Why would you get life insurance quotes online? You could call in an agent and get some good information and proceed to buy your policy if you see something you like. You could contact an Independent Agent or a Broker who are exposed to many companies and a wide range of policies. Most people, however, get their life insurance quotes online then proceed to either buy their policies there and then or they contact the carrier they are interested in and have them send out a representative.
Most people gather information online because it simply is easy to do. You find a site with a good calculator that will give you a good idea how much you need after you provide information pertinent to your specific situation. You see where you would also be categorized based on a height and weight chart. You also consider medical history of your family as well as your personal history. If you are involved in any hazardous avocation you provide that information. These things help the life insurance carriers give you a more accurate quote.
After you get a comparison between a few of the best premiums you may choose to make a decision as to which would best fit your situation. You complete an application. A representative of the company will contact you to confirm some of the answers on the Application. In some cases s/he will need to come and see you personally.
If the policy is large enough you may need to do a medical examination. In some cases you will need more than one medical.
There are some life insurance carriers, however, that will give you quotes online, let you complete an application, have your policy approved in a few minutes, then allow you to print out your policy online. The amounts they will issue are limited to $250,000 or $500,000. At younger ages they may issue up to $1,000,000 life insurance online without a medical exam. Applicants usually need to be between age 18 and age 65.
All life carriers do Inspection Reports to verify the answers on the application. They also get information from the Medical Information Bureau. This organization, fondly referred to as the MIB, provides information on previous or continued illnesses that may cause your application to be rated in a specific class or in some cased declined.
Comparing rates and getting life insurance quotes online is becoming more commonplace every day. The most bought policies are the 10 year, 15 year, 20 year, 25 year and 30 year term policies.