DURHAM — Even during a pandemic, Policygenius is forging some big partnerships.
On Tuesday, the insurtech startup based out of New York with second headquarters in Durham announced that it has an “exclusive collaboration” with Fortune 500 life insurance provider Brighthouse Financial to bring a new life insurance product to market.
It’s called Brighthouse SimplySelect, and the companies say it enables customers to apply for up to $2 million term life coverage in minutes with no medical exam.
“Interest in getting life insurance has surged broadly due to the COVID-19 outbreak, but with social distancing guidelines in place, many consumers are concerned about taking the medical exam involved in applying,” Policygenius Brooke Niemeyer told WRAL TechWire. “Product development began before the pandemic, but the launch is especially timely given the need for virtual insurance operations.”