Is it possible tp purchase a term life insurance policy over the internet instantly?

Yes. In fact, several insurers now offer consumers the option to apply online for their term life insurance coverage.

One highly-rated insurer offers up to $2,000,000 of same-day life insurance protection for qualified applicants.

You can apply online for a term life policy in about 15 minutes, and find out if you qualify for coverage that day.

Also, these plans come with a free look period, usually from 10 to 30...
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Yes, you can purchase life insurance coverage on your parents.

You can buy a life insurance policy on anyone with whom you share an economic insurable interest, including your parents or spouse.

The parent or parents you wish to insure will  need to sign as the policy "Insured" on the application for life insurance coverage, and have to be mentally competent to do so.

In addition, your parents may need to answer some health questions, or take a medical exam to find out if they...

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The price you pay for your life insurance depends on your age and health, among other factors.

Also, there are several types of life insurance available, so the type of plan you choose will impact your premium, as well as, the amount of life insurance coverage you need.

The life insurance company will ask you several questions about your lifestyle and health to determine the rate to be charged for your life insurance.

Your personal risk factors will help the insurance company determine your life...
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Yes, you may be able to purchase a life insurance policy on the life of a relative.

You can usually get life insurance on a relative, but even with relatives, some insurable interest must exist between you and your relative in order for you to buy life insurance on the relative.

For example, Nephew Steve cannot take out a life insurance policy on Aunt Amy unless Amy has been living with Steve, if Steve has been contributing to her financially, if Amy loaned Steve some money, or...

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Term life insurance is temporary life insurance coverage for a set period of time, usually up to 30 years.

So, would would someone buy term life insurance?

Usually people choose to buy term life insurance for any of several common reasons:

1. To get the maximum amount of life insurance for their money.

2. To have flexibility in choosing how long they have life insurance protection. 

3. To provide for short-term life insurance needs.

4. Budget - Because they have a limited amount of money and need t...
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Yes, you can get life insurance on other people.

There must be insurable interest as defined by economic loss at the demise of the policy insured.

That means, you must suffer some financial loss of the insured person were to die, or you rely on the insured person for some means of financial support.

If no such financial liability can be established the life insurance company will deny the application. Unrelated parties with no business nor personal economic relationship cannot ...

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