Policygenius, a tech-enabled platform for insurance shopping, has launched an insurance product in collaboration with Foresters Financial.
The product, Foresters Your Term, provides consumers with a new way to access life insurance affordably, quickly, and conveniently, enabling an underwriting decision in less than 24 hours for many applicants, Policygenius said.
Foresters Financial is an international financial services provider, offering life insurance, retirement, and savings solutions that help families achieve their long-term financial goals. Foresters Your Term offers life insurance protection for 10-, 15-, 20-, 25-, or 30-year terms with coverage amounts from $100,000 to $1m, giving consumers the flexibility to find the right coverage for their needs
To apply, consumers visit the Policygenius website to answer a few questions before completing their application by telephone with a licensed Policygenius agent. The company said this significantly accelerates the underwriting process and enables consumers to receive a decision faster than is typically possible with traditional underwriting.
Jennifer Fitzgerald, CEO and co-founder of Policygenius, said, “Our mission is to simplify access to financial protection, and we’ve achieved that through our proprietary technology and superb customer service. We’re proud to expand our product shelf with this life insurance offering from Foresters Financial so we can help more people get the insurance they need as conveniently as possible.”
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