Yes, there are insurers offering consumers the choice of purchasing their life insurance policies direct over the internet.

There are some things to consider before making your purchase:

  • Understand that you will pay more for instant issue life insurance without any exams.
  • The amount of life insurance available online may be limited to around $500,000 (or more).
  • These policies come with a money-back guarantee for up to 30 days, usually.
  • There may be no physical examination required.
  • These plans are usually term life insurance offering coverage for a period of up to 30 years.
  • Your approval for coverage will depend on your age and health, along with other key risk factors.
Make sure you find out how much the policy will cost, how long your premium is guaranteed to remain the same, and how long you have coverage. Also, check on the AM Best financial strength rating of the insurance company.

Here's how to buy life insurance policy online today, if you qualify.