Reader’s Question:

My wife and I are both working full-time and hardly have any time to research a life insurance policy and all the work that goes with it. I want to purchase a policy in Atlanta, Georgia soon but don’t have the time. I have heard of instant life insurance online. Any suggestions?

Aaron

Atlanta, GA

Term life insurance companies have introduced Instant Issue Policies. Realizing that purchasing policies can be a time consuming and frustrating process, Instant Issue Policies can usually approve or deny you within 10 minutes of completing the online applictaion. Most carriers also allow you to secure your policy by paying online with a credit card.

You don’t have to talk to another person, not even an insurance sales person from Atlanta, Georgia. There are generally no medical exams required to put the policy into effect which is appealing to people who just don’t want to go to the trouble of a medical exam.

Given the convenience of Instant Issue Insurance, the trade-off is that coverage levels are generally less at a slightly more costly monthly premium. The insurance company increases the cost because they are willing to underwrite a person without any medical exam.