At one time, getting life insurance was a long and challenging process. Thanks to the Internet and some of the new insurance products that have been created, it’s never been easier to get life insurance. If you’re looking to get life insurance, it’s important that you find the best plan available to you.
It’s vital that you make the best decision for your loved ones. Life insurance is one of the only ways that you can ensure that your family has the money that they need, even if something tragic were to happen to you. There are several types of plans that you can choose from and hundreds of companies on the market.
At InsuranceScored.com, it’s our mission to ensure that you’re getting the best life insurance plan possible. That’s why we are here to help. Every year, we get dozens and dozens of questions about the easiest way to get life insurance coverage, and this article is going to answer those questions.
Life Insurance Online
Plenty of companies will allow you to purchase life insurance protection completely online. If you want to get life insurance as quickly as possible, then buying life insurance is an excellent way to do that.
Companies like Haven Life have completely changed the way that we look at getting life insurance protection. One of the most annoying thing about getting a traditional life insurance policy is having to call the insurance company, schedule the medical exam, wait for the results, and then finally get life insurance coverage. If you decide to buy life insurance online, you won’t have to worry about all of that. Buying life insurance online is hands-down one of the easiest ways that you can get life insurance.
Another easy way to get life insurance is to purchase a guaranteed life insurance policy. As you can guess from the name, these plans will let you get life insurance coverage, regardless of your health or any pre-existing conditions that you may have. The company will not decline your application, even if you’re in very poor health. While it might sound like the perfect option on the surface, it’s vital that you understand all of the different advantages and disadvantages of these plans.
Easy Does Not Mean Best
Sure, these plans are quick and easy to get, but there are a couple of drawbacks. The most notable one is that they are going to be more expensive. The purpose of the medical exam is to give the insurance company an idea of how much risk that you are to accept for protection. Without that medical exam or health questions, then they have no idea how much risk that you are, which means they are taking all of the risk to give you coverage. They are going to offset that by charging you drastically higher premiums.
Another disadvantage to these policies is that you’re going to be limited on how much that you can buy. Most guaranteed issue plans will only allow you to purchase around $25,000 worth of protection. These plans are designed to give policyholders that just have a small amount of debt or want to give their family the money that they need to pay off any burial expenses. For the vast majority of families, this won’t be nearly enough life insurance protection. Not having enough coverage is one of the worst mistakes that you could ever make.
The most significant advantage is that you can get approved for coverage much faster than you can with a traditional insurance plan. Because you don’t have to take a medical exam or answer any health questions, you can get approved for life insurance in less than an hour.
If you purchase a no exam plan, like the policies from Haven Life, then you can get life insurance in a matter of days. With a no exam plan on the other hand, then you can get more coverage than you could with a guaranteed issue plan. No exam plans will allow you to get as much as $500,000 worth of protection. There are even a few companies that will give you a $1 million plan with no exam.
Both of these plans are much easier to get versus a traditional policy, but just because they are easy doesn’t mean that they are the best option. Getting a plan that requires a medical exam is not as difficult as you may think.
Deciding Which is Best For You
Life insurance is the best safety net that you can ever purchase for your loved ones. It’s essential that you get the perfect plan, and there are dozens of plans that you can choose from. It can be an overwhelming search, but that’s why we are here to help. We can ask you questions about your specific needs and help connect you with the perfect policy for you.
Ever insurance company is different, and all of them are going to give you different rates depending on which company that you choose. Instead of wasting hours and hours calling companies, let one of our agents do all of the hard work for you. We work with dozens and dozens of highly rated companies across the nation, which means that we can bring all of the best rates directly to you.
If you have any questions about getting life insurance as easy as possible, please contact one of our experienced agents today. We would love to answer any questions that you have. If something were to happen to you, and you didn’t have life insurance, then your family would be responsible for a massive amount of debt and other expenses.