Who Would Qualify for Instant Life Insurance?

Instant life insurance plans seems to be the quickest solution to people who have been hunting for coverage for their families for quite a while. It’s not your average plan. It offers you all the advantages that your typical policy does without. However, how would you know of you are qualified for such type of plan? How can you be sure if that is the best alternative that you can have? Surely, you have to know before you cast your lot in it. This article aims to provide you enlightenment regarding such questions through running down who qualifies for it and giving out tidbits of information that will help you complete the puzzle.

• Busy bodies –although busy bees may be willing to stand in line, their strict, “good-for-25hours” schedule might not permit it. With instant term life plans, they would neither need to rush to the insurance company building before it closes nor file a leave to work just to work on it. Wherever they are in the world and whenever they want to, they can get a quote and do the whole thing with just a few strokes in their keyboards even if they are in their PJs. All they need is a working computer and get hooked into the internet. This gives them the ultimate convenience. 

• Folks who are afraid of medical examinations –whatever type of plan you would get, whether its whole life insurance term life insurance or universal, you are most likely to undergo medical tests. With instant life, you would not have to. There are certain reasons why people prefer not to go through this usually dreaded step. One, they might have a thing for needles. Two, they simply don’t have the time and finally may be just too afraid that the tests will reveal any illness that they may have contacted before. Whatever the reason is, it will no longer be moot as you can guarantee not even your presence will be required.

• CAUTION: Don’t lie. It can be easily checked with the proper bureau. –Although you would not physically be there, you will be asked online questions pertaining to your medical history, including that of your family as obviously, there are hereditary diseases. Do not think that you can lie about it as it can be easily verified through the help of the proper bureaus. In addition, the best case scenario when you are found out is that you will be declined by the insurance company. It does not take a genius to think that these people know the folly of online transactions and would naturally keep their defenses up.

• Persons who can’t wait –instant term life insurance quotes are for people who cannot stand waiting. More often than not, it takes four to six weeks before the carriers can have a decision whether to approve or decline your application depending on their assessment. With instant term life, they only need a week. Let your fingers do the math and find out how much time you will save. There are individuals who are not good at waiting and if they prefer the fastest way available, that means shorter underwriting procedure, they are more than welcome to purchase this type of insurance plan.

• People who are willing to pay –now here is the catch; instant term life is only for prospective policyholders who are willing to pay more than usual premiums in exchange of all the leeway and convenience. Such benefits make this policy type a lucrative business. The multimillion dollar question now is are you up to it? One must be crazy to think that everything comes for free. Insurers would be more than glad to give you the best service at the right price. Another reason of higher premiums is that because they have limited time dealing with underwriting, they wouldn’t be able to calculate the payments more precisely.  

• Individuals who have problems facing agents –some people obtain life insurance quote on line because they have problems with overeager insurance agents. It’s not that they have phobia to other people. It is just that they easily get intimidated and usually, they would lose their momentum and before the unsuspecting agent know it, the poor prospect has run away. Without Mr. This-is-the-best-plan-for-you-sir, some individuals feel in control of the situation; thus, they are more comfortable. 

As the abovementioned list has put it, instant term life is not for everyone. Unless you find yourself in it and the slightly higher premiums are fine with you, you should think twice before giving the thought of buying it a “go.”

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on life ins quotes and cheap term life insurance quotes, visit his site today.