DIY Life Insurance: A Simplified Digital Solution

It’s no secret that life insurance can be daunting, but it remains an essential piece in health and benefits portfolios, helping to provide peace of mind and financial stability. While independent insurance agents and brokers are great resources to help navigate the complexities of choosing a policy, there is a new option available that allows individuals to self-service your own insurance needs.

As a 34-year veteran of life insurance sales and services, I can attest that advances in technology have made obtaining it easier than ever. life insurance through online platforms, which provides contactless offers (no email or phone required) and do-it-yourself (DIY) sign-up and subscription management.

Quality assurance options

While some may be skeptical about the types of life insurance carriers that are accessible through these new tools, you’ll likely be happy to know that many of the participating carriers are the same accessible through a licensed insurance professional or by calling 1 -800. service. DIY life insurance tools allow direct communication for any questions or underwriting requirements.

Faster solutions with less contact

Many life insurance carriers are working to eliminate the extra step of in-person physicals that are often a requirement for life insurance policies by requiring access to online medical records and reviewing annual exam results.

The fact that policies can be issued the same day a claim is submitted to the online insurance carrier provides a powerful example of how technology has revolutionized the industry. If a physical exam by a physician is required, the applicant schedules an appointment directly with the examiner and receives the results at no cost – this serves as a free physical exam outside of the normal annual preventive physical cycle.

Secure management of digital documents

When you use these online DIY tools, applications and policies are conveniently signed using DocuSign, a secure service that allows users to electronically sign documents and manage digital transactions. This includes electronic delivery of important individual plan documents that can be easily shared with family members who will execute the insured’s estate in the event of death.

Licensed insurance professionals still have a seat

Many buyers need help determining the right amount and term of life insurance for their situation. In these cases, working with an insurance professional with experience in life insurance policies is probably the best option. Since the rates are the same whether or not one chooses to work with a licensed insurance professional, you should not hesitate to seek guidance in making this important decision.

DIY digital life insurance platforms provide a quick and convenient way to find and get a policy solution. These tools provide quality and accurate quotes from trusted insurance carriers. Partnering with a licensed insurance professional remains the best option for those who have questions or aren’t sure what type or size of life insurance policy makes the most sense for them.