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Questions to Ask Before Getting Online Life Insurance

With the Internet constantly at our disposal, buying online life insurance may seem like a fantastic idea.

It offers us convenience and ease, but there are some precautions that you’ll need to take.

While the questions you should ask may not differ much from when you purchase “regular” life insurance, there’s a different angle you need to take. When purchasing online, you likely aren’t dealing with a person face-to-face, which may mean some issues don’t get addressed.

Make sure all your worries are at ease with this list of questions.

What happens if my premiums are too high?

Typically, the answer to this question is pretty straightforward. Just like on other types of policies, if you stop paying your premiums you’ll no longer be covered.

However, life insurance is a little bit different. Typically, that’s how it applies to term policies. Permanent policies may be different.

When it comes to online life insurance, it can be difficult to determine the different types. Make sure you research everything before you purchase, and check with your policy holder to get a real answer.

What can I expect from my policy?

Just because you’re purchasing your policy online doesn’t mean that it will perform the same way as other policies.

Different policies offer different things and perform differently.

Make sure you understand the type of financial return you’ll be getting, and whether or not your employer will be able to invest, prior to purchase.

How long should my policy be active?

There are two different types of life insurance: permanent, and term.

If you’re going for a permanent life insurance policy, it will be active for your entire life. A term will be active for a set amount of time.

Before you purchase life insurance online, definitely ask yourself or your potential agent how long they recommend your policy be active for.

It’s a good way to determine the customer service level of your company. If they’re pushing you to a more expensive option, they may not be the provider for you.

How do you know how much insurance I need?

Sometimes, online life insurance providers don’t operate¬†that much different¬†than those offline.

There’s a chance, however, that they calculate their benefits differently and will advise for different amounts.

Make sure that you and your potential provider are on the same page when it comes to benefits, and what assets and obligations they take into account.

Online life insurance: ask the right questions

When it comes to life insurance, you want to make sure you’re getting the best and most appropriate policy, regardless of cost. Don’t necessarily go for the cheapest policy with the lowest premium.

Before purchasing life insurance online, you’ll need to make sure that all your fears are set to rest. Don’t be afraid to ask your potential policyholder any nagging or difficult questions you have.

When purchasing anything online, life insurance included, some things get buried in fine print. Make sure you bring that to light to ensure that you’re making the right choice for you.

Have you previously purchased insurance online? Share your experience with us in the comments section below!


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14 Responses to Questions to Ask Before Getting Online Life Insurance

  1. Miaka Yuuki

    One question that should be ask fist is ” IS THIS LEGIT” before anything. Why? simply put all the perks are useless if it is not legal.

  2. Rebi

    Thanks for sharing this. Of course, the integrity of the insurance business should also be considered first and foremost before anything.

  3. Hafish

    There are more questions to ask. Your life insurance should be tailor-made for you. Thing is, we do not know the right questions to ask. Thank you for this enlightening article.

  4. Mau

    I’ve never bought an insurance online. I’m still wary about it and still prefer doing face-to-face transactions.

  5. aurora

    hi. i never know this option exist before. and i understand what ever we decided to choose, we need to do some research before committing to any policies. thanks for this post

  6. Carl H.

    Personally, I would only go online for information research regarding insurance. I prefer to go to their office to purchase any policy because I’d rather be face to face with someone from their company answer all my questions.

  7. Dwight M.

    Insurance is something that everyone should have – at least in my opinion. But buying them online isn’t exactly like ordering a smartphone, clothes, or food online. The product is much too complicated to not be explained by a person.

  8. Hari priya

    This is the first time I am hearing about buying insurance online. Although it may seem easier and convenient to buy it online I don’t feel safe buying it through online as I am afraid some important points will be missed. I think a face to face interaction would be better. But anyways, I will think about it. Thanks for the article.

  9. Revathy

    Buying insurance online is something new for me and I don’t trust it much. Nothing comes like a direct interaction with the officers for a hassle free purchasing. Also, it will be convenient to clear all the doubts and to build our trust with the company from which we are buying.

  10. nightcrawlerxmen

    someone mentioned about a face to face meeting as in the office? THat is a very good advice. That will eliminate assumptions and such.

  11. Scott Summers

    With everything omline these days this is not surprising. However, I will research on insurance first before going for it.

  12. Imogen

    Oh this is possible now? I would not be comfortable signing up without talking to someone face-to-face. Thank you for sharing this to us.

  13. Leila

    While this is all very convenient, nothing beats talking to a real person who actually knows what you need. But thank you for bringing this up because there those who opt for a more fast and hassle-free transaction.

  14. Grecy Garcia

    I am getting a life insurance because I really want to know what it could help my family when I am gone. You open my mind for some question I need to ask and you help me to learn more and be aware. I take note of some of your points.

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