Let us take a look at some of the life insurance plans available online for your scrutiny. For a long time now term life insurance plans have been offered. This allows you to put a policy in force more quickly than previously. It used to be that an applicant had to make an appointment with an agent who would go to your home or office to explain the details of the policy you wanted to buy.
In today’s world, and in future times, you buy your policy quickly online. The time it takes to get your policy in your hand is literally cut in half.
Everybody seems to want to buy term life insurance today. It could be because term life insurance policies cost less or it could be that they are easier to come by. Quite a few companies have recently introduced universal life insurance plans as well as whole life which you can buy online.
The verdict as to what type of policy people really want may soon change, we will see. You can get the rates and values by speaking to a licensed agent for the time being. I look forward to the day when all this information is directly available online. The competition is going to be stiff online just like it is off line when buying these permanent life insurance plans.
So here is what we have. 5 year, 10 year, 15 year, 20 year and 30 year level term life insurance policies are available in just about any amount online for purchase. In some cases you can complete the actually complete the application online and get approved or declined in minutes. These companies do not ask for a medical exam. They do want answers to medical questions though.
Generally though you give the life insurance companies some basic information and they will have a licensed agent call you to complete the entire application or just part one of the application. You may be required to have a physical examination done at the companies expense.
It just seems that the time is coming when everything will be done online. All life insurance plans will be available for purchase online. That should be fun. You will still need to do a physical in some cases though.