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More consumers research life insurance online, data shows

As consumers continue to feel the effects of the economic downturn that plagued the economy in 2008 and 2009, people are turning to online marketplaces to save money on life insurance

More people searched for life insurance quotes online in 2009 than in 2008, a new report from research firm comScore suggests.

The number of searches including the phrase “life insurance” rose 15 percent last year, comScore noted.

“Now more than ever, the internet is playing an important role in this complex financial planning decision,” comScore director Susan Engleson said.

The internet is becoming more pervasive in American life, especially with the rise of web-enabled smartphones that permit web surfing from anywhere with cellular service. And consumers, eager to pare debt and save money on living expenses, are looking everywhere they can to spend less – including the internet.

People are saving more, too: the Commerce Department said this week that personal saving increased in December to 4.8 percent of income.

Many people are finding that sourcing insurance quotes from the web is an easy and effective way to cut insurance expenditures. “The internet often represents a critical decision-making phase in the life insurance purchase funnel,” Engleson suggested.

See how easy it is to shop online for life insurance. Get your free life insurance quotes today!

Posted: February 2, 2010

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