Policygenius is America's leading online insurance marketplace with headquarters in New York City and Durham, North Carolina. Our mission is to help people get insurance right by making it easy for them to understand their options, compare quotes, and buy a policy, all in one place. Since 2014 we've helped over 30 million people shop for insurance and placed over $75 billion in coverage.
Policygenius is an insurance marketplace, not an insurance company. There's no shortage of companies out there offering fast or easy coverage, but we think a marketplace is the best way to compare them all - and Policygenius combines that marketplace experience with online tools, an expansive educational library, and guidance from real, licensed humans to help you get covered with confidence.
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. Our compensation on any particular purchase may vary depending on a number of factors, including the type and size of product, the insurer, and the volume of business we have with an insurer, but we don't push for or give preference to any one insurer over another because of the commission. We're here to fight for you, not for ourselves. (Want to know what commission we'd earn on a specific insurance policy you see in our marketplace? Just ask!)
All insurance brokers are required by law to be licensed in each state they do business. You can find our licenses here.
1. How does Policygenius make money?
We get paid a commission by the life insurance company when we help you find a life insurance policy, submit an application, and get approved. Commissions are already priced into the cost of life insurance - so you're not paying extra to work with us (or any agent or broker). Our commissions are similar across the life insurers we work with, so we never play favorites.
2. How is Policygenius different from other life insurance sites?
We’ve set a high bar to make Policygenius the only insurance site you’ll need. That means we:
All this service at no extra cost to you.
3. Shouldn't I try more than one comparison site?
You can, but we've worked hard to offer the easiest life insurance shopping experience you'll find online. We offer the widest selection of A-rated life insurance companies so that you can find the right policy for you.
Also, any policy you see on our site won't be any cheaper at another comparison site. That's because each life insurance company files its rates with state regulators, and everyone is required to show those filed rates. And if you see the same policy for a cheaper rate on another site - make sure you're comparing apples to apples. Is it for the same amount and term? Did the other site ask detailed health questions to make sure they can accurately quote you? We do that but not every site does.
We stand by our promise - so we make it easy to save your quotes with us (and email them to yourself) to keep shopping. And when you're ready to buy, we hope you'll come back to us.
4. Are the life insurance quotes on the Policygenius site accurate?
We like to say we're in the business of no surprises. Our life insurance quotes are the most accurate available online today. Other sites take your basic information and show you the best health class and price. That's not the right way to quote. We collect more health information upfront to show the most accurate quotes possible (as long as you give us accurate information).
If the price on our site is higher than you're seeing elsewhere, for the same policy, that site may not be showing you an accurate quote. Over 80% of policies we sell are within $10 of what we quoted online.
If our site can't instantly quote you (which happens when someone has a more complicated health history), one of our licensed advisors can custom quote you.
5. Shouldn't I buy directly from a life insurance company?
There's no reason to (and a very big reason not to). First: you don't save any money by buying directly from the life insurance company. By law, the price you get from a given life insurance company is the same through them, or through an agent or broker.
Second: the rate you get quoted may not be the rate you're approved at. Life insurance companies do a process called 'underwriting' in which they look at your health history and risk profile to determine whether the rate they quoted is actually accurate. If you apply with the life insurance company directly, and you're approved at a different rate, you're stuck. They won't help you figure out if you can get a better offer elsewhere. If you apply through Policygenius, we'll shop that offer around to every life insurance company we work with to see if they can beat it. No extra work for you and no extra cost. Who can I speak to if I have questions?
A licensed Policygenius expert is available to help with your questions. Email us at firstname.lastname@example.org.