Think the only way to purchase life insurance is by going into a doctor’s office to get a medical exam? Think again. Here’s how you can purchase life insurance without ever leaving your house.
The life insurance industry has gone through a few changes in the last decade or so. Previously, buying life insurance involved meeting in person with an insurance agent or broker, then going through a medical exam to determine your health so that the company can assess what kind of risk you are to them. While this is still an option that you can go through if you want, the reality is that life insurance has been made a lot more simple in the last few years. Consumers want to get their policy set up without having to jump through too many hoops and having to take time out of their schedule to set things up. This has resulted in an increased popularity of No Medical Exam Life Insurance.
Insurance policies that don’t require a medical exam aren’t completely new, and the concept has been around for quite some time. But now that there’s an ever increasing number of people who are looking to buy insurance without even leaving their homes, there’s also an increasing number of insurance companies which are offering the option to purchase insurance online, all without having to deal with a lengthy medical exam. The increased competition means that you have a lot more options to choose from when you consider which company you go with. Insurers have also made their products more competitively priced and easier to understand.
To make things more convenient for you, there are some websites which allow you to compare the premiums and coverage amounts offered by different insurers at the same time. While this is a concept that is popular mostly with car and home insurance, it is also starting to catch on with life insurance providers. You simply enter the required information to get a quote from the insurance companies, such as your age, location, gender and the amount of coverage that you would like to get, and you’ll see quotes from several insurance companies at the same time. While it may be tempting to favor the one provider that is the cheapest, automatically going with a specific company simply because they offer the lowest premiums isn’t always a good idea. In fact, you should read all the details associated with the policies that they offer, and you should also take care to check the company’s reputation, such as the quality of their customer service and how quickly they settle any claims.
Now that you can buy your life insurance online, you’ll be happy to know that you don’t even have to leave your home to complete the transaction, and won’t have to visit a doctor for an examination. You can rapidly find out the needed information and compare offerings by different companies. The entire transaction can be done online in just a few minutes, thus saving you a lot of time.