Policygenius life insurance review 2023

Our verdict

Our verdict

An online life insurance broker, Policygenius allows you to compare policies and rates from multiple life insurance companies at once. It also offers access to licensed agents for advice.

But it only partners with a handful of big-name insurers, so it may be worth exploring other options to get the best deal — especially if you're a high-risk applicant.

Best for: Low-risk applicants looking to save time with a marketplace.

Pros

• Compare multiple insurers at once
• Speak with licensed agents
• Strong customer reviews

Cons

• Partnerships limited to major brands
• May require a medical exam
• Whole and term life policies only

4.5

★★★★★

Finder rating

Go to site

Issue Age

18 to 85

Coverage

$50,000 to $10,000,000

Medical Exam Required

Depends on provider and policy

Hide

Policygenius - Life Insurance

Learn more and get quotes on Policygenius's secure site

Go to site

Policygenius life insurance rates

We pulled 2023 sample rates using the Policygenius online quote tool. Policygenius is an insurance broker, so it doesn’t actually sell policies.

However, it does offer average quotes based on the insurance companies it partners with. These are estimated monthly premiums for a $500,000, 20-year term life policy for a man and woman in great health. Your rate may vary based on your policy, age and health.

Rates are provided by Policygenius and valid as of March 2023.

What life insurance companies does Policygenius work with?

Policygenius partners with most major life insurance companies in the US, including:

How to get a quote from Policygenius

Use the Policygenius widget and follow four steps:

1. Enter your personal information, including your age, gender and ZIP code.
2. Choose your desired policy length and coverage amount.
3. Review monthly estimates based on different health categories.
4. Select Compare quotes to be redirected to the Policygenius website.

Once you land on the Policygenius website, follow the steps to provide additional details and forms for a more precise estimate.

What types of coverage does Policygenius offer?

Policygenius is a life insurance marketplace and doesn’t sell policies directly. Instead, it matches you to two primary types of life insurance from top providers.

1. Term life. Most policies cover you for 10, 20 or 30 years. Once coverage ends, your premiums can increase depending on the provider. Outliving the policy means you won’t see a payout.
2. Whole life. Premiums are typically higher than a term policy, but coverage is permanent if you stay on top of your payments. Policies can also gain cash value.

While Policygenius only matches you with term life and whole life insurance, its partners sometimes offer other types of coverage, which may include:

1. Return-of-premium term life. If you outlive your policy, the insurer pays back the premiums you’ve paid over the years.
2. Universal life. A type of whole life that gives you the option to change your premium throughout the life of your policy. Lowering premiums and borrowing from the cash value can decrease the value of the payout.
3. Variable life. This type of permanent policy allows you to invest your payments in subaccounts, allowing you to earn dividends.
4. Variable universal life. A combination that allows you to change your premiums from universal to the subaccounts of variable life.
5. Accelerated life. You can purchase this type of policy in just a few weeks without a medical exam.

Available riders

You can add riders to your policy for a fee, depending on the insurer you’re matched with. Common riders include:

• Accelerated death benefit rider. Allows you access to some or all of your benefit in the event you’re diagnosed with a terminal illness.
• Accidental death benefit rider. Pays an additional amount if your death is caused by an accident.
• Child rider. Generally small amounts of coverage for your children — adopted, step or biological — that you can with this rider.
• Guaranteed insurability rider. Allows you to purchase additional insurance at specified dates without a medical exam.
• Return-of-premium rider. Reimburses you for premiums paid if you outlive your policy term.
• Waiver-of-premium rider. Relieves you of your premium payment if you become disabled or have to move to an assisted-living facility.

Factors that affect your life insurance rate

Each insurer has its own underwriting standards and criteria, but these are some of the most common factors considered by life insurance companies when calculating rates.

• Age. As you get older, your risk of developing major health conditions rises — and so does your policy’s premium.
• Gender. The average life expectancy is 73.2 for men and 79.1 for women, according to the CDC. Because of this disparity, men tend to pay more for life insurance.
• Overall health. Weight, cholesterol and serious medical conditions can also affect your premiums. However, your risk may be negated if you manage your conditions with medication, therapy or other treatment.
• Occupation and high-risk hobbies. People who work or play in conditions with life-threatening hazards, like skydiving or roofing, usually pay more to offset the risk.
• Tobacco or alcohol use. Frequency and when you last used often affects how heavily these are weighted. Even occasional tobacco use can mean higher premiums.

Policygenius life insurance reviews and complaints

Policygenius boasts mostly strong customer reviews. As of March 2023, more than 90% of users on Trustpilot rate the site as 5 stars, while less than 2% rate it as 1 star.

Customers compliment the easy-to-use interface and the service team’s expansive knowledge of life insurance. The few complaints primarily claim excessive emails and calls after declining a policy.

Policygenius is accredited by the Better Business Bureau (BBB). Fifteen customers have lodged complaints against it in the last three years, which is low for a business of its size.

Compare life insurance companies

Narrow down top life insurance policies by issue age, minimum coverage and more to find the best for your budget and financial goals. Select Compare for up to four products to see their benefits side by side

Sort by:

Name	Product	Issue age	Minimum Coverage	Maximum Coverage	Term Lengths	Medical Exam Required
Ladder		20 - 60 years old	$100,000	$8,000,000	10, 15, 20, 25 or 30 years	No, for coverage up to $3M	Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.	Go to site More Info	Compare	loading Fetching your data...
Bestow		18 - 60 years old	$50,000	$1,500,000	10, 15, 20, 25, 30 years	No	Apply for term life insurance in minutes and get an instant decision all online. Plus, you’ll get to skip the medical exam.	Go to site	Compare	loading Fetching your data...
Policygenius - Life Insurance		18 - 85 years old	$50,000	$10,000,000	10, 15, 20, 25, 30 years	Depends on provider and policy	Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.	Go to site More Info	Compare	loading Fetching your data...
Haven Life		20 - 64 years old	$250,000	$3,000,000	10, 15, 20, 25 or 30 years available to those aged 20 - 49 years old. 10, 15, or 20 years available to those aged 50 - 64 years old.	No exams for some applicants	Fill out a quick online application and get approval in minutes with up to $3 million in coverage.	Go to site More Info	Compare	loading Fetching your data...
Nationwide life insurance		18 - 80 years old	$25,000	$10,000,000	10, 15, 20 and 30 years	Yes	Get term, whole, universal or no-exam life insurance with up to $1 million in coverage.	Go to site More Info	Compare	loading Fetching your data...
Everyday Life		18 - 70	$100,000	$10,000,000	10, 15, 20, 25, 30, 35 and 40 years.	No	Ladder multiple life insurance policies to save on the coverage you need for all your debts.	Go to site More Info	Compare	loading Fetching your data...
JRC Life Insurance		18 - 85 years old	$5,000	$50,000,000	10, 15, 20, 25, 30, 35, 40 years to lifetime/age 121	May be required	Compare policies up to $10 million from 45+ top insurance companies with the click of a button.	Go to site	Compare	loading Fetching your data...

loading

Load More

CompareClear

Frequently asked questions

How accurate are the quotes on Policygenius?
Policygenius says that more than 80% of the policies sold are within $10 of the online quote.

How does Policygenius protect my data?
Policygenius collects and uses personally identifiable information (PII) to optimize its services to you, offer tailored products and service, and help underwrite and provide accurate insurance quotes and policies.

This information is stored using encryption mechanisms, including HTTPS and SSL protocols, and TLS encryption standard or better.

What other types of insurance does Policygenius sell?
A selection of other insurance types is available for comparison on Policygenius, including: