Instant Life Insurance Quote

We as Americans love instantaneous results. The country is consumed with instant everything, so it comes as no surprise that the Internet has created a way for individuals to receive an instant life insurance quote.

An instant quote means you simply fill out the form, answer a few questions and it database gives you an instant quote based on the information you entered. It is quite simple and appeals to those looking to get a life insurance plan as quickly and painlessly as possible.

Instant Quote - No Medical Exam

Most of the instant life insurance quotes are for the no-medical exam life insurance policies. Since these require no health exam, it can instantly give you a quote based on a $250,000 to $500,000 term life insurance policy. These life insurance providers then allow you to purchase your quoted plan directly online and you receive your policy in a week or so in the mail. A very simple process requires approximately 30 minutes of your time. This is the ultimate way to purchase life insurance if your main goal is to get the policy in force quickly and not have to worry about medical exams.
These are very straightforward and those that enjoy the instant-results tend to gravitate to these types of life insurance plans.

Instant Quote - Could Change After Medical Exam

Many online life insurance providers will give you an instant preliminary quote, which means they quote you a price that could change with your required medical exam. For example, you go online and receive an instant quote for $30 per month for a 10-year term life insurance policy. The site then directs you to fill out additional information and a sales representative gives you a call. During the call, they set up your medical exam for you and after the exam, that instant quote of $30 suddenly changes to $60  per month. Obviously, the instant quote was a quote based on a completely clean medical exam.

Most people after having had the exam, will still sign up even if the instant quote given originally ends up being double the amount. Why would someone do this rather than opting for a different insurance company? They feel somewhat obligated to the insurance company; after all, they set up the medical exam and had such great customer service. Of course, you are under no obligation to go with the insurance company if the bottom line is getting the best premiums.

Deciding Which Life Insurance Plan is Right for You

Keep in mind, an instant term life insurance quote via a no-medical exam requirement does have limitations, but even if the company only provides a maximum benefit amount of $250,000, this is suitable for many people, especially since signing up only means 30 minutes of their time.
In addition, most people that view life insurance policies as investment opportunities normally would not get an instant quote because they are more interested in the investment possibilities of the insurance than they are in the actual quote or premiums.

Normally, those that want an instant quote are concerned about premium amount. If this is the case for you, your cheapest premiums will be those that are the shortest term. In other words, a 10-year term policy is going to cost you less than a 20-year term. In the same vein, a 30-year term life policy will cost less than a whole life policy.

Research the company you plan to get the policy from and realize they do not have to be a household name type company that you have seen on television commercials in order to be a solid company. Many companies can offer cheaper premiums because they do not spend money on advertising, so keep that in mind. Lastly, ask the company for there financial reports so you can see their stability, most are more than happy to provide this information to you.

If your goal for an instant whole life insurance quote is to immediately sign up and enact the policy, you will want to look into the no-medical exam life insurance policies. On the other hand, if you do not mind a medical exam in order to get a higher dollar amount policy even if your actual premiums are different from what you were initially quoted, then you can get an instant quote and allow the company to arrange the medical exam.