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FAQs
Can you trust Policygenius? ›
On TrustPilot, Policygenius has outstanding reviews. Its TrustScore is 4.7 out of 5 based on over 4,739 reviews, putting it in the “excellent” category. Policygenius customer reviews typically praise the company's quick application process, communication and cost.
Does Policygenius sell my information? ›Policygenius does not engage in any sharing of personal information that you can limit. Questions? Call 1-855-695-2255 or email privacy@policygenius.com. Go to https://www.policygenius.com/about/privacy/.
What is the best company to get life insurance from? ›Best life insurance companies: Pros and cons
- MassMutual: Best overall.
- Guardian: Best for applicants with a history of HIV.
- Northwestern Mutual: Best for consumer experience.
- New York Life: Best for high coverage amounts.
- Pacific Life: Best range of permanent life insurance.
- State Farm: Best for customer satisfaction.
Policygenius is one of our favorite places to shop for insurance online because of their commitment to making the process easier and more transparent. Policygenius is not an insurance provider, rather a marketplace for shopping dozens of leading insurance companies to get the best coverage for your needs.
Why millionaires are buying life insurance? ›Wealthy people buy cash value life insurance so they can utilize it for its living benefits. Life insurance purchased by wealthy people and businesses is often used as a vehicle for providing liquidity, reducing financial liabilities, and reducing their tax profile.
Why billionaires buy life insurance? ›Life insurance for individuals with a high net worth can be used to protect a family's inheritance or a business. It can also complement an investment strategy. Financial experts typically consider $1 million or more in liquid assets as a high net worth.
Should I use Policygenius? ›Policygenius Overview Rating: 4.6 ★ / 5
It is easy to get quotes, compare rates, and apply for coverage. They also have great customer service. Policygenius brings you the best rates from reputable providers and even lets you choose which insurance provider to go with based on your values.
Since 2014, our content, digital tools, and experts have served as a resource for millions of people on their insurance journey, and we have sold more than $200 billion in coverage.
How does Policygenius get paid? ›How does Policygenius make money? We're an independent insurance broker, so we get paid a commission by insurance companies for each sale. Insurance commissions are already built into the price of an insurance policy, so you're not paying any extra for working with us to buy a policy.
Who is number 1 in life insurance? ›List of life insurance companies
| Rank | Company | J.D. Power rating (774 industry average) |
|---|---|---|
| 1 | New York Life Group | 794/1,000 |
| 2 | Northwestern Mutual Group | 790/1,000 |
| 3 | Metropolitan Group | 802/1,000 |
| 4 | Prudential of America Group | 779/1,000 |
Is it OK to have 2 life insurance policies? ›
While you can buy multiple life insurance policies, the total number you can have often depends on the coverage amount. Many life insurance companies will deny additional applications if they believe you're overinsured.
How much is a million dollar life insurance policy a month? ›Average cost of a million-dollar term life insurance policy
| Age | Term length | Average monthly rate |
|---|---|---|
| 40 | Term length10 years | Average monthly rate$47.41 |
| 40 | Term length15 years | Average monthly rate$61.33 |
| 40 | Term length30 years | Average monthly rate$137.89 |
| 50 | Term length10 years | Average monthly rate$112.67 |
Policygenius is worth it for people looking to compare offers from multiple home insurers at once. Users can also conveniently shop for other types of insurance — like auto insurance and life insurance — and save by bundling policies. Licensed agents are available 24/7 to answer questions and provide advice.
How many customers does Policygenius have? ›Since 2014, we've helped over 30 million people shop for insurance and placed over $150 billion in coverage.
Is policygenius an insurance broker? ›Policygenius' platform lets users buy homeowner's insurance, life insurance, car insurance, and other products. Policygenius acts as an independent insurance broker and, as such, is paid a commission by insurance companies upon each sale.
Why does Policygenius need my Social Security number? ›In order for life insurance companies to properly identify you, sharing your SSN and driver's license numbers is necessary. Insurers and brokers like Policygenius take information security very seriously and take rigid measures to protect your privacy and keep your information secure.
Is it smart to borrow against life insurance policy? ›Borrowing against life insurance can be a good option for those looking for a loan with low-interest rates, flexible repayment terms and no credit check. However, it also comes with downsides like a reduced death benefit, risk of policy lapse and significant interest accumulation.
Is Policygenius a good company to work for? ›Policygenius Reviews FAQs
Is Policygenius a good company to work for? Policygenius has an overall rating of 3.4 out of 5, based on over 217 reviews left anonymously by employees. 57% of employees would recommend working at Policygenius to a friend and 34% have a positive outlook for the business.