Life insurance is divided into two primary classes; temporary and permanent and further into subclasses- term, universal, whole life and endowment life insurance.
InstantQuote.com Inc is an online insurance company founded by Anthony M. Sarlese, CLU ChFC in 1995. Anthony has been selling life insurance since 1984. The company is part of the first to start quoting term life insurance on the internet providing economic means of buying term life insurance conveniently.
The company's main goal is helping consumers choose a company and product based on all factors that are considered by insurance companies when they underwrite a case. Products are listed based on the personal data customers submit. The website provides an underwriting guideline chart for each insurance company available for the client's review; therefore, clients are able to match the lowest premium that best fits their profile based on the underwriting method used by the insurance company.
Term insurance provides cover for a specified period; benefits are paid only after the client's death during the term. Term life insurance is the cheapest method to buy reasonable death cover over a particular time. It is used purely for income replacement needs for an individual (Denver 52). It functions similarly to any other form of insurance since it gives claims with regard to what the client has insured. It works when the amounts payable are up to date and the agreement is not overdue. It will not provide for the return of premium dollars if no claims are filed. Since it is purely a death benefit; term life insurance only provides coverage of financial responsibilities for the insured or their beneficiaries.
[...] Rule, Colin. Online Dispute Resolution for Business: B2B, E-commerce, Consumer, Employment, Insurance, and Other Commercial Conflicts. San Francisco: Jossey-Bass Print. Xiao, Jing J. Handbook of Consumer Finance Research. New York: Springer Print. [...]
[...] Apart from the competition, online insurance faces major problems especially with the online insurance quotes. One such problem is the fact that insurance policies issued online are invalid in some countries hence most clients cannot rely on the cheaper services offered by the online platform. It is also difficult to get an assessment of premiums offerd by all other insurance companies with accurate insurance information while still being in a position to provide cover as soon as possible when payment is through credit card.() It, therefore, results to inconveniences to the customers especially those seeking insurance cover from overseas where premium payments cannot be made in person. [...]
[...] InstantQuote.com Inc is an online insurance company founded by Anthony M. Sarlese, CLU ChFC in 1995. Anthony has been selling life insurance since 1984. The company is part of the first to start quoting term life insurance on the internet providing economic means of buying term life insurance conveniently. The company's main goal is helping consumers choose a company and product based on all factors that are considered by insurance companies when they underwrite a case. Products are listed based on the personal data customers submit. [...]
[...] As far as research and development work, the online platform, through interaction with the customers, offers companies the opportunity to identify problems with the current products in the market and tailor them to the market needs. It is vital that insurance companies (Denver 35) explore the digital world so as to reduce costs on insurance processes hence rendering their products affordable to their customers while making the process fast and efficient. Works Cited Graves, Edward E., Lynn Hayes, and Dan M. McGill. McGill's Life Insurance. Bryn Mawr, PA: American College Print. "International Journal of Marketing, Financial Services & Management Research." ( November 2012). Web . Life Insurance. Denver, CO: CLE in Colorado Print. [...]
[...] People in marketing are the clients. The brands reputation rests entirely in the people's hands. This resource is valuable in customer satisfaction. The aspect of the process refers to the process of providing a service and thus bring information regarding how beneficial the services are to the clients Speed and accuracy of payment is immensely vital- the process should be easy and convenient for the customers.( (Denver 78) Customers need evidence for a product they are buying. It is achievable in the form of policy certificates and payment receipts for premiums. [...]
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