LendingTree Launches Life Insurance Comparison Platform Powered by PolicyGenius Partnership Gives Customers Direct Access to Life Insurance and Loan Comparison Shopping Platforms on One Site NEW YORK, NY--(Marketwired - May 25, 2017) - LendingTree® , the nation's leading online loan marketplace, announced a new partnership today with PolicyGenius , a fast-growing consumer insurance startup, that will bring PolicyGenius' term life insurance comparison shopping platform to millions of LendingTree customers. Since the launch of its intuitive insurance shopping platform in 2014, PolicyGenius has helped hundreds of thousands of customers shop for over $100 billion in term life insurance coverage. The companies both plan to use the partnership to continue to bring choice, transparency and convenience to a traditionally convoluted and complex shopping process. "LendingTree strives to provide consumers with all the information needed to make smart financial decisions, and life insurance should be no different," said Nikul Patel, Chief Product and Strategy Officer. "By partnering with PolicyGenius, consumers who come to LendingTree can shop and compare life insurance policies, obtain unbiased information and select the option that best fits their needs." PolicyGenius empowers customers with accurate quotes, side-by-side comparison of insurance policies from dozens of the country's top-rated insurance providers, and independent advice. The company's proprietary tech delivers the most accurate quotes available online by evaluating a shopper's health and lifestyle factors and matching to insurers' underwriting rules. "LendingTree and PolicyGenius both share a common goal: to bring customers the comparison shopping tools and educational resources needed to demystify complicated financial decisions," said Jennifer Fitzgerald, Co-Founder and CEO of PolicyGenius. "The need for life insurance is particularly relevant when consumers are researching loan options for a major life change, like the purchase of a new home or opening the doors of a new business, as no one wants to leave a loved one saddled with debt. We've developed the same level of transparency and tailored offerings for life insurance as LendingTree brings to the loan marketplace and we looking forward to serving their informed and value-oriented consumers." PolicyGenius , based in NYC, NY, was founded in 2014 by two former McKinsey consultants who saw a gap in the insurance industry and dedicated themselves to shifting the industry online and into the hands of the consumer.
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