NEW YORK, Sept. 15, 2020 /PRNewswire/ — Policygenius, the nation’s main on-line insurance coverage market, introduced at this time the providing of an revolutionary life insurance coverage product from Lincoln Monetary Group, Lincoln TermAccel®, which supplies shoppers with a brand new approach to entry life insurance coverage conveniently and shortly. Lincoln Monetary Group is a monetary providers chief recognized for serving to People take cost of their monetary lives. With this newest addition to its market, Policygenius is continuous its fast development trajectory in 2020 and increasing its accelerated underwriting life insurance coverage choices, which allow eligible clients to safe life insurance coverage and not using a medical examination.
“We have all the time been targeted on serving to folks get monetary safety proper, and making the insurance coverage buying course of as straightforward and handy as doable,” Jennifer Fitzgerald, CEO and co-founder of Policygenius, stated. “We’re thrilled to launch this new life insurance coverage providing from Lincoln Monetary Group that includes a streamlined course of, making it even less complicated for American households to get the monetary safety they want.”
Lincoln TermAccel® gives life insurance coverage safety for 10-, 15-, 20- or 30-year phrases with protection quantities from $100,000 to $1 million, so shoppers have the pliability of a number of choices. With a streamlined, digital-first utility course of, eligible clients can safe protection inside only a few weeks and not using a medical examination.
Since its founding in 2014, Policygenius has grown quickly to develop into the second-largest time period life insurance coverage dealer within the U.S., and has helped greater than 30 million folks store for insurance coverage. Earlier this yr, Policygenius introduced the launch of Brighthouse SimplySelect, a brand new Brighthouse Monetary time period life insurance coverage product at the moment accessible solely on-line by Policygenius. With at this time’s launch of Lincoln TermAccel®, Policygenius is increasing entry to accelerated underwriting life insurance coverage at a time when taking an in-person medical examination is of concern to many, given social distancing tips.
No-exam life insurance coverage choices characteristic a quick and easy buy course of that does not require invasive testing. With the accelerated underwriting choices accessible by Policygenius, eligible clients can safe protection shortly, safely and at aggressive costs — all and not using a medical examination.
“Particularly with the uncertainty introduced on by latest world occasions, we all know how necessary it’s for households to really feel financially safe and brought care of,” Fitzgerald stated. “At present’s launch is one other milestone on our journey. As we glance forward, we’re excited to proceed our mission of serving to folks get monetary safety proper.”
Policygenius has seen fast development in 2020, beginning the yr by saying a $100 million Collection D spherical in January. Along with increasing its foothold in accelerated life insurance coverage merchandise, Policygenius not too long ago introduced its first cell app and growth into digital property planning.
Policygenius is the nation’s main on-line insurance coverage market, with headquarters in New York Metropolis and Durham, North Carolina. We have helped greater than 30 million folks store for all sorts of insurance coverage like they store for every part else — on-line — and have positioned over $60 billion in protection. Policygenius launched in 2014 and is among the early insurtech pioneers. Policygenius launched wills and trusts by a brand new cell app in 2020. Policygenius was named to Forbes’ record of Greatest Startup Employers (2020), Crain’s Quick 50 (2019) and Inc. Journal’s Greatest Workplaces (2018, 2019, 2020).
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