Policygenius (2024)

FAQs

Is Policygenius reliable? ›

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.

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/.

Details about your health, lifestyle, and other factors give insurers the insight they need to make accurate decisions and provide you with the best rates possible. If the insurer can verify you're healthy, that's going to help you secure the best premiums (or life insurance quotes) on your policy.

Based on the value of your future earnings, a simple way to estimate this is to consider 30X your income between the ages of 18 and 40; 20X income for age 41-50; 15X income for age 51-60; and 10X income for age 61-65.

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.

LYING ABOUT DRUG USE OR TOBACCO & ALCOHOL USE

An applicant for life insurance must disclose lifestyle habits, good and bad, including use of alcohol or use of tobacco.

They can include engaging in risky hobbies and behaviors like skydiving; having a history of DUIs or speeding tickets; having a dangerous job like roofing; having a criminal record or a less than ideal financial history; being a smoker; and failing a drug test.

A life insurance application will be denied if the insurance carrier doesn't think insuring your life is a good risk. The insurer may not be able to offer you coverage if you have high-risk medical conditions or practice dangerous hobbies. You may also be ineligible for certain policies due to advanced age.

If you're 55 or older, you may find it difficult to find term life policies up to 30 years or longer. You may have better luck securing a shorter-term policy for older seniors. Whole life insurance policies may be easier to obtain than term life insurance, even when you're older.

At what age should you stop paying life insurance? ›

Life insurance is no longer needed for many people once they reach their 60s or 70s. At this point they retire, their kids have grown up, and they've paid off their mortgage and other debts. However, others prefer to keep life insurance later in life to leave an inheritance and to pay off final expenses.

Once you're in your 70s, there may be more limitations on the types of policies available to you. but you can still get life insurance over 70.

Policygenius is an online insurance marketplace, or broker, which was founded to help people get insurance. I'd describe it as a place where consumers can price shop. The company was founded in 2014 by Jennifer Fitzgerald and Francois de Lame.

Policygenius is an insurance marketplace, not an insurance company. (That means we sell policies, we don't underwrite them.)