| Before submitting your information to an online Life | | | | few. Some small agents will only work with a few |
| Insurance website there are a few things you should | | | | carriers, so be sure to ask for information on multiple |
| know. | | | | carriers, and be sure to ask for their rating. Often |
| Research- | | | | times, a cheaper rate, means a lower caliber |
| Do a little research on the site before submitting any | | | | insurance company. |
| personal information. The top sites will contain articles, | | | | Application Request- |
| calculators, or blogs to help with the decision process. | | | | You may see life insurance sites use the term |
| Make sure that the site has a learning center or | | | | "application request form". This isn't to have the |
| contact information with a relevant privacy policy | | | | company actually send the application, more to gauge |
| before submitting anything. | | | | interest in purchasing life insurance. If a site says that |
| Your personal information- | | | | you can apply online, it just means you can start the |
| Most websites use your personal information to offer | | | | application process online. Life Insurance requires |
| you quotes while shopping online. Some sites just | | | | certain forms and questionnaires, and any brokerage |
| collect data without showing you a quote, and sell if | | | | you work with will have to get these same forms. |
| off to multiple agents who may only work with 1 or | | | | Where to find a good website- |
| 2 carriers, so be careful. You will likely want to work | | | | Chances are that if you are looking for life insurance, |
| with a website that gives you quotes online and has | | | | you have gone to a search engine to research. This |
| agents on their staff. Any life insurance site that just | | | | is the best spot to get a quality quote. Search engine |
| acts as a "lead generator" is not looking out for the | | | | advertising is extremely expensive, so these |
| best interest of the consumer, just trying to make a | | | | advertisers will tend to be the most trustworthy in |
| buck off of your valuable data. | | | | the industry. Be careful of emails that offer "free life |
| Viewing quotes Online- | | | | insurance quotes", most legitimate sites don't use |
| Using data like your state, birth date, height and | | | | email or spam. These are likely the sites that will sell |
| weight, online life insurance sites can offer quotes | | | | your information of 5 times. |
| online. You are also asked to either choose a health | | | | What happens when you buy life insurance online- |
| class or answer a couple minor health questions to | | | | Online Life Insurance brokerages have made it easy |
| get a more accurate quote. Quotes that you receive | | | | to buy online. |
| can vary between sites, but all of the quotes come | | | | Step 1-fill out a quote online |
| direct from the carrier, so they should be the same. | | | | Step 2-speak with an agent to confirm your |
| If someone says they can get you a cheaper rate, it | | | | information and schedule a medical exam |
| is most likely with a different company. That is the | | | | Step 3-An agent will fax, email or mail a pre-filled |
| good thing about life insurance, whether you buy if | | | | paper application to your home or office. You can |
| from brokerage A or Brokerage B, you pay the | | | | sign and return or give it to the person who gives |
| same amount regardless of where you buy it. Agents | | | | the exam. |
| can't hide fees like the mortgage industry. Agents are | | | | Step 4-Your policy is submitted to the carrier and is |
| paid from the insurance company, not you. | | | | now in the underwriting process, this takes between |
| Generally you will see the same quotes on all of the | | | | 1 and 6 weeks. |
| websites- | | | | Step 5-Your policy is approved, and coverage is in |
| Most of the online brokerages work with the same | | | | force. |
| top rated carriers like AIG, Chase, Transamerica, | | | | If you are searching for life insurance, be sure to visit |
| Genworth, Banner Life, RBC Insurance to name a | | | | along the way. |