Policygenius Life Insurance Review

Due to the fact that it is an insurance broker, Policygenius does not provide or sell any insurance products directly. They do, however, provide typical prices depending on the insurers with which they work. Let’s see Policygenius Life Insurance Review, to know more about them.

Pros and Cons of Policygenius Life Insurance

Policygenius Life Insurance Review - Policygenius Life Insurance Logo

Pros

  • Using a two-minute quotation form, you may compare numerous insurance products for which you may be eligible.
  • Provides a life insurance needs calculator to help you figure out how much coverage you need.
  • Customer service staff assists you with the application procedure.
  • To obtain a quotation, you do not have to divulge any personal information.

Cons

  • Not all service providers offer online quotations.
  • There’s no explanation of the approach used to choose the recommended firms.
  • Aside from term and whole life, it’s unclear which forms of life insurance the quotations pertain to.

What affects my rate with Policygenius life insurance?

Health issues, DUIs, and hobbies all factor into insurance underwriting rules and criteria, and some companies are more forgiving than others. A broker like Policygenius will use your “risk profile” and the insurer you’ve been connected with to determine your premium.

  • Personal medical history. Major health issues like diabetes, heart disease, or cancer will raise your insurance premiums.
  • History of health problems in the family. There isn’t much you can do to improve the health of your family. Finding a service provider that doesn’t place as much emphasis on it is a possibility. Even so, your other medical and lifestyle data may still be examined by investigators.
  • Your general well-being is the only thing that matters. Medical issues such as obesity, high cholesterol, and mental diagnosis can have an impact on your insurance prices. If you can address your issues with medicine, counseling, or another kind of treatment, your risk profile may be lowered.
  • Usage of tobacco or alcoholic beverages. The frequency with which you use it and the date on which you last used it influence how severely these factors are weighed. Even the occasional use of cigarettes can lead to substantially higher premiums, as should be emphasized.
  • Convictions in the areas of driving and criminal offenses. When assessing your risk based on these parameters, the number of convictions you’ve had and the duration since your previous one are taken into account.

How to get a quote from Policygenius life insurance

Here are the actions to take:

  1. Navigate to the Policygenius site and choose the Life option.
  2. After that, you’ll be asked for some personal information, such as your gender, birthday, ZIP code, country of residence, and whether or not you’re married. After that, simply click Next.
  3. After that, you’ll be quizzed on your general health. Click on Get My Quotes once you’ve answered the questions. The next screen will ask you for further information if you replied yes to any of the treatment or medication-related questions. Clicking Next will take you to that screen.
  4. Your progress will be saved when you’ve answered all of the health-related questions and your email address will be requested. After that, you’ll be able to see your quotation and make changes as needed.
  5. Click Next: Select An Insurer if you’re satisfied with the coverage selections. There are a variety of choices available to you once you get to that point. There is live chat assistance accessible on the page if you need it.
  6. Click on the proceed button next to the provider and policy you want to choose to begin the application process. After that, Policygenius will help you with the application.
  7. To get the most out of your coverage, create your online account with the provider once you’ve finished the application and been authorized. To make sure payments are made on time, you may go online and monitor your policy.

Which life insurance companies does Policygenius work with?

There are several life insurance companies in the United States that work with Policygenius, including:

  • AIG
  • Legal & General (formerly Banner Life)
  • Brighthouse
  • Guardian Life
  • John Hancock
  • Lincoln Financial
  • Mass Mutual
  • Mutual of Omaha
  • Pacific Life
  • Principal
  • Protective
  • Prudential
  • SBLI
  • Transamerica

What types of life insurance coverage does Policygenius offer?

Policygenius does not provide or market insurance products. There are a variety of coverage options available from the insurers with whom it works, including:

  • Term life. Most insurance companies offer protection for a period of time between ten and thirty years. Your prices may go up once your coverage expires, depending on the insurance company. You won’t get a payment if you outlive the policy.
  • Premium term life insurance is making a comeback. If you live longer than the term of your coverage, you’ll be reimbursed for the premiums you’ve paid.
  • For the rest of my days. As long as you keep up with your payments, the coverage is more expensive than a term policy, but it’s permanent. Policies may also be worth more money if they are convertible to cash.
  • Existence in all places and times. A sort of whole life insurance that allows you to make changes to your premium at any time throughout the policy’s term. Premiums can be reduced by reducing spending and borrowing from the cash value, which can reduce the payout’s worth.
  • The length of time that something exists is arbitrary. Investing your payments in subaccounts and earning dividends is possible with this form of long-term policy.
  • The length of time that the universe will last is variable. Combining universal life insurance with variable life sub accounts allows you to adjust your premiums as needed.
  • Life expectancy has been extended by a factor of two. There is no medical exam required for this sort of coverage, and it may be acquired in a matter of weeks.

What riders can I add to my Policygenius life insurance policy?

For a cost, you may add riders to your policy. Some insurers charge more for these options than others do. You may want to keep an eye out for the following riders:

  • Accelerated death benefits riders. Some or all of your benefit may be available if you are diagnosed with a terminal disease and given fewer than 12 months to live, or somewhat more in some jurisdictions.
  • Accidental death benefit rider. If your death is the result of an accident, you will get an additional sum of money as compensation.
  • Riders who are under the age of 18. This rider allows you to purchase a limited amount of coverage for your children, whether they are adopted, stepchildren, or biologically yours.
  • Life-threatening disease compensates the rider. In the event of a severe illness, such as a stroke, it provides a lump-sum payout.
  • Rider that ensures you’ll be covered by insurance. Purchasing supplementary insurance without undergoing a medical checkup is possible on certain occasions.
  • Long-term-care rider. The death benefit might be used to pay for medical expenditures if you are identified as chronically sick.
  • The premium rider is coming back. If you live over the policy’s expiration date, it will reimburse you for any premiums you paid.
  • The rider’s spouse. In the event of your spouse’s death, this policy will provide a death benefit.
  • Rider for long-term care insurance. For a set period of time, extend the coverage provided by your permanent policy.
  • Rider waiving the right to a higher price. If you become disabled or need to move into an assisted-living home, you may not have to pay your premium.

Policygenius life insurance reviews and complaints

It has an A+ rating from the Better Business Bureau for its business practices and customer service. For an insurance-related business, customers give the broker a reasonably high rating of 4.68 stars out of 5. Only seven complaints have been filed with the Better Business Bureau in the previous three years, indicating good customer satisfaction.

The customer service at Policygenius has received high praise from TrustPilot customers, who have rated it 4.7 out of 5 stars based on approximately 2,000 reviews.

Visit our review of Pacific Life Insurance Review for one more life insurance review.

Default image
Levi Jorgensen
Levi Jorgensen is a life-long explorer. When he's not writing about life insurance, he works as an appraiser of antiques. He's based in Columbus, Ohio with his wife and 2 children.
Articles: 89