Affordable Term Life Insurance at an Instant

You have perhaps tried disappearing when an insurance agent knocks on your front door; or finding your schedule suddenly full when your secretary informs you that he is at the waiting room asking for an appointment. People also suddenly remember things they have to be doing elsewhere when insurance agents pop up, especially when unexpected or without appointments to present their affordable term life insurance offers. Moreover, even if we have already allowed ourselves to be lured by an agent’s attractive come-on and agreed to a demonstration, we still grasp at straws even at the last minute before the appointment to try and wriggle ourselves out of the situation. And this may even be true, even if we have already decided that, for our family and loved ones’ sakes, it is time that we bite the bullet and we really now have to get that insurance.

We all know why this is so.  Insurance pitches can take an interminable amount of time. An agent’s time can eat away at the other appointments that could be more financially rewarding or more important for the business. After all, life insurance rates have to be laid out by the agent and explained. Their comparative costs are highlighted painstakingly in laborious detail. Life insurance quotes have to be presented, each commensurate to a specific plan with specific terms and conditions. This is why the opportunity costs of entertaining an insurance sales pitch could be quite high indeed. And these often make even affordable term life insurances seem expensive to even think about.

Moreover, once you have decided to take out an insurance policy, there are still the various steps to go through. A complete physical exam has to be undergone and passed; various forms have to be filled out and processed; interviews have to be sweated through. These, plus other requirements, could take quite some time and some patience out of our system. Most people end up backing out as they think of the business appointments they would be missing, or the prospective buyer they should have been talking to, or the quality time they would have been spending with their family.

For those who are caught between the horns of the dilemma, genuinely concerned with getting an affordable term life insurance  but unwilling to shoulder the opportunity costs of going through the extremely long process of having contracting for one, there is now a solution to the problem – instant term life insurance.  As the name suggests, an instant term life insurance policy can be taken out the moment you apply for it. The full physical or medical examination is foregone and you only have to answer a few questions about your age and general health condition before the agent or the company offers you a range of quotes applicable to your condition. There is no more of the checklist type of questioning about past illnesses and diseases running all the way back to your childhood. In short, the minimal paperwork and quick-time processing time makes this option, therefore, the most attractive for people on the go. The absence of the frustrating endless line of medically related questions and the certainty that the application would be accepted is the option’s main come-on as well as, of course, the assurance that you have a policy almost immediately upon application.

This new tack of insurance systems is being adopted by an increasing number of insurance companies first of all because of the heightened intensity of competition in the insurance market and secondly, by the rapid changes happening in both local and global economies. Simply put, people have no time anymore to listen patiently to the spiel of insurance agents even with their impressive colored print-out charts and PowerPoint presentations. The operative word here is speed as people recognize the economic and financial value of time. They key, however, remains the fact that in spite of – and maybe even because of – the breakneck speed at which the world of business and life in general is changing, the importance of ensuring the future of family and loved ones remain paramount. People will always hedge against the increasing insecurity of the future by going for insurances. And that will remain the major concern for both the would-be insured and the insurance company for a long time.