Before the advent of the Internet, getting a life insurance policy would have meant getting in contact with a sales person of a particular life insurance company, schedule an appointment, gather information from him, collect the forms, fill them and return it to them. All this meant a lot of hassles and more importantly it took up a lot of your time. It was the same if you chose an agent over a sales person of a life insurance company.
Life Insurance Companies are on the Internet
Internet had already made its entry in the mid-nineties but the life insurance companies were not too sure about going online. But as the framework for Internet assurance became more strong, cases of Internet frauds dropping, the insurance companies knew that it was now time for them to enter the market. So in 2001, most of the major life insurance companies made it possible for buying life insurance online.
Since then there has been a dramatic change. With every passing year more and more people are buying life insurance online. And there are several reasons for buying insurance online.
First of all, there is the comfort of doing everything from home. You don't have to fix up appointments and attend meetings as you had to previously. You can have your policy delivered to you without even having to put a foot outside your home. You can take your own time and shop for policies whenever it suits you, according to your own schedule.
- Secondly, with online policies, life insurance companies can now provide you with your policy much quicker than what they used to before. The entire processing time has gone down drastically, making it possible to receive your coverage earlier.
- The life insurance companies offer you a host of services on the Internet for you to research. This can be anything from counseling to special offers. With such value-added services shopping on the Internet for your life insurance becomes that much more interesting.
Life Insurance Companies are Giving You More Information on Their Websites
For example, New York Life has sections under the headings ‘Life Insurance Decision Guide’, Schedule a Free Consultation’, ‘Life Insurance Quiz’. Each of these sections are targeted specifically to the customers for them to enhance their knowledge about life insurance and how New York Life can help them with that. Such authentic and enriching information was hardly available to the common man before.
Allianz Life Insurance have similar value added policies. Their Planning for Life Calculators are a huge hit. This feature basically helps you to figure out which of the different saving and investment scenarios best suits your life and lifestyle. Essentially it helps you to plan your future and financial independence. It also has a detailed section on annuities and helps you strategize about fixed and variable annuities.
In the present world of insurance, life insurance companies are fighting with each other to gain their foothold in an extremely competitive field. And the best way they can do that is by pleasing their customers. And this fact is not lost upon them. So they are making every effort to see to it that buying life insurance online is easier.
See how easy it is to shop online for life insurance. Get your free life insurance quotes today!