Policygenius Life Insurance Review

Background-Policygenius

Founded in 2014, Policygenius was established by two former insurance company consultants who noticed that the large, traditional life insurance issuers continually experienced difficulty engaging the modern, self-directed online consumer. With the aim of taking the confusion and stress out of the process of buying insurance (of all types) they launched Policygenius. The company is not a direct provider of life insurance products, but an independent and licensed broker unaffiliated with any insurance entity. PolicyGenius works with some of the largest direct life insurance providers in the country to connect customers with a life insurer that matches their needs and budget.

Information below reflects all the available options and benefits covered by partner life insurers. To get more detailed information on the availability of options and benefits please talk with a Policygenius agent.

Company Reputation

Although Policygenius is a relatively new company, it has strong relationships with, and is able to offer you policies from, a multitude of life insurance companies. This includes all the most respected highest ranked by independent ratings agencies.The company is able to provide a wide range of coverage options and price points. They are licensed to do business in all 50 states.

Policygenius conveniently provides the A.M Best and BBB ratings for all the insurance entities they do business with on their site. Customers wishing to know the financial and credit ratings of particular companies before they purchase can find this information out through Policygenius. 

Policygenius is rated 'A' by the Better Business Bureau.

Customer Experience

Policygenius is able to offer you services from all the highest rated companies in terms of customer satisfaction and complaint ratios. What's more, the company is staffed by well trained and personable insurance experts who don't have a dog in the fight, so to speak. They are not representing any company and they do not have any reason to try and upsell you something you do not need. They're only function is too get you the policy that fits your needs at the lowest price.

Consequently, in it's short life, Policygenius has developed a serious following online with hundreds of positive reviews attesting to their quality of service, quick expert advice, and general usability of their online platform. Customer experience has been overwhelmingly positive.

Policies

Policygenius' list of policies and policy options is only limited by the companies they are connecting the consumer with. Since Policygenius offers access to a host of major insurers, some typical features can include:

Can upgrade/downgrade plan
Guaranteed premiums
Term premiums stay level until renewal
Term convertible to permanent
All term to permanent conversions and some term renewal feature guaranteed purchase option (no medical exam)
Access to cash value
Interest rate guarantee
Flexible payment options
Graded premiums

Because of its position as an insurance broker, Policygenius can offer seemingly limitless variations of insurance plans to met a given customer's needs. For example:

*** Information based on MetLife Insurance products

Additional Features

Policygenius gives you access to plans that contain long term care insurance, disability waiver of premium, and accelerated death benefit. As with the other categories, Policygenius' unique platform gives it the opportunity to offer limitless options and combinations of plan riders. Including:

• Accidental death
• Child
• Disability income
• Funeral expenses
• Additional insured
• Estate protection
• Death benefit guarantee

Help and Support

Policygenius support staff are insurance experts and not salespeople. They are available by phone, email, live chat and social media at all times.

Online Presence

Policygenius is a young company and it shows...in a good way. Its web presence and online tools are second to none. The website more resembles a resource for all things insurance, offering loads of information, articles, and just plain useful advice and content. Their online application portal is convenient. Their free quote calculator compares competing policies from top companies and is quick and easy to use. What's more, since Policygenius offers life, renters, pet, and disability insurance, the website features a unique Insurance Checkup. This application guides the consumer through a step-by-step list of questions and then emails the company's recommendations. 

Policygenius-Why We Rank Them Highly

Policygenius is a great resource for life insurance shoppers. It not only gives people a simple way to compare different life insurance products and get a policy that matches their individual needs and budget, it also offers a website with a wealth of information and expert advice for shoppers. Throw in a convenient application process, free quotes, and their Insurance Checkup and you begin to see how they are fulfilling their initial mission of demystifying and de-stressing the insurance selection process.