote
Pre-Existing Conditions Exclusion

PolicyGenius Flexibility

Flexibility - 4 / 5

When applicants search for rates on PolicyGenius, own occupation, residual disability, non-cancelable, and future purchase option riders are included in the cost. These are three benefits that experts recommend policyholders should always look for. However, applicants are allowed to opt-out of these features, which may change results and premium costs. Other riders may be available directly through the selected insurance company.

Available Policy Riders

Future Increase
Cost of Living Adjustment
Waiver of Premium
Residual Benefits
Own Occupation
Automatic Benefit Increase
Guaranteed Insurability
Return of Premium
Critical Illness
Hospital Confinement Indemnity
Supplemental Disability Income
Retroactive Injury
Accidental Medical Expense
Catastrophic Disability

PolicyGenius Financial Strength

Financial Strength - 4.5 / 5

PolicyGenius is a marketplace insurance agency; that is, it sells insurance, but the individual policies are underwritten and issued by one of the insurance carriers they represent. As such, PolicyGenius' financial strength should not be a relevant factor when deciding whether or not to opt for their services. It's worth noting that they only work with A-rated carriers.
Company Type
Marketplace
Year Founded
2012

PolicyGenius Reputation & Customer Experience

Reputation & Customer Experience - 5 / 5

PolicyGenius is accredited by the BBB and has an A+ rating, with only two negative reviews and one customer complaint, which seem to revolve around grievances that are most directly related to the insurance company. On Trustpilot, PolicyGenius has an almost-perfect 9.8 rating, with customer feedback praising how easy it is to find a policy through them.
BBB Rating
A+
Number of BBB Positive Reviews
5
Number of BBB Negative Reviews
2
Trustpilot Rating
9.8 out of 5
Date Collected
2018-03-19

Company Profile

Full Name
PolicyGenius Disability Insurance
Company Website
https://www.policygenius.com/
Headquarters
22 West 19th St, Floor 8, New York, NY, 10011

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