Policygenius (2024)

FAQs

Is Policygenius reputable? ›

Over 30 million people have shopped for insurance with Policygenius. And the company has helped consumers purchase over $90 billion in coverage so far. Policygenius has an average 4.8 out of a 5-star rating scale through Trustpilot based on over 2,000 reviews.

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.

Policygenius transforms the insurance journey for consumers by providing a one-stop platform where consumers can compare options from top insurance carriers, get unbiased expert advice, buy policies, and manage their insurance portfolio, in one seamless, integrated experience.

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.

Suze Orman recommends that generally most people should get a 20 year term life insurance policy at 20 times your annual income. What does that mean? That means if you're 30 years old and you make $50,000 a year you should get a million dollar 20 year term life insurance policy.

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.

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.

Yes. Policygenius is an independent insurance broker, meaning it's not partial toward any insurance company and can sell policies from multiple insurers without bias. Policygenius is licensed in all 50 states and the District of Columbia.

Policygenius was founded in 2014 and has headquarters in New York, New York and Durham, North Carolina, United States.

Companies buy life insurance policies as an investment. They estimate how long you will live and then give you a payment that's less than your policy death benefit. The company looks to make a profit by collecting the death benefit after you pass away.

Can I cash out my life policy? ›

You can cash out a life insurance policy. How much money you get for it will depend on the amount of cash value held in it. If you have, say $10,000 of accumulated cash value, you would be entitled to withdraw up to all of that amount (less any surrender fees). At that point, however, your policy would be terminated.

Life settlement companies, such as Coventry or Abacus Life Settlements, buy life insurance policies from policyholders on behalf of investors and financial institutions. When you sell your policy, the life settlement company pays you a portion of your policy's value.