Global Modules
Features Table 2
Features | Other Companies | PolicyMe |
|---|---|---|
Application Online process. Get approved and covered in 20 minutes, on average. | Typically; a call or meeting with an advisor and a paper application | Online process. Get approved and covered in 20 minutes, on average. |
Number of Conditions Covered 44 conditions covered | 20-30 conditions covered, on average | 44 conditions covered |
Coverage Amounts $10,000 to $1 million | $25,000 to $2.5 million, on average | $10,000 to $1 million |
Term Lengths 10, 15, 20, 25 or 30 years | Usually 10 or 20 years, or until age 70 or 75 | 10, 15, 20, 25 or 30 years |
Fully Covered Early-Stage Conditions 27 severe conditions | 24-26 severe conditions, on average | 27 severe conditions |
Partially Covered Early-Stage Conditions 17 early-stage conditions | 0-8 early-stage conditions, on average | 17 early-stage conditions |
Payout Details Lump-sum tax-free payout | Lump-sum tax-free payout | Lump-sum tax-free payout |
Locked-in Rate? Yes | Yes | Yes |
Convertible? Yes | Yes | Yes |
Can I apply with my partner? Yes, one online application for both partners | No, others require separate applications | Yes, one online application for both partners |
Features | Other Companies | PolicyMe |
|---|---|---|
Application Typically; a call or meeting with an advisor and a paper application | Typically; a call or meeting with an advisor and a paper application | Online process. Get approved and covered in 20 minutes, on average. |
Number of Conditions Covered 20-30 conditions covered, on average | 20-30 conditions covered on average | 44 conditions Covered |
Coverage Amount $25,000 to $2.5 million, on average | $25,000 to $2.5M, on average | $10,000 to $1M |
Term Lengths Usually 10 or 20 years, or until age 70 or 75 | Usually 10 or 20 years, or until age 70 or 75 | 10, 15, 20, 25 or 30 years |
Fully Covered Early-Stage Conditions 24-26 severe conditions, on average | 24-26 severe conditions, on average | 27 severe conditions |
Partially covered Early-Stage Conditions 0-8 early-stage conditions, on average | 0-8 early-stage conditions, on average | 17 early-stage conditions |
Payout Details Lump-sum tax-free payout | Lump-sum tax-free payout | Lump-sum tax-free payout |
Locked-in Rate? Yes | Yes | Yes |
Convertible? Yes | Yes | Yes |
Can I apply with my partner? No, others require separate applications | No, others require separate application | Yes, one online application for both partners |