Key Takeaways:
- Buying term life insurance online is easier, faster, and more likely to be accurate than speaking with a sales agent over the phone.
- Shopping online for a term life policy that fits your family’s needs and budget doesn’t have to be confusing.
- Everyday Life’s 100% online process is highly convenient and secure — our Ultimate Life Insurance Calculator can help you understand exactly how much you need. Don’t overpay for life insurance!
Table of Contents
Google Search traffic for the search term “life insurance” jumped 50% between March and May of 2020 compared to the same period in 2019, according to a CNBC article. It’s clear that the pandemic has made more and more people who are uninsured realize that they shouldn’t go without coverage, and the first place they’re going to get information and find a plan is Google.
That’s a good thing! In today’s day and age, if you have dependents, you should probably have a term life insurance plan that can protect them if anything happens to you. Buying term life insurance entirely online can seem confusing, but there are many benefits to doing so. If you know what to look for in a plan, you can tailor your search or narrow your options!
Buying Term Life Insurance Online is Convenient
The pandemic has allowed nearly everyone in the U.S. to function from home — or at least, much more than they were doing before. Many company employees are now working entirely online. shopping, even for groceries, can be done entirely online. Doctor’s appointments can take place entirely online. The list goes on and on.
Even before the pandemic, the trend was going digital. American consumers prioritize comfort, and the comfort of completing tasks without having to leave your home is unmatched, especially when buying term life insurance.
It’s just easier and more comfortable to buy term life insurance online. You can compare coverage options on a Saturday morning while in your pajamas, on your couch, with your current Netflix binge playing in the background, while your kids play within sight. Or you can do it at night after a busy day at work when the kids are finally asleep and you’ve put all the dishes away.
You don’t have to stress out about fitting a 45-minute phone call with a pushy insurance agent who only has availability before 5 pm to talk into your workday. You can also start and stop when you want to — you can spread out the buying process over several days to make sure you have all of the information you need to make the best decision, rather than being pressured into a commitment over the phone.
Buying Term Life Insurance Online is Faster
Because you don’t have to wait for agents to call you back in order to get a quote, you can compare options much more quickly if you buy term life insurance entirely online. Many online buying processes take just a few minutes to complete.
For example, Everyday Life’s process can take less than 15 minutes total from the time you start with the Ultimate Life Insurance Calculator to the time you submit your plan application. In some cases, you may get instant approval to buy a plan!
You can have multiple tabs open at the same time search for answers to important questions, such as whether whole life or term life is better, how much the average term life plan costs and what happens at the end of a term life plan.
Buying Term Life Insurance Online is More Likely to be Accurate
Bias is a part of any sales process, and the term life insurance industry is no exception. Life insurance agents you speak with on the phones are not necessarily looking out for you and your family’s best interests — they are trying to sell you on something, and they will use all of the sales tactics in their arsenal to influence you to buy a certain product.
This includes giving you a quote for more coverage than you actually need, or giving you an initial quote for a plan that will actually have a much higher premium once underwriting is complete (which is why Everyday Life’s online process only recommends coverage that you are likely to be approved for at the quoted price).
When you buy coverage online, you can make decisions for yourself, and you won’t have to deal with the pressure of speaking with a sales agent. You can do research and compare plans objectively.
Use Everyday Life’s Ultimate Life Insurance Calculator to Buy Term Life Insurance Online
For these three, and many other reasons, Everyday Life encourages families to buy term life insurance entirely online and start with our Ultimate Life Insurance Calculator.
Simply enter a few details about you, your family and your life (no contact information required) to get a personalized plan recommendation for coverage that automatically adjusts over time due to major life changes. That way, you are only ever paying for the amount of life insurance you absolutely need.
If you don’t need life insurance, our tool will tell you that, too. There’s no obligation to purchase — you can save your quote and continue comparing your options online! Learn more and get started with online term life insurance.
