Life insurance can be complex and frustrating. Policygenius is making that better. Policygenius has created a one-stop-shop and marketplace for insurances, particularly life insurance. In this pursuit, Policygenius compiles personalized quotes from a dozen reputable providers at once and digitizes the application and binding process as much as possible.
Policygenius has earned a Savology recommendation and a 4.5-star rating for their efficiency, pricing, and trustworthiness.
Efficiency and Ease: 4.2 ★ / 5 ★ by Savology
One of the biggest roadblocks to obtaining life insurance is the inefficiency of the traditional paper quoting and application processes. Policygenius has all but eliminated that obstacle by allowing customers to get quotes quickly online and easily apply for coverage in all 50 states and Washington DC.
Pricing: 5 ★ / 5 ★ by Savology
When life insurance companies compete for your business, you come out on top. The Policygenius platform lets you see the best rates from a dozen of the most reputable life insurance providers at once.
By rule, you can’t get cheaper rates from the insurance company going through Policygenius than you can by going directly to any of them. You can, however, search a dozen providers at once to see which has the most competitive rates and then bind the one that fits your budget.
Trustworthiness: 4.8 ★ / 5 ★ by Savology
Policygenius is a life insurance marketplace and an independent insurance broker, not the issuer of the policies.
Instead, Policygenius choose to work only with insurance companies that have at least an A- financial rating. This means that you can be confident in the reputation and stability of the insurance company that they recommend.
Policygenius has placed more than $25 Billion in coverage. They have an excellent rating on Trust Pilot with a 4.9/5 TrustScore and more than a thousand excellent reviews.
Policygenius also offers a variety of other insurances such as: whole life, pet, renters, disability, vision, auto, identity theft, and more!
It is very convenient to secure and manage multiple policy types within the same platform. And, unlike some of the other digital providers, you can still talk to a live, licensed expert if you so choose.
Policygenius also provides numerous, valuable tools and resources, including Policygenius magazine and several insurance calculators.
Policygenius only has a few limitations in its model.
First, Policygenius is only able to work with life insurance providers that distribute through independent brokers. This means that you can’t get quotes from some of the top life insurance companies like Northwestern Mutual to include in your comparison.
Second, nearly all of the insurance companies that they represent still require medical exams, so you will still have to go through that exam process prior to receiving coverage.
Conclusion: 4.6 ★ / 5 ★ by Savology Rating by Savology
Overall, Policygenius is an incredible company with an invaluable and innovative platform for simplifying a complex industry.
There may be a few niche competitors that can outperform in user experience or flexibility but not in quickly and conveniently finding the best life insurance policies for you. For these reasons, Savology highly recommends Policygenius as a broker for term life insurance policies.
This review is provided by and expresses the opinions of Savology to help users make informed financial decisions. Many of the featured products on this site connect to our affiliate partners. Partners may provide compensation to Savology for referrals, which in turn allows Savology to provide the free financial planning platform. Compensation does not influence the product evaluations or recommendations.
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