Term Life Insurance Articles
How Online Purchasing Can Help Get Term Life Insurance Set Up More Quickly
2010-12-17
Online purchasing makes it easy to get a term life policy fast; shopping for term life insurance in-person or by telephone takes weeks or even months. Purchasing term life insurance online is done in just a few hours or days.
Comparison Shopping Takes Hours
A decade ago, shoppers called or wrote to insurance companies for insurance quotes. They played telephone tag to speak to a representative. Quotes were sent days later by snail mail or fax. It took several weeks to receive and compare quotes. If the results were unsatisfactory, the process started again.
Purchasing term life insurance also took longer. A term life policy was drawn up by the insurance provider. A medical examination might be required. The consumer scheduled a medical exam, traveled to the appointment then waited for the results. Finally, the customer made another appointment to visit the insurance office to review and sign the contract. This process could take several more weeks.
Online term life insurance comparisons are done at the shopper's convenience rather than during business hours. Shoppers request quotes online and get them in minutes rather than days. In a few hours, the consumer has multiple quotes to compare.
Applying for a Term Life Policy Online
Consumers can also apply for a term life policy online. The online application takes just a few minutes to complete. Typical questions include the consumer's name, address, social security number, birth date and medical background.
Online calculators estimate the cost of a term life policy based on personal circumstances and coverage. Without speaking to anyone, shoppers already have a realistic estimate of what a term life policy costs.
Online calculators are also used to compare costs based on the term of the life insurance policy. The premium might be guaranteed for 10, 15, 20 or 30 years or have an annual renewable term. Online calculators simplify the process of choosing a term based on cost.
In certain instances, a medical examination might be required. The exam is usually scheduled at the consumer's home and takes just 15 to 20 minutes. In rare situations, an additional exam or testing might be scheduled. Once the results are reported to the insurance company, the consumer is ready to purchase a policy.
Online Purchasing is quick and convenient
Online purchasing is quick and convenient. Once the terms are set, payment is made. The initial payment and monthly premiums are paid at a secure website immediately. Payments can be automatically deducted from a checking account or consumers can make monthly payments online with a major credit card. In less than a week, consumers can compare quotes and buy a term life policy online.
Free Insurance Quotes
Online purchasing makes it easy to get a term life policy fast; shopping for term life insurance in-person or by telephone takes weeks or even months. Purchasing term life insurance online is done in just a few hours or days.
Comparison Shopping Takes Hours
A decade ago, shoppers called or wrote to insurance companies for insurance quotes. They played telephone tag to speak to a representative. Quotes were sent days later by snail mail or fax. It took several weeks to receive and compare quotes. If the results were unsatisfactory, the process started again.
Purchasing term life insurance also took longer. A term life policy was drawn up by the insurance provider. A medical examination might be required. The consumer scheduled a medical exam, traveled to the appointment then waited for the results. Finally, the customer made another appointment to visit the insurance office to review and sign the contract. This process could take several more weeks.
Online term life insurance comparisons are done at the shopper's convenience rather than during business hours. Shoppers request quotes online and get them in minutes rather than days. In a few hours, the consumer has multiple quotes to compare.
Applying for a Term Life Policy Online
Consumers can also apply for a term life policy online. The online application takes just a few minutes to complete. Typical questions include the consumer's name, address, social security number, birth date and medical background.
Online calculators estimate the cost of a term life policy based on personal circumstances and coverage. Without speaking to anyone, shoppers already have a realistic estimate of what a term life policy costs.
Online calculators are also used to compare costs based on the term of the life insurance policy. The premium might be guaranteed for 10, 15, 20 or 30 years or have an annual renewable term. Online calculators simplify the process of choosing a term based on cost.
In certain instances, a medical examination might be required. The exam is usually scheduled at the consumer's home and takes just 15 to 20 minutes. In rare situations, an additional exam or testing might be scheduled. Once the results are reported to the insurance company, the consumer is ready to purchase a policy.
Online Purchasing is quick and convenient
Online purchasing is quick and convenient. Once the terms are set, payment is made. The initial payment and monthly premiums are paid at a secure website immediately. Payments can be automatically deducted from a checking account or consumers can make monthly payments online with a major credit card. In less than a week, consumers can compare quotes and buy a term life policy online.
