If you are one of the millions of Americans who is either uninsured or are in need of more term insurance, you’ve come to the right place. In today’s post we’re going to explore the three ways you can purchase term insurance. Before you decide how to purchase coverage we encourage you to consider each:
From an Insurance Professional
There is a lot to consider when shopping for term insurance. This is why many consumers choose to work with a licensed insurance professional. Before selecting an agent, be sure to ask friends and family members for recommendations. Interview a few before making a selection; this is the best way to ensure that your working with an agent with whom you are comfortable.
Many employers include life insurance in their benefits package, which is typically term insurance with a benefit equal to one or two times your annual salary, at no charge to you. This is classified as group insurance and though it provides a small safety net, it’s typically not enough to meet the insured’s needs. If you feel that you need more coverage than the basic term insurance provided by your employer, asking if they offer additional options that you can purchase out of pocket. Often you can buy additional, limited amounts of coverage without having to answer health questions. If, however, you want to purchase a significant amount of added coverage you may have to answer questions regarding your level of health.
If your employer doesn’t provide a group life insurance benefit they may still offer a voluntary option. Some organizations offer paid term insurance plans. There are several benefits to these policies including: simplified application processes and lower premiums due to efficiencies with billing and applications.
Many consumers choose to buy term insurance direct, via the internet, over the phone or by mail. These services enable you to work with a dedicated, licensed insurance professional from the comfort of home or the office. Top rate online life insurance agencies, like IntelliQuote, guide you through every step of the process and offer highly competitive rates from leading carriers. These services offer convenience and save valuable time.
Find a Term Insurance Policy Today
If you’re ready to begin exploring your term insurance options today, why not start by requesting an online quote? Here at IntelliQuote we provide instant, side-by-side comparisons of the most competitive term insurance rates available to you. With no obligation to buy, what do you have to lose?
Interested in learning more about your whole and term insurance options? Follow our blog. Here we will be providing insight and information on the industry trends that will impact your family’s financial health, today and in the future. While you’re here, be sure and check out these popular posts: