Policy Genius Review: The Pros and Cons

Shawn Plummer

CEO, The Annuity Expert

Shopping for life insurance on Policy Genius and looking for the best life insurance policies at the cheapest rates. Well, you’ve come to the right place if your buying a policy because we’ve researched for you. So, after you read this review, help yourself run the free quotes below and apply for coverage without the hassle.

How Policy Genius works.

First, you need to be aware that most Policy Genius reviews are blog affiliates, which means they’re making money from Policygenius. Therefore, it’s not a truly unbiased review.

Policygenius.com advertises on TV, Radio, or Blog Affiliates. You enter your personal information in, and one of Policy Genius’s call center representatives reaches out to you to buy life insurance.

Here’s the problem.

Policygenius only represents 10 life insurance companies, not necessarily the best 10 life insurance companies, because not every person shares the same needs. So why is this a problem for you?  

Well, buying life insurance is like purchasing a home and car insurance. You shop for auto insurance with a quoting tool to find the cheapest premiums. Well, the same goes for life insurance.  

You should be saving your money.

Why is this a problem for you?  Well, buying life insurance is like purchasing car insurance. You shop car insurance with a quoting tool to find the cheapest premiums. Well, the same goes for life insurance.  

You should be saving your money.

Policy Genius doesn’t necessarily allow you to purchase the best policy at the lowest cost because they handpick their plans. We do not.

Find The Best Life Insurance Coverage At The Cheapest Cost!

Compare life insurance quotes from 25 companies in seconds. Then, apply for coverage in less than 10 minutes.

The Solution to Policy Genius.

Run a life insurance quote below with our quoting tool. Unlike Policy Genius, you can compare from 18 insurance companies. From those 18 companies, you can choose between supplemental and permanent insurance, including:

By offering these options, you can find the best policy customized to you at the cheapest cost and save money.

Term Life Insurance

Policy Genius primarily focuses on term life insurance. Term life insurance is a pure life insurance product meaning it’s designed to leave a death benefit. Therefore, term insurance is the cheapest life insurance policy that you can purchase for death-benefit coverage.

For example, a 20-year term life policy for $100,000 is a policy that guarantees your heirs will inherit $100,000 in a lump sum (tax-free) if you die within the next 20 years.

After the policy term, the plan will expire. You will either renew or shop for a new plan. Oh, and as long as you pay the term life premiums.  It’s built for true life insurance, which is a lump sum death benefit, tax-free.

Do I need life insurance?

If you have a family or loved ones with consistent debt to pay off each month, the answer is yes. You don’t want to leave your spouse or family hanging with unpaid debt. If you are alone with no family or kids, save your money.  There’s no need for the additional cost.

What happens if I don’t die?

The policy runs out, and there is no death benefit unless you purchase another policy. Think in terms of car insurance or travel insurance, but for death.

Is term insurance a good idea?

If you are trying to leave money behind when you pass away at an affordable rate, then yes, term insurance is a good idea.

How long should my insurance policy be?

Well, that depends on you, really. Terms range from 5 years to 40 years in length. A 20-year term is usually the norm.

How much does it cost to purchase a term policy?

The cost of coverage changes all the time.

This is to give you a rough idea. I recommend you compare our quotes below with Policygenius to make sure you’re getting the cheapest cost.

The Quoting Process

Shopping and comparing quotes from multiple companies (similar to Policy Genius) is the first step in purchasing a life policy. The process is very similar to shopping for auto insurance.

The best rates are the policies with the cheapest rates since term life insurance is only good for death benefit planning.

I would recommend purchasing life insurance with a company that maintains an A.M. Best rating of “A-” or above.

Unlike other online life insurance quote engines (SelectQuote and Policygenius), we do not hand-select the insurance companies. Instead, we use a 3rd party software that generates unbiased quotes to benefit you. We also include permanent life insurance and burial insurance.

Policy Genius Disadvantages

So Policy Genius requires you to register your information to capture your personal info in exchange for a quote. Then an insurance agent calls you to buy insurance from them. We are here to help if needed, but we don’t contact you unless you’d like help.

We have an in-house team of life insurance experts (non-brokers) to assist you along the way. In addition, our experts train insurance agents on various life insurance products, so you know you’ll get the best-unbiased advice every time.

You won’t be harassed by a random insurance agent calling you constantly to buy coverage.

What makes us different from Policy Genius?

We don’t hand-select the insurance companies that we want to sell to you. Instead, we use a third-party software company that generates the results for us. For example, we generate a life policy comparison from 18 insurance companies, most of which are “A” rated. So you get to control which policy you’d like to purchase without the hassle.

Compare Life Insurance Quotes With Policy Genius

Find The Best Life Insurance Coverage At The Cheapest Cost!

Compare life insurance quotes from 25 companies in seconds. Then, apply for coverage in less than 10 minutes.

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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