When you’re buying life insurance, you have two main choices: buy it online or through an agent (offline). Both can protect your family, but they work differently. Here’s what you need to know:
1. Price Differences
Many people think online life insurance is cheaper. That’s not always true. According to the National Association of Insurance Commissioners (NAIC), the cost mostly depends on your age, health, and the type of policy, not whether you buy online or offline. So, prices are usually similar either way.
2. Buying Online Is Faster
Buying online is quick and easy. You can compare quotes, fill out forms, and even get approved—all from your computer or phone. A recent study by LIMRA shows that more people now prefer buying life insurance online because it’s faster and more convenient.
3. Buying Offline Offers Personal Help
If you buy through an agent, you get personal advice. They can explain your options, help you choose the right policy, and guide you if your situation is complex (like planning for your estate or business). This is helpful if you’re not sure what kind of coverage you need.
4. Online Is Great for Comparisons
Online sites let you compare prices and policies from different companies in one place. You can also use tools to figure out how much coverage you might need. This makes it easier to find a good deal.
5. Customer Support
With an agent, you have someone to call if you need help later. Online companies usually offer chat or phone support, but it may not be as personal.
So, What’s Better?
- Choose online if you want something quick, easy, and have simple needs.
- Choose offline (an agent) if you want personal advice or have a more complex situation.
No matter how you buy, make sure to compare plans, read the details, and choose a trusted insurance company. That way, your family will be protected when it matters most.