[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.easyquotes4you.com\/life-insurance-quotes-online\/#BlogPosting","mainEntityOfPage":"https:\/\/www.easyquotes4you.com\/life-insurance-quotes-online\/","headline":"Ultimate Guide to Purchasing Life Insurance Online","name":"Ultimate Guide to Purchasing Life Insurance Online","description":"Quick Navigation Links Show 1 Choosing the right health classification 2 Cheapest is not always the best 3 Conversion Options 4 Company Strength 5 Riders 6 The Best Life Insurance Carriers Quoted Online 7 Term Life Insurance 8 BEST TERM LIFE INSURANCE COMPANIES FOR 2019 9 No Exam Term Life Insurance 10 Living Benefits Term.. More<\/a>","datePublished":"2018-09-20","dateModified":"2020-02-10","author":{"@type":"Person","@id":"https:\/\/www.easyquotes4you.com\/author\/site-admin\/#Person","name":"Rob Pinner","url":"https:\/\/www.easyquotes4you.com\/author\/site-admin\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/e4da538e10e071b419f4843e8193941a0ff5ad58e937daa177fa846a5124dc4d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e4da538e10e071b419f4843e8193941a0ff5ad58e937daa177fa846a5124dc4d?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Rob Pinner","logo":{"@type":"ImageObject","@id":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2018\/09\/logo-shape-e1536791917640.png","url":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2018\/09\/logo-shape-e1536791917640.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2018\/09\/Life-Family.jpg","url":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2018\/09\/Life-Family.jpg","height":360,"width":865},"url":"https:\/\/www.easyquotes4you.com\/life-insurance-quotes-online\/","about":["Life Insurance"],"wordCount":2085,"keywords":["buy online","experienced agent","independent agency","independent agent","instant quoter","insurance","life agent","life insurance","online life quote","purchase","term","universal life","whole life"],"articleBody":" Quick Navigation Links Show 1 Choosing the right health classification 2 Cheapest is not always the best 3 Conversion Options 4 Company Strength 5 Riders 6 The Best Life Insurance Carriers Quoted Online 7 Term Life Insurance 8 BEST TERM LIFE INSURANCE COMPANIES FOR 2019 9 No Exam Term Life Insurance 10 Living Benefits Term Life Insurance 11 Guaranteed Universal Life 12 Final Expense 13 TOP FINAL EXPENSE LIFE INSURANCE COMPANIES 2019 14 Guaranteed Issue Whole Life Insurance 15 BEST GUARANTEED ISSUE WHOLE LIFE INSURANCE COMPANIES 16 Insurance Carriers to stay away from 17 NEED AN INSTANT QUOTE 18 What happens to your information Are you thinking about buying life insurance online? If so, we got you covered. There has been a trend over the last few years in that most consumers looking to buy life insurance, do so online.\u00a0 Most are \u201cgoogling\u201d the different types of coverage or they are looking for a quote.\u00a0 We will cover what you need to know to get the most accurate quote online.There are 2 key facts to remember when shopping for life insurance:The quotes that you receive from one site are going to be the exact same as all other life insurance website quoters. You will not see different or better rates by going site to site.Buying directly from the life insurance carrier will not save you money. Whether it be from a website, agent, or agency the rates are all the same.\u00a0 Buying directly from the life insurance carrier just ensures you don\u2019t have an agent looking out for your interests.\u00a0 You are essential leaving that up to the insurance carrier.We will cover 3 important tips that will make your Life Insurance Quoting experience a success.\u00a0 They are:Pick the appropriate health classification (If your diabetic then you are not going to qualify for Preferred)Cheapest is not always the best route to goLiving Benefits need to be consideredAs you start to run quotes, you will soon realize that life insurance is not as expensive as you thought.\u00a0 Most consumers over-estimate the cost of life insurance and therefore never compare rates.\u00a0 Comparing rates online can ease the anxiety that comes with making a purchase like this.Choosing the right health classificationMost life insurance carriers have 12 different health classifications.\u00a0 Whichever classification you qualify for is what determines your actual rate.\u00a0 The rates that are shown from the different life carriers are correct, what your health classification may not be.\u00a0 An experienced agent can help you determine which class you might qualify for.\u00a0 Below is a list of the health classifications:Preferred Plus (Perfect Health)Preferred (Minor health problems, family history)Standard Plus (Your health is above average)Standard (Your health is average)Table 1-8 (Moderate to Severe health problems)We all believe we are healthy and will live forever, but, this is just not true.\u00a0 We recommend always start by running the quotes at a standard rate.\u00a0 This will ensure you won\u2019t be surprised if your health classification is not as good as you might think. The standard health classification is what the majority of the population would qualify for.Cheapest is not always the bestWhile finding the lowest rate is always a plus, you need to factor in these when buying life insurance:Conversion OptionsCompany StrengthRiders Offered (Disability, Living Benefits, Waiver of Premium)Conversion OptionsAbout 95% of life insurance carries offer a conversion option on their term policies.\u00a0 This option simply states that during the term period that you are allowed to convert your term policy to something permanent without having to answer any health questions.\u00a0 For example, you are in the final year of your term and have a heart attack.\u00a0 You will most likely not be able to qualify for insurance again, but having the conversion option can be a life saver.Company StrengthIt is very important that you choose a company with strong financial ratings.\u00a0 Any company with an A.M. Best rating of A- or better is considered financially stable and will be able to pay claims when the time comes.\u00a0 You don\u2019t want to choose a company that may not be able to pay claims just because you save a few bucks.RidersMost companies offer riders with their term life insurance policies.\u00a0 The one rider we recommend all consumers take a hard look at is the living benefits rider.\u00a0 This rider allows you to access a portion of the death benefit early in the event that you have a major medical occurrence (heart attack, stroke, cancer, etc.).\u00a0 This rider is great to attach to your policy because it covers you in death and during an illness.\u00a0 If you have a family history of medical problems, it would be in your best interest to pay a little more for this feature.BEST LIFE INSURANCE COMPANIES FOR 2019The Best Life Insurance Carriers Quoted OnlineTerm Life InsuranceAmerican General Life Insurance-American General has been around for a long time and most everybody has heard of them.\u00a0 They are the sister company to AIG which makes them one of the biggest insurers in the United States.\u00a0 They are a fully underwritten company with great rates and many options to choose fromBanner Life Insurance-Banner is a good company to use if you have average health.\u00a0 They underwriting is more lenient than other companies and they also offer an accelerated program.\u00a0 Under this program, if you are in good health and requesting $500K or less in insurance you could qualify without an exam being done.BEST TERM LIFE INSURANCE COMPANIES FOR 2019No Exam Term Life InsuranceSagicor Life\u2013 Sagicor will give you an instant decision up to 1 million of term life insurance coverage without an exam.\u00a0 Also, with Sagicor you are able to qualify for the preferred rating without an exam which is not the case with most non med term policies.\u00a0 These are not guaranteed issue.\u00a0 They do some underwriting so you want to make sure your health status is pretty clean before applying.Ethos Life\u2013 Ethos Life is a company that does all of their business over the web.\u00a0 There is no agent and you deal directly with Ethos.\u00a0 You can get an instant decision up to 1 million term life insurance coverage without an exam.\u00a0 Just like with Sagicor this is not a guaranteed issue policy.Living Benefits Term Life InsuranceAmeritas\u2013 Ameritas just released their living benefits term life insurance\u00a0 back in 2017.\u00a0 It really revolutionized the industry and put other companies on notice.\u00a0 The living benefits feature comes with 18 triggers (triggers are the health events that activate the rider).\u00a0 There 18 triggers are the most offered by all the insurance carriers.\u00a0 Also if you are looking for less than $300K of death benefit there is no medical exam.American National\u2013 American National has been around for a long time.\u00a0 They had the number 1 living benefits term life insurance until Ameritas released theirs.\u00a0 There term comes with 16 triggers and American National has a great history of paying the living benefit claims.\u00a0 They are also more liberal with there underwriting, so if you have some health issues, we recommend using American National.\u00a0 There is no medical exam for face amounts up to $250KGuaranteed Universal LifeSagicor-Just like it\u2019s term product, Sagicor offers a UL policy that you can qualify for up to 1 million without an exam.\u00a0 These type of policies don\u2019t earn much cash value, but the premiums are guaranteed to age 120.American National:\u00a0 American National universal life policy is like no other.\u00a0 Not only is the premium guaranteed to age 120, but there policies come with a cash out option.\u00a0 At the end of the 15th, 20th, & 25th year, you are able to surrender the policy and receive 100% of premiums paid in.\u00a0 Of course you lose the coverage, but it\u2019s a nice option to have.\u00a0 Also there is no exam with face amounts of $250K and below.Final ExpenseAssurity Life:\u00a0 Assurity has a great simplified issue whole life insurance product.\u00a0 There rates are the best around for final expense.\u00a0 They have an A- with A.M. Best which will give you peace of mind that the claim will be paid.\u00a0 The age range to qualify is 50-80 with limits from $5K-$50K depending on your age.Foresters Financial: Foresters final expense whole life insurance is called PlanRight.\u00a0 The rates are low and you also get some great incentives when you purchase a policy through Foresters.\u00a0 Foresters is a fraternal organization, so not only do you get the life insurance, you also qualify for their member benefits (scholarships for your children\/grandchildren and community events).\u00a0 Foresters offers a phone application with an instant decision.\u00a0 Check with your agent to see which states this is allowed in.TOP FINAL EXPENSE LIFE INSURANCE COMPANIES 2019Guaranteed Issue Whole Life InsuranceAIG\u2013 AIG has the most competitive rates for the guaranteed issue whole life insurance market.\u00a0 There are no health questions at all.\u00a0 The application is done online and your policy is emailed to you rather than a paper copy.\u00a0 This is great for individuals who have major health issues and need some coverage.\u00a0 Face amounts range from $5K-$25K with an age range of 50-80 years old.\u00a0 The one draw back is that for the first 2 years these policies only cover for accidental death.\u00a0 After 2 years, you have full coverage.Gerber:\u00a0 Gerber is known for their child start-up plans, and most everybody has heard of them either by a TV ad or through direct mail.\u00a0 They also have a guaranteed issue whole life insurance policy.\u00a0 Even with their rate increase in 2017 they remain competitive.\u00a0 There plans range from $5K-$25K with age range of 50-80 years old.AARP: AARP offers a guaranteed acceptance policy with face amounts ranging from $2,500 to $25,000. AARP\u2019s life insurance products are sold through New York Life. You do have to be a member to apply for life insurance with AARP.Side Note:\u00a0 You can stack these policies together if you are looking for more than the $25K.\u00a0 By stacking them you would have $50K instead of the $25K.BEST GUARANTEED ISSUE WHOLE LIFE INSURANCE COMPANIESInsurance Carriers to stay away fromWhen you are shopping online it\u2019s important to remember that you will come across lots of companies with huge advertisement campaigns.\u00a0 This can make it difficult to figure out which company is best for you.The first red flag that should go up is if the agent you are working with is Captive.\u00a0 Captive agents are only allowed to sell with their company.\u00a0 They won\u2019t and can\u2019t shop around for you.\u00a0 Captive insurance companies include State Farm, Nationwide, and Primeamerica to name a few.\u00a0 The most important question to ask is how many companies are you affiliated with.\u00a0 This will let you know if it\u2019s time to find a new agent.The second red flag should be raised if the offer \u201csounds to good to be true.\u201d\u00a0 A lot of companies use paid spokespeople (Alex Trebek-Colonial Penn) to push there policies through commercials and radio ads.\u00a0 I would be willing to bet that Alex doesn\u2019t own a Colonial Penn policy.\u00a0 Remember if it sounds to good to be true, then it probably is.NEED AN INSTANT QUOTEWhat happens to your informationWhen you enter your information into an instant life quoter, what happens to that info once you hit submit?\u00a0 The good thing is that your info is not stored on a server or in some database somewhere.\u00a0 Usually one of these 2 things happens:Your information can be sold to multiple parties (Not a good thing, unless you like getting swamped with phone calls and emails)The website you entered you information on is owned by an independent agent (like this one).\u00a0 If this is the case then that agent only has your information and will be the only agent contacting you (by far the best way to buy online).A good rule to always follow when filling out an instant quote request is to look at the disclaimer at the bottom of the quoter.\u00a0 In this disclaimer it should let you know that a specific agent or agency will be giving you a call.\u00a0 If it doesn\u2019t have this then there is good chance it is being sold to multiple agents\/call centers.The bottom line is that getting a quote online is safe and easy.\u00a0 Your main objective is to find someone who is knowledgeable and you feel comfortable working with.\u00a0 You want someone who is going to be there for you after the sale.\t{\t\t\"@context\": \"https:\/\/schema.org\",\t\t\"@type\": \"FAQPage\",\t\t\"mainEntity\": [\t\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"Who offers the best living benefits life insurance?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"Many companies offer living benefits life insurance, but 2 stand out among them. They are:-American National (ANICO)-Ameritas\"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t,\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"What factors should I look for when buying life insurance online?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"While finding the lowest rate is always a plus, you need to factor in these when buying life insurance:-Conversion Options-Company Strength-Riders Offered (Disability, Living Benefits, Waiver of Premium)\"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t,\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"Is it safe to buy life insurance online?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"Yes, it is completely safe to buy life insurance online. Always make sure you are working with a trusted insurance agency and don't be afraid to shop around.\"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t,\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"Should I add riders to my life insurance policy?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"Most companies offer riders with their term life insurance policies.\u00a0 The one rider we recommend all consumers take a hard look at is the living benefits rider.\u00a0 This rider allows you to access a portion of the death benefit early in the event that you have a major medical occurrence (heart attack, stroke, cancer, etc.).\u00a0 This rider is great to attach to your policy because it covers you in death and during an illness.\u00a0 If you have a family history of medical problems, it would be in your best interest to pay a little more for this feature.\"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t\t\t\t]\t}"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Ultimate Guide to Purchasing Life Insurance Online","item":"https:\/\/www.easyquotes4you.com\/life-insurance-quotes-online\/#breadcrumbitem"}]}]