How Do I Buy Term Life Insurance?

Are you interested in buying a term life insurance policy? If so, you have several options to choose from when it comes to making your purchase.

1. Buy from a licensed life insurance agent in your area.

2. Call life insurance companies direct and request a free quote for coverage.

3. Visit a life insurance website that offers term life insurance quote comparisons to shop for your term life policy.

The process may vary somewhat depending on which option you choose for making your purchase.

For instance, contacting a local life insurance agent to come to your home will include a presentation, a medical exam, and up to several weeks before you know if you are approved, and what your coverage will cost.

On the other hand, some online life insurance providers offer same day coverage, with no health exam, if you qualify for a policy. They ask you some health questions when you apply online, and if you are approved, you may start your life insurance right away, instead of waiting up to 4-6 weeks to find out if you qualify for life insurance coverage.

Whichever way you choose to go in shopping for your term life insurance make sure to compare rates and plans among several carriers before making a decision, because rates can and do vary quite a bit sometimes between insurers.

Here is a helpful term life insurance policy checklist for buying your term life insurance which may help you find the right plan and carrier.

 

Buying Term Life Insurance Online

Is it possible to buy term life insurance online?

Yes, if you qualify for a policy you may be able to buy a term life policy on the internet.

In fact, many life insurance carriers allow you to get instant quotes and apply for your life insurance policy online.

Some plans are fully underwritten, which means you may have to take a medical exam, while others offer instant approval and require no health exam, just some health questions for you to answer.

The instant approval life insurance plans usually cost more because they may accept some applicants for coverage that may not qualify for fully underwritten life insurance policies requiring an exam.

However, if you are approved for no exam life insurance you may start your life insurance coverage today.

And, with no exam plans there’s no health exam, no doctor’s visit, no blood tests, no needles, no urine tests, and no need to meet with an agent and sit through a high-pressure sales pitch.

Here’s how to buy term life insurance online if you qualify for coverage.