You can absolutely apply for life insurance online. Just be careful. Some tips you need to be aware of before putting your personal information into an insurance quoting site.
1) Be sure the website is secure (https)
2) Know the source of the site. A lot of quoting sites are just "lead" sites. This means this company will sell your information to insurance agents all over the country. It is not uncommon for a consumer to receive 40 calls and emails per day from agents "selling" insurance for weeks and even months.
3) Understand that most online sites show you the best possible rate "best preferred" when quoting. Only about 5% of people qualify for that rate and chances are yours will be much higher.
I recommend using an independent trusted advisor that will professionally shop the market to get you the best rate at the best price for your unique situation.
You can apply for life insurance online in several ways. Sometimes you can fill out the entire application online. More commonly, you find a quote online, then an agent contacts you to be sure you qualify for that quote. Sometimes agents can even find you a lower quote than what you found on their own website. That personal contact can help in many ways, so don't shy away if you are contacted after attempting to apply online. One phone call can be all it takes to get you on the road with the right application, and after that you may never need to speak to the agent again.
That is a great question! You can find anything on the internet these days, and certainly life insurance is on there for the taking. I'm not a big fan of buying it on the internet, but I do think it's good to research and comparison shop on it. Here's why I don't recommend buying online:
1.) If you apply on line, the price you are quoted is almost always the "best price" scenario. It may be quite different from the actual price the policy comes to you with, after the prescription, MIB and underwriting processes are completed. A live agent will have discussed this with you, and in most cases can give you an exact quote.
2.) If there is an issue with your health, and you are declined more than once, this becomes a red flag for any other company that you will apply with. Again, a live agent can prevent this from happening by steering you toward an appropriate policy/company.
3.) Maybe I'm a little old fashioned, but the protection of my family still means a lot to me. I'm not comfortable putting my information out there on the web, especially with the almost daily revelations of who'd been hacked months ago that we're just now being told about. Add to that the horrendous experiences with on-line customer service, and I'm not counting on them to answer in an emergency. I want a live body answering my call.
I hope that helps you, thank you for asking!
Life & Health Insurance Agent, The Tooker Agency, Riverhead NY
Yes you can apply for life insurance online. The life insurance industry is going through a very trying transition right now. The average career life insurance agent right now is over 50 years of age and the total number of agents is quickly declining. This is happening because more people like you are looking for life insurance online.
The important thing for anyone who is a just starting the life insurance process to consider is that your buying experience will certainly be very different if you buy life insurance online versus contacting a local agent. Not better or worse, but different. Thinking about how you prefer to do business may help you decide which route to take.
Are you part of the connected generation? If your average day includes texting and Skype or FaceTime you will be perfectly comfortable buying your life insurance online. Don't be concerned that you will be stuck with some impersonal call center. There are plenty of great online insurance agents that provide personal service. The only difference between them and your local agent is that your communication will be via your smart phone, not in person.
If you're not into the latest technology and you feel that personal interaction requires a handshake, you probably won't be comfortable getting life insurance online. You may find the process cold and impersonal. Don't worry. Even though they're getting older, there are plenty of great local life insurance agents that will give you advice and personal service your way. Many of them still make house calls and transact business over your kitchen table.
The most important thing is not where you get life insurance, it's that you do get life insurance. Good luck to you whichever route you choose :)
Insurance Adviser - Broker, SC Insurance Services, Oahu, Hawaii
Yes you can apply for a life insurance policy online. But a more important question is: what type of life insurance will best fit your goals? Then there are a whole collection of optional riders you will want to at least consider. Some types of life insurance you can apply for online without even having to have a medical exam, but the greater number of available policies require a "field underwriter" as well as some kind of medical exam. I recommend you consult with an insurance adviser/broker that can help you find the right policy for your goals.
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1) Be sure the website is secure (https)
2) Know the source of the site. A lot of quoting sites are just "lead" sites. This means this company will sell your information to insurance agents all over the country. It is not uncommon for a consumer to receive 40 calls and emails per day from agents "selling" insurance for weeks and even months.
3) Understand that most online sites show you the best possible rate "best preferred" when quoting. Only about 5% of people qualify for that rate and chances are yours will be much higher.
I recommend using an independent trusted advisor that will professionally shop the market to get you the best rate at the best price for your unique situation.
1.) If you apply on line, the price you are quoted is almost always the "best price" scenario. It may be quite different from the actual price the policy comes to you with, after the prescription, MIB and underwriting processes are completed. A live agent will have discussed this with you, and in most cases can give you an exact quote.
2.) If there is an issue with your health, and you are declined more than once, this becomes a red flag for any other company that you will apply with. Again, a live agent can prevent this from happening by steering you toward an appropriate policy/company.
3.) Maybe I'm a little old fashioned, but the protection of my family still means a lot to me. I'm not comfortable putting my information out there on the web, especially with the almost daily revelations of who'd been hacked months ago that we're just now being told about. Add to that the horrendous experiences with on-line customer service, and I'm not counting on them to answer in an emergency. I want a live body answering my call.
I hope that helps you, thank you for asking!
The important thing for anyone who is a just starting the life insurance process to consider is that your buying experience will certainly be very different if you buy life insurance online versus contacting a local agent. Not better or worse, but different. Thinking about how you prefer to do business may help you decide which route to take.
Are you part of the connected generation? If your average day includes texting and Skype or FaceTime you will be perfectly comfortable buying your life insurance online. Don't be concerned that you will be stuck with some impersonal call center. There are plenty of great online insurance agents that provide personal service. The only difference between them and your local agent is that your communication will be via your smart phone, not in person.
If you're not into the latest technology and you feel that personal interaction requires a handshake, you probably won't be comfortable getting life insurance online. You may find the process cold and impersonal. Don't worry. Even though they're getting older, there are plenty of great local life insurance agents that will give you advice and personal service your way. Many of them still make house calls and transact business over your kitchen table.
The most important thing is not where you get life insurance, it's that you do get life insurance. Good luck to you whichever route you choose :)