When buying life insurance online, there are many players in this space, but only a few really deliver with real online services. For you the consumer, it maybe hard to find a true online service, as many of the companies are merely gathering details to pass to a sales person to follow-up.
Our experience with online life insurance is that consumers are seeking real-time immediate information and premium calculations to enable them to make decisions on the spot. Purchasing life insurance can be driven by your emotions, so you should be able to purchase it when you feel the need to.
Be prepared. Know what your insurance needs really are (types of cover and sums insured) before you get into product specifics. If you need help establishing how much life insurance you need you can use an online insurance needs calculator. Your search engine will be able to provide you with some suitable sites.
Take advantage of the power of your search engine by entering key words such as life insurance, income protection, online life insurance quotes, top 10 insurance quotes etc. While there is value in the organic listings, pay attention to the sponsored links, as these are organisations that have committed to investing in this space through sponsorship and are usually specialists in their field, who may also offer discounts when purchasing through them.
Once you have searched and clicked onto a website in your country you need to make sure that you are looking at a website which enables you to:
* Access, compare and investigate policies from a number of different insurance companies.
* Package together your personal insurances. Combine your life insurance with trauma insurance and income protection.
* Have real time instant comparative quotes, rather than just providing your details to a sales person to follow-up.
* Gain independent comparative product research.
* Gain access to documentation such as Product Disclosure Statements (PDS).
* View the organisations credentials and qualifications
Make sure when looking at these sites, that you are purchasing comprehensive life insurance, which covers death from any cause not merely an accident. Some companies will advertise that you can apply online without the need for any medical history, usually this typically only covers you if death is caused by an accident. Major insurance companies will always want to know about your medical history prior to issuing a full insurance policy.
It's your life, and you should be in control of the process.
You should also be aware that you can usually only purchase life insurance from a country that you are a resident of.
If you follow the above steps you should be able to achieve a more than satisfactory outcome for you and your life insurance requirements.