Policygenius Whole Life Review

By January 14, 2020 January 21st, 2020 Whole Life Insurance

Policygenius Whole Life Review

Q. Why is Topwholelife.com writing a review of Policygenius?  

A. Top Whole Life wants to help visitors make the best decision when searching for life insurance coverage. To do this, we must not only provide information about whole life companies. We must also review other sites and companies that also offer policies so you can make the most informed decision. We feel that a highly educated customer is the best buyer and client.

Policygenius has become one of the top online resources for Insurance coverage. Policygenius provides visitors quotes for several different types of insurance.

Policygeniu’s primary offering is Life Insurance Policies.

Also, they do offer Disability and Homeowners Policies that will help you round out a full financial plan.

In addition to the above insurance, they also provide information and quotes for:

  • Renters Insurance
  • Pet Insurance
  • Health Insurance
  • Vision Insurance
  • Long Term Care Insurance
  • Identity theft Insurance
  • Jewelry Insurance

As you search for the right insurance policy we would be surprised if you have not come across Policygenius. In this Policygenius Whole Life Review, we will see if Policygenius is the best place to buy your insurance coverage.

About PolicyGenius

Based in New York, New York.

Policygenius is a licensed independent insurance broker.

Mission: “To get people the insurance coverage they need and make them feel good about it.”

In this review, we will cover the following topics:

    1. The Good
    2. The Bad
    3. Financials
    4. Ratings
    5. Products
    6. Riders
    7. Dividend Rate

If you are researching life insurance, you have undoubtedly visited several websites for information. The question is, should you be considering Policygenius if you want whole life insurance at some point?

Check out: PolicyGenius + Top Whole Life Trusted Partnership

Let’s get started.

The Good

Fast + Simple Quotes

Policygenius will offer you a seamless experience when you are shopping for insurance. The company promotes that you can get a quote in just 2 mins. I tried to get a few different quotes from the website and was surprised to have accurate quotes in this 2 mins range.

Pro Tip: For this review, I am focused on Policygenius’s life insurance quoter; however, I did decide to reprice my homeowner’s insurance coverage to compare the process. Getting homeowner insurance quotes were even easier than life insurance. 

If you are considering life insurance or repricing old insurance policies, it can also be a great time to review all your insurance policies to ensure you are not overpaying. This can be a great way to save money and be able to apply it elsewhere. 

Policygenius’s website and its process are very intuitive. The questions that Policygenius are asking are there to help them provide you an accurate quote, not a ballpark estimate like many other sites. If you are planning to get a quote from Policygenius, be prepared to offer more than just a name and an email. They will want to know some health history, where you are from, why you are looking for insurance, how much coverage you are looking for, what kind of insurance, etc.

If this is the first time you are buying life insurance, don’t be alarmed by all the questions they are there to help give you an accurate quote in case you would like to buy on the spot. Although I was not looking to buy on the spot, I never found myself saying I didn’t want to continue in the process of getting my quotes.

Transparency

From Policygenius’s marketing to their company’s follow up and sales process, they seem to be doing what they say. They provide simple, accurate quotes in 2 mins and are trying to give you the best and most comfortable experience when buying life insurance. From my personal experience, I feel as though this is true.

After running a quote, I received a handful of phone calls, a few texts, and some emails. The best part was I did not feel bombarded by the company, and the same insurance associate was reaching out to me. Since the same rep kept calling, this indicated that the personal information I provided stayed private to the company. It seems they are not selling information to other insurance agents.

During the days after running my quote, I had from what it seamed one point of contact. It was a sales associate from Policygenius. I was contacted for about a week or so and then elected that I was not ready to buy yet. Right after this, contact stoped. Overall this was a great experience in comparison to other sites where if you give your information, you are bombarded by high-pressure sales calls.

Multiple Insurance Types 

  • Term Life Insurance
  • Whole Life Insurance
  • Disability Insurance
  • Home Insurance
  • Auto Insurance
  • Renters Insurance
  • Pet Insurance
  • Health Insurance
  • Vision Insurance
  • Long Term Care Insurance
  • Identity theft Insurance
  • Jewelry Insurance

The above is a massive list of insurance offerings by Policygenius. Even though you can get all of these different policies on their site, we are reviewing their three primary insurance coverages:

  • Life Insurance (Term & Whole Life)
  • Disability Insurance
  • Home & Auto Insurance

Just about any insurance broker or insurance advisor locally can help you with these items; however, Policygenisu has become one of the big players in offering these policies and services entirely online through a digital platform. In today’s age, this is what is expected from companies, and Policygenius is delivering.

Pro Tip: If you do not have life insurance yet and are shopping around to get the best policy. Do not continue shopping without locking in life insurance coverage. Shiping with no life insurance in place could be a huge risk and can be avoided by purchasing a policy now and continuing to shop.

Buy a cheap policy first and then shop.

You can cancel the policy at any time and replace it with the one you ultimately want.

The Bad

More Question

Policygenius is going to ask you more questions than some of the other websites. Be prepared to give them the following information to receive a quote:

  • Gender
  • Date of Birth (DOB)
  • Zip Code
  • Are you currently a US citizen or permanent resident
  • Do you have a spouse or significant other
  • Height
  • Weight
  • Have you used any tobacco products in the past five years
  • Ever been treated or taken medication for:
    • Alcohol abuse
    • Anxiety
    • Asthma
    • Cancer
    • Depression
    • Diabetes
    • Drug abuse
    • Heart attack
    • High blood pressure
    • High cholesterol
    • Sleep apnea
    • Stroke
    • Other serious conditions
  • Any parents or siblings who have contracted cardiovascular disease (heart attack or stroke), cancer, diabetes, or kidney disease before age 70
  • Have you had your license suspended or revoked, or had more than one ticket or accident in the past five years
  • When do you need coverage
    • ASAP
    • 4-6 weeks
    • In the future
    • Not sure
  • Name
  • Email
  • Phone Number

Do not be alarmed by all of these questions as they can all very quickly be answered in 2 mins if you would like a quote. Policygenius intakes all this information just as any insurance agent would make sure they give you an exact quote. They do not want to waste your time. Although it is a pain to share all of this personal information if you wish to buy life insurance coverage, ultimately you are going to be providing this anyway.

Assumptions 

Policygenius provides much information for those who are searching for insurance coverage. They even offer a great resource to help figure out how much life insurance you may want. Check it out below. Ultimately the company is trying to help you make a decision and run a quote with the assumption that you are going to buy a policy.

We felt that this is important to note in our review. If you run a quote on Policygenius, their team of inhouse insurance representatives will follow up with you. You will receive calls, texts, and emails, but this is not to be annoying. The agents are working under the assumption that you want to buy after putting in all your personal information in their system and requestions a quote.

PolicyGenius Insurance Companies

Policygenius is a broker, and they will shop out coverage with several companies. Below are the companies that Policygenius notes as top-rated and they represent.

Other Good Reads

SelectQuote Review 

Disability Insurance Basics 

Best Whole Life Insurance

Final Word

Policygenius is a great place to obtain information and quotes when you are looking for insurance. If you would like a seamless and straightforward way to buy online, then this company is one that you can trust to protect what matters.

Regardless of what policy you choose, make sure you have a plan that is in force when you die. Your family will not care what kind of policy it is.

Get a Quote Now 

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