Fintech InsurTech News

Policygenius & Brighthouse Financial Launch a Faster, Simpler Way to Access Term Life Insurance

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Brighthouse SimplySelect (SM) features a convenient application process and streamlined underwriting that may result in coverage within 24 hours

Brighthouse Financial, and Policygenius, the nation’s leading online insurance marketplace, announced the launch of Brighthouse SimplySelect, a new term life insurance product available online through Policygenius. Brighthouse SimplySelect features a fast and simple purchase process that doesn’t require invasive testing, allowing an underwriting decision within 24 hours for most applicants. This collaboration between Policygenius and Brighthouse Financial provides a way for consumers to easily secure the life insurance coverage they need from two companies dedicated to helping improve the life insurance-buying experience.

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“Brighthouse SimplySelect offers busy people a quick and convenient way to provide the financial security for their families that term life insurance gives,” Conor Murphy, chief operating officer, Brighthouse Financial, said. “We are delighted to be working with Policygenius, an industry leader in providing a seamless and easy insurance-purchasing experience.”

Brighthouse SimplySelect offers life insurance protection with guaranteed coverage for 10, 20, or 30 years, giving consumers a choice in planning how to provide for loved ones should the unexpected happen. The product also provides guaranteed level premiums, which can help make financial planning more predictable.

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To apply, consumers visit the Policygenius website to answer a few questions and then work with a licensed Policygenius agent to complete the application by telephone. There are no required medical exams, and consumers aren’t asked to undergo lab work, significantly speeding up the underwriting process and enabling consumers to get a decision faster than is typically possible with a traditional underwriting process.

“We know it’s important for families to get the financial protection they need,” Jennifer Fitzgerald, CEO and co-founder of Policygenius, said. “We are excited for this relationship with Brighthouse Financial to launch Brighthouse SimplySelect to help even more families get life insurance right.”

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