Two Categories of Life Insurance
Most people make the distinction between two major types of life insurance as Term and Whole Life, but the more accurate terms are: Term and Permanent life insurance. Those are the two broad categories of life insurance; whole life is just one type of permanent life insurance. Sometimes “whole life” and “permanent life” are used interchangeably. With the advent of several unique product designs in the past 10 or 15 years,
When purchasing life insurance, it is important to determine what is important to you. In today’s fast-paced world, we place a high value on time management and efficiency. If we have a choice of shopping online for a gift or visiting several brick and mortar stores, we quickly see the benefit of the Internet. However, when shopping for life insurance, getting things done as quickly as possible isn’t always the best policy.
One of the popular mega-sites offering life insurance received the following review from U.S.
Generally speaking, people are comfortable shopping online for most items. The Internet is a great tool for gathering information and advice prior to making a purchase — and this especially holds true for life insurance. There are numerous sites online that provide instant quotes and solid, basic information about life insurance. Some sites are more “salesy” than others, but it doesn’t take long to sift out those sites and focus on the ones that are professional and helpful.
The popular mega-sites have call centers that make it very easy to ask questions and apply for coverage.
