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Buy Terminal Life Insurance Online 2020 // Immediate coverage

When it comes to buying life insurance or trying to find out how life insurance works, I'm sure you agree that it seems like a daunting task, and you probably have not found a way to fit it into your budget.

Today I will explain why you should buy life insurance online and how much more of a simple process it is.

  buy life insurance online

This simple list will be a kick in the ass to your delay and show you how you can get life insurance information online today and apply for coverage with the option of an exam or no exam :

One of the most common questions people tend to ask is whether you buy a term or full life insurance

I'm sure you've figured it out now, If not, please click the link above and check out the post .

It provides an impartial answer to the question, but the general answer seems to be to buy thermal life insurance and to also buy life insurance for young people.

According to a study by LIMRA, 30% of consumers state that they started the process online and then aimed to complete the application with a financial professional in person.

For me, it does not buy insurance online and feels like a bit of bait and switch to me.

With new products like, smart life insurance and instant decision insurance, you will not have this issue anymore.

Here are the reasons why you should buy term life insurance online:

1. Online Reviews From Current Customers

With detailed online reviews for almost every product you can think of, like my reviews for Haven Life, Fabric Life, Ladder Life and Bestow Insurance Products.

There is no longer any reason to be in the dark about exactly how a product or service works.

You will not get a better testimony than a complete and honest review of a product.

You can even get reviews on insurance agencies like this Zander Insurance review.

A good online review should have:

Company Information

You should be able to learn all about the company you plan to purchase a product from.

When you apply for life insurance online most of the time you are dealing directly with the company so you need to be sure that they are a solid match for you.

How long have they been around, are they reliable, are they a financially solid and reliable company, have they won any awards or if they have high industry ratings:

  buy insurance online

Accompanying Video Review

The better reviews will have an accompanying video to follow their written review.

This gives you, the buyer, a better ability to see how product or service works while It is used by a customer.

Advantages and Disadvantages

You can not and should not take a review seriously if the reviewer does not give you any disadvantages with the product. No product is perfect and can always be improved.

  buy life insurance online

Actionable Advice

Most reviews give you actionable advice throughout the review, these are things like getting a quote or how to get a sample of the product.

Pricing Information

Online reviews almost always show pricing or provide a selection of the type of pricing you can expect.

Life insurance product reviews should always give you the ability to unwind to get a life insurance quote. Like I just did here.


Above picture from Haven Life Review

Life Insurance made easy.

Agent note required.

Get quotes and sign up online without talking to an agent. But we're here if you need us.

Unoriented, expert advice.

Get objective insurance training from licensed experts and also avoid dumgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of receiving your quotes and application.

2nd Your Cost Will Be Lower

When you are wondering where to buy life insurance for life, online life insurance companies will be the cheapest option.

Your cost will be lower for some reasons: [19659027] No Middle Man

You will be covered directly by the carrier, there are no intermediaries.

This means that there is no agent to whom the insurance company constantly has to pay a commission.

Life insurance companies do not have to pay for sales materials or create agent support systems, which allows them to focus more on the client side of life insurance.

Lower Expenditure

Better Technology

As with retailers, life insurance companies, spend more resources on technology.

By doing this, they allow them to simplify and speed up processes that used to take longer and create technology that allows them to stop the waste

Companies like Haven Life and Ladder Life are both good examples. They have both created their own warranty processes to insure customers.

This simplifies the purchase process for life insurance and gives the customer much lower life insurance levels.

3rd Real Time Underwriting

Throughout this post you will see the word underwriter and underwriting a few times.

I will explain to you what they mean and why Real Time Underwriting is so much better and why it is going to change this industry completely.


According to Investopedia, insurance guarantees are used by insurance companies to help price life insurance, health insurance, insurance insurance and household insurance among others.

use computer programs and actuarial data to determine the probability and size of a payment of claims during the life of the insurance.

Evaluation of an insurance risk before the insurance period and in the event of renewal is a decisive function for an insurer. :

According to Wikipedia, Underwriting involves measuring risk exposure and determining the premium that must be charged to insure that risk.

The Underwri function is to protect the company's business book from risks that they believe will incur a loss and to issue insurance at a premium equal to the exposure presented by a risk.

"In Plain English" – Underwriting is the process used to determine if you are an acceptable risk for the insurance company to insure based on your lifestyle and medical history.

Policygenius even created a great infographic about the whole process:

  The undewriting process

Real Time Underwriting:

This is something that is currently being introduced on the market.

What happens during real-time insurance is that instead of having an underwriter manually review your application.

The signing takes place in real time while you complete your application.

If you answer yes to a specific question, a new series of questions will appear as shown in the video below:

Then underwriting takes place while you complete the application, when you click submit you will receive a decision immediately.

This may be due to reports such as your Motor Vehicle Report (MVR), Medical Information Bureau (MIB) report and your prescription drug report.

Your application along with these reports on your medical history are matched with your application and an immediate decision is given.

You do not have to feel that there is a process in 10 steps and it also prevents you from having to complete a telephone interview.

4th Agents Sold Separately

I created an entire post on how I can get life insurance policy without phone calls from agents.

This is a big one for me. I have found that if you want to buy life insurance directly online, shopping with an agent is the worst option.

Do not get me wrong, there are some cases when talking to an agent will be best for you.

Like when you are dealing with a more complicated insurance product such as universal life insurance.

Yet when you shop directly with an insurance company, they can answer any questions you have about the product you are buying.

Buying life insurance was originally only possible by having an agent come out to your home to sell the product.

The agents would also return on a monthly basis to collect the monthly premiums.

a practice that is a fairy tale, as over 38% of consumers state that they do not buy life insurance just because they do not trust insurance agents.

When you think about how to buy life insurance wisely buying insurance online is going to be your best option.


I have to admit I was shocked by a recent study by Lifehappens.org which showed that 51% of consumers prefer to still meet an agent to buy life insurance. [19659002] But if you look at the chart below, you can see that the younger the buyer, the more percentage goes to those who want to deal with an agent.

  buy life insurance

This means that there is still a downward trend of people actually wanting deal with an agent.

There is also a trend in people who prefer to handle some form of online process. [19659103] Pricewaterhouse Coopers states that 61% of consumers between the ages of 18 and 54 find it attractive to buy Life insurance online and Internet now play a role in eight out of ten life insurance purchases.

I'm sure that when more information and education about life insurance is made readily available smile that people will choose not to deal with an agent at all for something so simple as a term life insurance.

In the near future, I see agents becoming more specialized for much more complex products such as guaranteed universal life insurance.

As a licensed life insurance gent for 9 years I do not say any of this with a grain of salt.

This is how I have lived over the years, but I can not remain blind to how industry is changing.

I can also not ignore the fact that technology only captures the industry that causes a great upheaval.

Life insurance easy.

Agents not required. [19659044] Get quotes and sign up online without talking to an agent. But we're here if you need us.

Unoriented, expert advice.

Get objective insurance training from licensed experts and also avoid dumgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of receiving your quotes and application.

5th Immediate decision on purchase process

I have taken hundreds of customers through the purchase process for life insurance.

I can assure you that the only reason clients can get through it faster is because of the products that now allow online application. 19659002] Buying Online Is About 95% Faster Than Buying Offline And I Want To Show You The Difference Between The Two:

  Buying Life Insurance Online

Offline Buying Process:

Finish Paper Application

So you have made a decision about the best product for you and your family, now you need to fill out your application.

There will be at least seven pages and I will have to fax, email or snail email them to you.

The problem is that as an agent I will probably not be able to guide you through the entire application.

There is also a high probability that you will not have all the information needed to complete it 100%.

We will have several back and forth phone calls about things like:

  • Recipient information
  • Doctor's contact information
  • Date of last doctor's visit
  • What was the reason for your last doctor's visit
  • Payment information
  • Medicines you are taking
  • How often you are taking these medicines
  • Medicinal dose amounts
  • Correct spelling of the medicines

I would also need to read all the prescriptions for prescription medicines and medical information for you as well.

They look like this:

  get life insurance online

Pacific Life Authorization

When it's done and you've logged in to everything and of course sent it back.

We can start with the next step, let's give this 1 week.

Total to date: 1 week

Medical Records Request

The next step is to order your medical records or as they say in the life insurance industry, request a visiting doctor's statement or (APS).

This will be one of the longer processes because everything is based on your doctor's office.

I have seen this process take up to three weeks because there are so many companies involved.

I put together an Infographic to show how long this process can be:

  anatomy of a medical registry request [19659152] anatomy of a medical registry request

This is a really lengthy process, right? [1 9659002] This is how it is done for almost all companies that still rely on a paper application.

Let's give these three weeks to complete.

Total so far: 4 weeks


Degree and record request normally happen at the same time.

Even with the best of intentions, you may still not be graduating for a few days.

You will also need to wait 2 to 3 days for the results to return to the insurance company.

From my personal experience, I have never seen a client complete a degree, paperwork and get labs sent over and reviewed by an insurer in less than a week, so let's give these two weeks.

Total so far: 6 weeks

Now For The Wait

You've done everything you can, now it's up to the insurer to get to your file when they have time and try to take a decision whether you have been approved or rejected.

Sometimes insurance companies will have all this information and still need a telephone interview to clear up any remaining issues.

This along with waiting to hear from your agent will probably take about two weeks.

Total time for decision: 8 weeks

Your decision

It has now been about 8 weeks and you finally get a call from your agent with a decision and there are only three possible results .

Approved as applied:

You were approved for exactly what the agent quoted you for in terms of monthly premium, term and coverage amount.

Passed other than applied:

You were considered healthier or not as healthy as originally stated in the application or something comes up in the exam that you do not know.

Your interest rate will decrease if you are healthier and your interest rate will increase if you are less healthy. You now need to decide which option works best for you.


This is possible, you can be rejected and the whole process would have taken about 2-3 months of your life up, all to hear a "NO". That alone prevents people from applying again.

Just because the specific company said no does not mean that all other companies will follow suit.

According to a study conducted by LIMRA, "7 ​​out of 10 people think that once they have applied for coverage, they should have their policy in 14 days or less."

If you read the statement above, you can see That this will not be the case and that is why most just end up never completing the process.

It can take 14 days just to get all the claims to the insurer.

When your decision finally comes, you are exhausted from the time it has taken and if you have a counter offer, you are pissed because it feels like the agent was lying to you about the interest rate.

Most people accept the higher price and continue because it took so long that they can not imagine going through the whole buying process again.

There is a better option and that is to buy life insurance online.

The online purchase process:

Submit a quick online application

When you buy life insurance online, you must fill in the application at your own pace . [19659002] It usually only takes about 15 to 20 minutes to complete and submit the application.

You can check out the video below of me applying for the Haven Life product where you can see that the process is really simple.

Get Your Immediate Decision

Instead of waiting 8-9 weeks to get a decision, with today's technology, when you buy online, you will look at an immediate decision.

Once you have completed the application, you will know if you have been approved, rejected or if additional information will be needed.

If an exam is needed

If you need an exam you will find out within 20 minutes and the carriers will have an examiner who will start calling you as soon as the next working day for to cancel your degree.

Final Decision

You will receive your final decision either immediately or after completing an exam (if required).

There is no other way to get this type of simple and quick approval process when applying for life insurance.


Buying a life insurance policy online is faster, much faster. [19659002] If you really want cheap life insurance, the best way is to buy online and go through this simple process.

It's super easy, but do not just take my word for it.

  online insurance

Holly Johnson at Club Thrifty talks about how she got 750,000 in life insurance for less than $ 30.00 per month, and it was done 100% online.

6th Payment information is more secure

In all my years of selling life insurance, the part where I found the most friction has always obtained payment information from my customers.

I have always been a pillar with information for my clients when it comes to questions such as, how does life insurance work?

But no matter what report I built and no matter how comfortable my customers were with me when I needed payment information, there were always questions or comments like:

  • I gave my information to a company and they wrote three times.
  • I do not have money today, can I pay later?
  • Can I wait until I am approved?
  • I do not have a bank account.
  • Why do you need my payment information today?
  • I do not provide that information by telephone.

These are all valid comments and questions, but just like with anything else, to get the product you have to pay for it.

When you buy term life insurance online, you must avoid all these worries.

As technology improves, it becomes much easier to answer whether online payments are more secure than offline payments.

Both your personal and payment information will be sent securely and encrypted via a "https: //" website addresses such as those below:

  purchase time life insurance online

Simply Insurance Secure [19659214] haven life https ” data-id=”2634″ data-init-width=”482″ data-init-height=”119″ title=”haven-life-secure” loading=”lazy” src=”https://ml4zqvmf1vdr.i.optimole.com/7jQ5zK8-20s2z18Q/w:482/h:119/q:eco/https://mk0simplyinsura1yqr8.kinstacdn.com/wp-content/uploads/2017/03/haven-life-secure.jpg” data-width=”482″ data-height=”119″ data-link-wrap=”true” width=”482″ height=”119″/>

Haven Life Secure

No one except the company will handle your private information.

You limit the exposure of your private information and you do not have to worry about the person you gave the information to will be honest and have integrity.

Life insurance easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But we're here if you need us.

Unoriented, expert advice.

Get objective insurance training from licensed experts and also avoid dumgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of receiving your quotes and application.

7th You become more honest

In my 9 years of selling insurance, I have found that people will not be 100% honest about their health situation to anyone.

I mean, people do not even tell doctors the whole truth, but they simply tell it to Google or other online devices, it seems to be e asians to live online.

I recently watched some old episodes of House and I realized that most people on the show just got sicker and sicker because they just would not be honest about the things they did before they got sick.

  dr. house tv show

via pinterest.com


If you do not even give your doctor the whole truth, then I have probably become like a quarter of the truth.

This is how it sounds to me:

The problem with this is that when you do not tell a life insurance agent the whole story, you end up applying for a product for which you cannot be approved.

You may also end up receiving a price that you could not have approved in the first place.

  how to buy life insurance online

Do not tell the agent that your full story will only harm you in the long run when you buy life insurance.

When you buy online, you do not have to feel embarrassed or stigmatized to talk about a specific drug or agent to an agent.

It's just you, your computer, and your information.

You can be more honest about your current and past health situation, which in turn will get you faster decision on warranty.

8th Fewer application errors

Application errors are one of the biggest causes of slow application processing speeds.

The problem is that when you complete an application offline, all changes that must be made to the application must be logged in by you.

This means if:

  • The agent does not have a letter in your name
  • Tobacco user is checked, but you are a non-tobacco user
  • Your street address is incorrect
  • Your recipient names are misspelled

You must log off each error each time.

It can sometimes take a few days for you to find out that there are application errors that you need to fix. [19659002] When you are online and complete the application yourself, this problem is reduced by over 95%.

Because you enter your own information, you are less likely to enter incorrect information.

Therefore, you may have minor application errors when buying life loan insurance ance online.

Life insurance made it easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But we're here if you need us.

Unoriented, expert advice.

Get objective insurance training from licensed experts and also avoid dumgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of receiving your quotes and application.

ninth Buy insurance online at your own pace

When you buy life insurance online, it gives you the opportunity to complete and complete the application at your own pace and in your own personal space.

Sometimes we just do not have the extra 20 to 30 minutes to put 100% in something, which is understandable.

But with an online application, it's easy to stop where you are, save your information and come back later to complete the process.


This is very convenient because you do not have to start screening your calls for an agent who is ready for you to complete the application on time .

I have also found that most of us live at work and if we can get something done between work and home, these things will probably be the things that are done first.

Money Talk News found that 1 in 3 Americans shop online at work.

10th Corporate Reputation Control

According to a 2016 study conducted by Lifehappens.org & Limra, 38% of consumers do not buy life insurance simply because they do not trust insurance companies.

You probably have a relative or friend who was fired by an insurance company and that fear follows you when you start looking for your life insurance.

When you are looking for affordable online life insurance, you can do much more extensive research on who the company is and how long they have been in the business.

You can use companies such as AM Best, The Better Business Bureau and the National Association of Insurance Commissioners to confirm that the company you are researching is indeed as reliable and / or financially stable as they claim to be.

Check out the A.M. Best Report by Fidelity Security Life Insurance Company, the company that guarantees all Ladderlife.com policies:ebrit19659286achteLadder Life AM Best Rating "data-id =" 2638 "data-init-width =" 752 "data-init-height =" 719 " title = "am-best-fslic" loading = "lazy" src = "https://ml4zqvmf1vdr.i.optimole.com/7jQ5zK8-mWQZNvcg/w:752/h:719/q:eco/https://mk0simplyinsura1yqr8 .kinstacdn.com / wp-content / uploads / 2017/03 / am-best-fslic.png "data-width =" 752 "data-height =" 719 "data-link-wrap =" true "width =" 752 "height =" 719 "/>

AM FSLIC's best rating

This report shows that Fidelity Security Life Insurance Company is stable, has been around for a long time and has many assets.
[19659002] I think companies that sell primarily online have been much more open about their business, holdings and other financial interests.

Life insurance made it easy.

Agents not required.

Get quotes and register online without to pra bring an agent. But we're here if you need us.

Unoriented, expert advice.

Get objective insurance training from licensed experts and also avoid dumgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of receiving your quotes and application.

eleventh Easier access to policy documents

One thing I have always had problems with is that many customers have absolutely no idea how to handle or make any changes to their policies.

As an agent, it is my responsibility to my clients to help them maintain their policies.

However, the truth is that they should have the ability to do this on their own.

When you buy your life insurance online, it also gives you the opportunity to see an online copy of your policy.

This will prevent you from ever losing it or being charged extra for additional copies.

It gives you the ability to print all the shapes needed to make changes.

If you need to change a beneficiary, insurer, payment information or name change.

In fact, buying life insurance online allows you as a customer of "Drivers Seat"

12. Learn From Influencers Online

If you are unsure about life insurance, how it works, what it is or simply have more immediate questions.

You can find several influencers online including myself who can answer any questions you may have about life insurance or any other personal finance topic.

With this you no longer only need to get one answer, you can get several answers from different points of view.

It's easy to find them too. [19659002] Go to buzzsumo.com and enter personal finance:

  buzzsumo 1

Click on influencer tab

Klicka på enter på fliken Influencer för att se resultaten

 buzzsumo 2

Som du ser finns det flera personer du kan få hjälp av genom att antingen läsa sina bloggar eller följa dem på twitter .

Att nå ut till influenser är ett bra sätt att bygga d en bättre förståelse av både livförsäkring och dina personliga ekonomiska behov.

13. Handla direkt med företaget

När du handlar direkt med försäkringsbolaget kan du kontrollera din ansökningsstatus online.

Detta sätter bollen i din domstol.

Du behöver inte undra längre om du har varit godkänd, eller om du kommer att höra tillbaka från agenten.

Jag kan inte säga hur många gånger jag kunde landa en kund eftersom deras tidigare agent aldrig följde upp dem i veckor.

Det finns ingen anledning för att gå igenom denna huvudvärk.

Att hantera företaget direkt sätter dig i förarsätet för din livförsäkringspolicy.

Livförsäkring lätt.

Ombud inte nödvändig.

Få offertar och registrera dig online utan att prata med en agent. Men vi är här om du behöver oss.

Oinriktad, expertråd.

Få objektiv försäkringsutbildning från licensierade experter och undvik också dumgy försäljningssamtal.

Täckning på några minuter.

Du kan få livförsäkringsskydd inom några minuter efter att du fått dina offertar och ansökan.

Bonus – Ingen medicinsk undersökning 2019

Jag ville kasta in en snabb bonus och det är förmågan att köpa någon försäkringslivsförsäkring för dina nära och kära online.

Denna term försäkringsprodukt har blivit mer prisvärd och processen för att bli godkänd har blivit mer strömlinjeformad och supersnabb.

You still will have to answer some questions about any health conditions you may have when you complete the application.

However, there is no personal information needed to get an instant quote and decide if you want to apply for coverage.

We actually have a product that can give you up to $1,000,000 in no exam life insurance coverage instantly without a waiting period if you are approved.

The best thing about this company is that you can use your credit card to pay for your policy once you have been approved

No exam term life insurance will be the best way to buy insurance online in 2019.

Frequently Asked Questions

Is term life insurance safe to buy online?

Yes, buying online is probably the easiest and safest thing to do now that the life insurance buying process has been made better with new technologies.

Can I buy life insurance directly from insurance company?[19659002]Depending o n the company you can buy life insurance directly from an insurance company. Recently there has been several new entries into the direct to consumer life insurance marketplace such as Bestow and Haven life.

Is ITR required for term insurance?

Income Tax Returns are not usually needed for anything under $2,000,000 in life insurance (depending on the company). Anything under that amount usually won't have any financial underwriting required.

Can I buy life insurance for myself?

Yes, you can buy life insurance for yourself.

Can you apply for life insurance online?

Applying for life insurance online is a thousand times better and easier than it used to be only 10 years ago. The best thing about applying online is that you can get the process completed in one sitting and have an answer much sooner.

How quickly can I get life insurance?

With our no exam term life insurance product, you can get life insurance in as little as 5 minutes.

Moving Forward & Getting Started

There is no reason to be afraid to buy term life insurance online anymore.

It really is the best way to get covered nowadays.

The process is simpler, faster and more secure than ever before.

You will cut your decision time down by over 95% and can find all the information you need about any specific insurance carrier.

It really is time to stop the procrastination, get an instant quote and apply online today.

Thanks For Reading… Before You Go!

Was there anything missing on the list? Do you have anything to add?

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